Canada Commemorative Cobalt Silver Mine 1963
Nice coin, Russ. Although it is not really a legal tender coin, but a silver medal struck in honor of Cobalt, Canada. These coins contain 1.4 troy ounces of silver, and most of their value comes from the precious metal content. Use a reliable web site, such as kitco.com to look up the value of silver (it changes every day), then multiply that value by 1.4 to obtain the base value of your coin.
Since Russ's coin is in mint condition, i.e., uncirculated or nearly uncirculated, a collector might be willing to pay a few extra dollars to buy it. Maybe $5 over the silver price. If the collector has an emotional attachment to Cobalt or silver mines, the $5 might go up to $10 to $20. But the basic value is the silver value.
, Genre: Colonizers and Colonies
Requested by: Russ, Sun, 24-Apr-2011 12:30:11 GMT
Answered by: Paul, Wed, 30-Oct-2013 16:23:40 GMT
Last review by CoinQuest: Mon, 26-Oct-2015 17:28:16 GMT
Requester description: 1963 Hi: I have in my possession a mint condition .999 (three nines) pure silver 1963 commerative editon coin (60th anninversary of the Cobalt mine -1903-1963). I believe that it weighs in at 1 or 2 oz. I am not sure of its exact weight though. It measures 4 cm diameter x 4 mm thick. It is almost 50 years old. Is it worth anything more than just its weight in silver?
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