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 Replies: 12 / Views: 4,260 |
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Bedrock of the Community
United States
11951 Posts |
I hope this does not seem like a stupid question ...
Some of the local coin shops here in north Florida have foreign coin boxes, where you can pick out any coin you want for 25 cents each.
I have been picking out some older Canadian dimes and quarters and some older Philippine silver coins.
It seems like they don't want to mess with them ..
I am thinking it might be worth my while to pick out as many of these I can. And maybe my next trip to Michigan try to sell them there. I guess I am thinking they might be more interested in them there.
Do they sell older silver coins in Canada like they do here in the U.S. For example: Here today I might get 14X face for every older (90%) silver coin.
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Pillar of the Community
 Canada
9862 Posts |
1966 and earlier Canadian silver is being bought today at US$12.40 per dollar face.
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Pillar of the Community
Canada
576 Posts |
There was a guy on kijiji the other day - maybe he's still there - offering $14 for every Canadian silver dollar.
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Bedrock of the Community
 United States
11951 Posts |
Thanks .... I am going back to the coin store today ... see what I can find in the box
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Pillar of the Community
Canada
1248 Posts |
Buy anything from 1966 and older. BUT remember, 5 cent pieces, the large coins, are Nickel. only from 1921 and back are they silver.
H
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Pillar of the Community
Canada
1051 Posts |
Yes, you can use a multiplier, just like the US. For 80% coinage bullion (1920-1966 or 1967)
it's at right around 14X at the moment. A dollar has 0.6 oz actual silver content, a half has 0.3 oz, a quarter has 0.15 oz. That means right now, a dollar is $14, a half is $7, and a quarter is $3.50. The dime does not quite follow the same pattern though, which makes it less attractive to me. If it were linear with the other denominations, it would be half of the quarter, or $1.75. In reality it's more like $1.40.
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Pillar of the Community
Canada
576 Posts |
1cent, good info. So here's one for you. I have a lot of heavy sterling silver rings etc. here. What is the appropriate price per gram you should expect? Is there a multiplier for it?
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Pillar of the Community
Canada
598 Posts |
1 avoirdupois ounce = 28.35 grams; Your normal grocery store ounce. 1 troy ounce = 31.1 grams; Precious metals (pm) are always in troy ounces. There are only 12 troy ounces in a troy pound, as opposed to 16 avoirdupois ounces in an avoirdupois pound. Sterling silver is 92.5% pure silver, in other words the actual silver weight (asw) is 92.5% of the total weight... the rest of the alloy most often being copper for strengthening (ah, for lack of a better term) the silver. Sterling silver is often just marked .925, meaning fineness... When talking precious metals often the troy part is not mentioned and taken as granted... So for sterling silver, divide the spot price by 31.1 and multiply that number by 0.925 for the price per gram... not much, yet. Silver is more readily still sold by the ounce... in which case (for sterling) just multiply the spot price by the number of troy ounces times 0.925. The spot price (=current value around $24.09US/oz for silver) can be found live online at kitco or a bajillion other sites. Remember though, that you may not realize spot price when selling less than pure scrap/junk bullion... the buyer may have refining costs to consider along with shipping or any other incurred expenses to transact. Bonne chance!  |
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Pillar of the Community
Canada
576 Posts |
IBGolden, interesting information! Thanks!
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Pillar of the Community
Canada
1051 Posts |
I would consider selling sterling junk to be a "spot minus X %" situation.
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Pillar of the Community
Canada
9862 Posts |
Here's a handy site for current silver and gold pricing,you can view it in either US or Canadian dollars. |
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Valued Member
Canada
276 Posts |
kitco.com and kitcosilver.com also have prices.
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Pillar of the Community
United States
2734 Posts |
Edited by DNA
10/17/2010 7:18 pm
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Replies: 12 / Views: 4,260 |
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Posted 10/12/2010 10:56 pm
