Hi, Does anyone know if any circulated Canadian coins contain silver? I know that pre 1964 U.S. coins do and wanted to know if Canada also has them. Thanks for any help you could give me!
Canada removed silver from its circulating coinage in mid-1968. Some of Canada's 1968-dated 10-cent and 25-cent pieces were minted in .500 fineness. These were the last silver circulating coins before they were minted in pure nickel. Fifty-cent and one dollar coins were only minted in nickel in 1968.
Thank you Dennis68 and onecenter. I have a bag of old Canadian coins I am going to search through right now!
Sounds like a lot of fun! When I began collecting coins in 1969 when I lived in upstate New York, Canadian silver could be found often. Pulled lots of goodies out of circulation back then.
For Canadian silver from 1920-1967, it was .800 Ag fineness. That makes each face dollar equal to .6 troy oz of silver, if you are looking to scrap any of it. Count up how much in face value that you have, multiply it by .6 and you have full silver oz when minted and new. Multiply that number by the current silver price (US dollars) ... dealers then will give 82-90% of that full silver price. Scrap silver coins are always lighter than the day they were minted. Dealers aren't taking 10-25% off the top .. they need a small profit and aren't buying a "weighed" product .. it is only estimated by face dollars.
