CPM Forum
Coins, Bullion, Medals, etc. => Canadian Coins => Topic started by: sinjen on June 26, 2014, 03:10:29 pm
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Hi All,
I am an extreme newbie and I need help deciding what to do.
My dad gave me a gift for my birthday which was my old silver coin collection that I started when I was a kid.
It had maybe a hundred silver coins in it.
I didn't know he kept it and has been adding to it since then, maybe 20 years?
He had a store so whenever he saw one he just put it aside and added to the collection.
How do I go about finding the worth of it? should I sell it? auction it?
Thanks for your help in advance.
Cheers,
E
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How do I go about finding the worth of it? should I sell it? auction it?
Thanks for your help in advance.
Cheers,
E
Silver coins are worth more than face value. They are all 10¢, 25¢, 50¢ and $1 dated 1967 and earlier including some 1968 10¢ and 25¢. The better the grade they can all be worth a decent price. It would be a good idea to get hold of the Charlton standard catalogue of Canadian coins Volume 1. The current edition is the 2014 68th edition and sells for $24.95. Available at chapters and chapters online. The 69th edition should become available in september.
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Thanks very much.
Would it make sense to catalogue each one if they are for the most part circulated?
I hear there are differing opinions on getting the cleaned or something like that.
Also I have some that are sparkling clean but not UNC.
I have them separated into years but not individually.
Should I spend the time or just try to bring them in to get melted. I do have some old ones, I think 1918 or so.
Cheers,
Eddy
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Whatever you do, do NOT clean any of them. If there happens to be a rare coin in there and you clean it, you may erase more than dirt or oxidization. You could easily remove three quarters of the value. Imagine if you had a $2000 coin that was instantly worth $500. You would not be a happy camper.