Toronto area appraising?

General discussions on the canadian coins.
guin1060
Posts: 5
Joined: Tue Feb 21, 2012 11:45 am

Toronto area appraising?

Postby guin1060 » Tue Feb 21, 2012 11:56 am

Hey guys, I inherited an old collection of mostly Canadian coins. It is a little overwhelming trying to make sense of the value of the collection and was hoping for some help. Is there anyone in Toronto area that would be willing to go for a coffee and try to assist me as to how to value the coins. Thank you in advance.

I could also send some picture to anyone interested in helping.

Bill in Burl
Posts: 555
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: Toronto area appraising?

Postby Bill in Burl » Tue Feb 21, 2012 3:12 pm

It all depends on the number that you are talking about. If it's more than 25-30, then I would suggest that you first either buy, or get from a library, a copy of Charlton's or Haxby's Canadian coin guide. Just use it to set aside those that look like they have a substantial premium over to others that are similar. In each of those books is also an introductory guide to grading. Initially, just try to tell if your coin is closer to VF-20 or to AU-50. It will be the actual grade of the coin, not its age, that will tell what they are worth. Once you have weeded out all the "common" coins and those that may be high grade .. that's when you need to ask someone to coffee. Once you have coins AU-50 or better, you will need someone who has experience to tell you what you have. The prices in most annual guides are full retail prices and you should expect 40-50% of that listed. If you get a copy of Canadian Coin News with Trends, then you should be able to sell to another collector at 60-70% of the listed Trends.... to a dealer about 50%. You can get an actual dealer/appraiser to look at your stuff for a price, not coffee .. they do that as a living. It's much better for you to do some weeding first, and then find someone local .. I'm Burlington.
Bill in Burl

guin1060
Posts: 5
Joined: Tue Feb 21, 2012 11:45 am

Re: Toronto area appraising?

Postby guin1060 » Tue Feb 21, 2012 9:23 pm

Bill,

I'm going to take you up on your advice. Are you an avid collector yourself?

Here is a quick rundown of some of the coins that are in it, just listing them, grading I'm thinking is EF-40 or above (they are circulated for the most part but very little or no wear).

7 - 1965 Dollar Coin
2 - 1966 Dollar Coin
2 - 1967 Dollar Coin
2 - 1971 Dollar Coin
1 - 1975 Dollar Coin
1 - 1976 Dollar Coin
3 - 1980 Dollar Coin
6 - 1981 Dollar Coin
2 - 1983 Dollar Coin
1 - Montreal 1976 Olympiade XX1 (world map) Coin (1973?)
1 - 1958 50 cent piece
1 - 1961 50 cent piece
2 - 1963 50 cent piece
2 - 1964 50 cent piece
2 - 1974 50 cent piece
2 - 1976 50 cent piece
2 - 1943 tomback nickels
1 - 1876 - Penny
1 - 1842 Bank of Montreal 1 cent Bank Token?
1 - 1852 (quebec) 1 cent bank token
1 - 1894 1 cent
1 - 1928 25 cent coin
1 - 1929 25 cent coin
1 - 1950 5 cent piece
1 - 1976 5 cent piece
1 - 1973 25 cent piece

+ a ton of international coins and Canadian bills.

Bill in Burl
Posts: 555
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: Toronto area appraising?

Postby Bill in Burl » Wed Feb 22, 2012 5:21 am

Anything after 1967, put in your pocket and spend at Tim Horton's. I would highly recommend that you check out a copy of the 2012 Charlton coin guide from the library (or spend $25 to buy one) that has a variety section in the back on dollars .. a few of your 1965's have a possibility of being something more than scrap silver. Anything 1968 or later is just a coin to be spent at face.

The 65-67 dollars, the '76 Olympic, and the pre-67 50 cents will be 88-90% scrap silver price at a local coin show. Each face dollar value for your coins is .6 troy oz of silver. With silver at $34.20 US, full scrap would be $20.40. A dealer will give you about 90% or AU/UNC coins, so they would be worth about $19 for every total dollar that you have. Unless the '65 dollars are something special, the only things with any collector value, that you have listed are the 2 25 cent pieces. Take them to a coin show and they will be worth more than scrap. The Tokens and '76 large cent are common (unless a scarce variety) and you should hang on to them, give them to the kids, nieces/nephews, or paper carrier for a little slice of history. The 1894 large cent is collectable and might buy you a beer or two. If the tokens are EF (actually) or better, then there is a market for them .. take them to the next Torex or Geoff Bell auction this summer in T.O.and talk to a few dealers. You won't get rich on the Tokens but they should be double digit folding money.
Bill in Burl

Warren
Posts: 2
Joined: Wed Feb 22, 2012 1:03 pm

Re: Toronto area appraising?

Postby Warren » Fri Feb 24, 2012 9:13 pm

Also a new guy here. Thanbks for this info re 1968 & up coins are face value.

Warren


Return to “Canadian Coins”

Who is online

Users browsing this forum: No registered users and 1 guest