A local guy is offering me 20 silver canadian dollars, all pre 67 in about xf condition. He said he would sell them to me for $375 dollars which is melt according to coinflation, is this a good deal or should these be sold below melt since they are 80% silver and not 90% like morgans...any advice is appreciated.
Coinflation takes the percentage into account. $375 is $1.08 over melt right now. It's a fair deal. http://www.coinflation.com/canada/
Don't buy them thinking you're getting a great deal. Buy them if thats what you are in the market for.
A face dollar (of whatever denomination) of Canadian is .6 troy ounces, so you are getting 12 oz with your 20 silver dollars.... so you are paying a little more than $21 an Oz. With the way that Canadian dollars are going to the smelt, I'd say it's a good deal and keep them, if they are all XF or above.
Yea I was wanting some canadian dollars for a while now to go along with my american silver dollars, thanks guys
If you were planning to sell them for melt at some point in the future, I'd say "no" -- I'd expect 80% silver to continue trading at a discount to 90%. But if you want them as numismatics, that's not necessarily relevant.
