Gold in CDN Dollars 2019

Why is the price of gold at record highs in Canadian Dollars?

In the past, the highest price of gold ever in Canadian Dollar terms was $1883.07 in mid-2001. Today (August 25th) it is around $2060 per ounce. (Check Today’s gold price here ) – above that long-standing that record high. So, why is the price of Gold at record highs against the Canadian Dollar? What is driving this trend?

1) A Relatively Low Canadian Dollar

One key factor is that the Canadian Dollar is somewhat on the weak side compared to historic averages. We are not near the historic lows of around 65 cents we saw from 1999-2003, but for most of the last year, the Canadian Dollar has been in the mid to low 70 cents to the US Dollar. far off the close to parity we saw from 2010 – 2014.

Canadian Dollar vs. US Dollar
Canadian Dollar vs. the US Dollar into 2019

The Canadian Dollar has historically been tied to the price of oil, and while crude prices have been climbing since mid-2017, from about $50 per barrel to pushing towards $70, the Canadian Dollar has not followed the increase yet. Part of this could be transportation constraints and a lack of demand from our main export target, the US.

Provincial Governments in Ontario and particularly British Columbia have also been implementing changes to cool what they see as over-heated real estate markets. Real Estate has played a strong part in these economies over the last few years, particularly in bringing in foreign capital. It remains to be seen how resilient these economies will be to factors such as vacancy and foreign buyers’ taxes.

So, a big part of this story is the relatively weak Canadian Dollar, and this pushed the price of gold higher in Canadian Dollars.

2) The price of gold has been rising.

Key drivers of the price of gold have historically been real interest rates, the US dollar, and risk aversion, or the need to hold gold as an investment as investors look for a commodity that will not lose value.

The US Dollar has also been seen as a good investment and is a major competitor to gold. It is often being impacted by trade and political uncertainty. Whether this uncertainty is more or less than historic averages is anyone’s guess.  One week Iran in seizing oil tankers, the next week either or both China or the US are imposing new tariffs on each other. There are always threats and opportunities with the US on the world stage that could impact the value of the US dollar and its attractiveness versus gold as an investment. Some will have staying power; some are just this week’s news.

One long term factor that is impacting the price of gold is the growing demand for gold jewelry China, India, and other populous, rapidly developing countries that are becoming more affluent. Jewelry is the largest source of demand for gold, and we increasingly have people in these very populous countries looking to gold as an investment. Long term, this could push gold prices.

Gold vs. the US Dollar
The price of Gold in US Dollars into 2019
Gold in CDN Dollars 2019
The Price of Gold in Canadian Dollars in 2019

 

US interest rates spent much of the beginning of this decade at historic lows, pushing up the demand for gold as investors looked for commodities with better returns. Since early 2016, US interest rates have been steadily climbing, and it remains to be seen where the “new normal” will land as strong US economic growth could be leading to upward pressure on interest rates, while the US Fed has signalled it may keep interest rates down.

The last time gold was above $1400 USD for more than a few days was in May 2013 when the Canadian Dollar was in the mid-90 cents to the US Dollar, and in fact, most of the time gold prices were high from 2010 to 2013, the Canadian Dollar was at, or just below parity with the US Dollar. This time, the Canadian Dollar is much lower against the US Dollar, and that has resulted in putting Gold at record highs, historically, in Canadian Dollar terms.

These are, as we see it, the main reasons why gold at record highs, all-time, against the Canadian Dollar.  It is likely an excellent time to take advantage of the opportunity to cash in on any gold jewelry, coins, or investments you may have. As always, it is hard to say what the future holds. Will higher oil prices and more access to world oil markets or a change in government bring Canada’s dollar back up and gold prices down compared to the Canadian Dollar? or will continued increases in demand from industry and consumers in growing economies and political uncertainty around the world continue to push gold prices up? No one knows for sure, but that is the challenge of being an investor.

Gold Buyers Canada

What Makes Us the Top Gold Buyers in Canada?

Got gold on your mind? Before you set out to sell your precious metal items, you’ll want to find a reliable dealer to get the biggest bang for your buck. From coast to coast, when it is time to sell your gold, read on to learn what makes us the top gold buyers in Canada.

Our convenient nation-wide locations

You lead a busy life. With so much on your to-do-list, you simply don’t have the time to waste searching for places to sell your gold. If you value your time as much as we value your business, choose a company that has established businesses across Canada.

Canada Gold is the largest network of neighbourhood Canadian gold buyers and sellers. To better serve you, we have 12 locations across the country, from British Columbia to Nova Scotia.

And if you live too far from any of our locations, we also provide a free and secure mail-in option for your convenience.

Our reputation

You wouldn’t sell your gold items to just any dealer, right? The best in the business are accredited, trustworthy, and transparent companies.

Here at Canada Gold, we take great pride in our reputation. Testing is done right before your eyes. We are also accredited through the Better Business Bureau, as well as the authorized DNA dealer for the Royal Canadian Mint.

Our prices

Selling your gold items is a great way to earn some extra money. So, when it comes to getting the best prices for your gold, don’t settle for less.

Why jump on the first offer from random gold buyers in Canada when you can make more with us? Our prices can’t be beat. If you receive a higher written offer from one of our competitors, we’ll beat it by 20% of the difference. We also pay cash on the spot!

Our accurate testing

Whether you are a first-time seller or an experienced gold trader, you’ll want to get your items properly appraised to yield the highest return.

Our expert appraisers have you covered. We use state-of-the art testing equipment to ensure 99.9% accuracy. When you want to know the true value of your gold items, bring them to Canada Gold.

There are many gold buyers in Canada. Don’t put your precious metal in the hands of an inexperienced business. At Canada Gold, we are committed to providing the highest level of customer service and best prices in the industry.

What We Pay For Gold

Customer Payouts

What We Pay

For Your Gold

Customer Payouts

What We Pay For Your Gold

Learn about

Selling your gold

We believe that having the right information and knowing what your gold is worth is the most important thing to know when deciding to sell your gold. Used and second-hand industries – from pawnshops to used car lots – have a bad reputation when offering a fair price for gold and we believe this comes from the imbalance of information between dealer and seller. The dealers often know much more about their product and it’s true value than their customer. This often results in the dealer using that knowledge to their advantage and offering the lowest price they can. If you go into a pawnshop you might expect to get a low offer and negotiate from there. So, if they initially offer you $100 and you settle on $150 you might be very happy at first… until you learn that they would have been willing to pay $300 if needed.

