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Tag: gold

Selling Scrap Gold

Selling Scrap Gold

Do you have unwanted, broken or out of fashion gold items. East Coast Coins buys everything gold from rings, chains, bangles, earrings to even dental gold and gold coins and stamps.

We are amongst the leading dealers in Canada in bullion gold and collectibles. We will guarantee you the best price available and unlike many buyers will tell you what we are paying per gram when we make you an offer. We generally pay up to double nationally advertised companies rates.

We will travel to your home to make you an offer or you can come to us, just simply give us a call to make an appointment. Sporadically we will be set up at hotels throughout the province and you can just come in and see us, no appointment is necessary. These dates will be posted on this page. Watch for ads in your local paper, we may even send out flyers to your home.



    You decide to invite 5 – 10 of your friends over for a social at your house. Your friends agree to bring their scrap gold jewellry (broken chains, unused rings, bangles, watches etc.) At a time decided by you, we will show up with cash and buy your friends scrap gold (our experts will be able to test and weigh your gold). It usually takes less than 30 minutes. We guarantee to pay more than any nationally advertised buyers and we’ll do it in the comfort of your home.

    For every gram of gold we buy, we pay you, the host or hostess $1 per gram. Its not unusual for us to buy 500 grams per gold party and we’ve bought up to 2000 grams. That would mean $500 to $2000 cash for you at the end of the night and your friends get to leave with pockets of cash as well.

    We pay significantly more than anyone in Newfoundland and will provide professional, courteous and private service.

    We are not jewelers, we are bullion dealers so please don’t bring your jewelry that is worth more to you than the gold value such as diamond rings etc. While we do buy these items we are not usually interested unless they are outstanding pieces of jewellery.
Some of

What to Sell

  • Pocket Watch

    Many pocket watches are plated or gold filled but the 14k or 18k gold ones are quite valuable even if broken
  • Canada $100

    One of the most common items we buy is Canada $100 gold coins. Please call for a quote
  • Scrap Gold

    $20,000 worth of scrap gold – 14K
  • Gold rings

    Buying all gold rings


If you are selling your gold items make sure you remember these tips:
  • Insist the buyer tells you how much they are paying per gram
  • Ensure you know the weight and carat of your gold in grams before you sell
  • Try to get three offers before you sell anything

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The prices quoted here should be used as a rough guide. As silver and gold prices change, the listed prices here may also change dramatically
Each year we get thousands of inquiries from people asking how much their coins are worth. This is not a simple question to answer however 90% of the purchases we make are fairly simple for a non-collector to figure out. Firstly, there are three main factors that affect a coin’s value :
  • Age
  • Scarcity
  • Condition

The most important factor is condition and age is the least important. For example in regards to age, we would pay you $10 for a 1991 Canada quarter yet we could sell an 1870 Canada Quarter for $5. In most cases the condition of the coin is the most important factor and in most cases we would have to see the coin to determine the condition or grade. If for instance you were going to buy an old car and it is dated 1955, the value would vary greatly if the car is not running and rusted versus a car which is in mint condition.

The same logic works in the collectibles market with some exceptions (some used stamps are worth much more than mint ones). The problem we most often encounter is that when people do their own research they look to sites like ebay and find a coin the same year as theirs and automatically assume their coin is of the same value. Coin condition is determined by a numerical grading scale which goes from 0 – 70. The most common grades are as follows: G-4 (well worn), VG-8, F-12, VF-20, EF-40 (some wear), AU-50, MS60 (Mint State), MS63, MS-64, MS-65. Any coins with a grade MS60 or higher are Mint State or have no wear whatsoever on them. The problem occurs when people go to the internet and see a coin of the same year as theirs in MS65 which is in pristine mint condition and they assume their coin which might be G-4 condition is worth the same price.

The only true way to find out the value of your collectibles is to try to sell them. There are hundreds of different price guides many of which are offered at better book stores. We carry them as well. Although an item is assigned a book value, that does not necessarily mean you will get that price. We have also seen instances where items sell far beyond their book value. If you are unsure of value and want a free quote, drop us a line with a picture of the item if possible.


