Sell old Canadian Silver Coins | 1966 or earlier | KITCO (2024)

FAQs

Is this a good time to sell old silver coins? ›

All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.

You can buy or sell silver coins and other physical precious metals using our convenient online store, or by contacting our team of highly trained precious metals specialists. Backed by our global information network, Kitco has proudly served our customers since 1977.

SELLING IN STORE OR SHIPPING YOUR COLLECTION

In this way, Canadian Coin & Currency is better able to ensure that a qualified buyer will be ready to assist you. Appointments can be made by calling 1-888-236-2646 or by email [email protected].

The 1948 Canadian Silver Dollar (known examples: 1000?)

Its listed mintage was 18,780 but only a few have survived. Because of the extremely low production and survival rate, this is known as the "King of Canadian Silver Dollars".

You have several options, including local coin shops, online precious metals dealers, online marketplaces, and direct sales to collectors. Rare coins are best sold direct to collectors who may pay a healthy premium. If you need to sell a large quantity of silver coins, then a dealer is ideal.

Cleaning old coins might seem like a good way to revitalise the appearance of a treasured item, but could in fact reduce a coin's value significantly, and should be avoided. Particularly in the case of old precious metal coins, cleaning them is most definitely not recommended!

It's important to keep an eye on market conditions and to be aware of any trends or patterns in the price of silver. If the price of silver is rising, you may want to hold on to your coins a bit longer in the hope of making a larger profit in the future.

Selling your old Canadian or international silver coins for cash is a great way to earn some extra money. Here at Canada Gold, we've been buying and selling silver coins for years, and we've established a solid reputation for being one of the most reliable and trustworthy silver and gold shops in the country.

Are any old Canadian coins worth anything? ›

Most Canadian coinage is categorically inexpensive and easy to obtain from dealers who specialize in this material. However, some pieces are quite rare and valuable, with many of Canada's most sought-after coins commanding four or five figures. A few pieces even fetch more than $100,000!

Junk silver is also called face value silver; these silver coins are actually the currency coins that circulated in Canada and the U.S. until the 1960s. Silver appeared in Canadian coins until 1967 while the U.S. stopped using silver in 1964.

If you have unwanted Canadian coins, coins that U.S. banks and retail establishments won't accept, cash them in at Canadian Coin Exchange. Will buy your coins and convert them to U.S. cash fast and easy. Most U.S. banks do not accept Canadian coins. Canadian Coin Exchange does.

Bank of Canada Silver Dollar

The nickname of this is 'Emperor' and 'Holy Grail'. It is extremely rare as only pattern pieces existed, which were not meant for circulation. In 1965 it held a world record for being the world's most valuable coin. It is also the rarest in the country.

1936 Canadian "Dot" Penny

At a 2010 auction, a Canadian penny made headlines for fetching more than $400,000 USD. The reason for this high price tag was rarity. Only three such pennies are known to exist. What makes the penny special is that beneath the date, there is a tiny dot.

Coins from 1967 are all quite common, even in new condition, as a very large quantity were produced, and most were saved by collectors, and patriotic Canadians. So these are affordable to obtain, and fun to collect. The most valuable coin is of course the $20 gold, which sells for close to the gold value.

The Easiest Silver Products to Sell

Silver coins will prove the easiest to sell among bars, rounds, and coins since sovereign governments issue them. American Silver Eagles have been in consistently high demand over the last three to four years and are considered liquid even compared to other silver coins.

Refineries will purchase junk coins for their silver content to melt down. You may also be able to sell to local coin buyers, pawn shops, reputable silver-buying sites, and silver exchanges. These buyers may purchase your coins for melt value so you can get cash in hand.

Current Market Conditions

Market analysts currently predict that silver will soon price higher than gold. As consumer confidence increases after the Covid-19 lockdown protocols, silver consumption is expected to be sky high. Right now, the coming months will be the best time to sell your silver to maximize your profit.

Current Market Conditions

Market analysts currently predict that silver will soon price higher than gold. As consumer confidence increases after the Covid-19 lockdown protocols, silver consumption is expected to be sky high. Right now, the coming months will be the best time to sell your silver to maximize your profit.

Is it worth selling silver for cash? ›

There are a number of reasons we find these precious metals scattered around our homes. The good news is, selling your silver and gold can be a win-win – your metals get rehomed or recycled, and you get the benefit of its current cash value.

Silver coins possess a unique allure as their worth can appreciate due to the value of the silver metal, meanwhile their aesthetic appeal can further increase its value among collectors who appreciate a particular coin style. Plus, coin values increase based on scarcity (how rare the silver coins are).

According to the NGC Price Guide, as of June 2024, a Eisenhower Dollar from 1776-1976 S in circulated condition is worth between $9.75 and $11. However, on the open market 1776-1976 S SILVER Silver Dollars in pristine, uncirculated condition sell for as much as $7000.