We want to be a different kind of business and earn your trust with transparency and honesty by always offering a fair price.
Here is how we aim to do that:

gold buyers stick image icon

We Share

We share our payout percentages here to make it easy for you to understand our margins and “what’s in it for us”

cash for gold exchange dollar green image icon for web design

Honest Pricing

We list our gold prices online for what we offer on all gold jewellery up to the minute basis so you are never surprised.

price of gold in Canada thumbs up icon image

No Pressure

There is absolutely no pressure to sell and no costs for testing to make it easy to shop around.

Learn about

Selling your gold

We believe that having the right information and knowing what your gold is worth is the most important thing to know when deciding to sell your gold. Used and second-hand industries – from pawnshops to used car lots – have a bad reputation when offering a fair price for gold and we believe this comes from the imbalance of information between dealer and seller. The dealers often know much more about their product and it’s true value than their customer. This often results in the dealer using that knowledge to their advantage and offering the lowest price they can. If you go into a pawnshop you might expect to get a low offer and negotiate from there. So, if they initially offer you $100 and you settle on $150 you might be very happy at first… until you learn that they would have been willing to pay $300 if needed. We want to be a different kind of business and earn your trust with transparency and honesty by always offering a fair price.

Here is how we’re different:

sell gold buyer stick figure image for web design

We Share

We share our payout percentages here to make it easy for you to understand our margins and “what’s in it for us”

cash for gold exchange dollar green image icon for web design

Honest Pricing

We list our gold prices online for what we offer on all gold jewellery up to the minute basis so you are never surprised.

price of gold in Canada thumbs up icon image

No Pressure

There is absolutely no pressure to sell and no costs for testing to make it easy to shop around.

Where Does the Money Go?

Our 2017 Gold Purchase Audit

As you can see, the payout to customers for their gold makes up for the largest amount. We pay a minimum of 80% on all scrap jewellery and much more for bullion, premium jewellery, and large amounts of gold. In 2017, our average payout for refined gold was 91% of the market rate of gold.

Gold Refining Audit

By percentage

vancouver gold buyer stat breakdown transparent image

Where Does the Money Go?

Where Does the Money Go?

As you can see, the payout to customers for their gold makes up for the largest amount. We pay a minimum of 80% on all scrap jewellery and much more for bullion, premium jewellery, and large amounts of gold. In 2017, our average payout for refined gold was 91% of the market rate of gold.

Gold Refining Audit

By percentage

vancouver gold buyer stat breakdown transparent image

Our business is based off volume and we help people cash out on millions of dollars of gold every year. We strive to keep our costs as low as possible while still offering the highest level of expertise and a safe place to sell valuables.

Other businesses that pay less often have much lower volumes and much higher costs per dollar of gold they bring in.

Timing

When is the right time to sell?

Our business is based off volume and we help people cash out on millions of dollars of gold every year. We strive to keep our costs as low as possible while still offering the highest level of expertise and a safe place to sell valuables.

Other businesses that pay less often have much lower volumes and much higher costs per dollar of gold they bring in.

Timing

When is the right time to sell?

Our prices are

based on

two factors:

buy gold Canada information image
gold buyer percentage payout image

Our prices are based on two factors:

buy gold Canada information image
gold buyer percentage payout image

Market Price

In terms of the market price for gold, as of early 2018, we are at about $1700/oz which is way above the long-term average and over 90% of the all-time high reached in 2012 of around $1800/oz. So, based on past gold prices, this is one of the best times to sell. Projecting forward is much harder and at any given moment you can find lots of varied opinions on whether gold prices and going to go up or down. We never try to time the market with our sales and refining, but we have lots of customers who keep a close eye on what’s happening with gold price to decide when to come in.

gold prices NYSE graph 2008- 2018

Money Talk

Our Payouts

When we opened for business, gold was around $600/oz (compared to around $1700/oz as of May 2018) and our prices started at 73% of spot price for scrap gold – which was significantly over the industry average of 40%-50% offered by most local and mail-in buyers. As we have grown, higher volumes and better testing have allowed us to raise our starting and minimum prices to 80% of the market value in our gold. In addition, we now pay much higher prices for premium items such as bullion, coins, jewellery with diamonds, brand name items, and large purchases. Factoring in all gold purchases, our average CASH FOR gold payout was 91% of spot price in 2017 – our highest payout percentage ever.

Do you pay the most?

A quick google search will find lots of articles like THIS ONE that show that most gold buyers across the industry pay between 30-60% of the market value for scrap gold. In Kiplinger.com’s post, one buyer even offered 9%! Canada Gold offers a minimum payment of 80% of the spot PRICE OF GOLD IN CANADA, and higher for bullion, premium items, and larger transactions. In many areas, our prices are the highest advertised price out there!

Obviously, the advertised price is not everything though, and what really matters is getting the highest actual offer for your gold. Differences in how the metal is tested (the composition of the gold, any subtractions for stones, etc), fees and minimums, and the occasional dishonest dealer – we recommend checking with the Better Business Bureau – make it much better to actually compare offers for your gold rather than just the listed prices (warning though – if the dealer does not list a price or won’t tell you over the phone what they pay they almost always offer very low rates). We are very confident that the offer you receive from us will be the highest, and if you do receive a higher offer we will beat that price by 120% of the difference.

Higher payouts lead to more business, more referrals, and more happy customers!

Market Price

In terms of the market price for gold, as of early 2018, we are at about $1700/oz which is way above the long-term average and over 90% of the all-time high reached in 2012 of around $1800/oz. So, based on past gold prices, this is one of the best times to sell. Projecting forward is much harder and at any given moment you can find lots of varied opinions on whether gold prices and going to go up or down. We never try to time the market with our sales and refining, but we have lots of customers who keep a close eye on what’s happening with gold price to decide when to come in.

gold prices NYSE graph 2008- 2018

Money Talk

Our Payouts

When we opened for business, gold was around $600/oz (compared to around $1700/oz as of May 2018) and our prices started at 73% of spot price for scrap gold – which was significantly over the industry average of 40%-50% offered by most local and mail-in buyers. As we have grown, higher volumes and better testing have allowed us to raise our starting and minimum prices to 80% of the market value in our gold. In addition, we now pay much higher prices for premium items such as bullion, coins, jewellery with diamonds, brand name items, and large purchases. Factoring in all gold purchases, our average CASH FOR gold payout was 91% of spot price in 2017 – our highest payout percentage ever.

