Have you ever wondered about the 1987 Canadian dollar coin value? If so, you’re not alone. This is a common question that many people have, especially those who are interested in coin collecting. In this article, we will explore the 1987 Canadian dollar coin value in a clear and informative manner. Keep reading to learn more.
Editor’s Notes: The 1987 Canadian dollar coin value is a popular topic because these coins are relatively rare. As a result, they can be quite valuable to collectors. The mintage of the 1987 Canadian dollar coin was only 1,200,000, which makes them much rarer than other Canadian dollar coins.
To determine the 1987 Canadian dollar coin value, there are several factors that need to be considered. The condition of the coin is one of the most important factors. A coin that is in mint condition will be worth more than a coin that is damaged or worn. The rarity of the coin is also a factor. A rare coin will be worth more than a common coin. The demand for the coin is also a factor. A coin that is in high demand will be worth more than a coin that is not in high demand.
The 1987 Canadian dollar coin was designed by Dora de Pedery-Hunt. The coin features a portrait of Queen Elizabeth II on the obverse and a caribou on the reverse. The coin is made of a combination of nickel and copper.
The 1987 Canadian dollar coin is a beautiful and valuable coin. If you have one of these coins, it is important to take good care of it. You may want to consider having it professionally graded to determine its value. You can also store the coin in a safe place to protect it from damage.
1987 Canadian Dollar Coin Value
The 1987 Canadian dollar coin value is determined by several key aspects, including its condition, rarity, demand, design, and metal composition. Here’s a closer look at each of these aspects:
- Condition: The condition of a coin is one of the most important factors in determining its value. A coin that is in mint condition will be worth more than a coin that is damaged or worn.
- Rarity: The rarity of a coin is another important factor in determining its value. A rare coin will be worth more than a common coin.
- Demand: The demand for a coin is also a factor in determining its value. A coin that is in high demand will be worth more than a coin that is not in high demand.
- Design: The design of a coin can also affect its value. A coin with a unique or attractive design will be worth more than a coin with a common design.
- Metal composition: The metal composition of a coin can also affect its value. A coin made of a precious metal, such as gold or silver, will be worth more than a coin made of a common metal, such as copper or nickel.
These are just a few of the key aspects that determine the 1987 Canadian dollar coin value. By understanding these factors, you can better assess the value of your own coins.
Condition
The condition of a coin is important because it affects its appearance and desirability. A coin that is in mint condition will have no scratches, dents, or other damage. It will also have a bright, shiny finish. A coin that is damaged or worn will have a less attractive appearance and may be worth less money. This includes the 1987 Canadian dollar coin, which has a higher value when in mint condition.
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Facet 1: Appearance
The appearance of a coin is one of the most important factors that determines its value. A coin that is in mint condition will have a bright, shiny finish and no scratches or dents. A coin that is damaged or worn will have a less attractive appearance and may be worth less money.
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Facet 2: Desirability
The desirability of a coin is another important factor that determines its value. A coin that is in high demand will be worth more money than a coin that is not in high demand. The 1987 Canadian dollar coin is a popular coin among collectors, which increases its desirability and value.
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Facet 3: Value
The value of a coin is ultimately determined by its condition and desirability. A coin that is in mint condition and is in high demand will be worth more money than a coin that is damaged or worn and is not in high demand. The 1987 Canadian dollar coin is a valuable coin due to its condition and desirability.
By understanding the importance of condition, you can better assess the value of your own coins. You can also take steps to protect your coins from damage, which will help to maintain their value.
Rarity
The rarity of a coin is an important factor in determining its value because it affects the coin’s supply and demand. A rare coin will have a lower supply than a common coin, which means that there will be more people who want to buy the coin than there are coins available. This will drive up the price of the coin.
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Facet 1: Mintage Figures
One of the key factors that determine the rarity of a coin is its mintage figures. The mintage figure refers to the number of coins that were produced in a particular year. The lower the mintage figure, the rarer the coin will be.
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Facet 2: Surviving Population
Another factor that affects the rarity of a coin is the surviving population. This refers to the number of coins that are still in existence today. The lower the surviving population, the rarer the coin will be.
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Facet 3: Collector Demand
The demand for a coin also affects its rarity. A coin that is in high demand will be more rare than a coin that is not in high demand. The 1987 Canadian dollar coin is a popular coin among collectors, which increases its demand and rarity.
By understanding the importance of rarity, you can better assess the value of your own coins. You can also research the mintage figures and surviving population of a coin to determine its rarity.
