Value
When determining a coins value ther are many things to consider. Some things that may improve a coins value are:
1.Mintage, The less made the higher the price in every grade will be. for example the mintage for a 1991 quarter is 459 000 where as in 1990, there was over 30 000 000 minted. Since the 1991 Canadian quarter has a lower mintage than the 1990 quarter, it is more valuable and in higher demand.
2.Precious metal content. If a coin has precious metal content such as silver or gold the price will be higher in just bullion value (BV) alone. All pre-1967 canadian dimes, quarters, 50 cents and dollars have some silver in them. You can determine the silver value of a coin by multiplying the weight of silver in the coin by the current silver price.
3. Grade. The higher the condition of a coin, the more valuable it will be. Higher grade coins are a lot more valuable than lower grade coins because, less coins would have survived in the better grades. The minimum grade of a collectable coin depends on its age. A coin minted less than 50 years ago must be in Mint State condition to have any collectors value but, a coin minted over 100 years ago is still collectable in the lowest conditions. For example, pre-1920 pennies in EF-40 can be worth up to $5.00 but a new penny in EF-40 is only worth one cent.
1.Mintage, The less made the higher the price in every grade will be. for example the mintage for a 1991 quarter is 459 000 where as in 1990, there was over 30 000 000 minted. Since the 1991 Canadian quarter has a lower mintage than the 1990 quarter, it is more valuable and in higher demand.
2.Precious metal content. If a coin has precious metal content such as silver or gold the price will be higher in just bullion value (BV) alone. All pre-1967 canadian dimes, quarters, 50 cents and dollars have some silver in them. You can determine the silver value of a coin by multiplying the weight of silver in the coin by the current silver price.
3. Grade. The higher the condition of a coin, the more valuable it will be. Higher grade coins are a lot more valuable than lower grade coins because, less coins would have survived in the better grades. The minimum grade of a collectable coin depends on its age. A coin minted less than 50 years ago must be in Mint State condition to have any collectors value but, a coin minted over 100 years ago is still collectable in the lowest conditions. For example, pre-1920 pennies in EF-40 can be worth up to $5.00 but a new penny in EF-40 is only worth one cent.
Value Charts
To view a chart with values of all Canadian coin denominations in all grades, go to: http://www.coinsandcanada.com/coins-prices.php
to use this guide, click on the denomination and year range of the coin you are pricing, and then look your coin's specific date and condition for the value of the coin.
to use this guide, click on the denomination and year range of the coin you are pricing, and then look your coin's specific date and condition for the value of the coin.
Selling Coins
If you decide to sell your coin, there are many ways yo can go about doing it. Here are some of my recommendtions:
1. Sell it to a local coin dealer. This may be one of the best options because they can grade it and find its price but, they have to pay less than the full value so they can re-sell it and make a profit.
2. Sell it at an auction. Auctions can be a very profitable option because a lot of coin collectors visit auctions and bid against each-other to raise the price. The downside is that the auctioneers may take a big cut of your sales.
3. Lastly, sell it directly to the collector. You can advertise your coins online, or in the newspaper.
1. Sell it to a local coin dealer. This may be one of the best options because they can grade it and find its price but, they have to pay less than the full value so they can re-sell it and make a profit.
2. Sell it at an auction. Auctions can be a very profitable option because a lot of coin collectors visit auctions and bid against each-other to raise the price. The downside is that the auctioneers may take a big cut of your sales.
3. Lastly, sell it directly to the collector. You can advertise your coins online, or in the newspaper.
Reccomended Websites
Coin Collecting Guide - a guide and information about coin collecting: coin values, worth & prices, old, antique, ancient & rare coins, silver & gold coins for sale, bullion, valuable coins, collectors coins, price guide, banknotes & numismatics. We publish coin articles & feeds for coin news.