Last updated on April 14th, 2021 at 03:49 am
Last Updated on April 14, 2021 Posted by Colonial Acres Coins
At Colonial Acres, we deal in the buying and selling of various precious metals including silver. For silver collectors, it is important to understand how the process works in Canada. By knowing how to buy and sell, you will be better equipped to make a profit on your collection. Our company buys silver coins throughout the world and can assist with the process of buying to help collectors invest in silver in a variety of ways.
As a buyer of silver coins, we buy items from around the world. We look at the silver content value and also look at the numismatic value to see which is better. We pay the higher of the two rates. This ensures top dollar for pieces that collectors or investors may be selling. We can help you add to your collection by providing quality silver coins based on content value as well as the numismatic value at an affordable investor rate.
For most countries, pure silver has stopped being produced for everyday circulation coinage. This stoppage took place from 1945 until 1970. Great Britain produced sterling silver coins until 1919 then switched to 50% silver coins until 1945. The United States produced coins consisting of 90% silver until 1964 and then it was only the 50 cent pieces that continued to contain clad 40% silver from 1965 until 1970. For Canada, sterling silver coins were produced until 1919 when the silver content was dropped to 80% until 1966. In 1967, the Royal Canadian Mint decided to create the Centennial commemorative issues which had split mintage of 80%/50% with the 10 cent and 25 cent coins. The 50 cent and $1 coins still contained 80% full silver rates.
With the varying percentages of silver content used in coins from around the world, it is important to know what you are buying. A qualified dealer like Colonial Acres has the know-how to look at a silver coin and determine the content value as well as the numismatic value. Today’s silver coin prices are quite high and silver coins you own might be worth quite a bit of cash. You can easily sell your silver and earn a cash payout based on the overall value of your pieces. You can also buy items and hope that the price of silver continues to increase in order to make a profit when you sell silver coins.
Types of coins that contain silver and can be purchased or sold include:
- Silver Maple Leafs
- Royal Canadian Mint commemorative coins
- Most Canadian coins struck before 1968
Recognized Silver Bullion to buy or sell:
- Canada Maple Leaf Coin
- US Silver Eagle Coin
- Johnson-Matthey (JM)
- Royal Canadian Mint Issued Bullion
- And more
As a buyer, you can benefit by obtaining a collection of silver coins that can increase in value over time. The goal is to begin collecting coins that you find interesting but also based on silver content and if numismatic value or historical value if present. With silver prices constantly changing, you can easily buy when pricing is low and sell when values are high to make a profit.