Do you pay the most?

A quick google search will find lots of articles like THIS ONE that show that most gold buyers across the industry pay between 30-60% of the market value for scrap gold. In Kiplinger.com’s post, one buyer even offered 9%! Canada Gold offers a minimum payment of 80% of the spot PRICE OF GOLD IN CANADA, and higher for bullion, premium items, and larger transactions. In many areas, our prices are the highest advertised price out there!

Obviously, the advertised price is not everything though, and what really matters is getting the highest actual offer for your gold. Differences in how the metal is tested (the composition of the gold, any subtractions for stones, etc), fees and minimums, and the occasional dishonest dealer – we recommend checking with the Better Business Bureau – make it much better to actually compare offers for your gold rather than just the listed prices (warning though – if the dealer does not list a price or won’t tell you over the phone what they pay they almost always offer very low rates). We are very confident that the offer you receive from us will be the highest, and if you do receive a higher offer we will beat that price by 120% of the difference.

Higher payouts lead to more business, more referrals, and more happy customers!

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

Product Melting FAQs

While most of the gold we buy does get melted down, about 5% of the items we see do actually get polished, repaired and resold. By buying gold with the intent to resell, we are able to offer higher prices for these items. We also buy and resell diamonds and bullion. Here are some of the things we consider when determining if an item can be resold – and a premium price offered:

1) Are there any diamonds in the piece? We always pay a higher amount for items with diamonds.

2) Is the piece from a brand name like Tiffany or Cartier? Again, we always pay a premium for high-end brand name items.

3) Is there a resale market for this item? Items that are still in style and purchased in the last few years, antique jewellery, and staples (diamond studs, eternity bands) are the most likely to fit into this category.

4) How heavy is the item? While we pay a premium price for heavier jewellery, often this gold was purchased and popular when the market value of gold was much lower and the piece more affordable. Heavy jewellery (chains etc.) are usually melted downs. Smaller pieces with a high degree of craftsmanship and intricacy are more likely to be resold.

5) What kind of condition is the item in? While we do repair many pieces before reselling them, this does add to our cost. Some items move from the online store to the melting pot based on condition.

If you want to get a fair price for your gold, visit one CANADA GOLD’S LOCATIONS in Vancouver, Surrey, North Vancouver, Richmond, Hamilton, Ottawa, Calgary, Edmonton, Toronto, Ottawa, or Halifax, find one of our nearby locations here. Canada Gold is accredited with the Better Business Bureau and is an authorized DNA dealer for the Royal Canadian Mint.

*This breakdown is based on our gold purchases we refine in aggregate (so does not include items we resell like bullion or premium jewellery). Individual transactions range from payouts of 80% to 99.2% of market price. If broken out, smaller transactions would have a larger percentage of value going to wages and overhead and profit, while still returning 80% to the customer. Larger transactions paying over 91% would obviously be the opposite!

Product Melting FAQs 

While most of the gold we buy does get melted down, about 5% of the items we see do actually get polished, repaired and resold. By buying gold with the intent to resell, we are able to offer higher prices for these items. We also buy and resell diamonds and bullion. Here are some of the things we consider when determining if an item can be resold – and a premium price offered:

1) Are there any diamonds in the piece?
We always pay a higher amount for items with diamonds.

2) Is the piece from a brand name like Tiffany or Cartier?
Again, we always pay a premium for high-end brand name items.

3) Is there a resale market for this item?
Items that are still in style and purchased in the last few years, antique jewellery, and staples (diamond studs, eternity bands) are the most likely to fit into this category.

4) How heavy is the item?
While we pay a premium price for heavier jewellery, often this gold was purchased and popular when the market value of gold was much lower and the piece more affordable. Heavy jewellery (chains etc.) are usually melted downs. Smaller pieces with a high degree of craftsmanship and intricacy are more likely to be resold.

5) What kind of condition is the item in?
While we do repair many pieces before reselling them, this does add to our cost. Some items move from the online store to the melting pot based on condition.

If you want to get a fair price for your gold, visit one CANADA GOLD’S LOCATIONS in Vancouver, Surrey, North Vancouver, Richmond, Hamilton, Ottawa, Calgary, Edmonton, Toronto, Ottawa, or Halifax, find one of our nearby locations here. Canada Gold is accredited with the Better Business Bureau and is an authorized DNA dealer for the Royal Canadian Mint.

*This breakdown is based on our gold purchases we refine in aggregate (so does not include items we resell like bullion or premium jewellery). Individual transactions range from payouts of 80% to 99.2% of market price. If broken out, smaller transactions would have a larger percentage of value going to wages and overhead and profit, while still returning 80% to the customer. Larger transactions paying over 91% would obviously be the opposite!

Ready to sell your gold?

Choose from 12 locations across Canada with access to parking and transit.
We also offer a free secure mail-in option if you live far from a store.

Ready to sell your gold?

Choose from 12 locations across Canada with access to parking and transit.
We also offer a free secure mail-in option if you live far from a store.

Canadian Silver Coins

Canadian

Silver Coins

Find out what your silver coins are worth!

Canadian

Silver Coins

Find out what your silver coins are worth!

Learn about

Silver Coins

Until part way through 1968, Canadian dollars, half-dollars, quarters and dimes contained at least some silver. (nickels, as the name suggests, are made from nickel and not silver… but before they were called nickels, there were tiny silver 5-cent coins called a half-dime.)

Excluding the oldest coins and a few other rare years, most of these coins are valued based on their silver content.

