Uncovering the Value in Your Canadian Silver Dollar Collection
Determining the Value of Your Canadian Silver Dollars
You must investigate to establish the value of your Canadian silver dollars.
First, check the date. Coins from 1935 to 1967 are worth at least their melt value since they contain 80% silver. 1968 and subsequent coins are collectible, not silver.
Check the condition next. Mint, uncirculated coins are worth more than worn ones. Small features like picture hair and maple leaf leaves indicate condition.
Consider exceptional features last. The 1947 blunt 7 and 1949 overdates are rare and expensive. Collectors like die cracks, duplicated dies, and other faults.
The easiest technique to set an asking price is to analyse previous sales of similar coins in the same condition. Search eBay's “sold” listings and Canadian Coin News Trends. View dealer and private seller prices for coins like yours.
Rare Canadian Silver Dollars
Royal Canadian Mint silver dollars are among the most precious and rare silver coins in the world.
1967 Canada Goose Silver Dollar: The Canada Goose cost $1, a wolf cost $50, a wildcat cost $25, a mackerel cost $10, a rabbit cost $5, and a dove cost $1.
1948 King of Canadian Silver Dollars: Production issues made the 1948 Silver Dollar rare. It auctioned for $58,800 CAD in 2002.
1947 Maple Leaf Silver Dollar: Similarly, the 1947 Silver Dollar was rare due to production difficulties until 1948. Silver Maple Leaf auctioned for $51,000 CAD in 2006.
Searching may provide a rare diamond worth more than melt value. Common Canadian silver dollars include silver; therefore, their basic value will always be at least the metal price.
If you investigate, your collection might be profitable!
Tips for Finding Rare and Valuable Canadian Silver Dollar Coins
Check the Mint Mark: Some mints made more valuable Canadian silver dollars, as shown by their mint marks. The Heaton Mint's “H” mint mark and Ottawa's no mint mark is rarer. More prevalent is the Philadelphia Mint "P".
Examine the Condition: Coin values are highly dependent on their condition. Collectors prefer uncirculated, well-preserved coins. Find unblemished coins. Perfect coins can fetch hundreds more than worn ones.
Check the Year: Rare dates command higher pricing. 1948 (the first silver dollar year), 1949, and 1950 stand out.