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DODI Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 11:13 AM
Original message
Any coin collectors out there?
My mother-in-law just gave us a bag of Canadian coins to cash in in Canada. My late father-in-law was an avid collector. Some look uncirculated and I would rather not just cash them in at a bank. Is there anyone out there that knows of a good coin dealer in the Montreal/Mont Trembant area? Should we look for a dealer here in Connecticut? My husband and I know nothing about coins. Any help would be greatly appreciated.

Thank you!
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 11:20 AM
Response to Original message
1. try a google
Are they precious metal coins, or the adulterated stuff we've used for many years?
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DODI Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 11:49 AM
Response to Reply #1
2. Some 80% silver
other are marked as alloy. They seem to be "special issue" type coins, marking the cenntential and salmon.
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 11:55 AM
Response to Reply #2
3. a google of coin dealers
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 12:30 PM
Response to Original message
4. I know quite a bit about Canadian coins
What do you have, exactly?
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DODI Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 07:37 PM
Response to Reply #4
5. Nothing to exciting, but here we go
1. 1967 QEII with a bobcat or lynx (uncirculated) - one roll

2. 1962 QUII uncirculated pennies

3. 1964 QII " "

4. 1970 half dollar

5. 1970 uncirculated nickels

6. 1970 dime

7. 1969 dimes

8. 1977 half dollar

and a roll of coins I can't find at this moment that had a fish on the back..

Most look to be uncirulated.

Any ideas on what I should do? Any help would be greatly appreciated.

Thanks!

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FarLeftRage Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 09:02 PM
Response to Reply #5
6. Item #5 on your list
1970 uncirculated Canadian Nickels are worth a premium about two dollars above face value. A "semi-key" modern date amoung collectors.

Item #1, a 25 cent Centennial (1867-1967) is silver and worth more than face value.

The last item coins with a fish are 10 cent Centennial coins and are silver. Again, worth more than face value.

Find a reputable dealer who will offer you a good price for them...
unless you intend to keep them.

All the others of minor interest to collectors.
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DODI Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-09-03 09:22 PM
Response to Reply #6
7. Thank you very much
I think we may keep them. The coin thing was very important to my father-in-law. It made me sad to think of my mother-in-law just wanting to get them out of the house. I think we will hold on to them. Once again, thanks for your time.
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Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Aug-10-03 12:08 AM
Response to Original message
8. For what it's worth
Your rolls of commemorative silver coins are probably worth around 2.5 to 2.8 times face value, depending on the dealer and the precise condition of the coins. I got a nice roll of original bank-wrapped 25 cent lynxes for $25 a decade ago, and the last time I checked, they hadn't gone up in value (like nearly any Canadian commemorative coin from 1960 onward). The 1970 nickel is a better date and commands a premium, which can vary greatly depending on the precise condition of the coins. For example, if they are in the exact same condition they were in when they left the mint, they could be worth a couple of bucks, but if they have any blemish, gray patches (indicating circulation), etc., they would be worth much less.

When the GST was implemented in 1991, it almost killed the walk-in coin industry in Canada, because who would want to pay 13% tax (plus dealer's mark-up) on something that they may have considered an investment? The government might have made some concessions since then, but the Canadian market still appears to be at nearly the same levels it was at 10-15 years ago. Anyone want to buy some Montreal Olympics silver commemoratives for face value?

Finally, while you're in Montreal, even if you don't want to sell your coins, you might want to pick up a copy of Canadian Coin News to get a feel for the coin market in Canada. Here is a list of dealers in the Montreal area that carry this publication:

http://www.canadiancoinnews.ca/nushop.html#qu
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