Coins by Date Range

gold buyers green dot transparent image for design features

1870-1919

92.5% silver content. Many of the coins in this date range have value above their silver content if from a rare year or in good shape. The coin value guide below will help determine which coins can be sold for metal value vs. which coins should be sold for numismatic value
gold buyers green dot transparent image for design features

1920-1955

80% silver content. Each dollar of face value from these years contains 0.6 oz of pure silver, and most coins in this range sell for silver value only. But keep on the lookout for 1947 and 1948 coins - these rare years sell for much more than melt value.
gold buyers green dot transparent image for design features

1967

Dollars and half-dollars - 80% silver. Quarters and dimes: ~ half 80%, half 50% (they switched the purity these coins were made halfway through the year). Canada Gold’s payouts for these coins is based on the average of 65% silver.
gold buyers green dot transparent image for design features

1968

Dollars and half dollars - no silver content. Quarters and dimes: ~ half 50% silver, half no silver content. (The easiest way to tell them apart is to test with a magnet. Canadian coins with silver content are never magnetic, so if a 1968 quarter jumps on the magnet you know it is not silver).
gold buyers green dot transparent image for design features

1968 & later

No circulated coins from these years contain any silver content. Some common commemorative coins contain 50% silver, and some from recent years contain 92.5% silver.
gold buyers green dot transparent image for design features

1968

Dollars and half dollars - no silver content. Quarters and dimes: ~ half 50% silver, half no silver content. (The easiest way to tell them apart is to test with a magnet. Canadian coins with silver content are never magnetic, so if a 1968 quarter jumps on the magnet you know it is not silver).
gold buyers green dot transparent image for design features

1968 & later

No circulated coins from these years contain any silver content. Some common commemorative coins contain 50% silver, and some from recent years contain 92.5% silver.
gold buyers green dot image for website design

1988 & later

Silver Maple Leaf coins - These $5 bullion coins contain 1oz of pure silver.

Learn about

Silver Coins

Until part way through 1968, Canadian dollars, half-dollars, quarters and dimes contained at least some silver. (nickels, as the name suggests, are made from nickel and not silver… but before they were called nickels, there were tiny silver 5-cent coins called a half-dime.)

Excluding the oldest coins and a few other rare years, most of these coins are valued based on their silver content.

Coins by Date Range

gold dealer transparent green dot for website design

1870-1919

92.5% silver content. Many of the coins in this date range have value above their silver content if from a rare year or in good shape. The coin value guide below will help determine which coins can be sold for metal value vs. which coins should be sold for numismatic value
gold dealer transparent green dot for website design

1920-1955

80% silver content. Each dollar of face value from these years contains 0.6 oz of pure silver, and most coins in this range sell for silver value only. But keep on the lookout for 1947 and 1948 coins - these rare years sell for much more than melt value.
gold dealer transparent green dot for website design

1967

Dollars and half-dollars - 80% silver. Quarters and dimes: ~ half 80%, half 50% (they switched the purity these coins were made halfway through the year). Canada Gold’s payouts for these coins is based on the average of 65% silver.
gold dealer transparent green dot for website design

1968

Dollars and half dollars - no silver content. Quarters and dimes: ~ half 50% silver, half no silver content. (The easiest way to tell them apart is to test with a magnet. Canadian coins with silver content are never magnetic, so if a 1968 quarter jumps on the magnet you know it is not silver).
gold dealer transparent green dot for website design

1968 & later

No circulated coins from these years contain any silver content. Some common commemorative coins contain 50% silver, and some from recent years contain 92.5% silver.
gold dealer transparent green dot for website design

1968

Dollars and half dollars - no silver content. Quarters and dimes: ~ half 50% silver, half no silver content. (The easiest way to tell them apart is to test with a magnet. Canadian coins with silver content are never magnetic, so if a 1968 quarter jumps on the magnet you know it is not silver).
gold dealer transparent green dot for website design

1968 & later

No circulated coins from these years contain any silver content. Some common commemorative coins contain 50% silver, and some from recent years contain 92.5% silver.
gold buyers green dot image for website design

1988 & later

Silver Maple Leaf coins - These $5 bullion coins contain 1oz of pure silver.

Sorting & Evaluating 

Silver Coins

Here is how we sort and evaluate Canadian coins to determine their value. If there are only a few coins, you can always just look at the date ranges, and consult a price guide to determine rare years. These tips will help you sort through a big collection efficiently, but keep in mind that you do not have to sort any of your coins before coming into one of our locations. We are happy to do all sorting with you and can answer any questions you might have along the way.

Step 1: Magnet test – Canadian silver coins are not magnetic, so anything that jumps on the magnet can be set aside.

Step 2: Obverse sorting – look at the obverse (heads) side of the coin. Using the portraits (shown below) you can quickly sort the coins into date ranges – way easier than squinting for the dates at this stage initial sort.

Step 3: Final sorting – Based on the portraits, we do a final comb through for numismatic value and for silver purity. See below what we do for each range.

Coin Portraits

Asset 2

1870-1901- Victoria

old silver coin buyer calgary image

1937-1952 George VI

silver coin buyer Calgary old coin image

1902-1910 Edward VII

old coin buyer edmonton image

1953-1964 Elizabeth II

silver coin buyer Edmonton old coin image

1911-1936 – George V

old coin buyer Vancouver image

1965-1989 Elizabeth VII

Sorting & Evaluating 

Silver Coins

Here is how we sort and evaluate Canadian coins to determine their value. If there are only a few coins, you can always just look at the date ranges, and consult a price guide to determine rare years. These tips will help you sort through a big collection efficiently, but keep in mind that you do not have to sort any of your coins before coming into one of our locations. We are happy to do all sorting with you and can answer any questions you might have along the way.

Step 1: Magnet test – Canadian silver coins are not magnetic, so anything that jumps on the magnet can be set aside.

Step 2: Obverse sorting – look at the obverse (heads) side of the coin. Using the portraits (shown below) you can quickly sort the coins into date ranges – way easier than squinting for the dates at this stage initial sort.

Step 3: Final sorting – Based on the portraits, we do a final comb through for numismatic value and for silver purity. See below what we do for each range.

