The value of a 1987 Queen Elizabeth II coin can vary significantly depending on several factors, including:
- Country of Origin: The value will differ based on whether it’s a Canadian dollar coin, [a British pound coin] , or another denomination from a different Commonwealth country.
- Denomination: The face value of the coin (e.g., 1 dollar, 50 pence, 1 pound) plays a role in its base value.
- Condition: The better the condition, the higher the value. Uncirculated coins will fetch a higher price than heavily circulated ones.
- Rarity: Low mintage numbers and population estimates (the estimated number of coins still in existence) contribute to a coin’s rarity and can increase its value.
- Errors or Varieties: Coins with minting errors or unique variations can be particularly valuable to collectors.
- Precious Metal Content: Coins made from gold, silver, or platinum will have a higher intrinsic value based on the current market price of these metals.
- A 1987 Canadian 1 dollar coin (known as a “loonie”) can be worth between $0.73 (its face value) and $500 depending on its condition . A proof version of the same coin was worth $6.90 in 1987.
- A Great Britain 1987 fifty pence coin can range in value from $5.99 for an uncirculated version to around $17.50 for a commemorative issue.
- A 1987 Great Britain one pound coin can be worth between $3.60 for an uncirculated version to over $1450 for a commemorative issue or one in particularly good condition.
It is important to note that these values are estimates and can fluctuate based on the market. To get a more precise valuation, it’s recommended to consult a reputable coin dealer or appraiser.
Are Queen Elizabeth coins worth any money?
Good point! Today, these coins go for about £52 (about 66 USD). However, other collectible coins were minted purposely during the Queen’s reign. The Kew Gardens coin was released in 2009, and it was worth 50p and celebrated the landmark.
How much is a 1987 Silver Eagle coin worth?
All 1987 ASE coins contain one ounce of pure silver. Because of that silver content, each regular issue 1987 $1 silver coin usually sells for around $2 above or below the current price of an ounce of silver depending on if you are buying or selling.