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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
 Posted - 04/02/2009 : 22:41:45
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Hi everyone,
I normally avoid Canadian silver because no dealers around me want to mess with it. After having a few chances to buy some I have decided that I want to learn more about it. My question is how do you figure out how much it is worth.
For Instance US 90% is .715 ounce per $1 face. What does it come out to for 80% Canadain? Also what about 50% Canadian silver.
Or is there a better way to calculate the value.
I want to know the ACTUAL market value, NOT the melt value that can be found on coinflation.
Thank you for answering my noob questions on this topic
HR
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Copper Penny Investing
www.portlandmint.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 04/02/2009 : 23:23:46
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Canadian silver can be broken down into four categories:
1) Pre-1920 coinage (5, 10, 25, and 50-cent pieces) are sterling 0.925 silver. Unless the coins are completely worn, they usually have more value numismatically than pure bullion.
2) 1920-1966 coinage (minus the 5 cent coin which went nickel, plus silver dollars which they began minting in 1935) are 80% silver or 0.6 oz ASW/$ face value. This is the most common form of Canadian junk silver. It typically sells for a slight premium over spot - about 8x FV USD or 10.5x FV CAD nowadays.
3) 1967 Centennial coins, the ones with the animals on them (dime = makeral, quarter = bobcat, half = wolf, dollar = goose) are either 80 or 50% silver, as the composition changed mid-year. All 50 cents and dollars are 80% and anything in an original sealed mint set is also guaranteed full 80%. For practical purposes, assume the average is 65% silver ([50+80]/2) or 0.45 oz ASW/$ face value. Going rates about 6x FV USD or 7.5x FV CAD.
4) 1968 is the final partial year silver was used, and only in quarters and dimes. 1968 coins are either 50% Ag or 99.9% Ni, which can be differentiated most easily with a magnet. 1968 silver goes for about 5x FV USD or 6x FV CAD.
Hope that helps! |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
Edited by - Nickelmeister on 04/02/2009 23:24:17 |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/02/2009 : 23:29:13
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Is there any way to tell the 50% and 80% apart from 1967, besides weighing it.
Whats the % of Canadian silver dollars? Do they normaly always sell above their melt value like U.S silver dollars do?
Thank you for the help Nickelmeister, very helpfull! |
Copper Penny Investing
www.portlandmint.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 04/02/2009 : 23:37:22
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As I understand (and I have done quite a bit of research) the only way to tell the 50 and 80% apart is to melt it! That's why all dealers simply assume it is a 50/50 blend. In fact, the two populations of coins were minted in almost an exact 50/50 ratio so it's a pretty valid assumption.
All Canadian "silver" dollars (circulation coins with actual silver content) contain 0.6 oz ASW. These are any dollars you find minted from 1935-1967. There were commemoratives issued through later dates with silver content, but only as numismatic products. And if you ever happen across a 1948 Canadian silver dollar, make sure you hang onto it!!! LOL |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/02/2009 : 23:51:16
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quote:
Originally posted by Nickelmeister
As I understand (and I have done quite a bit of research) the only way to tell the 50 and 80% apart is to melt it! That's why all dealers simply assume it is a 50/50 blend. In fact, the two populations of coins were minted in almost an exact 50/50 ratio so it's a pretty valid assumption.
All Canadian "silver" dollars (circulation coins with actual silver content) contain 0.6 oz ASW. These are any dollars you find minted from 1935-1967. There were commemoratives issued through later dates with silver content, but only as numismatic products. And if you ever happen across a 1948 Canadian silver dollar, make sure you hang onto it!!! LOL
So 2 Ca halves have the same % of silver as 1 Ca silver $?
Thanks for all the help
HR |
Copper Penny Investing
www.portlandmint.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 04/03/2009 : 00:05:44
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Yes, two halves would have the same silver content as one dollar. As would four quarters or ten dimes. However, if you want to get technical, with the smaller denominations you get more surface area and thus more wear. The dollars (and to a certain extent halves) tend to trade at a premium to the quarters and dimes. But if you are looking at the silver for *actual* barter and trade purposes it would be nice to have a good mixture. If you are interested in approximate book values, I recommend this site:
You must be logged in to see this link.
