Canadian Silver Coins

Remember the popular maxim, time is gold? Hard-working individuals believe in this saying as they live and spent their time prudently. For them the issue is not just the resources or the capital but also investing their time in something worthy. These days, people are playing it smart and many are seeking convenient and practical means to earn money. Many are entering the world of investments as they feel that it is economical and the payout is not that bad. One of the most popular types of benefaction is venturing on scrap metals like silver. Many believe that trading scrap silver is convenient and very economical. Housewives and those who are seeking part time jobs take advantage of this promising opportunity to earn money. In lieu with this, it is important that investors should understand how the money evolves with this type of business endeavor. Certainly, of all the scrap silvers, the easiest to market are coins. If you are interested in this type of business, you need to understand how the value of scrap silver is determined. Here's how: 1. Determining The Actual Worth Through The Internet Researching now is made effortless. Unlike before where one must go through a pile of books just to arrive with exact answers. Now, one can simply browse online and find precise answers in just a couple of mouse clicks. The same goes in determining the value of the scrap silver. Thousands of websites are offering express silver calculation. The user will just have to fill out the necessary fields such as the weight of the silver and its current spot price. The latter can also be viewed by means of the internet. 2. Calculate The Value Of Scrap Silver On Your Own Determining the true value of scrap silver is very easy. First is to convert the weight of your scrap silver into troy ounces. Troy ounce is the standard scale used in trading. 1 Ounce is equal to 0.9115 Troy ounce. Second, identify the purity of the silver. It is fundamental to check when the coin is minted. US coins minted efore 1964 are 0.900 Pure silver while those minted in 1965 to 1969 are 0.400 Pure silver. Purity is also known as silver weight. Third, identify the current spot price of the silver either in television news, spreadsheets or internet. Fourth, separate the coins according to their purity. Weight them accordingly then convert them into troy ounces. Multiply the converted weight of the coins by their purity or their silver weight then multiply again by the current spot price. For A Clearer Picture, Here Is An Example: Say that you have quarters minted before 1964. You will get 100 oz as the total weight. The 100 oz must be converted to troy ounce. If the current spot price of silver is $30 per troy ounce, simply multiply the 100 oz by 0.9115 (Converting to troy ounce) by 30 (spot price) by 0.900 (The silver weight or the purity) is equals to $2,461.05. 3. Consult With Trustworthy Coin Dealers In Your Area If you have no time to search the internet or if you are doubtful of your calculations, you can inquire with coin dealers in your area. On the other hand, be careful transact only to dealers who can be trusted. Certainly, selling scrap silver is another means for additional income. Selling scrap silvers such as coins is easy. It is advisable to discover first the value of the precious coins before going to your chosen dealer. With these easy ways you can determine the value of your scrap silver coins in no time.

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They decided to package, the silver maple leaf coin in tubes of 25, due to the high demand.

Many minted coins displayed the national symbol of Canada, the mapleleaf. The face values made for the beautiful coin are pennies, five, ten, and twenty cents. Canada introduced the silver dollar in 1935. In 1870, they removed from circulation; melted down, the twenty-cent coin, minting them, into a twenty-five cent coin. They introduced a matching fifty-cent coin the same year. Before 1920, they minted Canadian coins measuring.925 pure silver, commonly known as sterling silver. Needing strength and stability, they used Copper, for the rest of the portion needed.

The value of older Canadian silver coins between 1858 and 1968, made of more than 90 percent pure silver; with the price of silver going up internationally, 1967 and 1968, the Canadian mint shifted to fifty percent ratio from silver to copper in one year. The treasury department decided to make some of the coins fifty percent one year and eighty percent the next, increasing the value. The only way to tell the difference was with a magnet. The more copper it had in it, made the magnet stick to the coin. The beautiful silver maple leaf coin, best known for its extraordinary beauty and value, displaying a three-dimensional maple leaf placed directly on its back; an unusual addition to any collection.

The Canadian government issues a new silver maple leaf coin each year beginning in 1988, as a continuation of a gold coin in 1979. Queen Elizabeth II on the front of the beautiful silver coin on the front, with 5 dollars and the year minted; sporting a maple leaf on the back, with the phrase "Fine Silver 1 oz Argent Pur," at the bottom. The Royal Canadian mint certified the silver purity of this coin as the highest of any coin at.9999 or one troy ounce. Each coin weighs 31.1 grams, making this coin very high in demand. Buying silver, the face value is 5 dollars Canadian. The silver leaf is among international silver bullion, the best buy having the highest face value.

Chris enjoys writing about coins. For more info, check out his site were he discusses the http://www.silvermapleleaf.org, Silver Maple Leaf.

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The Canadian Maple Leaf Silver Coin is a Canadian bullion coin issued yearly by the government of Canada. This coin was initially minted by the Royal Canadian Mint (RMC), in 1988. This coin, which is the highest ranked bullion in world, has an actual value of 5 Canadian dollars for a 1 ounce coin.

