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★ What You Need to Know About Identifying Rare Coins from Canada

Wednesday, April 10, 2013 7:26

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What are the factors that make a coin rare? The rarity of a coin is dependent upon the age and the number of coins minted. There are two scales upon which rarity can be assessed. They are both used in the coin market. These are the Sheldon Scale and the Universal Rarity Scale. The mintage of the coin is taken into consideration by both scales.

Canadian coins produced by the Canadian Mint have a long and storied history and offer collectors and investors alike with some great options. However, there are a few Canadian coins that coin collectors and coin investors especially seek to add to their coin collections. Here’s what you need to know about identifying rare coins from Canada:

Identify unique factors with your Canadian coins that dictate their rarity.

Whether your primary objective is selling silver coins or buying them, it’s always a good idea to familiarize yourself with what makes certain coins more desirable than others. As mentioned earlier, the quantity of the coins minted, their grade, year of production, errors, demand among coin collectors, and the precious metals content used to manufacture the coins all affect their rarity and value.

Carefully examine gold and silver coins from Canada.

There are plenty of gold and silver coins that have been produced throughout the history of Canada. A number of rare Canadian coins were minted in the late 19th century and early 20th century when precious metals were used in the production process. Rare Canadian coins include Canadian silver dollars minted in 1911 and Canadian gold coins minted from 1912 – 1914. Coin collectors hold these specific coins in high regard because of their age, small quantity, and composition.

Acquaint yourself with Canadian error coins.

Error coins from Canada are considered rare, as production ceased as soon as the error was discovered. One example of a rare Canadian coin is the 1911 George V coin. Here, an abbreviation is absent from the coin.

Study coin rarity scales and look for the ones that feature rare and unique Canadian coins.

The Sheldon scale and the Universal Rarity Scale both contain the rarity numbers of Canadian coins. There are 8 rarity categories on the Sheldon scale and 20 rarity categories on the Universal Rarity Scale. The higher rating a certain coin receives on a scale, the rarer it is. For those individuals who are interested, the scales can be accessed for free online.

Pay a visit to a coin dealer.

Choose a coin dealer that has extensive experience in foreign and rare coins. They should be able to assist you in identifying and valuing rare and valuable Canadian coins.

Whether buying or selling silver coins, such as rare Canadian coins, it’s always helpful to expand your knowledge of different types of coins. To identify rare gold and silver Canadian coins, acquaint yourself with low mintage dates, with error coins, and study coin rarity scales. Lastly, visit a coin dealer that specializes in rare Canadian gold and silver coins to maximize your purchase or sale.

Submitted by Guest Blogger:

Atlanta Gold and Coin Buyers

2013-04-10 07:09:53

Source: http://finerarecoins.blogspot.com/2013/04/what-you-need-to-know-about-identifying.html

Source:

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