Canada Commemorative Dollar 1958

At the time of this writing, silver is selling at about $17 US dollars per troy ounce. These modern commemorative coins, which contain 0.6 ounces of silver ($10 worth) run around $5 to $15 US dollars, depending on condition and whether you are the buyer or the seller.

Base value (BV): 0.6 x 17 = $10 US dollars
A dealer would pay BV - $5
A collector would pay BV + $5

In practice, neither of these two limits would generally be hit, but they give you a general idea of value. If the coin is in absolutely superb condition, the collector appeal could send this coin into the BV + $15 range. Look up the current value of silver at kitco.com. It changes every day, and so does the BV of this coin.

Our picture shows a rainbow toned coin. Some collectors pay a premium for rainbow toning. Others (the purists) shun any kind of toning and think it detracts from a coin's value.

For more Canadian silver dollars, click here.
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