A community-oriented approach with a progressive editorial stance, striving for transparency and encouraging readers to consider multiple perspectives.

Friday, May 23, 2025
booked.netCall us at 613-935-3763
Eco-conscious : Print an issue, plant a tree! 

No products in the cart.

  • About
    • Contributors
    • Disclaimers
    • Terms & Conditions
    • Giving back
    • Mission Statement
    • Past Issues
    • Where to Find
    • Call us at 613-935-3763
The Seeker - Positively Local, Suporting Local
  • Home
  • News
  • The Soapbox
  • Columnists
  • Events
  • Advertise!
    • Online
    • In Print
  • Puzzles
  • Videos
Seeker
No Result
View All Result

Canadian Coins & Monies

John Grow by John Grow
May 12, 2023
in Columns, For What it's Worth
Reading Time: 6 mins read
0
antique bills business cash

Photo by Pixabay on Pexels.com

“A penny for your thoughts”. The first known use of it is by Sir Thomas More in ‘A Treatyce upon the last thynges’, circa 1535. Fast forward to 2023, that penny is now worth approximately $43.00 Canadian. So what is the value of all the bottles of pennies, and other coins that have been collected over the years?

Interesting note: In any coin collection, 1% to 2% might be very valuable. 5% to 10% will represent moderate to high value. 30% will have value more than the melt value of the silver content. 60% of the coins will be worth only for its melt value of silver. In other words, the value of the silver is worth more than the numismatic collectable value.

You might also like

How to Stay Safe from the Cookie Monster

A WALK THROUGH THE WOODS.

A Tale of Two Lancasters

Warning: Do not clean any coin or paper money. Just like any antique piece of furniture, or painting, the original surfaces of a coin are much more desirable by collectors than altered or damaged surfaces. As a result, cleaned coins are worth significantly less money than wholly original coins. Even though a coin is dark in color, does not mean that it is less valuable. The metal in coins often oxidizes and produces a wide array of colors called toning.

First Steps: In any coin collection, having an inventory is key to identify what you have. If you do not have a list, it would be important to create one. Either by a spreadsheet or the old fashion way of using Leger columns. The spreadsheet approach is highly recommended, to save a lot of time. A sample header on a spreadsheet will have the following information.

YEAR DENOMINATION DESCRIPTION CONDITION VARIA WEIGHT MELT VALUE VALUE LOW VALUE HIGH

The year is stamped on the coin. Denomination is the coin face value. Description is what the coin is. Condition is what you believe the condition to be. Varia, is any other information that might help. Weight is the weight of the coin. Melt value is the amount if the coin was melted for its silver contents. Value low is the lowest valuation and value high is the highest valuation of the coin. (Usually Mint or Very Good condition) The actual value of the coin will vary due to condition and rarity. This is only an example, collectors have specialized applications that help them manage their collections

Condition is Everything: The standard measure of a coin condition is based on a grading scale, called the Sheldon 1 – 70 scale. MS 1 to 70, developed by Dr. William H. Sheldon is used today. This scale is used by major grading services, such as NGC (Numismatic Guaranty Corporation, PCGS and other third party grading services. (Refer to Web Links below)

Grading & Condition: The condition of the coin / money is everything. You might have a sought after valuable coin, but if the condition is not good, its value drops. High value coins that are sold for thousands of dollars at auction houses are graded professionally. This gives the buyer the confidence in knowing what condition the coin is in. Determining the coin’s condition is very subjective and biased by the observer. By using a professional grading company, you remove all doubt to its condition. The coin(s) would have to be sent to them, via registered insured mail, and you will have to pay a fee to have the coin graded. The cost per coin is around $ 40.00 to $ 80.00. Once the coin is graded, it is sealed in a plastic envelope that can not be opened. All the information is part of the plastic shell. A coin dealer might provide you with an opinion on a coin condition, but unless it is to an accepted standard and in a written report, it still remains an opinion. The collector has to weigh the value of the coin with the added cost of shipping, service fee, etc. Grading requires the actual coin, and can not be done via a photograph.

What to look for in Canadian Coins – Silver value

1870-1919 – 92.5% Silver Content, many of the coins in this date range have values greater than the silver content.

1920 – 1955 – 80% silver content. Each dollar of face value contains 0.6 ounces of pure silver. Most coins in this range sell for its silver value only. Keep your eyes for 1947 and 1948 year coins. These are rarer and sell for more than the melt value.

1967– Dollars and half dollars are 80% silver, Quarters and dimes, you will find some with 80%, and some with 50%. The purity was switched halfway in the year.

1968– Dollars and Half dollars, no silver content, some quarters and dimes have 50% silver, and some have no silver content. (If you can pick it up with a magnet, there is no silver)

Canadian Paper Money, is it circulated, or uncirculated, what is the condition, the values will depend on this and its rarity. Almost every household has kept a $ 2.00 bill pressed between the pages of a heavy book. The following years are very sought after by paper money collectors. The grading system is different from coin grading, and some find it easier to grade paper money than coins. The best source to determine values of paper money is the website coins and Canada. https://www.coinsandcanada.com/
index.php

Banknotes of 1935 & 1937 after the Bank of Canada was established. Face values of $ 1.00 to $ 1,000.00 dollar bills were created. Depending on its condition, these are highly sought after by collectors.

Banknotes of 1954 with the devil’s face, the highlighted Queen’s hair gave the illusion of a grinning demon behind her ear. The printing plates were modified for all 1956 denominations.

Banknotes of 1954 modified portrait, had major changes and a new look.

