Canadian Silver Coins

[snake35]

Is anyone else adding junk (80%) Canadian coins to their silver holdings? I bought several hundred dollars worth today at .50 each melt is .8177 according to Coinflation. It was a one time deal from a local flea market or I would have bought more.

 

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[jim4silver]

Is anyone else adding junk (80%) Canadian coins to their silver holdings? I bought several hundred dollars worth today at .50 each melt is .8177 according to Coinflation. It was a one time deal from a local flea market or I would have bought more.

Does this mean you bought Canadian silver dimes for 50 cents each? I am not sure what you are saying in the post. If so, looks like you got a very good deal based on current silver prices.

I only have Canadian silver dollars in my stash. I bought a nice amount after silver tanked in the summer and got a good deal on them. Many are BU and the rest are in good shape with some early years included (none of the rare ones though). I could sell them all now for a nice profit but I think as silver goes up higher they might get an extra boost like the old US silver dollars have had for a while.

Just make sure you know the correct years and compositions since some (dimes and quarters) were only 50% silver I believe in the last years of production.

Jim

 

[snake35]

I purchased 425 of the dimes. All were 1966 or earlier (1920-1967 are 80%) (1967-1968 are 50%) I normally stick with American junk silver. I was more wondering if other people here on this forum bought it for its bullion content. Also how liquid it is compared to American junk silver. The two dealers in my area are impossible to deal with.

 

[jim4silver]

I purchased 425 of the dimes. All were 1966 or earlier (1920-1967 are 80%) (1967-1968 are 50%) I normally stick with American junk silver. I was more wondering if other people here on this forum bought it for its bullion content. Also how liquid it is compared to American junk silver. The two dealers in my area are impossible to deal with.

It should be fairly liquid. I have not sold any of mine, but I was told by one of my coin dealers who I have much trust and respect for that as long as the coins are at least 80% silver that you buy, they are not hard to sell to refiners. He said that the refiners will not pay him much for anything with a silver content less than 80%, which I found out after I bought some old Mexican coins that were .720 and .500 when I told him about my purchase (I had bought from another dealer).

You can try to sell them to Apmex if you cannot find a local dealer. I have never bought or sold over the net but these guys have a great reputation from what I have heard.

As long as you can get such a good deal, I would keep buying it if possible. It is nearly impossible to buy silver at spot anymore, but buying below spot is great.

Jim

 

[snake35]

I am not planning on selling any silver/gold right now. I am having trouble finding any to purchase. I will not pay the premiums on eagles or maples. Thanks for your input, especially on the Mexican coins.

 

[allen]

finally an answer to my question
about canadian silver, so it is
only 80% silver, not 90%?

 

[ivan salis]

1919 and before canadain coins were 925 or 92.5 % pure (sterling)* -- from 1920 to 1966 reduced to 80% --in 1967 & early 1968 50% with the ending of silver in late 1968

us coins were 90% till 1964 after that only the halfs were 40% from 65 thru 70

hope this helps

 

[allen]

it sure does, i appreciate it...

 

[jim4silver]

1919 and before canadain coins were 925 or 92.5 % pure (sterling)* -- from 1920 to 1966 reduced to 80% --in 1967 & early 1968 50% with the ending of silver in late 1968

us coins were 90% till 1964 after that only the halfs were 40% from 65 thru 70

hope this helps

To add: some proof halves from the 90s on are 90 percent silver. They are kind of rare to find CRHing but do pop up from time to time. Easy to spot because their rims glow silver compared to 64s and prior.

Jim

 

[ivan salis]

I was speaking about standard "normal" pocket type canadian and us coinage --- proof coins are a differant matter*

 

[ken(Toronto)]

Canadian Silver coins, pre 1966, is worth 65 cents per 10 cents face value today:

https://online.kitco.com/refining/index_refine.html

Ken