Canadian Coin Weight

I am planning to buy a 24 karat gold coin from bullion direct. This is the first time i am buying a gold coin. I am seeing both Austrian Philharmonic and Canadian Maple as 24 karat, but former is cheaper that later. Do anybody know the reason? Both are 1 oz and same weight & quality. Can i buy Austrian than Canadian?

Stop!!!
You will never be able to sell that coin at the price you bought it.
Just look at ebay an see what the coin your are about to buy is worth.

Set up a disount brokerage account.
But and ETF which deal with gold like GLD
or buy a company that deals with gold like Freport McMoRan.
Trust me - you never want to buy gold coins .
If anything buy bulllion.
You will always pay through the nose for the imprint that is made on the gold coins - which is worthless.
/.

2009-12-31 14:17:54 by a kannan

Gold Maple Leaf coins are one of the most practical ways to invest in gold. Each Maple Leaf is legal Canadian tender guaranteed by the Government ...

Considering the fact that Canadian Maple leaf is 99.9% gold and American Eagle is only 91.6% gold, I'd expect the maple leaf to be costlier.
I'm trying to find if the maple leaf is lighter than americal eagle - that is whether 1 troy oz is the gold content of the eagle and not the actual coin weight.
(I know this is the case with South African Krugerrands, but I've never bought american eagle)
Americal is a typo - I meant American Eagle

Are you comparing dollar to dollar??

American dollar = $1.00

Canadian dollar = $1.10969

So, Canadian dollar is worth more, which is whey it costs more for the American dollar.

2006-05-05 12:15:57 by jakuruvi

i know one is gold eagle in 91.67 and a gold maple leaf is 99.99 but the eagle weight's more due to copper and silver added to the coin where the maple leaf does not the are both 1 oz of fine gold, is what they say on the coin.. do they both have the same gold in them just the eagle has more other medals for hardness vs the maple leaf or does the maple leaf have more gold being 99.99?????


i am soo lost here.. help

The Canadian coin has more gold. They both have a true total weight of 1oz. The mix in the US coin means there is less total gold in the Eagle.

2009-06-10 08:15:45 by darklinks404

I need to calibrate my scales, and I do not have a calibration weight. I need to know what weighs exactly 100g.

And please do not say 40 pennies, or 20 nickels, or any coins in general, because the canadian weight for coins is not the same as the american.
I don't have a weight, and the only way for me to get one is to order one.

The only way is to use a glass and 100mL of water.Put 100ml of water in the glass and put it on the scale and adjust it until the indication is 100.Then see (with this adjustment) the weight of the glass(without water).Add this weight to 100 and then divide 100 with the result.This last result multiply with the weight of the glass and add 100.The result is the weight of the glass and water and you can now calibrate your scale.

2009-07-31 03:06:13 by Half Baked

I think the year was 1968, and you can correct me if I am wrong, but the year they the US and Canadian coins were no longer made out of silver.

For the coins that were made of silver, can you please help me with the following question(s)

How many nickels does it take to make an ounce of silver?
How many dimes does it take to make an ounce of silver?
How many quarters does it take to make an ounce of silver?

Thank you

American silver coins:
* Dimes through Half Dollars, through 1964, 90% silver
* Half Dollars, 1965-70, 40% silver

Canadian silver coins:
* Dimes through Silver Dollars, through 1966, 80% silver. (Very early dimes, quarters, and half dollars, through 1919, are 92.5% Sterling silver.)
* Half Dollars and Silver Dollars, 1967 commemoratives, 80% silver.
* Dimes and Quarters, 1967 commemoratives, either 80% or 50% silver (changed in mid-year to the lower percentage, and extremely difficult to tell apart from one another).
* Dimes and Quarters, 1968, 50% silver. (To add to the possibility of confusion, some Canadian dimes and quarters in this year were also minted in nickel; the silver coins have a "softer" patina and are non-magnetic, while the nickel coins look "shinier" and are attracted to a magnet.)

There were a few coins minted in 40% or 50% silver a short time later, such as some US Eisenhower Silver Dollars and Canadian Silver Dollars minted in the early 1970s, respectively, but those were specimen or proof coins not intended for circulation; the circulated coins, from dimes to dollars, were all made of copper-nickel or nickel during that period.

Today, both nations still issue some silver coins, but these are also not intended for circulation - they're either bullion coins or coins issued for collectors, and they're sold at a considerable premium to face value.

As noted in another answer, the only time that *Nickels* were silver was in the US, during World War II (1942-45). Those coins have large reverse mintmarks, P, D, or S, above the Monticello dome. They are also often darker - due to their metal composition and particularly from subsequent tarnish - than other nickels.

As-minted silver nickels contain 35% silver, 0.563 Troy ounces of actual silver weight per coin. You'd need just under 18 silver nickels to have 1 Troy ounce of pure silver.

Other than those "silver nickels," other US 5 cent coins are made from copper-nickel, not silver, even though they may at a first glance look somewhat "silver-colored."

As for dimes and quarters, the *as minted* silver contents are:

* US 90% silver dimes (1964 and earlier), .0724 Troy ounces per coin (you'd need approximately 14 coins to have about 1 Troy ounce of pure silver).
* US 90% silver quarters (1964 and earlier), .1809 Troy ounces per coin (5.5 coins for 1 Troy ounce).
* Canadian 80% silver dimes (1966 and earlier, plus some 1967s), .06 Troy ounces per coin (about 16-17 coins per Troy ounce)
* Canadian 50% silver dimes (some 1967s and all non-magnetic 1968s), .0372 Troy ounces per coin (about 27 coins per Troy ounce)
* Canadian 80% silver quarters (1966 and earlier, plus some 1967s), .15 Troy ounces per coin (just under 7 coins per Troy ounce)
* Canadian 50% silver quarters (some 1967s and all non-magnetic 1968s), .0937 Troy ounces per coin (about 11 coins per Troy ounce)

Note that these values are for "as minted" uncirculated coins. In circulation, silver coins can often lose anywhere from 1-5% of their weight, simply from wear over time. That means that, if you're trying to accurately determine the silver content of a large number of circulated silver coins, you'll need to weigh them on an accurate scale - probably one that can measure to the nearest gram or 2 gram weight - convert the gram weight to Troy ounces (you can do this by searching on "xx grams in troy ounces" in Google, where "xx" is the weight in grams) - and multiply by the silver content (e.g. by 50% or 0.5, 80% or 0.8, or 90% or 0.9) to get the actual silver content in Troy ounces.

A great site to find current silver metal values of both US and Canadian silver coins:

http://www.coinflation.com

2008-05-16 14:51:31 by scrvr