Maple Leaf Silver coins have a certified purity of .9999 (99.99%), which is among the highest purity when compared to most other bullion rounds and bars which have purity levels of about 99.90% (.999). Some other features of the Silver Maple Leaf include a maple leaf on the reverse side of nearly every issue with a sculpture of Queen Elizabeth on the obverse, a weight of one troy ounce (32.1 grams) of silver, and the phrase "Fine Silver 1 oz Argent Pur" can be found on the reverse side alongside the bottom of every issue.

Issue Variations
Yearly variations of the Maple Leaf Silver Coin have included holographic enhancements, proof releases found on the 1989 edition only, a colored maple leaf that had a different design not found on the regular issues, and in 2009 a coin was issued in commemoration of the 2010 Winter Olympic Games.

During the minting of this series there have been some issues worth noting. In 1998 a single issued 10 oz version was made to celebrate the 10th anniversary for the coin series. In 1999 all silver coins were designed with a privy mark in celebration of the RCM Maple Leaf Program. In 2000, the coins featured a privy mark with the number 2000 and fireworks, and another variation was made in celebration of the new millennium, which resulted in the coins having two dates 1999 and 2000.

Market Value
Just like any other minted bullion investment, the market value for these is also dependent on few factors. The factors that influence their value includes the exact amount of silver bullion, current prices of silver bullion, a guarantee of purity and weight by mint and the premium which is based on a particular issue's demand and supply. All bullions start with a "spot price" which is given each day in major newspapers and other news sources, in the investment section.

The pricing of the Silver version differs from that of Gold and Platinum versions. The demands for the silver versions have resulted in the prices which are far higher compared to the actual silver bullion value. This especially happened during the 1996 and 1997 versions when the prices were quite high due to limited mintages. In 1997 around 101,000 coins were minted while in 1999 more than 1.2 million coins were minted.

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QualityBullion.com offers information gold and silver bullion for investing and collecting. We also provide access to some of the best pricing on gold bullion and silver bullion. Check out the best pricing on the Maple Leaf Silver Coin.

American Silver Eagle Proofs are in high demand right now. Many collectors have proudly put together complete sets of the series, that contains every single date obtainable.

When the most recent American Silver Eagle Proof was released late this past year, on November 19, 2010, it could be purchased for $45.95 through the U.S. Mint. Each and every household was strictly limited to buying a total number of one hundred coins.

Public demand ended up being very strong, to say the least!

In the first hrs subsequent to the coins release, the U.S. Mint suffered a variety of difficulties by clients who tried to buy from the website or even utilizing their toll-free number.

The proof silver eagle ended up being sold out by the end of December, having sold out quickly.

834,879 coins were purchased based on the most current sales record from the U.S. Mint!

Taking into consideration the fact that the premium that you pay is considerably above the actual spot price of silver, you might question the reason why the desire with regard to these coins is so high.

Were the proof versions really worth the extra amount you pay out?

I resolved to do a little investigating. . .

To start with, let's examine precisely what tends to make this specific coin so exceptional.

1. Each and every coin is composed of exactly one ounce. of .999 fine silver.

2. If you glance carefully at one, you will observe immediately their particular astonishing splendour, extremely sharp relief, as well as a backdrop which is nearly mirror-like. They have a unique cameo effect due to their frosted, sculpted foregrounds.

3. To realize all of this fantastic splendor, the silver eagle proof coin is actually created by way of a specialised minting practice.

4. All this commences when a burnished silver coin blank is pressed, and then fitted together with unique dies.

5. So as to supply the detailed images the sensation of floating above a reflective field, it is then struck numerous times.

6. After careful inspection, the coins are ultimately sealed inside a protective plastic capsule.

7. Finally, they're placed inside a stunning presentation case that's covered in blue velvet. Inside, the case is lined with satin and includes an authenticity certificate that's signed by the Director of the U.S. Mint.

Thus all that additional manufacturing expense, time, labour, energy, etc. is factored into the price of the proof eagle. That is the reason for the excess premium.

Additionally it is important to note the fact that proof type has never been handled by human hands and that is the reason why they are so highly sought after and are valued at more than their own common bullion counterpart.

And so now we know the real reason for the additional premium. Nonetheless, are the American Eagle Silver Eagle proofs worth the excess price?

Recently, I did some research on the well-known auction site, eBay, to attempt to ascertain the recent selling prices for the the year 2010 Silver Eagle Proofs.

Exactly what I learned was the fact that sell amount varied, depending upon the particular grade belonging to the coin -- whether or not it was PCGS PR70 First Strike or PR69, and so forth. At the time this particular article was written, the typical selling price seemed to be around $60.00.

That's an increase of greater than 30 % since their November 19th launch date. (Please note: the price of silver might have risen or declined during the time you might be reading this write-up and so existing auction prices might be much more or less, depending upon the spot price of silver).

Let's say, you'd purchased a regular bullion silver eagle on the exact same time frame, using the ending price of $27.35. You would now have a gain of only 9.69%!

It is also fascinating to take note that special edition silver proof coins like the 1995-W Proof Silver Eagle and also the 2006 Reverse Proof are usually valued at even more!

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The 2011 Proof Silver Eagle coins won't be available for sale from the U.S. Mint until July 6, 2011. And even though you can no longer order the 2010 American Silver Eagle Proof coin through the U.S. Mint's website, they are still available for sale at: http://BullionBargains.us