How to Sell Canadian Silver Dollars

Stacks of Canadian silver dollars

Canadian silver dollars were first introduced by the Royal Canadian Mint in 1935. There have been many different varieties of the coin minted over the years. If you believe you have a special Canadian silver dollar coin, have it appraised by a professional coin grader. However, most people collected these silver dollar coins for their metal content. Up until 1967, the composition of the Canadian silver dollar was 80% silver and 20% copper, containing .6 oz of fine silver. After 1967, the coin is composed of 100% nickel. There are several ways to sell your Canadian silver dollars.

Instructions

1. Sell your Canadian silver dollars to your local coin dealer. Go to a coin shop to have your Canadian silver dollars informally evaluated. The coin dealer will tell you what you've got and how much the coin shop is willing to pay for it. If your Canadian silver dollars are pre-1968 and contain silver, the price offered by the dealer will be based on the spot price of silver that day.

2. Check your local newspaper or town circular. These will likely contain advertisements run by people looking to buy gold and silver coins and bullion. Some of these buyers are professional coin dealers and others are private coin collectors who consider coins their hobby. Do your own research to make sure you are dealing with someone who is reputable and is offering to buy your Canadian silver dollars at a fair price.

3. Sell your Canadian silver dollars online. Ebay is a great online marketplace and will allow many potential buyers to check out what you are offering. Once you've created your account, click on the "Sell" tab and follow the directions to create a customized listing for your Canadian silver dollars. Ebay also allows you to upload pictures so that potential buyers can view the coins you have for sale.

4. Sell your Canadian silver dollars at a coin show. Check the internet or with your local coin dealer for information on upcoming coin shows in your area.

Tips & Warnings

• Research your coins to get an idea of their value before you try to sell them.

• Do research to be sure any coin dealers you talk to are reputable.

References

• Mint Products: Canadian Silver Coins
• 24Carat: Canadian Silver Dollars

Resources

• Read this Article in Spanish