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kavajava
Penny Collector Member
USA
490 Posts |
 Posted - 07/20/2008 : 13:43:26
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What are some of the ways that you can tell whether a 1967 Canadian quarter and/or dime is 50% or 80% silver?
Thanks in advance for your help.
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/20/2008 : 15:02:26
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| I've been wondering the same thing. For buying purposes I assume they are 50%. My coin book says they have the exact same weight, size, look. Anyone? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 07/20/2008 : 16:40:34
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quote:
Originally posted by legacypac
For buying purposes I assume they are 50%.
yeah--that's kind of what you have to figure, and hope for the best--hope some one here has a good answer for us... |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 07/20/2008 : 19:20:38
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Get enough of them to melt with an assay.
I had $250 of '67's face that I sent to the refinery. The result was mostly 80%, almost 9 out of 10, but do not read anything into that as it was a very small lot compared to what was issued.
I fooled around with my Ryedale for a few minutes once, using a 1968 reference coin and a 1966 reference coin and running through some '67 quarters. I probably gave up too soon, but did not find a consistent answer as they all came through as "good ones". |
www.londongoldbuyer.com |
Edited by - fasTTcar on 07/20/2008 19:21:36 |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 07/21/2008 : 13:50:56
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I don't know of any way to distinguish the two compositions; in terms of fraction that are 80% versus 50%, here are kitco.com's buying prices for $1 face value canadian silver today:
1966 or earlier: $9.515 x face
1967: $6.856 x face
1968: $5.364 x face
because 1967's value is closer to 1968's than 1966's, I'd assume they find that more 1967's are 50% than 80%; if you assume the buy price for 1967 is a weighted average of 50% and 80% prices, working through the math says that according to their prices, for 1967 a little over one third (36%) of the coins are 80% silver and almost two thirds (64%) are 50% silver.
Of course, it may be more 80% and they're just taking advantage... |
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fb101
Administrator
USA
2856 Posts |
Posted - 07/21/2008 : 13:53:50
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| So what are the 66, 80%? Were there ever any 90%? |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 07/21/2008 : 15:03:15
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quote:
Originally posted by fb101
So what are the 66, 80%? Were there ever any 90%?
Yep, 1966 is 80% silver. They were never 90%, but before 1920 canadian silver coins were sterling (92.5%). |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/21/2008 : 15:52:03
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I might add that Huxby Coins of Canada and several online sources say that the 1967 50 cent and Dollar coins are 80%. In 1968 they went right to Pure Nickel. No mention of a phased drop from 80% to 50% to Zero.
I like the idea of the Ryedale doing the job. My Ryedale can see the differance between US and CDN zinc pennies, so it should be able to see 50% vs 80% silver easily. Wondering about the slide accomidating the quarters though... how did you do it FasTTcar? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 07/21/2008 : 16:45:39
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quote:
Originally posted by legacypac
I might add that Huxby Coins of Canada and several online sources say that the 1967 50 cent and Dollar coins are 80%. In 1968 they went right to Pure Nickel. No mention of a phased drop from 80% to 50% to Zero.
I like the idea of the Ryedale doing the job. My Ryedale can see the differance between US and CDN zinc pennies, so it should be able to see 50% vs 80% silver easily. Wondering about the slide accomidating the quarters though... how did you do it FasTTcar?
You could always try it just on dimes, first- do they fit? |
Edited by - AgCollector on 07/21/2008 16:46:09 |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 07/21/2008 : 18:34:35
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I manually fed them through with the slide removed. It probably is possible if tuned correctly, but I ran out of patience and moved on to something else.
I will also back up the story that 1967 dollars and halves are 80%. The common buying is figured on 1/2 50% and 1/2 80%. I actually believe that there is more 80%, but can not prove it other than a small sample melt and a rumor from a connected dealer.
I wrote an eBay guide on Canadian junk a while ago if anyone is interested. If you like, vote for it :-)
You must be logged in to see this link.
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www.londongoldbuyer.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 07/21/2008 : 21:23:56
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I had the same thought - try on dimes first and yes they fit through (always end up in my penny rejects).
Good guide - I voted for you too :) |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 07/22/2008 : 00:11:53
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Good guide fasTTcar--voted for it...
so far it sounds like there is just no good way to tell about 1967...very interesting...I am actually surprised that none of the brilliant minds here on this forum have a method...guess I will just continue to assume that 67 dimes and quarters are 50% and pay accordingly.
Thanks all for your input...please keep it coming! |
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1967 CDN quarters and dimes
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