It's a little dated, but gives you a good idea of key dates etc. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 04/03/2009 : 01:04:59
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Hi there-
Highroller- I've been converted to Canadian silver. I used to avoid it as well, but I like the silver CDN dollars because they're a BIG, nice-looking coin that you can get at pretty close to spot from dealers and ebay. (usually)...
It's been my observation that people tend to like bigger silver coins, so my unsolicited advice is that if you have the chance to get them near spot, get half dollars and dollars. No 65% BS to worry about, and theyre usually less worn, especially dollars.
JMO
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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hector6man
Penny Pincher Member
USA
129 Posts |
Posted - 04/03/2009 : 12:43:49
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| Just go to coinflation.com and on the top right hand corner, choose countries, scroll down to canada and it will tell you how much each is worth! That's how I found the value for each coin I bought on feebay. Hope that helps!!! |
"Ninety-nine percent of the failures come from people who have the habit of making excuses." -George Washington
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/03/2009 : 15:59:59
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quote:
Originally posted by hector6man
Just go to coinflation.com and on the top right hand corner, choose countries, scroll down to canada and it will tell you how much each is worth! That's how I found the value for each coin I bought on feebay. Hope that helps!!!
Coininflation tell you the melt value, not the actually value you will get when you go to sell. Thanks though |
Copper Penny Investing
www.portlandmint.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/06/2009 : 05:08:56
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When I buy 1967 silver I assume that it is all 50%. Then I can be happy if it melts at a higher percentage. I keep my 1967 seperate though because I know it will average out higher then the 1968s and is really worth more.
I also concure-no way to tell the 1967 50% from the 80% in dimes and quarters except to melt them. I tried them everywhich way on the Ryedale against known 1968 50% and known earlier date 80% coins. Ryedale can't tell the 50% vs 80% coins apart either. |
“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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keys
Penny Collector Member
383 Posts |
Posted - 04/06/2009 : 16:42:44
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Here is a site that you can use to calculate the melt value of Silver Canadian Coins in US Dollars-
You must be logged in to see this link.
Type in the quantity of the type of Candian Silver coin you have in the quantity box and find out instantly what your Canadian Silver coins are worth.
(The 50% silver coins are listed for 10 cents and 25 cents. I thought they weren't)
This coin calculator can also figure out the value of Canadian Silver in British Pounds, Euros, or Canadian Dollars.
When it comes to selling Canadian Silver, buyers will view it as junk silver. The only advice I can give you is figure out the percentage between the buy and sell price of junk silver and go with that price.
I accept the fact that silver dealers have to eat and pay the rent. Their buy/sell spread is their profit and it is what keeps them in business. |
I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
Edited by - keys on 04/06/2009 16:57:39 |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/07/2009 : 23:04:07
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| I'll buy Canadian junk silver all day long at spot (coinflation being a handy calculator). So there is a market price for you. |
“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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psi
Penny Collector Member
Canada
399 Posts |
Posted - 04/08/2009 : 01:06:41
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quote:
Originally posted by keys
Here is a site that you can use to calculate the melt value of Silver Canadian Coins in US Dollars-
You must be logged in to see this link.
Thanks for the link, this site is considerably more useful to me than coinflation (at least for silver). No need to convert values from usd "by hand", plus the calculator looks handy for adding up total silver value. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/08/2009 : 18:30:53
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quote:
Originally posted by jadedragon
I'll buy Canadian junk silver all day long at spot (coinflation being a handy calculator). So there is a market price for you.
Does this include when silver goes higher...say $15 an ounce? |
Copper Penny Investing
www.portlandmint.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/09/2009 : 17:58:59
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quote:
Originally posted by highroller4321
quote:
Originally posted by jadedragon
I'll buy Canadian junk silver all day long at spot (coinflation being a handy calculator). So there is a market price for you.