Coin Portraits

Asset 2

1870-1901- Victoria

old silver coin buyer calgary image

1937-1952 George VI

silver coin buyer Calgary old coin image

1902-1910 Edward VII

old coin buyer edmonton image

1953-1964 Elizabeth II

silver coin buyer Edmonton old coin image

1911-1936 – George V

old coin buyer Vancouver image

1965-1989 Elizabeth VII

Victoria, Edward VII, George V: Fewer than 5% of the coins we see are within the range of dates that include one of these portraits. It is worth reviewing each individual year with a price guide like the one below to determine which coins are worth more than melt. Coins with these portraits are split between 92.5% silver (pre 1919) and 80% silver (post 1920), so any coins that might be melted with be sorted by purity for accurate and fair payout.

George VI: ~5% of the coins we see. All of these coins are 80% silver, and most years sell for melt value. Keep watch for the 1948 dollar in particular. This rare coin is usually worth over $600 and one in specimen condition is worth thousands.

Young Elizabeth: ~50% of the coins we see. All of these coins are 80% silver and are very rarely worth more than silver value.

Slightly less young Elizabeth: ~40% of the coins we see. Some of these coins are 80% pure, some 50% – magnetic, non-silver coins will have already been removed. Since there are different purities with this same portrait, you will need to sort based on the dates. 1965 and 1966 as well as 1967 dollars and half dollars contain 80% silver. 1967 quarters and dimes are evaluated as an average of 65% silver. Non-magnetic 1968 quarters and dimes contain 50% silver (any magnetic 1968 coins have no silver).

Victoria, Edward VII, George V: Fewer than 5% of the coins we see are within the range of dates that include one of these portraits. It is worth reviewing each individual year with a price guide like the one below to determine which coins are worth more than melt. Coins with these portraits are split between 92.5% silver (pre 1919) and 80% silver (post 1920), so any coins that might be melted with be sorted by purity for accurate and fair payout.

George VI: ~5% of the coins we see. All of these coins are 80% silver, and most years sell for melt value. Keep watch for the 1948 dollar in particular. This rare coin is usually worth over $600 and one in specimen condition is worth thousands.

Young Elizabeth: ~50% of the coins we see. All of these coins are 80% silver and are very rarely worth more than silver value.

Slightly less young Elizabeth: ~40% of the coins we see. Some of these coins are 80% pure, some 50% – magnetic, non-silver coins will have already been removed. Since there are different purities with this same portrait, you will need to sort based on the dates. 1965 and 1966 as well as 1967 dollars and half dollars contain 80% silver. 1967 quarters and dimes are evaluated as an average of 65% silver. Non-magnetic 1968 quarters and dimes contain 50% silver (any magnetic 1968 coins have no silver).

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

“What to do with the (many) gold earrings where I only have one of a pair or broken pieces? With Christmas coming up, I thought I’d see if I could sell them for extra cash. After talking to friends of friends, Vancouver Gold seemed to be one of the more reputable places to take my small collection of odds and ends. The offices are clean, the staff are friendly, efficient and knowledgeable. They test and weigh the gold then calculate the cost. There is no obligation to accept their offer.”

-Yelp Review

All about

Coin value

A coin’s value as a collector’s item depends on many factors. These include its condition, historical significance, rarity, quality, design and general popularity with collectors. Generally speaking, most circulated Canadian and American silver coins are worth their material silver value, but there are certain exceptions usually based on rarity.

Coin Grading Scale

we buy gold coins in Canada

AG 3

buy silver coins as asset image

VF 35

old silver coin buyer

G 6

gold coin buyer Vancouver old coin image

XF 45

sell silver buyer old coin image

VG 10

sell gold coins Canada

AU 55

silver buyer for coins in Canada old coin image

F 12

sell silver coins old coin image

MS 63

buy silver coins Canada old coin image

VF 20

buy silver coins Canada

MS 69

Have silver coins?

Get cash for your coins!

With today’s silver coin prices, your silver coins could be worth more than you think! Canada Gold offers the highest cash payouts based on the amount of silver in your coins.

Types of coins containing silver include:

Most Canadian quarters, dimes and half-dollars before 1968
Silver dollars
Silver Maple Leafs
RCMP centennial coins
Royal Canadian Mint commemorative coins
US quarters and dimes struck before 1964
US half-dollars struck before 1970
Montreal, Calgary or Vancouver Olympics commemorative coins

sell gold for cash, image of cash fanned in hand

All about

Coin value

A coin’s value as a collector’s item depends on many factors. These include its condition, historical significance, rarity, quality, design and general popularity with collectors. Generally speaking, most circulated Canadian and American silver coins are worth their material silver value, but there are certain exceptions usually based on rarity.

Coin Grading Scale

we buy gold coins in Canada

AG 3

buy silver coins as asset image

VF 35

old silver coin buyer

G 6

gold coin buyer Vancouver old coin image

XF 45

sell silver buyer old coin image

VG 10

sell gold coins Canada

AU 55

silver buyer for coins in Canada old coin image

F 12

sell silver coins old coin image

MS 63

buy silver coins Canada old coin image

VF 20

buy silver coins Canada

MS 69

Have silver coins?

Get cash for your coins!

With today’s silver coin prices, your silver coins could be worth more than you think! Canada Gold offers the highest cash payouts based on the amount of silver in your coins.

Types of coins containing silver include:

Most Canadian quarters, dimes and half-dollars before 1968
Silver dollars
Silver Maple Leafs
RCMP centennial coins
Royal Canadian Mint commemorative coins
US quarters and dimes struck before 1964
US half-dollars struck before 1970
Montreal, Calgary or Vancouver Olympics commemorative coins

sell gold for cash, image of cash fanned in hand

All about

Coin value

A coin’s value as a collector’s item depends on many factors. These include its condition, historical significance, rarity, quality, design and general popularity with collectors. Generally speaking, most circulated Canadian and American silver coins are worth their material silver value, but there are certain exceptions usually based on rarity.

Coin Grading Scale

we buy gold coins in Canada

AG 3

sell silver buyer old coin image

G 6

old silver coin buyer

VG 10

silver buyer for coins in Canada old coin image

F 12

buy silver coins Canada old coin image

VF 20

buy silver coins as asset image

VF 35

sell silver coins old coin image

MS 63

gold coin buyer Vancouver old coin image

XF 45

sell gold coins Canada

AU 55

buy silver coins Canada

MS 69

Have silver coins?

