Canadian Coins Worth Money

Canadian Coins Worth Money

Pre 1964 Mercury Silver Dimes Or 1968 Canadian Coins Are Still a Good Collectible Investment
By Pat Silver - Ezinearticles

The beauty of old coins, like the silver dime, are hard to beat. For about a dollar, you can get a silver dime. Silver is a good investment choice in my mind for the fact that it is cheap historically. It is easy to sell and buy nowadays, thanks to the internet. Coins can also be a much more fun investment over say, bonds or stocks. Other investments, like stocks, are only fun when they go up in value while it is yet enjoyable owning a collection of old dimes. Stocks hold a purpose and so do silver and gold. Pre 1964 Silver dimes in the USA and pre 1968 silver dimes in Canada are different, yet great in that they can be horded in a large safe or in a simple, empty, peanut butter jar for the little guy that can barely pay the rent each month. You can save dimes up, one at a time if you are the hard worker on minimum wage. For the little guy, keeping a sharp eye out for that stray silver dime still in circulation is a good way to build your wealth a little at a time. Of course when you come across a silver dime, it goes into that little jar with the rest the silver coins that you've picked up along the way from unknowing clerks who did not know the value of the pre 1966 silver dime.

Here are some quick facts on the Canadian silver dimes. They were last minted in 1968, but only about half of the coins contained 50% silver at the time of minting. The other half was almost all nickel. Now the Canadian 1967 centennial silver dimes have the cod or salmon fish on them. These dimes were again split in half due to the sharp rise in silver at the time. Half of the dimes minted in this period were the normal standard, 0.715 of an oz pure silver of the face value. Be it, 10 dimes, 4 quarters, 2 half dollars or one single silver dollar, this was and is considered equal to the 0.715% pure silver content of face value. The other dimes minted at the time were about half 50% silver and 50% nickel and copper. The 1966 and the previous years were about 71.5 % pure silver. If this is too hard to remember, just grab all the coins that are pre 1968 and sort the rest out with someone that knows this stuff. The 1966 Canadian coins are all sound and you won't go wrong with these dimes.

Now, for those that have a little more money than the average investor who's just keeping his nose above water when it comes to money. You can buy the older coins in the big junk silver bags of dimes, all in one shot, without too much thought. It comes down to, "Umm...let's see. Should I buy that big bag of silver dimes or that second big screen T.V. for the den?" There isn't much thought in that, when it come to that fact that you can have both without putting too much strain on the old pocket book. Being rich or poor though has very little to do with it, in that silver is still silver. You can melt it, cut it, or sell, buy, and trade it, and silver will still be silver. At the end of the day, the silver dime will always have a market because it is used in industry and so heavily in electronics.

Canadian Coins Worth Money