What Are My Canadian Coins Worth?
Fair Market Value is defined as the price at which an item would change hands between a willing and knowledgeable seller and a willing and knowledgeable buyer with adequate time and market exposure.
A coin's value is based on its condition, rarity, pedigree and demand or popularity.
The condition or grade of your coins is based on the opinion of the grader. Grading is based on scientific principles but in the final result it is really subjective. Ask 10 people for an opinion of the grade of your coin and you could get 11 answers!
Many collectors or dealers have had their valuable coins placed in special holders (nicknamed slabs) by one of the many grading services. The idea is that professionals are more likely to assign an accurate and consistent grade than you or I. There is a natural tendency to overgrade a coin when you own it just as its natural to undergrade a coin when you are thinking of buying it.
To get an idea on the grading of Canadian coins go to the Canadian Coin Club.
Canadian Coin News publishes a newspaper every two weeks that includes Price Trends of Canadian coins that is based on the input of many dealers across Canada and the United States.
J & M Coin, Stamp and Jewellery Ltd. has an online guide to retail selling prices for Canadian coins. So does the Canadian Coin Club. Specialists such as Andrew McKaig, and Calgary Coin Gallery can guide you to understanding the value of your items that may not normally be handled by the generalist dealer.
Two newsproups cater to the coin hobby. They are rec.collecting.coins and rec.collecting.paper-money. If you have any unusual items a message posted to one of these newsgroups may garner an informative reply.
One of the more recent developments for selling (or buying) coins and other collectibles is the web auction sites such as eBay.
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