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Tuesday, March 16, 2010

How to Work Out the Value of Canadian Coins that Contain Silver

This article gives steps on how to calculate the value of both old Canadian coins (junk silver coins) that contained silver and also different Canadian Maple Leafs made of silver and gold.


Canadian Junk Silver Coins are dimes, quarters, halfs and dollars minted up to 1968. Depending on the year they were minted they have varying amounts of silver in them. See list below

1900-1919 Dime (92.5%)
• 1920 -1967 Dime (80%)
• 1967-1968 Dime (50%)
• 1900 -1919 Quarter (92.5%)
• 1920 - 1967 Quarter (80%)
• 1967-1968 Quarter (50%)
• 1901-1919 Half Dollar (92.5%)
• 1920-1967 Half Dollar (80%)
• 1935-1967 Dollar (80%)

Organize your coins according to type and year of mint
Step
2
Go to www.in-gold-we-trust.info to get the current price of silver.

To work out the value of your coin multiply the price of silver by the content of silver in the coin. For example the price of silver is $16 you have a 1910 dime so the value is 16x0.0693= $1.49

1900-1919 Dime (92.5%) = 0.0693 troy ounces of silver
• 1920 -1967 Dime (80%) = 0.0599 troy ounces of silver
• 1967-1968 Dime (50%) = 0.0375 troy ounces of silver
• 1900 -1919 Quarter (92.5%) = 0.1734 troy ounces of silver
• 1920 - 1967 Quarter (80%) = 0.15 troy ounces of silver
• 1967-1968 Quarter (50%) = 0.0937 troy ounces of silver
• 1901-1919 Half Dollar (92.5%) = 0.3456 troy ounces of silver
• 1920-1967 Half Dollar (80%) = 0.2989 troy ounces of silver
• 1935-1967 Dollar (80%) = 0.6001 troy ounces of silver
Step
3
Other Canadian Coins -

The Canadian Mint issues "Maple Leaf" Coins in Gold Silver and Platinum.
Here is some information on the coins and their gold content

Gold
$50 Maple Leaf = One ounce of pure gold
$20 Maple Leaf = Half ounce of pure gold
$10 Maple Leaf = Quarter Ounce of pure gold
$5 Maple Leaf = 1/10th Ounce of Pure gold
$1 Maple Leaf = 1/20th ounce of pure gold

Silver Maple Leafs are minted in Just one Ounce Coins

Platinum Maple Leafs

$50 Maple Leaf = One Ounce of Pure Platinum
$20 Maple Leaf = Half Ounce of Pure Platinum
$10 Maple Leaf = Quarter Ounce of Pure Platinum
$5 Maple Leaf = 1/10th Ounce of Pure Platinum
$2 Maple Leaf = 1/15th Ounce of Pure Platinum
$1 Maple Leaf = 1/20th Ounce of Pure Platinum

Remember Denominations under 1 ounce of platinum maple leafs have not been minted since 2002.

The In Gold We Trust is an Online Junk Silver and Gold Calculator that gives easy up to the minute silver dollar values, prices on all junk silver coins as well as scrap gold prices and the value of gold coins

Or get the Gold Bug Scrap Gold Calculator for your iPhone or Android



Gold Bug Calculator - In Gold We Trust



Get it on Google Play

How to Work Out Scrap Gold Prices

As people look to cash in their old unwanted gold jewelry it is important for them to know the value of their scrap gold items. This article gives easy steps on how to calculate scrap gold prices

First you need to establish the gold purity of the scrap gold you have. For jewelry this is easy. Gold jewelry is classified in terms of karats (10k, 14k, 18k ,22k). It is usually marked on the jewelry item - you may need you magnifying glass for this.

For other scrap gold items such as CPU chips, gold flake and so on you can establish the purity of the gold by doing an acid test. you can get an acid test kit from ebay.

Once you know the karat value of of your scrap gold then you need to weigh it - knowing the weight in ounces or grams is fine.

Gold under 24 karat is a percentage of pure gold mixed in with other base metals. The percentages for different karats are as follows

10k = 41.7% pure gold
14k = 58.5% pure gold
18k = 75% pure gold
22k = 91.6% pure gold

Example in Ounces

I have 2 ounces of 14k gold. The current gold price is $1100 so the value of my gold is as follows

1100 x 0.585 x2 = $1287

Example in Grams

I have 5 grams of 14 karat gold and the gold price is $1100 per ounce

Gold price per gram = 1100/31.1034768=$35.37

Value of my gold = 35.37x0.585x 5=$103.44


Get the Gold Bug scrap gold calculator for iPhone or Android


Gold Bug Calculator - In Gold We Trust



Get it on Google Play