(updated
Valuating the 1976 Montreal Olympics silver coins...
(allow adequate time for the numerous high-resolution images to load)
The information here can be used to determine the value of this series of silver coins.
Note: all coins have a numismatic value, and the numismatic value is disregarded in these valuations.
1976 Montreal Olympics silver coins...
All coins in this set are 92.5% silver.
The conversion factor for troy ounces is needed to convert the statistical weight (mass) of coins to the measure most commonly used in the buying and selling of precous metals.
"The troy ounce (ozt) is a unit of imperial measure. In the present day it is most commonly used to gauge the value of precious metals. One troy ounce is equivalent to 31.1034768 grams." (Wikipedia link)
Divide the weight in grams by 31.1034768 to get the equivalent in troy ounces.
The $10 denomination coins have a mass of 48.600g, making them 1.4453 ozt (troy ounces) of silver each.
(48.600g x 92.5% / 31.1034768 = 1.4453 ozt)
The $5 denomination coins have a mass of 24.300g, making them .7227 ozt of silver each.
(24.300g x 92.5% / 31.1034768 = 0.7227 ozt)
Coin Descriptions...
There are 4 coins in each of the 7 series. Series 1 was released in 1973. Series 2 and 3 were released in 1974. Series 4 and 5 were released in 1975. Series 6 and 7 were released in 1976. Note: quantities refer to my own collection. 16 - $10 denomination, 15 - $5 denomination.
|
Number
|
Denomination |
Description
|
Troy Ounces
|
Quantity
|
Reverse
|
|
01
|
$10
|
Map of The World
|
1.4453 ozt
|
1
|
 |
|
02
|
$5
|
Map of North America
|
.7227 ozt
|
1
|
 |
|
03
|
$10
|
Montreal Skyline
|
1.4453 ozt
|
1
|
 |
|
04
|
$5
|
Kingston and Sailboats
|
.7227 ozt
|
1
|
 |
|
05
|
$10
|
Head of Zeus
|
1.4453 ozt
|
1
|
 |
|
06
|
$5
|
Athlete with Torch
|
.7227 ozt
|
1
|
 |
|
07
|
$10
|
Temple of Zeus
|
1.4453 ozt
|
1
|
 |
|
08
|
$5
|
Olympic Rings and Wreath
|
.7227 ozt
|
2
|
 |
|
09
|
$10
|
Lacrosse
|
1.4453 ozt
|
1
|
 |
|
10
|
$5
|
Canoeing
|
.7227 ozt
|
1
|
 |
|
11
|
$10
|
Cycling
|
1.4453 ozt
|
1
|
 |
|
12
|
$5
|
Rowing
|
.7227 ozt
|
1
|
 |
|
13
|
$10
|
Men's Hurdles
|
1.4453 ozt
|
1
|
 |
|
14
|
$5
|
Marathon
|
.7227 ozt
|
1
|
 |
|
15
|
$10
|
Women's Shot Put
|
1.4453 ozt
|
1
|
 |
|
16
|
$5
|
Women's Javelin
|
.7227 ozt
|
1
|
 |
|
17
|
$10
|
Paddling
|
1.4453 ozt
|
1
|
 |
|
18
|
$5
|
Diving
|
.7227 ozt
|
1
|
 |
|
19
|
$10
|
Sailing
|
1.4453 ozt
|
1
|
 |
|
20
|
$5
|
Swimming
|
.7227 ozt
|
1
|
 |
|
21
|
$10
|
Field Hockey
|
1.4453 ozt
|
2
|
 |
|
22
|
$5
|
Fencing
|
.7227 ozt
|
1
|
 |
|
23
|
$10
|
Soccer
|
1.4453 ozt
|
2
|
 |
|
24
|
$5
|
Boxing
|
.7227 ozt
|
1
|
 |
|
25
|
$10
|
Olympic Stadium
|
1.4453 ozt
|
1
|
 |
|
26
|
$5
|
Olympic Village
|
.7227 ozt
|
1
|
 |
|
27
|
$10
|
Olympic Velodrome
|
1.4453 ozt
|
1
|
 |
|
28
|
$5
|
Olympic Flame
|
.7227 ozt
|
1
|
 |
Use Windows' built-in calculator to assist with the arithmetic...
(typically found on a PC in this location - c:\windows\system32\calc.exe)
Click on Start > (All) Programs > Accessories > Calculator.
The bid/ask price for silver can be found here...
Bid price of $45.23 on April, 20, 2011 at 5:15 PM EDT.
The prices shown at the Kitco site are in American dollars.
|
Troy Ounces
|
Current Bid Price (per troy ounce)
|
Value, in American Dollars
|
|
___________ ozt
|
$ _______.__
|
$ _______.__
|
Convert to Canadian dollars, based on rates that can be found here...
The exchange rate was $1.0496 on April 20, 2011.
|
Value, in American Dollars
|
Value, in Canadian Dollars
|
|
$ _______.__
|
$ _______.__
|
Valuating these coins at a given point in time...
I have chosen April 4, 2011 for these calculations.
|
Date
|
Size
|
Troy Ounces
|
Value of silver in $US
|
Value of one such coin
|
Exchange Rate
|
Value in $CDN
|
|
2011-04-20
|
$10
|
1.4453 ozt
|
approximately $45.00 ozt
|
$45.00 x 1.4453 = $65.04 USD
|
1.0496
|
$68.26 CDN
|
|
2011-04-20
|
$5
|
.7227 ozt
|
approximately $45.00 ozt
|
$45.00 x 0.7227 = $32.52 USD
|
1.0496
|
$34.13 CDN
|
Notes...
It is unlikely that coins such as these would have been circulated, though it is possible that some may have been handled outside their plastic cases.
The plastic cases are likely polystyrene, which makes them brittle. The plastic should not react with the metals.
See the photo of coin 03 in the table above - the plastic case has been damaged and the coin has some discolouration.
See the photo of coin 13 to see shatter marks in the plastic. The coin has likely remained unharmed.
Please be sure to read the disclaimer at the bottom of this webpage. *
* - disclaimer...
Use this information at your own risk and discretion.
I am not a coin expert, and I found many conflicting bits of information on the Internet. I have distilled what I have found down to the statements made above.
Some coins have increased numismatic value due to collectors' interests. You cannot solely value a coin based on its composition, but such a value can be used to set a bottom line.
Please do your own research and confirm the statistical information here prior to setting your final valuation on your own collection.
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