Does this include when silver goes higher...say $15 an ounce?
Yes. I take a long term view and my silver goes into deep storage not to emerge until I retire. |
“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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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/09/2009 : 18:13:53
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quote:
Originally posted by jadedragon
quote:
Originally posted by highroller4321
quote:
Originally posted by jadedragon
I'll buy Canadian junk silver all day long at spot (coinflation being a handy calculator). So there is a market price for you.
Does this include when silver goes higher...say $15 an ounce?
Yes. I take a long term view and my silver goes into deep storage not to emerge until I retire.
As do I, except i only keep .999 pure! Ill let you know im a come across any Canada stuff |
Copper Penny Investing
www.portlandmint.com |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 04/11/2009 : 20:30:11
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quote:
Originally posted by highroller4321
Hi everyone,
For Instance US 90% is .715 ounce per $1 face.
Don't you mean 0.7796? I think a US silver dollar is 371.25 grains of silver, not discounting wear to the coin. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 04/11/2009 : 20:43:28
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quote:
Originally posted by AGgressive Metal
quote:
Originally posted by highroller4321
Hi everyone,
For Instance US 90% is .715 ounce per $1 face.
Don't you mean 0.7796? I think a US silver dollar is 371.25 grains of silver, not discounting wear to the coin.
No I mean $1 FACE is .715 ounces Like ten dimes or 4 quarters or 2 halves.
An actual silver dollar (like a morgan or peace) has .77344 ounces in it. These hardy ever go for melt value though, unless they are extremly worn! |
Copper Penny Investing
www.portlandmint.com |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/15/2009 : 22:34:17
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Whats the ASW troy ounce per $1 face for 1968 50% Canadain silver?
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Copper Penny Investing
www.portlandmint.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 05/15/2009 : 23:41:19
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quote:
Originally posted by highroller4321
Whats the ASW troy ounce per $1 face for 1968 50% Canadain silver?
0.375 |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 05/15/2009 : 23:48:07
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quote:
Originally posted by Nickelmeister
quote:
Originally posted by highroller4321
Whats the ASW troy ounce per $1 face for 1968 50% Canadain silver?
0.375
Thank you for always being so helpful! |
Copper Penny Investing
www.portlandmint.com |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/15/2009 : 23:49:52
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There are about .375 Ounces Silver in $1 face of 1967/1968 50% Canadian Silver.
About 0.6 Ounces Silver in a $1 face of 80% Canadian Silver |
“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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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 05/16/2009 : 00:57:19
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quote:
Originally posted by jadedragon
I'll buy Canadian junk silver all day long at spot (coinflation being a handy calculator). So there is a market price for you.
Agreed. I just bought a handful of Canadian silver quarters for around spot and I don't see the downside. These are government coins with (for the most part) verifiable quantities of silver produced by one of the most well-known mints in the world. Its true that 99% of Americans can't recognize these coins; but then I'd guess that about 80% are unaware of the 90% coins of their own country. Both percentages will change rapidly once silver hits $30 (U.S.) an ounce. |
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keys
Penny Collector Member
383 Posts |
Posted - 05/16/2009 : 14:01:12
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"Its true that 99% of Americans can't recognize these coins;"
Are we talking Canadian silver or US Half dollars?
(Or Sacajawea dollars, or Susan B Anthony dollrs etc, etc.) |
I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 05/16/2009 : 14:24:45
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quote:
Originally posted by keys
"Its true that 99% of Americans can't recognize these coins;"
Are we talking Canadian silver or US Half dollars?
(Or Sacajawea dollars, or Susan B Anthony dollrs etc, etc.)
All of the above.  |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 05/16/2009 : 19:00:38
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| Dangit... We need to not let this get out. I have enough competition trying to pick Canadian Silver at spot.. |
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Value of Canadian Silver
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