Many coins in the Canadian and Newfoundland series are very common and only worth their silver value. There are many hundreds that we could list and as mentioned the higher the grade or condition (especially on early issues) the higher the price. Of course, as silver and gold prices change so will the value of your coins which are related to the bullion value.

We really need to see your coins to give you a fair appraisal or offer but without being able to do that we can offer you some general guidelines based on what we see most often.

If you are buying coins – especially scarce ones, be sure to get the contact information of the person you are buying from and some ID as the market has been flooded with counterfeit coins from China in recent years and they are very good quality, In most cases, it would take an expert to tell the fakes from the real thing.

Remember, these are base prices of what we are paying. Higher grade coins could command much higher prices:
  • Common Newfoundland half dollars: $7.50 each and up each
  • Common Newfoundland 20 and 25 cents: $3.75 each and up
  • Common Newfoundland 10 cents : $1.50 each and up
  • Common Newfoundland 5 cents: 75 cents each and up
  • Common Newfoundland Large cents: $1.00 each and up
  • Common Newfoundland small cents: 10 cents each and up
  • Newfoundland $2 gold : $250.00 each and up

Coin Examples

Example 1
  • coin-value-examples-1

  • coin-value-examples-2

To the above left is a Canada 50 cent piece made of nickel (worth face value). To the right is a Canada Silver 50 cent piece (1967 and earlier) worth at least $5 each. Note. The nickel half dollars will stick to a magnet.

Example 2
  • coin-value-examples-3

  • coin-value-examples-4

The above left shows a mint condition (MS64) George V 50 cent coin and the above right shows a coin of the same year in well worn condition (VG8).
Scarcer Newfoundland coins:
  • 1 CENT:

    • 1885 and 1888 – $20 each and up

    • 1880 Oval O – $75 each and up

  • 5 CENT:

    • All before 1888 are scarce

    • 1885: $100 each and up

    • 1876 : $75 each and up

    • 1873: $200 and up

    • 1873H: $650 and up

    • 1946: $800 and up

  • 10 CENT:

      1870: $100 each and up

  • 20 CENT:

    • All are common – value depends largely on the grade and need to be priced individually

  • 50 CENT:

    • All from 1904 – 1919 are common – this series depends largely on the grade or condition.

  • Canadian Coins:


    • 5 cent silver

      75 cents
    • 10 cent silver

      $1.50 each
    • 25 cent silver

      $3.75 each
    • 50 cent silver

      $7.50 each
    • Silver Dollars

      $15 each
    These prices are subject to change based on the price of silver.


    • 10 cent silver

      $1.10 cents
    • 25 cent silver

      $2.75 each
    • 50 cent silver

      $7.50 each
    • Silver Dollars

      $15.00 each


    • 10 cent silver

      80 cents
    • 25 cent silver

      $2.00 each
    Midway through 1968 Canada stopped using silver in its coinage. If your coins stick to a magnet they are not silver and are of no value to us.

    Scarce Canadian Coins:


      • 1948: $850 and up

      • 1947 (any type): $80 and up

      • 1946: $30 and up

      • 1945: $100 and up

      • 1938: $30 and up

    • 50 CENTS

      • 1948: $75 and up

      • 1932: $125 and up

      • 1921: very rare – beware of counterfeits – please call

      • 1905, 1904 – $100 and up

      • 1901 and earlier: $25 – $850 in low grade to $10,000 + in high grade

    • 25 CENT:

      • 1927: $10 and up

      • 1915: $10 and up

      • 1893, 1889, 1887, 1885, 1880,1875: all $50 and up if in problem free collectible condition

    • 10 CENT:

      • 1969 with a large date: $7000 and up

      • 1889: $200 and up

      • 1884: $50 and up/div>

      • 1875: $100 and up/div>

    • 5 CENT:

      • 1925: $50 and up

      • 1921: $2000 and up

      • 1884, 1875: $50 and up

    • CENT:

      • 1922, 1923, 1925: $10 each and up

      • 1858: $30 and up

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