Do you have a pile of change or a jar of old pennies? You could be sitting on a small fortune. There are a surprising amount of rare and valuable coins being spent daily at face value. You just got to know what to look for. With that being said, it’s time to roll up a fatty and haul out your coins. Let’s get baked and go on a treasure hunt! For all you pot-smoking coin collectors out there, here’s a guide to rare and valuable Canadian coins.
There’s a lot of silver still floating around in our change today. Regardless of the state of the coin, the metal value is there. If you find silver coins and don’t want to keep them, sell them to be melted at a pawn shop or coin store.
To find silver coins:
- Before 1967, all Canadian dimes and quarters are 65% silver.
- All 1968 Canadian dimes and quarters are 50% silver.
A lot of things can go wrong when coins are being minted and you can make a lot of money off of this. Error coins can have outrageous collector value potential. If you ever find a coin that looks or feels a little bit off, always set it aside. To find error coins, follow your gut as well as your eyes.
Types of errors include:
Double Strikes and Double Dies – When the mint plate doesn’t line up with the blank planchette, sometimes the machine will strike again. This creates a doubling effect, affecting the entire coin or just a small part of it. It can sometimes look a bit like bubble letters or a distorted image.
Off-Center Strike – Just like it sounds, this error happens when a coin is struck in the wrong spot.
Misaligned Die – Have you ever found a coin and thought that the picture was tilted? If so, you found a misaligned die strike error!
Metal Content – Sometimes they use the wrong planchette to strike a coin and this results in a metal content error. Many can only be found with a gram scale or a magnet. Luckily, scales and fridge magnets are not uncommon things in a stoner household.
Find this Penny with a magnet and scale – $10000 Potential Value
For some reason, some of the copper-plated steel test coins ended up in circulation. They look like regular pennies but are worth a lot more. Note – the coin must precisely fit all these requirements:
Coin and Year – 2000 Penn
Magnetic – Yes
Weight – 2.35 Grams
Composition Mark – There will be a capital letter ‘P’ printed below the Queen.