in canada junk silver sells for underspot

Discussion in 'Bullion Investing' started by djsmalls, Jan 6, 2013.

  1. djsmalls

    djsmalls Member

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  3. Tinpot

    Tinpot Well-Known Member

    U.S. or canadian, and from a dealer or private transaction? What percentage of spot is it going for?
     
  4. djsmalls

    djsmalls Member

    both canadian and us and other country junk silver.

    but not all stores sell them for slightly underspot, only the big dealers
     
  5. Revi

    Revi Mildly numismatic

    Even around here I sometimes pick up Canadian quarters and dimes at under the spot price. Canadian is strange because for the "junk" it's around 80% and in 1968 it went to 50% (for one year). I have even bought some 92 1/2% for below spot prices. People don't know what it is, so they will sell for less. I have decided to focus on Canadian for a while, since the other stuff is getting pricey. It's easy to figure it out too. A quarter is five bucks, a half is ten and a dime is only around 2 bucks. I even saw some Canadian 80% silver dollars for around $20 in a coin shop. That's at around melt.

    Please disregard this message if you live in Maine. I really don't know what I'm talking about. (and I don't want anyone else driving the prices up around here)

    Here's the easy way to figure out what Canadian silver is worth:
    http://www.coinflation.com/canada/
     
  6. pballer225

    pballer225 Member

    They actually changed the composition from 80% to 50% sometime mid 1967. 1967 dimes are either made of 50% or 80% silver. 1968 dimes are either 50% silver, or have no silver at all.
     
  7. SPP Ottawa

    SPP Ottawa Numismatist

    You realize, this means you have to start eating back bacon, maple syrup and become hockey-crazy while wearing a toque that has 'Ski-doo' written on it...
     
  8. adric22

    adric22 Member

    I've just become familiar with canadian silver the last few days (since it was mentioned in another thread) and I've been trying to find some on eBay. I am particularly interested in the 50% silver pieces such as the quarters. Having a hard time finding any, though.
     
  9. SPP Ottawa

    SPP Ottawa Numismatist

    I honestly don't know the source of this photo, but how appropriate!

    24c_Bob_Doug.jpg
     
  10. djsmalls

    djsmalls Member

    why the 50%?
     
  11. omarf1

    omarf1 New Member

    In Canada people prefer .999 and .9999. SML and ASE.
     
  12. djsmalls

    djsmalls Member

    i have seen a guy at a coin show buy $20,000 worth of canadian junk, it was crazy.
     
  13. omarf1

    omarf1 New Member

    I will never buy at a coin show. I bought only 2 onces when i started my collection at Mtl CS. Crazy prices !
     
  14. djsmalls

    djsmalls Member

    yea I know what you mean, you just have to find the right dealers that mainly deal in bullion, not numismatics.

    the guy who bought 20 grand worth of junk payed around 80% of spot.
     
  15. Coinstruck

    Coinstruck ANA BR-3167585


    I get it, like a Two-four eh?

    For non-Canadians: a two-four is a case of beer. Pronounced too-fer.
     
  16. Cazkaboom

    Cazkaboom One for all, all for me.

    But... What about Curling???
     
  17. djsmalls

    djsmalls Member

    curlings is for ladyboys lol
     
  18. SilverForLife

    SilverForLife Member

    I for one like Canadian silver.....time for some Canadian bacon:hail:
     
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