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  • Feb 20th, 2021 11:11 pm
[OP]
Newbie
Dec 14, 2008
79 posts
6 upvotes
Brampton

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
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silver
12 replies
Deal Addict
Oct 13, 2014
2544 posts
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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.
Last edited by rcmpvet on Feb 20th, 2021 12:28 pm, edited 1 time in total.
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Deal Addict
User avatar
Mar 23, 2011
2002 posts
1074 upvotes
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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Deal Guru
User avatar
Jan 9, 2011
14045 posts
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Vancouver
David 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
$7.50 is very low. J&M would pay you $9.29 each right now. https://jandmcoins.com/priority_prices_pmf
There must be silver buyers in Ontario come closer to what J&M would pay.
Sr. Member
Dec 26, 2008
822 posts
525 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.
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Jan 9, 2011
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Vancouver
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.
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!
Sr. Member
Dec 26, 2008
822 posts
525 upvotes
Kiraly wrote: 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!
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.
Deal Guru
Jun 26, 2011
14629 posts
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GTA
Shoppersbeermart 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.
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 rates

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