Get cash for your coins!

buy gold for cash image of american dollar bills

With today’s silver coin prices, your silver coins could be worth more than you think! Canada Gold offers the highest cash payouts based on the amount of silver in your coins.

Types of coins containing silver include:

Most Canadian quarters, dimes and half-dollars before 1968
Silver dollars
Silver Maple Leafs
RCMP centennial coins
Royal Canadian Mint commemorative coins
US quarters and dimes struck before 1964
US half-dollars struck before 1970
Montreal, Calgary or Vancouver Olympics commemorative coins

Ready to talk silver?

Choose from 12 locations across Canada with access to parking and transit.

Gold Jewelry We Buy

Selling Your Gold Jewelry

Is your gold jewelry collecting dust? Sell it at any Canada Gold location or come in for a free, no-obligation evaluation.

gold ring buyer image transparent

Selling Your
Gold Jewelry

Is your gold jewelry collecting dust? Sell it at any Canada Gold location or come in for a free, no-obligation evaluation.

How are we different?

While other cash for gold dealers, roadshows and mail-in services offer only pennies on the dollar for your gold jewelry, Canada Gold is proud to offer among the most cash for gold in Canada. Browse through the different types of gold jewelry we buy and find your nearest Canada Gold location. Check out up to date GOLD PRICE CANADA page. 

What we accept

Types of gold jewelry we buy

Gold Rings 

Image 61
Read More

Gold Earrings

Image 47
Read More

Gold Necklaces

Image 67
Read More

Gold Chains

Image 64
Read More

Gold Bracelets

where to sell gold ring image
Read More

Gold Class Rings

Image 61
Read More

Gemstones + Diamonds

Image 69
Read More

Estate Jewelry

Image 68
Read More

Have any questions? Contact us today or come in to a nearby location!

How are we different?

While other cash for gold dealers, roadshows and mail-in services offer only pennies on the dollar for your gold jewelry, Canada Gold is proud to offer among the most cash for gold in Canada. Browse through the different types of gold jewelry we buy and find your nearest Canada Gold location. Check out up to date GOLD PRICE CANADA page. 

What we accept

Types of gold jewelry we buy

Gold Rings

Image 61
Read More

Gold Earrings

Image 47
Read More

Gold Necklaces

Image 67
Read More

Gold Chains

Image 64
Read More

Gold Bracelets

where to sell gold ring image
Read More

Gold Class Rings

Image 61
Read More

Gemstones + Diamonds

Image 69
Read More

Estate Jewelry

Image 68
Read More

Have any questions? Contact us today or come in to a nearby location!

Price & Payout Table

Most Common Items

Most Common Items

Prices updated as of 10/23/2019 01:00 PM EST. Prices are subject to change with the market price of gold, silver, and platinum.

Minimum Price by Karat or Purity Payout
Gold Maple Leaf Coin 9999 $1,911.06/coin
24kt (99.9% pure gold) $50.16/g
22kt (91.6% pure gold) $44.94/g
Gold Nuggets/Placer Gold $37.17/g
18kt (75.0% pure gold) $37.50/g
Yellow Dental Gold $27.47/g
White Dental Gold $10.53/g
14kt (58.5% pure gold) $28.22/g
10kt (41.7% pure gold) $19.86/g
Silver Maple Leaf Coin $23.09/coin
Sterling Silver Flatware $0.48/g
Sterling Silver Jewellery $0.44/g

Price & Payout Table

Most common items

Most Common Items

Prices updated as of 10/23/2019 01:00 PM EST. Prices are subject to change with the market price of gold, silver, and platinum.

Minimum Price by Karat or Purity Payout
Gold Maple Leaf Coin 9999 $1,911.06/coin
24kt (99.9% pure gold) $50.16/g
22kt (91.6% pure gold) $44.94/g
Gold Nuggets/Placer Gold $37.17/g
18kt (75.0% pure gold) $37.50/g
Yellow Dental Gold $27.47/g
White Dental Gold $10.53/g
14kt (58.5% pure gold) $28.22/g
10kt (41.7% pure gold) $19.86/g
Silver Maple Leaf Coin $23.09/coin
Sterling Silver Flatware $0.48/g
Sterling Silver Jewellery $0.44/g

Is your jewelry collecting dust?

Choose from 12 locations across Canada with access to parking and transit.We also offer a free secure mail-in option if you live far from a store.

Is your jewelry collecting dust?

Choose from 12 locations across Canada with access to parking and transit. We also offer a free secure mail-in option if you live far from a store.

Selling Your Gold Jewelry

Is your gold jewelry collecting dust? Sell it at any Canada Gold location or come in for a free, no-obligation evaluation.

gold ring buyer image transparent

Selling Your
Gold Jewelry

Is your gold jewelry collecting dust? Sell it at any Canada Gold location or come in for a free, no-obligation evaluation.

How are we different?

While other cash for gold dealers, roadshows and mail-in services offer only pennies on the dollar for your gold jewelry, Canada Gold is proud to offer among the most cash for gold in Canada. Browse through the different types of gold jewelry we buy and find your nearest Canada Gold location. Check out up to date GOLD PRICE CANADA page. 

What we accept

Types of gold jewelry we buy

Gold Rings 

Image 61
Read More

Gold Earrings

Image 47
Read More

Gold Necklaces

Image 67
Read More

Gold Chains

Image 64
Read More

Gold Bracelets

where to sell gold ring image
Read More

Gold Class Rings

Image 61
Read More

Gemstones + Diamonds

Image 69
Read More

Estate Jewelry

Image 68
Read More

Have any questions? Contact us today or come in to a nearby location!

How are we different?

While other cash for gold dealers, roadshows and mail-in services offer only pennies on the dollar for your gold jewelry, Canada Gold is proud to offer among the most cash for gold in Canada. Browse through the different types of gold jewelry we buy and find your nearest Canada Gold location. Check out up to date GOLD PRICE CANADA page. 

What we accept

Types of gold jewelry we buy

Gold Rings

Image 61
Read More

Gold Earrings

Image 47
Read More

Gold Necklaces

Image 67
Read More

Gold Chains

Image 64
Read More

Gold Bracelets

where to sell gold ring image
Read More

Gold Class Rings

Image 61
Read More

Gemstones + Diamonds

Image 69
Read More

Estate Jewelry

Image 68
Read More

Have any questions? Contact us today or come in to a nearby location!

