Sell silver coin
I have a box of 1965 Canadian 50 cent pieces - 80% silver
Local coin dealer buys for $7.50 each now.
Can I do better ?
Where ?
thx
Local coin dealer buys for $7.50 each now.
Can I do better ?
Where ?
thx
Sell silver coin
- Last Updated:
- Feb 20th, 2021 11:11 pm
Tags:
- SCORE
- David MacF [OP]
- Newbie
- Dec 14, 2008
- 84 posts
- 11 upvotes
- Brampton
silver
12 replies
- rcmpvet
- Deal Addict
- Oct 13, 2014
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As of yesterday the MELT value is $10.25 CDN.
https://www.coinsandcanada.com/coins-pr ... -value.php
FYI this is not a collectors' coin and the most you will get for an uncirculated one is the melt value. That said you will not get the melt value as the buyer would still want to make a profit as well.
https://www.coinsandcanada.com/coins-pr ... -value.php
FYI this is not a collectors' coin and the most you will get for an uncirculated one is the melt value. That said you will not get the melt value as the buyer would still want to make a profit as well.
Last edited by rcmpvet on Feb 20th, 2021 12:28 pm, edited 1 time in total.
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- sherman51
- Deal Addict
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- Mar 23, 2011
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- Etobicoke
There are two facebook groups I know of, one that they only buy Silver, another that collect canadian coins. You probably would get best value selling there.
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- David MacF [OP]
- Newbie
- Dec 14, 2008
- 84 posts
- 11 upvotes
- Brampton
That's a huge spread ! thx
- Guest033746887
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- Jun 26, 2011
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PM sentDavid MacF wrote: ↑ That's a huge spread ! thx
- Kiraly
- Deal Expert
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- Jan 9, 2011
- 18731 posts
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- Vancouver
$7.50 is very low. J&M would pay you $9.29 each right now. https://jandmcoins.com/priority_prices_pmfDavid MacF wrote: ↑ I have a box of 1965 Canadian 50 cent pieces - 80% silver
Local coin dealer buys for $7.50 each now.
Can I do better ?
Where ?
thx
There must be silver buyers in Ontario come closer to what J&M would pay.
- Shoppersbeermart
- Deal Addict
- Dec 26, 2008
- 1079 posts
- 650 upvotes
How many ounces of silver in those coins?
For me, I find the opposite problem. Looking to buy physical silver. I don’t need a collectible. I just like the silver. Street price for silver seems around 40-50 per ounce. Cdn dollars. Sometimes more.
For me, I find the opposite problem. Looking to buy physical silver. I don’t need a collectible. I just like the silver. Street price for silver seems around 40-50 per ounce. Cdn dollars. Sometimes more.
- David MacF [OP]
- Newbie
- Dec 14, 2008
- 84 posts
- 11 upvotes
- Brampton
Shoulda Googled a bit more . Key word is refining . There is one in Brampton . I suspect I will do better there . https://www.generalrefining.ca/
- David MacF [OP]
- Newbie
- Dec 14, 2008
- 84 posts
- 11 upvotes
- Brampton
https://www.providentmetals.com/knowled ... coins.html
Silver Bullion Content 0.2925 troy ounces of silver per coin (80%)
0.1187 troy ounces of copper per coin (20%)
Silver Bullion Content 0.2925 troy ounces of silver per coin (80%)
0.1187 troy ounces of copper per coin (20%)
- Kiraly
- Deal Expert
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- Jan 9, 2011
- 18731 posts
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- Vancouver
50¢ coins from 1920-1967 are 80% silver and weigh 11.66 grams, so contain about 9.3 grams of silver, or 0.30 troy ounce. J&M will buy them for $9.29 and sell them to you for $10.91. If your "street price" for 0.3 oz of silver is $12-15, you need to find a new street!Shoppersbeermart wrote: ↑ How many ounces of silver in those coins? For me, I find the opposite problem. Looking to buy physical silver. I don’t need a collectible. I just like the silver. Street price for silver seems around 40-50 per ounce. Cdn dollars. Sometimes more.
- Shoppersbeermart
- Deal Addict
- Dec 26, 2008
- 1079 posts
- 650 upvotes
Wait this doesn't make any sense, since silver price is roughly 27 per ounce and FX is roughly 1.26, than the paper price is roughly 34 CDN per ounce. That makes 10.91 for .3 troy ounce roughly equal to the paper price.
- Guest033746887
- Deal Expert
- Jun 26, 2011
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Almost a certainty they will pay less than a private buyer.David MacF wrote: ↑ Shoulda Googled a bit more . Key word is refining . There is one in Brampton . I suspect I will do better there . https://www.generalrefining.ca/
- Guest033746887
- Deal Expert
- Jun 26, 2011
- 15096 posts
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Makes perfect sense. 10.91*3.33333 = approx 36.36 that they will SELL for per oz on Junk. You are probably seeing SMLs and ASEs for $40+.... nice .999 coins always sell for more than junk silver. That dealer is buying for 30.96/oz on Junk so they are making a spread of $5.40 on every oz of junk they buy and sell at those ratesShoppersbeermart wrote: ↑ Wait this doesn't make any sense, since silver price is roughly 27 per ounce and FX is roughly 1.26, than the paper price is roughly 34 CDN per ounce. That makes 10.91 for .3 troy ounce roughly equal to the paper price.
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