A Comprehensive Guide: Where Can You Sell Canadian Coins?

• Posted on 1st March 2023
• in Antique Coins
• by Antique Coins Buyers

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Do you know? Canadian dollars are one of the most highly valued currencies in the world. If you have a Canadian coin, then the chances are very high that you can receive a great profit. And to search for a better place to sell the precious Loonie(1$) coin, you have to do thorough research to find a trustworthy place where you can get the right value for your Canadian coins.

Before we start, let’s begin with an important question. What is the name of the Canadian currency, and who manufactures it? All of Canada’s circulation coins are produced by The Royal Mint of Canada.

Canadian currency coins have several denominations, with their names and values as follows:

#1 – Loonie: This is a one-dollar coin that was first introduced in 1987. It features a common loon, a type of bird found in Canada, on its reverse side. The loonie is made of a gold-colored brass alloy and has a diameter of 26.5 mm.

#2 – Toonie: This is a two-dollar coin that was first introduced in 1996. It features a polar bear on its reverse side. The toonie is bimetallic, with an outer ring made of a silver-colored nickel alloy and a center core made of a gold-colored brass alloy. It has a diameter of 28 mm.

#3 – Quarter: This is a 25-cent coin that has been in circulation since 1870. The current version, introduced in 2003, features a caribou on its reverse side. The quarter is made of a silver-colored nickel alloy and has a diameter of 23.88 mm.

#4 – Dime: This is a 10-cent coin that has been in circulation since 1858. The current version, introduced in 1968, features a portrait of Queen Elizabeth II on its obverse side and a schooner on its reverse side. The dime is made of a silver-colored nickel alloy and has a diameter of 18.03 mm.

#5 Nickel: This is a 5-cent coin that has been in circulation since 1922. The current version, introduced in 1968, features a portrait of Queen Elizabeth II on its obverse side and a beaver on its reverse side. The nickel is made of a silver-colored nickel alloy and has a diameter of 21.2 mm.

#6. Penny: This is a 1-cent coin that has been in circulation since 1858. The current version, introduced in 2012, features two maple leaves on its reverse side. However, the penny was officially discontinued in 2013, and cash transactions are rounded to the nearest 5 cents. The penny was made of a copper-plated zinc alloy and had a diameter of 19.05 mm.

What is the value of old Canadian money, and where can I sell it?

The value of old Canadian coins can vary greatly depending on their rarity, condition, and historical significance. Some Canadian coins are considered valuable due to their limited mintage, errors or variants, or their age and historical significance. For example, the 1936 dot penny is one of the most valuable Canadian coins, with only three known to exist. Another valuable coin is the 1921 50 cent piece, which has a low mintage and is highly sought after by collectors. In general, the older a Canadian coin is, the more valuable it is likely to be, especially if it is in good condition. Additionally, coins made from precious metals like gold or silver also have inherent value based on the current market price of those metals.

Before you sell your precious piece, it’s better to do your homework first. What you have to do is know everything about the coin, i.e., name, history, condition, and current market price. If you can find it by doing some proper research, its great. If not you can contact a coin appraiser who will inform you everything about your dollar. After gathering information, you can head towards finding a coin buyer online. Here, we’ve listed a few trusted places to sell your coin:

#3. Etsy/eBay

This is the website where many collectors and dealers list up there selling items. You can do the same, you can list your Canadian Coin and sell it on right price. Hereby you can see many buyers who can contact you to buy your piece. Always remember when dealing in online world, you should be attentive about everything and then sell or buy precious objects.

#2. Online Auction 

Many reputed antique coin shops conduct a live auction online. There, you can be a part of the auction and then bid for your Canadian Toonie ($2$) coin. The higher you bid, the higher you’ll receive in profit. In auctions, you’ll find many trusted collectors and dealers bidding for the high price or the collection of minted coins and bullion.

#1. Online Buyers/Dealers

When you surf the internet, you’ll find many coin collectors that buy Canadian coins near by location & online. You can contact them easily and then get the best deal. The coin dealers deal with every precious pieces online and from local store as well. Also, do not trust everyone; do research and look at their service and customer feedback to know whether the dealer is authorized or not.

An important note:

Always remember, whenever you want to deal with precious things, before selling get it appraised by 2-3 appraiser to get high returns. Also, the online world is also filled with scammers who can scam you with their tricks. That is why it is preferable to look for someone who is authorized, licensed, and has excellent service and experience with a solid foundation in the market.

Who buys Canadian coins nearby or online? 

We are top-most Canadian coin buyers as well as other gold, silver, palladium, bronze metal coins and bullion. Our well-established firm offers free appraisal sessions to quote the best price for the coin collection. If you want your Canadian coins and currency to be sold for an accurate price, come to us now! Therefore, we welcome you to obtain a high purchase price and the professional service offered by our expert team.