Historical Coin Value for Capital Gains Calculation?

General discussions about canadian coins.
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GTRD25
Posts: 2
Joined: Tue Oct 08, 2024 11:07 am

Historical Coin Value for Capital Gains Calculation?

Post by GTRD25 » Thu Oct 10, 2024 11:41 am

I've recently sold some $100 Canadian gold coins that I inherited when my Father died 15 years ago.
Some were 14K and some were 22K.
I'm told there will be Capital Gains on the sale of these coins.
In order to calculate the capital gain I need to know what the coins were valued at in November 2009.
Is there a resource out there that has recorded the historical value of these coins?
Any guidance you can provide would be appreciated!
Thanks!

TBH
Posts: 288
Joined: Thu Oct 16, 2008 12:09 am
Location: sunshine coast BC

Re: Historical Coin Value for Capital Gains Calculation?

Post by TBH » Fri Oct 11, 2024 1:02 pm

What was the price of gold in Nov. 2009 ?
The hundred dollar 14K and 22K generally have sold at bullion prices.

Bill in Burl
Posts: 1655
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: Historical Coin Value for Capital Gains Calculation?

Post by Bill in Burl » Fri Oct 11, 2024 4:35 pm

When my wife cashed in some inherited gold bullion from her aunt 2 years ago, there was no mention of capitol gains, and was never brought up by the dealer. Likewise there was some silver sold then at scrap silver prices ... no problem.
Bill in Burl

GBELEC
Posts: 264
Joined: Tue Jun 25, 2019 8:01 pm

Re: Historical Coin Value for Capital Gains Calculation?

Post by GBELEC » Sat Oct 12, 2024 9:53 am

The average price of golf for the year 2009 was $973.66

GBELEC
Posts: 264
Joined: Tue Jun 25, 2019 8:01 pm

Re: Historical Coin Value for Capital Gains Calculation?

Post by GBELEC » Sat Oct 12, 2024 7:22 pm

On further investigation Nov 1 2009 gold was in the $1700 range.
Don’t trust me, you can find exact figures for any date in time yourself .

GTRD25
Posts: 2
Joined: Tue Oct 08, 2024 11:07 am

Re: Historical Coin Value for Capital Gains Calculation?

Post by GTRD25 » Sun Dec 08, 2024 2:30 pm

Thanks everyone for your comments.
I see the gold price on Nov 9, 2009 is about $1170/oz

Bill in Burl
Posts: 1655
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: Historical Coin Value for Capital Gains Calculation?

Post by Bill in Burl » Sun Dec 08, 2024 5:06 pm

As I stated before in my login in Oct, there was no mention of a capital gains tax for either gold in Toronto or London. If the dealer must file papers then it's your decision to continue. Neither golds (one was a bar) were any problem.
Bill in Burl

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