Price & Payout Table

Most Common Items

Most Common Items

Prices updated as of 10/23/2019 01:00 PM EST. Prices are subject to change with the market price of gold, silver, and platinum.

Minimum Price by Karat or Purity Payout
Gold Maple Leaf Coin 9999 $1,911.06/coin
24kt (99.9% pure gold) $50.16/g
22kt (91.6% pure gold) $44.94/g
Gold Nuggets/Placer Gold $37.17/g
18kt (75.0% pure gold) $37.50/g
Yellow Dental Gold $27.47/g
White Dental Gold $10.53/g
14kt (58.5% pure gold) $28.22/g
10kt (41.7% pure gold) $19.86/g
Silver Maple Leaf Coin $23.09/coin
Sterling Silver Flatware $0.48/g
Sterling Silver Jewellery $0.44/g

Price & Payout Table

Most common items

Most Common Items

Prices updated as of 10/23/2019 01:00 PM EST. Prices are subject to change with the market price of gold, silver, and platinum.

Minimum Price by Karat or Purity Payout
Gold Maple Leaf Coin 9999 $1,911.06/coin
24kt (99.9% pure gold) $50.16/g
22kt (91.6% pure gold) $44.94/g
Gold Nuggets/Placer Gold $37.17/g
18kt (75.0% pure gold) $37.50/g
Yellow Dental Gold $27.47/g
White Dental Gold $10.53/g
14kt (58.5% pure gold) $28.22/g
10kt (41.7% pure gold) $19.86/g
Silver Maple Leaf Coin $23.09/coin
Sterling Silver Flatware $0.48/g
Sterling Silver Jewellery $0.44/g

Is your jewelry collecting dust?

Choose from 12 locations across Canada with access to parking and transit.We also offer a free secure mail-in option if you live far from a store.

Is your jewelry collecting dust?

Choose from 12 locations across Canada with access to parking and transit. We also offer a free secure mail-in option if you live far from a store.

Sell Gold in Calgary

Earn Extra Money: How to Sell Gold in Calgary

Are you thinking about selling your gold? Trading in your unwanted jewelry is a great way to make some extra cash. But before you set out to peddle your pieces, you want to make sure you know the proper steps to take. To help you make the most of the jewelry selling process, we have put together some handy tips on how to sell gold in Calgary.

Get an appraisal

Knowing the value of what you have is always a good idea. Whether you are selling your gold or looking to get a handle on the value of your jewelry, you will want to get your items properly appraised. Keep in mind, however, many jewelry businesses charge for this service.
At Canada Gold, we understand the importance you should place on knowing what you have. That is why we provide free estimates on all your gold items, helping you make better-informed jewelry selling decisions.

Calculate the karats

When it comes to the value of gold jewelry, it is all about the gold karats. While the chances that your jewelry might be made from pure gold is rare, you will still be able to get a great return based on the karat count of your items.
Whether you have 10-, 14- or 18-karat gold jewelry, Canada Gold pays the best price for all your gold items. In fact, if you find a higher written offer, we will not only match it, we will also beat the quote by 20% of the difference.

Consider the best time to sell

Gold is a commodity. And like any commodity, there are certain times when you can get more money for your gold jewelry, depending on supply and demand. Keeping tabs on the prices of gold online will help you get a decent reference point on when you might want to sell your gold.
Not sure where to turn for gold price listings? We update our Canada gold prices each day, so you will always have a good idea of the value of your items when you are ready to sell gold in Calgary.

Sell gold in Calgary with mail-in services

Got gold to sell but can’t get to a gold buyer? Not everyone lives near a jeweler. But just because you can’t get to one in your area, doesn’t mean you are out of luck.
At Canada Gold, we offer a free and secure mail-in option for your gold selling convenience. Once we receive your gold pieces, the results of your item appraisal, along with your payment, will be sent to you in as little as a day.

Go with a reliable gold buyer

It took a while for you to decide to part with your jewelry. Don’t put your valuable items in the hands of just any Calgary gold buyer. When you are ready to trade in your gold, choose a company you can trust.
In the gold selling and buying industry, trust means everything. Canada Gold is proud to be accredited through the Better Business Bureau. We are also the authorized DNA dealer for the Royal Canadian Mint.

Are you ready to sell or buy gold in Calgary? For quality service and the best price guaranteed for all your gold items, contact Canada Gold today!

best place to sell gold chains Canada

Best Place to Sell Gold (Locations Across Canada)

Looking to make some extra cash? Well, rummaging around in your jewelry box might be a great place to start. Selling your gold has never been easier—or more confusing. With so many options out there, finding the right buyer can be overwhelming. To help you get top dollar for your jewelry, here are some tips on how to find the best place to sell gold across Canada.

Check reputation

Never have there been so many places to sell your gold. So, it is important to do a little homework to find a reputable buyer. Check to see that they are accredited through the Better Business Bureau. It is also a good idea to investigate other trustworthy companies the buyer might be associated with like the Royal Canadian Mint or the Gemology Institute of America (GIA). A little research now can save you some major headaches, hassles, and lost money later.

Look for experience

When it comes to getting the best prices for your shiny items, you will want to choose a buyer with the right skills and experience. Using the latest equipment, the best gold buyers in Canada have expert appraisers that will provide free, no-obligation testing and evaluation of your gold jewelry, offering you premium prices on all your items.

Find a location close by

You lead a busy lifestyle. You simply don’t have the time to be driving around all day looking for places to sell your jewelry. Reliable gold buyers have established businesses all over Canada. Companies like Canada Gold even offer a handy and secure mail-in option, making selling your jewelry more convenient and easier.

Read reviews

You don’t want to hand your precious jewelry over to just anyone. When you are ready to sell your gold, go with a business that has the reputation and glowing reviews to back them up. Search online for customer reviews and testimonials. A reliable gold seller can also provide you with some recommendations.

Get the best quote

Don’t just go with the first quote you are offered. If you are expecting some hefty returns for your jewelry, you will obviously want to choose a gold buyer that offers the best price. The right business will not only match their competitor’s offer but also beat it.

