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Vintage

Where To Sell Your Old Coins In Toronto

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There could be a number of reasons why you are looking to sell coins in Toronto. Maybe you inherited a whole bunch and you aren’t quite sure what to do with them – or maybe you are collector and want to sell off a few for a bit of extra money. You could also be someone who found a stash of old coins at home and are wondering if any are rare and can be worth something.

In either case, it’s important that you go to a trusted source that can ensure you are getting the right value for your coins. If you visit Muzeum.ca/pages/coins you will see that they offer free evaluations by experts who can tell you if you have something worthwhile on your hands.

What They Buy

This Toronto storefront of the famous Great Canadian Roadshow will buy Canadian and American coins, but because of their large network of collectors they are able to take any kind of gold or silver coin off your hands.

Gold Coins

  • Worldwide from any nation (Austrian, Mexican, etc.)
  • American – Gold Eagle, Liberty Head, Indian Head
  • Olympic
  • Centennial
  • Royal Canadian Mint

Silver Coins

  • Worldwide from any nation (Austrian, Mexican, etc.)
  • Canadian dated 1968 and Earlier
  • American dated 1964 and Earlier
    • JFK Half Dollars 1969 and Earlier
  • British Coins dated 1946 and Earlier 

They will also buy numismatic, commemorative, proof, and uncirculated coins.

What Makes a Coin Valuable?

There are a number of factors that go into what makes coinage valuable – precious metal content being one of them. If coinage is made of gold or silver it will be worth money purely based on the fact that it is made of precious metals.

Typically, Canadian and American coins from the mid-1960s and earlier were made of silver, making them more valuable than coinage dated later. This is because after the Great Depression it became harder to make coins out of silver, so they began to make them out of bronze, copper, and/or steel.

But even then some coins like the Canadian 1948 silver dollar (dubbed the “King of Canadian Silver Dollars”) can be worth a lot of money simply because so few of them were minted. In fact, though 18,780 coins were minted only a few are said to have survived. Therefore, rarity is another determining factor of coinage value.

Another factor is the design of the coin and whether or not there were any errors in its production. Take, for instance, the 1906 Canada “Small Crown” Quarter where the crown was printed in error with a smaller crown than what it should have. These few misprints can be worth almost $1,000.

Finally, coinage maintains its value when it is well taken care of. A scale of 1 to 70 is used to determine the grade of a coin. Mint condition, uncirculated, or dated coinage is usually rated between 65 and 70.

Only One Way to Be Sure

After all is said and done, the only way you can tell for sure how much your coins might be worth is by taking them in to get evaluated. An expert will be able to check whether your items are authentic based on multiple factors including weight, precious metals, design, and minting.

Reviews

World First Magnet Operated Coin From Canada Mint

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OTTAWA, June, 2018 / CNW/ – The Mint continues to tap in to its creativity and innovation to further unleash the potential of coin manufacturing and transform the coin collecting experience.  Such is the case with the 2018 $50 Fine Silver Coin – Antique Carousel and several other head-turning coins in the June 2018 numismatic catalogue.

In a world-first, the Mint’s Research & Development team has meticulously created a 6 oz. silver coin featuring a miniature, functional carousel that rotates with the help of a magnet.  This timeless attraction at countless Canadian carnivals and fairs is the crowning piece of artist Calder Moore’s design, selectively plated in gold, much like the gilded carousels of the past.  Even the horses move up and down on this dazzling creation which is limited to a world-wide mintage of only 1,000.

Another impressive 3D design element can be found on the 2018 $200 Pure Gold Coin – 30th Anniversary of the Silver Maple Leaf.  This 1 oz. gold coin is enhanced by a “high intricacy casting” of a silver maple leaf that literally pops from its reverse proof surface.  In another Mint-first, we have launched the 2018 $250 Fine Silver Coin – Maple Leaf Forever: a one kilo 99.99% pure silver coin, our largest convex coin to date, featuring the artwork of senior Mint engraver Stan Witten.

Finally, two new coin sets stand out as memorable additions to an exciting line-up of classic and unique numismatic products.  The 2018 Fine Silver 3-Coin Set – Beneath Thy Shining Skies features a complex design by artist Rebecca Yanovskaya. Two rectangular coins flank a maple-leaf shaped centrepiece to compose a panoramic tableau that links scenery and famous Canadian landmarks to illustrate the story of our nation and its people.

History takes centre stage on a four-coin set celebrating the “Colonial Currency of the Atlantic Provinces”.  Struck with dies mimicking the wear of well-circulated coins and hand finished with an antique patina, these icons of early Canadian numismatic history are beautifully reproduced in 99.99% pure silver.  In order to bring out the elegant features of each period design, each coin is larger in diameter than its original.

Other collectibles available this month include:

  • The 2018 $20 Fine Silver Coin – First World War Allied Forces: Canada, the first coin in a new series commemorating the contribution of the major Allied forces that brought fighting to an end with the Armistice of November 11, 1918. The design featuring the Canadian cavalry is the work of artist Pandora Young;
  • The $100 Fine Silver Coin – Keepers of Parliament: The Unicorn, the first of a series of 10 oz. silver coins, designed by Patrick Bélanger and showcasing stonework figures watching over the front doors of Parliament;
  • The 2018 $30 Fine Silver Coin – Fireworks at the Falls, featuring a Tony Bianco colour illustration of the natural landmark, with a hidden nighttime fireworks scene only visible under black light;
  • The 2018 $500 Pure Gold Coin – Predators of the Wild, an impressive 5 oz. designed by Emily Damstra;
  • The 2018 $30 Fine Silver Coin – Zentangle® Art: The Great Horned Owl, designed by Jori Van Der Linde;
  • The 2018 $30 Fine Silver Coin – Canadian Canopy: The Maple Leaf, designed by Emily Damstra;
  • The 2018 $20 Fine Silver Coin Frozen in Ice – Scimitar Sabretooth Cat, designed by Glen Loates;
  • The 2018 $3 Fine Silver Coin – The Thirteen Teachings from Grandmother Moon: Strawberry Moon, designed by Frank Polson; and,
  • The crystal-enhanced 2018 $5 Fine Silver Coin – Birthstones: July, featuring a mandala-inspired ruby design by artist Pandora Young.

Mintages, pricing and full background information on each product can be found on the “Shop” tab of www.mint.ca. Coin images can be viewed here.

All of these products can be ordered directly from the Mint at 1-800-267-1871 in Canada,
1-800-268-6468 in the US, or online at www.mint.ca.  Please mention The Silo when contacting. The coins are also available at the Royal Canadian Mint’s boutiques in Ottawa and Winnipeg, as well as through our global network of dealers and distributors, including participating Canada Post outlets.

About the Royal Canadian Mint
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. An ISO 9001-2008 certified corporation, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale.