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 Replies: 32 / Views: 6,154 |
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Valued Member
United States
230 Posts |
Searching US quarters, nickels and cents have yielded about 100 in Canadian coins. My query is what to do with these coins? I see that I can sell them in batches on ebay for close to face value. But I was wondering if anyone has traded Foreign coins for silver? is so- what would be a fair swap? I was thinking spot silver price for clad face value. So for an example a silver dime at spot is worth 2.77 US. If I paid that 2.77 in *Canadian clad would that be a fair trade? *Canadian is about 5% more powerful than US as well. So the seller would get spot plus the currency bonus. I also have a lot of Euro and UK coin. What do you guys think? |
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Pillar of the Community
United States
4897 Posts |
Put 'em in a folder, album, 2x2s or whatever. Canada coins are beautiful! IMHO. Also think you would have to pay much more than spot to find any takers on your silver idea....again just my opinion.
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Valued Member
 United States
230 Posts |
If I swapped with someone in Canada and paid US spot for their silver I would think that would be fair.
They get the 5% currency bonus and I get the haircut.
At best how much can you sell you junk silver for? I would think most would have to take a 10% haircut if you tried to sell it.
The normal joe and jane coin collector won't be able to get spot when selling junk silver. Unless you are a coin dealer I don't know how anyone will get spot for their coin.
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Pillar of the Community
United States
4897 Posts |
Just saying that unless you have some rare or variety Canada's you will have a tough time. A lot of Canadian coinage is pretty readily available at good prices. Circulation finds mostly are worth face value.
I do understand what you are saying though. They would make an easy 5% above spot. But unless you have quantity is it worth it? I dunno?
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Valued Member
United States
397 Posts |
I just keep em in case of the USD being devalued even farther against canadian. Right now CAD is 2% ahead of the USD.
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Valued Member
United States
230 Posts |
Looks like the all nickel quarters and nickels bring a nice premium.
I was thinking of the currency protection as well, but why not swap it for silver for the same reasons?
I have a bunch of Euro and UK coin as well. If someone is going to Europe soon they can swap silver for Euro coin, since the conversion if much higher for EURO coin I don't know what rate is fair for swap...
For Canadian I think paying US spot prices for silver is a good trade. They can turn right back around and buy new silver with that Canadian change they got from me.
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Valued Member
United States
161 Posts |
I keep them along with other foreign coins I come across. I bought two Whitman folders to put the pennies in.
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Pillar of the Community
United States
672 Posts |
I toss em in a bucket, Ill worry about it when I get more than a few dollars worth. Shipping would eat up any ideas in your change for silver trade. When I have 50$ in Canadian change, Ill worry about it.
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Valued Member
United States
417 Posts |
We ordered the two Whitman folders as well. My grandson finds quite a few pennies while searching rolls. Thought It would be fun to collect them as well.
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Valued Member
United States
230 Posts |
I have a mountain of foreign coins I don't know what to do with them. Here is just a small sample.  |
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Valued Member
United States
230 Posts |
I notice people sell foreign on ebay for pretty close to spot value.  Also I notice that 10 bucks face value in copper cents sell for about 13 bucks plus 5 bucks for s/h. |
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Pillar of the Community
United States
2661 Posts |
Quote:
Put 'em in a folder, album, 2x2s or whatever. Canada coins are beautiful! IMHO.  Much nicer than our dead presidents. I keep all non U.S. coinage I find. But then again, I do like foreign issues much more than our modern clad coins. Edited by Tim Stroud
05/31/2011 6:19 pm
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Valued Member
United States
176 Posts |
When I finally got a couple dozen Canadian cents from roll searching, I picked up the 2 Whitman folders and started a collection. I enjoy working on these as much as my Lincolns!
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Pillar of the Community
United States
917 Posts |
If I find any George VI cents or nickels, they get put into a tube (cents) or a flip (nickels; I only found one George VI nickel so far in searching). I have found two silver dimes ('57 and '68) and they reside in cardboard flips. All other Canadian change is kept in rolls. I have some partially filled rolls that I put coins into when I find them. I keep these rolls in a sort of a carousel on top of a case for blank CD's; I have dubbed this my "Loonie Bin". So far, I've found over $28 in Canadian pocket change, which includes seven rolls of cents, two rolls of nickels, five Loonies and one Toonie.
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Pillar of the Community
United States
1150 Posts |
It is easy to get spot for your silver. Put it on craigslist.
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Valued Member
United States
230 Posts |
Just because you try to sell at spot on CL doesn't mean you will get it. Look for junk silver on ebay and you can get it with a nice haircut to spot- and that is before fees which are considerable on ebay. |
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Replies: 32 / Views: 6,154 |
Posted 05/31/2011 3:06 pm
