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Where Did All The Canadian Silver Coins Go?
At one point in time it was very common to see circulated silver coins. On January 2nd, 1908 when Canada opened its first Royal Mint in Ottawa, the “first coin” (half-dollar) was a silver coin (92.5% silver/7.5% copper). From then until the late 1960s, Canada, much...
What Makes a Coin Valuable?
What’s the difference between a 1918 Canadian 50-cent coin and a 1921 Canadian 50-cent coin? Easy answer: 3 years. Informative answer: the 1921 is far rarer (suspected that only 75 exist), and is worth 25,000 times more (estimated to be worth $249,000 USD). Of course,...
The Gold Refining Process – How Gold is Refined
Ever wondered how gold is refined? Check out the five stages of metal refining according to the Royal Canadian Mint. The Five Stages of Metal Refining: From Ore to Pure The Royal Canadian Mint refines their gold using these five steps: 1. Pre-melt Doré bars in...
Sentimental Gold – Should I Keep it, or Sell It?
Just about everyone has possessions with personal or sentimental value beyond what the market might say they’re worth. When you really think about it, that’s basically how we assign value to everything; I place greater value on a cup of coffee than having a spare...
Investing in Gold – Factors That Influence the Price of Gold
Understanding the factors that influence the price of gold is crutial before making an investment in the precious metal. Equally important is to be aware of the key differences in the supply and demand of gold compared to other investments such as commodities, stocks...
3 Steps to Sell Gold With Gemstones
Most people know that any gold jewelry can be sold off for its precious metal content value quite easily these days through a local cash for gold dealer. A solid piece of gold jewelry can fetch a price well beyond its aesthetic appeal due to the precious metal content...
History of High Gold Prices
In the short history of freely floating gold prices, the rapid rise and fall of value in the 1970s demonstrate that the prices can be quite volatile and the stagnation in the 1980s and 1990s demonstrate that prices have not always been rising.