FAQs
Canadian Silver Coin Melt Values - Single Coins? ›
People usually sell silver coins for melt value when they are common or in bad condition. Many people hold onto silver coins without realizing the potential cash they could gain by selling them for their melt value.
What is the melt value of Canadian silver coins? ›Canada Coin Melt Values
| Description | Face Value | Silver Value (USD) |
|---|---|---|
| 1920-1967 Quarter | $0.25 | $4.1504 |
| 1967-1968 Quarter (50% silver) *** | $0.25 | $2.5940 |
| 1920-1967 Half Dollar | $0.50 | $8.3009 |
| 1935-1967 Dollar | $1.00 | $16.6019 |
Silver Coins
| Canadian Silver Coins | Price |
|---|---|
| Silver Maple Leaf Coin | $39.38/oz |
| Silver Maple Leaf Coin (2015 or Later) | $39.62/oz |
| 1919 and Earlier Coins (92.5% pure silver) | $20.06/dollar $0.87/g |
| 1920-1966 Coins (80% pure silver) | $17.35/dollar $0.75/g |
Melt Values of U.S. Silver Coins
| Coin | Composition | Melt Value Updated 8/8/2024 |
|---|---|---|
| Peace Dollar (1921-1935) | 90% Silver | $21.43 |
| Eisenhower, Silver (1971-1976) | 60% Copper, 40% Silver | $8.76 |
| American Silver Eagle $1 (1986-Date) | 99.93% Silver | $27.71 |
| America the Beautiful 5 Ounce Silver (2010-Date) | 99.93% Silver | $138.55 |
People usually sell silver coins for melt value when they are common or in bad condition. Many people hold onto silver coins without realizing the potential cash they could gain by selling them for their melt value.
Is it legal to melt Canadian silver coins? ›Is it illegal to melt or deface Canadian coins? The Currency Act and The Canadian Criminal Code clearly state that no person shall melt down, break up or use otherwise than as currency any coin that is legal tender in Canada.
Can you sell Canadian silver coins? ›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.
How much will a coin shop pay for silver coins? ›Most bullion dealers will offer about 95 percent of the spot price, though this will vary depending on market conditions. If you have a large lot to sell or products the dealer is in short supply of at the time, you might fetch a higher resale premium.
How to calculate the melt value of silver coins? ›To calculate the melt value of this coin, you simply multiply the silver weight times today's spot price.
How many ounces of silver are in a Canadian silver dollar? ›Each $1 face value silver dollar contains 0.6 ounces of pure silver. Year and condition may vary but weight and purity are guaranteed.
Is it worth melting silver coins? ›
Some Collectible Coins Have a Higher Value
However, some silver coins are worth even more than the value of the silver in the coin. Called collectible or numismatic coins, these are coins collectors will pay extra for due to their rarity or age. Melting them down would be a waste of money.
Pennies and nickels contain copper, zinc, and other metals that are of great monetary value. It is because of this that melting down these metals for the sole intention of selling to offshore or local metal scraping industries is illegal.
How can I sell my silver coins for the most money? ›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.
How much is a 1965 Canadian silver dollar worth today? ›1965 $1 Dollar -Silver coins
| $1 Dollar -Silver | Value Range |
|---|---|
| $1 Dollar -Silver | Value Range |
| 1965 $1 Type 2, Medal Alignment MS | $19.25 - $585 $19.25 - $585 |
| 1965 $1 Type 2, Coin Alignment MS | $14,400 - $14,400 $14,400 - $14,400 |
| 1965 $1 Type 3 MS | $19.25 - $260 $19.25 - $260 |
Some Collectible Coins Have a Higher Value
However, some silver coins are worth even more than the value of the silver in the coin. Called collectible or numismatic coins, these are coins collectors will pay extra for due to their rarity or age. Melting them down would be a waste of money.
The Canadian Numismatic Company is the leading dealers in collector coins, tokens and paper money in Canada. With several professional numismatists, we are able to help to all levels of collectors and investor clients.