Demand
The demand for a coin is an important factor in determining its value because it affects the coin’s price. A coin that is in high demand will have a higher price than a coin that is not in high demand. This is because more people are willing to pay a higher price for a coin that they want.
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Facet 1: Collector Interest
One of the key factors that affect the demand for a coin is collector interest. A coin that is popular among collectors will be in high demand, which will drive up its price. The 1987 Canadian dollar coin is a popular coin among collectors, which increases its demand and value.
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Facet 2: Historical Significance
Another factor that can affect the demand for a coin is its historical significance. A coin that commemorates an important event or person will be in high demand, which will drive up its price. The 1987 Canadian dollar coin was issued to commemorate the 125th anniversary of Canadian Confederation, which increases its historical significance and demand.
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Facet 3: Condition and Rarity
The condition and rarity of a coin can also affect its demand. A coin that is in mint condition and is rare will be in high demand, which will drive up its price. The 1987 Canadian dollar coin is a relatively rare coin, which increases its demand and value.
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Facet 4: Investment Potential
Some people also buy coins as an investment. A coin that is expected to increase in value over time will be in high demand, which will drive up its price. The 1987 Canadian dollar coin is a good investment because it is a rare coin that is popular among collectors.
By understanding the importance of demand, you can better assess the value of your own coins. You can also research the factors that affect demand, such as collector interest, historical significance, condition, rarity, and investment potential.
Design
The design of a coin is an important factor in determining its value because it affects the coin’s appearance and desirability. A coin with a unique or attractive design will be more appealing to collectors and will therefore be worth more money. The 1987 Canadian dollar coin is a good example of a coin with a unique and attractive design.
The 1987 Canadian dollar coin was designed by Dora de Pedery-Hunt. The coin features a portrait of Queen Elizabeth II on the obverse and a caribou on the reverse. The caribou is a symbol of Canada and is a popular design element on Canadian coins. The 1987 Canadian dollar coin is also unique because it is the first Canadian coin to feature a colored design. The caribou is colored brown and white, which makes the coin more visually appealing.
The unique and attractive design of the 1987 Canadian dollar coin has made it a popular coin among collectors. The coin is also relatively rare, which has increased its value. A mint condition 1987 Canadian dollar coin can be worth up to $100.
The design of a coin is an important factor to consider when determining its value. A coin with a unique or attractive design will be worth more than a coin with a common design. This is because collectors are willing to pay more for coins that are visually appealing and have a unique design.
Key Insights:
- The design of a coin can affect its value.
- A coin with a unique or attractive design will be worth more than a coin with a common design.
- The 1987 Canadian dollar coin is a good example of a coin with a unique and attractive design.
- The unique and attractive design of the 1987 Canadian dollar coin has made it a popular coin among collectors.
- The 1987 Canadian dollar coin is also relatively rare, which has increased its value.
Metal composition
The metal composition of a coin is an important factor in determining its value because it affects the coin’s rarity, desirability, and durability. Coins made of precious metals, such as gold and silver, are more valuable than coins made of common metals, such as copper and nickel. This is because precious metals are rarer and more difficult to obtain than common metals.
The 1987 Canadian dollar coin is a good example of how metal composition can affect a coin’s value. The 1987 Canadian dollar coin was minted in two different metals: nickel and silver. The nickel version of the coin is the most common and is worth around $1. The silver version of the coin is much rarer and is worth around $20. This is because silver is a more valuable metal than nickel.
In addition to rarity, the metal composition of a coin can also affect its desirability. Some collectors prefer coins made of certain metals, such as gold or silver. This can increase the demand for coins made of those metals and drive up their value.
Finally, the metal composition of a coin can also affect its durability. Coins made of precious metals are more durable than coins made of common metals. This is because precious metals are less likely to corrode or tarnish. As a result, coins made of precious metals are more likely to retain their value over time.
Key Insights:
- The metal composition of a coin can affect its value.
- Coins made of precious metals are more valuable than coins made of common metals.
- The rarity, desirability, and durability of a coin can all be affected by its metal composition.
- The 1987 Canadian dollar coin is a good example of how metal composition can affect a coin’s value.
Table: Metal Composition and Coin Value
| Metal Composition | Value |
|---|---|
| Gold | Highest |
| Silver | High |
| Copper | Medium |
| Nickel | Low |
FAQs
In this section, we will answer some of the most frequently asked questions about the 1987 Canadian dollar coin value.
Question 1: What factors affect the value of a 1987 Canadian dollar coin?
The value of a 1987 Canadian dollar coin is affected by several factors, including its condition, rarity, demand, design, and metal composition.