1967 100th Anniversary of Confederation dollar, added with a centennial logo. Many people keep these hoping that one day will have great value. Condition is the only factor, and uncirculated banknotes are common.

Coin & Money Dealers with Store Fronts,is a good place to visit and ask questions. If you visit, do not bring a bag of coins, or bank notes in envelopes and expect him to provide a value on the spot. Prepare your visit, create a list of inventory, have the coins banknotes organized in small envelopes or coin holders with the details written. Values on what you see on past auction results might not mean your coin has the same value. And also remember, the coin dealer is in the business of buying and selling. As an appraiser, we deal with large collections, some well catalogued, some not. There has to be a large potential value in the collection in order for us to get involved to benefit the client.

Important Links:

  • Coin & Paper Money identifier & values https://www.coinsandcanada.com/index.php
  • AI generated valuation app https://coinidentifierai.com
  • Standards of Coin Grading https://www.pcgs.com/services https://www.ngccoin.com
  • Canadian Coin Grading https://iccscoin.ca https://ssgccoins.ca

Disclaimer

Prestige Evaluation Inc. does not engage in any buying or selling of any personal property. Prestige Evaluation Inc. can not do any verbal appraising without a work file and consultation. It’s important for the seller / buyer to do his or her own due diligence, before accepting an offer to purchase or in selling your personal property. Any company referred or named in this document, there is no financial consideration or relationship between Prestige Evaluation Inc. and or John Grow. This article was not generated by ChatGPT. AI Free

Next Article: Garage Sale Items, is it worth the time & trouble

About the Author

John H. Grow, ISA-AM, is a partner in the appraisal firm of Prestige Evaluation Inc. The firm specializes in antiquities, watches, clocks, jewelry, fine art, and collectables in general. John works with clients worldwide, museums, corporate, foundations, financial / Insurance firms and government agencies and on radio and television shows and charity appraisal fairs. A long time member of the International Society of Appraisers. (ISA) Prestige Evaluation Inc. can be found at http://prestigeevaluations.com and Grow’s email is [email protected]

Tags: appraisalcoinscollectablesmoneyvaluables
John Grow

John Grow

John H. Grow, ISA-AM, is a partner in the full-service appraisal firm of Prestige Evaluation Inc. and writes about personal property appraisal.

Do you want your items appraised by John? Send a picture and description to [email protected] for consideration. John might include a short evaluation in his next column!

Next Post
The Easiest Ways To Save Money When Shopping

The Easiest Ways To Save Money When Shopping

Categories

  • Business & Finances (15)
  • Columns (609)
    • Archived (113)
      • Filter-Free Zone (9)
      • For What it's Worth (36)
      • Fostering Change (2)
      • Memo from the Mayor (2)
      • Men Writes (25)
      • Mortgage Tips (1)
      • Seeker Snippets (22)
      • Take Note (6)
      • Which Witch is Witch? (10)
    • Current (374)
      • Appreciating Contemporary Art (1)
      • Discover SD&G (34)
      • Fashionably Marlene (12)
      • From Sharyn's Pantry (6)
      • Gardening – Ask Anna (26)
      • Grant Spills the Gravy (10)
      • Jay's Tech & Cyber Insights (3)
      • Keeping it Reel (27)
      • Local Spins from Bud's Records (9)
      • Louise Mignault (58)
      • Mental Health Matters (9)
      • Out and About (50)
      • Outdoor Club (22)
      • Reality Bytes (8)
      • roadSIGNS (30)
      • Smart Move with Sondra (2)
      • The Resilient Life (5)
      • Transition Cornwall+ (15)
      • What I'm Reading (2)
      • Wondrous Life (32)
      • Yafa Arts & Craft (20)
    • Friends of the Cline House (1)
  • Douris Deliberations (5)
  • Health & Fitness (10)
  • Home & Garden (11)
  • Interviews (156)
    • 5 questions with… (106)
    • Business Profiles (1)
    • Locals in the Loupe (47)
  • Leisure & Lifestyle (736)
  • News (2,540)
    • Ontario (1)
  • Politics (24)
    • Federal Elections (10)
    • Provincial Elections (10)
  • Science & Technology (46)
  • Sports (2)
  • The Adventures of D.B Cooper (1)
  • The Soapbox (256)
    • Agree to Disagree (114)
  • This May Also Interest You (1,538)
  • Travel (52)
  • You May Also Like (965)
Facebook Twitter Instagram Youtube TikTok
Don't miss anything!

Get notified of all our new news by ringing the bell at the bottom left corner!

Content Safety

HERO

theseeker.ca

Trustworthy

Approved by Sur.ly

2024
Disclaimers
Stock Photos partially provided by our partner Depositphotos
The Seeker Newspaper is located at 327 Second Street E., Cornwall, ON K6H 1Y8 -- All rights reserved
The Seeker does not accept responsibility for errors, misprints or inaccuracies published within.Please note that the views and opinions expressed in news article are solely those of the authors and do not necessarily reflect the official policy or position of The Seeker. The content provided is for informational purposes only and has been written from the authors’ perspective, aiming to engage and inform readers. The Seeker is committed to presenting a wide range of viewpoints and encourages readers to conduct their own research and exercise critical thinking when considering these opinions in the context of their own perspectives.
ISSN 2562-1750 (Print)

ISSN 2562-1769 (Online)
No Result
View All Result
  • Home
  • News
  • The Soapbox
  • Columnists
  • Events
  • Advertise!
    • Online
    • In Print
  • Puzzles
  • Videos

© 2023 Reducing our footprint!   For every issue we print, we plant a tree!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.