Whether you are a first-time seller or an experienced gold trader, finding the best gold buyer can be a challenge. Not so with Canada Gold. We offer a free quote on your gold items, backed by our 120% price guarantee.

best place to sell gold jewelry

Where Can I Get Cash for Gold: Top Reasons to Sell Your Jewelry

Whether you’re looking to buy something for that special someone or pay off a few bills, extra cash can always come in handy. But like the old saying goes, money doesn’t grow on trees. While that is certainly true, you may have a source of income that you haven’t even considered—your jewelry box. Selling your gold pieces can fetch you a decent return, giving you some money when you need it most. If you are starting to ask yourself, “Where can I get cash for gold in Canada?”, here are the top reasons to finally sell your jewelry.

Sell Out-of-fashion gold pieces

Times change and so do jewelry trends. We’ve all been there before. That stylish necklace we just had to have is now probably collecting dust at the bottom of a drawer somewhere. Even though the gold itself is timeless, jewelry fashion has a shelf life. If you can’t remember the last time you wore (or wanted to wear) some of your jewelry, it’s probably a good idea to sell it to a reliable gold buyer.

Broken gold pieces

When your jewelry gets damaged, those once precious pieces can cause a major eyesore that keeps them out of your rotation. Why hang on to bent earrings, mangled necklaces, and broken-down watches if you can turn them into cold, hard cash instead? With a trusted gold buyer, you can easily line your wallet with money by selling off broken jewelry.

End of a relationship

It’s surprising, isn’t it? That same piece of jewelry that made you feel so close to that special someone can also fill you with sadness or anger when a relationship ends. When the mere sight of that gold ring or bracelet stirs up painful memories, selling gold pieces can help you move on.

Selling gold is easy

Long gone are the days of pacing the streets in search of an honest pawnshop to sell your gold items to. Today, you don’t even have to leave the comfort of your own home to trade in your jewelry. Simply mail in your items to a company like Canada Gold, and in as little as a day, they will send off your money, saving you the headaches and hassles of all that endless searching.

Bottom line? There are tons of reasons why people want to sell their gold. No matter your reasons, it’s great to know you have reliable, fast, and convenient options out there to get the best price for your jewelry. So, the next time you ask yourself, “Where can I get cash for gold?”, the right answer is always Canada Gold.

What Is the Gold Price in Canada: How to Tell If Your Gold Is Fake.

Gold items can fetch you a pretty penny in today’s gold-hungry market. And for those of you wanting to sell this precious metal, you’ll want to make sure that your gold jewelry is the real deal. So, while you are asking yourself, “what is the gold price in Canada?”, it might also be a good idea to check if that gold ring or necklace is truly authentic or just a cheap knockoff. To help you get the best return on your jewelry here is how to tell if your gold is fake.

Look for the hallmark

One of the easiest ways to test if your gold is real is to look at it. Most gold jewelry has engravings or markings verifying the carat weight. But keep in mind, stamps can fade over time—and counterfeiters have come up with some sophisticated ways of engraving. Checking for stamps or marks might not be the best foolproof test, but it’s a good place to start.

Try a magnet

Not all metals are created equal—some are magnetic, and some aren’t. Gold definitely falls into the “not” category. To test the authenticity of your jewellery, hold a magnet to it. If it sticks, it stinks. That said, many metals are non-magnetic, so you won’t want to solely rely on the magnet test to check if your gold is fake.

Drop it in water

A quick and easy way to test to see if you have an authentic piece of jewelry is to drop it in water. Gold is a heavy metal. So, if you place real gold in a cup of water, it should sink to the bottom. If it floats, you’ll know it is a fake.

Perform a liquid foundation test

The foundation test—it’s not the most reliable test, but it can work. Start by putting some liquid foundation on your forehead. Then, rub the gold piece across the covered area. If you see a black streak, you’ve got yourself some real gold.

Get it professionally appraised

Want to know without a shadow of a doubt if your gold is real or not? Have your jewelry appraised by a professional.  Reliable gold buyers have the experience and the state-of-the-art equipment to test your gold for its authenticity.

Checking the authenticity of your gold isn’t tough—it just takes a little know-how and the right gold buyer. So, the next time you ask yourself, “what is the gold price in Canada?”, don’t forget to test if your gold items are real.

buy gold bars canada

Top Mistakes to Avoid When Looking for The Best Place to Buy Gold

Planning on purchasing gold? Well, you’ll want to do your homework, first. Blunders happen. And when they do, mistakes can wind up costing money and headaches down the road. While there’s no doubt you can learn from your mistakes, sometimes, it’s just better to avoid them altogether. Don’t leave gold trading to trial and error. Here are the top mistakes to avoid when you’re searching for the best place to buy gold in B.C.

Leaving gold buyers out of the process

Buying gold is an exciting and confusing process. If you don’t know what you’re doing, you can get ripped off. When it comes to making the best purchasing decision possible, it’s always a good idea to consult with a specialist. They have the knowledge and the experience to thoroughly explain the procedure, helping you to dodge costly mistakes.

Not doing your research

Impulse buying. We’ve all been there. If you want to make the best buying decisions, you simply have to do your research. Learn about the gold buying and selling community, the items you plan to purchase, and how much they are worth—think karat count. Without the proper knowledge, you can leave yourself wide open to frustration, disappointment, and poor-quality gold.

Paying too much

Purchasing gold items can be tricky, so you’ll want to take a few steps to avoid paying too much. Remember, gold is a commodity. And like all commodities, the prices can vary from day to day. So, make sure that you’re not paying too much markup over the spot price of gold. It can be easy to check the price of gold in any currency online.

Going with the first gold seller you see

Not all gold sellers are created equal. Shopping around can take a little time, but to get quality gold items, it really is time well spent. Whether you’re going door-to-door or searching online, choose a reputable business that offers quality items at reasonable prices, saving you hassles and money. So, if you’re looking for superior jewelry, track down the best place to buy gold.

Buying gold in B.C. can be a little daunting—but it doesn’t have to be. With some research and the right gold seller, you’ll get quality gold items, without costing you an arm and a leg to get them.

For the best place the buy gold in B.C., contact Canada Gold today!