Question 2: How can I determine the condition of my 1987 Canadian dollar coin?
You can determine the condition of your 1987 Canadian dollar coin by examining its surface for any scratches, dents, or other damage. You can also compare your coin to images of coins in different condition grades to get a better idea of its condition.
Question 3: How can I determine the rarity of my 1987 Canadian dollar coin?
You can determine the rarity of your 1987 Canadian dollar coin by researching its mintage figures and surviving population. You can also consult with a coin dealer or expert to get a professional opinion on its rarity.
Question 4: How can I increase the value of my 1987 Canadian dollar coin?
You can increase the value of your 1987 Canadian dollar coin by keeping it in good condition and storing it properly. You can also have your coin professionally graded to verify its condition and authenticity.
Question 5: Where can I sell my 1987 Canadian dollar coin?
You can sell your 1987 Canadian dollar coin to a coin dealer, at a coin show, or online through a reputable auction site.
Question 6: What is the future outlook for the 1987 Canadian dollar coin value?
The future outlook for the 1987 Canadian dollar coin value is positive. The coin is a popular collector’s item and its value is expected to continue to increase over time.
Summary:
- The value of a 1987 Canadian dollar coin is affected by several factors, including its condition, rarity, demand, design, and metal composition.
- You can determine the condition of your coin by examining its surface for any damage and comparing it to images of coins in different condition grades.
- You can determine the rarity of your coin by researching its mintage figures and surviving population.
- You can increase the value of your coin by keeping it in good condition and storing it properly.
- You can sell your coin to a coin dealer, at a coin show, or online through a reputable auction site.
- The future outlook for the 1987 Canadian dollar coin value is positive.
We hope this FAQ section has been helpful. If you have any other questions, please feel free to contact a coin dealer or expert.
Next Section: Conclusion
Tips for Determining the Value of a 1987 Canadian Dollar Coin
In this section, we will provide some tips for determining the value of a 1987 Canadian dollar coin. By following these tips, you can get a better idea of what your coin is worth and make informed decisions about buying, selling, or collecting 1987 Canadian dollar coins.
Tip 1: Examine the coin’s condition.
The condition of a coin is one of the most important factors in determining its value. A coin that is in mint condition will be worth more than a coin that is damaged or worn. To determine the condition of your coin, examine its surface for any scratches, dents, or other damage. You can also compare your coin to images of coins in different condition grades to get a better idea of its condition.
Tip 2: Determine the coin’s rarity.
The rarity of a coin is another important factor in determining its value. A rare coin will be worth more than a common coin. To determine the rarity of your coin, research its mintage figures and surviving population. You can also consult with a coin dealer or expert to get a professional opinion on its rarity.
Tip 3: Consider the coin’s demand.
The demand for a coin can also affect its value. A coin that is in high demand will be worth more than a coin that is not in high demand. To determine the demand for your coin, research its popularity among collectors and investors. You can also consult with a coin dealer or expert to get a professional opinion on its demand.
Tip 4: Pay attention to the coin’s design.
The design of a coin can also affect its value. A coin with a unique or attractive design will be worth more than a coin with a common design. To determine the design of your coin, examine its obverse and reverse sides. You can also research the coin’s designer and the inspiration behind its design.
Tip 5: Consider the coin’s metal composition.
The metal composition of a coin can also affect its value. A coin made of a precious metal, such as gold or silver, will be worth more than a coin made of a common metal, such as copper or nickel. To determine the metal composition of your coin, examine its color and weight. You can also research the coin’s specifications to find out its exact metal composition.
Summary:
- By following these tips, you can get a better idea of what your 1987 Canadian dollar coin is worth.
- The condition, rarity, demand, design, and metal composition of a coin are all important factors to consider when determining its value.
- You can consult with a coin dealer or expert to get a professional opinion on the value of your coin.
We hope this section has been helpful. If you have any other questions, please feel free to contact a coin dealer or expert.
Next Section: Conclusion
Conclusion
In this article, we have explored the 1987 Canadian dollar coin value in a clear and informative manner. We have discussed the various factors that affect the value of a 1987 Canadian dollar coin, including its condition, rarity, demand, design, and metal composition. We have also provided tips for determining the value of a 1987 Canadian dollar coin and answered some of the most frequently asked questions about these coins.
The 1987 Canadian dollar coin is a popular collector’s item and its value is expected to continue to increase over time. If you are interested in collecting 1987 Canadian dollar coins, we encourage you to do your research and learn as much as you can about these coins. You can also consult with a coin dealer or expert to get professional advice on buying, selling, or collecting 1987 Canadian dollar coins.