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How's The Penny Climate In Canada These Days?

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Pillar of the Community
Canada
937 Posts
 Posted 08/25/2012  3:18 pm  Show Profile   Bookmark this reply Add pennysaver to your friends list
I like your thinking, Gothic! I've been working on the same thing, but in reverse. Over the past couple of years I have roll hunted Canadian pennies, but I have found mixed into the rolls enough American pennies to put together a bit of a U.S. set. I only have a few from 1920 to 1956, but 1959 and up is pretty much filled in except for the "S" marked pennies. Those I only have only found one, but most years I have the no mint mark and the "D" mark. A lot of fun, and it's a intriguing to consider how complete my set will eventually become. I'm also having a blast with finding as many different variations of mint mark placement as I can -- ie the "D" being close to the date, far from the date, halfway under the 9, or even halfway under the 3rd digit, etc. The 1959's have given me the greatest number so far with 6 different "D" placements.
Pillar of the Community
United States
959 Posts
 Posted 08/25/2012  3:36 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list
This isn't a penny question, but since we are taking about halves and silver, when was the last year for silver in Quarters in Canada? I was in Detroit yesterday and got a 1970 that looks like silver.

If one of our Canadian Friends could chime in. Thanks.

Pillar of the Community
Canada
937 Posts
 Posted 08/25/2012  3:55 pm  Show Profile   Bookmark this reply Add pennysaver to your friends list
Sorry mfhorn, but I'm afraid you got a nickel one. Canadian silver stopped in 1968. The one good thing about your find, though, is that the quarter is dated 1970. Any coin made of nickel dated 1970 had very low mintage, so if the quarter is in nice shape it could still be worth a few bucks. While in circulated shape it's probably worth a dollar or less, in really nice condition -- EF or better, say -- it could be worth 5 or 6 dollars, and in ms as much as 10 -- worth more than silver melt value. I haven't seen a 1970 in circulation for a few years now, so nice find!
Pillar of the Community
Canada
1354 Posts
 Posted 08/25/2012  5:51 pm  Show Profile   Bookmark this reply Add Coin Chick to your friends list
JobIII
When you get the nickels try asking for the customer hand rolled ones and not the professional crimped ones. I think they are doing a nickel cull and taking the old ones out. The professional wrapped coins usually only contain 2001 and newer and is a waste of time to go through.
Pillar of the Community
Canada
1354 Posts
 Posted 08/25/2012  5:55 pm  Show Profile   Bookmark this reply Add Coin Chick to your friends list
And I was currently in the US buying what I could for half dollars.
I got 2 40% Kennedy's and a 2002 kennedy. (I don't think that year was meant for circulation?)
The rest were typical, normal ones.
Pillar of the Community
United States
959 Posts
 Posted 08/25/2012  9:36 pm  Show Profile   Bookmark this reply Add mfhorn to your friends list
Penny saver;
Thanks for the info on the quarter. Am I to assume that all Canadian silver stopped in 1968? That explains the 'silver looking edge', if made of nickel. Are they still made the same way, meaning the dime, quarter and halve; no copper, as in US coinage?
I haven't taken close look, but it appears to be EF or better.

Thank You for your information.
Pillar of the Community
Canada
1723 Posts
 Posted 08/26/2012  3:37 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
The last year that quarters were for sure silver was 1967 with the lynx quarter. There are 1968's but only half minted were made of silver and only 50% silver to boot. Also of note, half the 1967s were only 50% silver and the other half were 80% silver. No sure way to tell what purity it is without some good test kits. I always buy them assuming they are on 50%.

Ive been thinking about putting an american penny set together with all the american pennies I find up here during my penny searches for my albums. Been pulling all the 1981 and older at this point, but I will have to decide soon because I know I'm throwing a lot of good american pennies back into circulation.
Rest in Peace
United States
4078 Posts
 Posted 08/26/2012  5:03 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list
Samsnate, If you find 1983 -1984 U.S Cents in AU+ condition I would hold on to them. This was the start of the Zinc. types and a lot of them were nasty
because of the poor alloy mix. IMHO
Pillar of the Community
Canada
1723 Posts
 Posted 08/26/2012  9:49 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
@ bpoc

You know, I've heared about people wanting to hold onto 1982 to 1984. Its been in the back of my mind as I threw some nice ones back into the pot. I'm just not that much into collecting starting to save everything I can that may or may not have really good numi value in the future. I have a few sets on the go just because I was collecting for silver. Have my quarter album just because I had bought so much 80% over the last year. Started the dime album because I CRH for the silver and have bought a bunch of 80% as well. Doing the pennies because they are being discontinued and pulling copper for a hopeful profit. Other than that I'm just a silver bullion bug. So unless there is some value in it for me in the short term, I dont really pay attention to it. Just a small time collector and big time stacker. is there value in it for me to watch for, pull and store them?
Pillar of the Community
Canada
937 Posts
 Posted 08/26/2012  10:21 pm  Show Profile   Bookmark this reply Add pennysaver to your friends list
Good tip on the 1983/84 pennies, bpoc! Do I take it to mean that 1985 and up are more easily findable in the ms grades? I've also noticed that most pennies I find from around 2001 to 2005 are a little rougher -- is that just my personal experience or are they universally a bit hard to find in nice grades?

mfhorn: You're welcome! And yes, our coins don't have that copper edge peaking through like yours, but sadly, they aren't made of pure nickel any more, either. They began using a cupro-nickel composition in 1982, continuing up until 1998, and then switched to nickel/copper/nickel-plated steel which they've being using since 1999.
And EF on your 1970 quarter? Nice find!
Rest in Peace
United States
4078 Posts
 Posted 08/27/2012  5:19 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list
I might be wrong but, after 1985 the Mint corrected the problem with the Zinc/alloy mix. 2001-2005 in business strikes they are easy to find in nice grades.
IMHO. Hope this helps
Pillar of the Community
Canada
3692 Posts
 Posted 08/27/2012  5:27 pm  Show Profile   Bookmark this reply Add Libertad to your friends list
People love to short the nickel rolls, FYI. Be cautious. Lots of luck - most coins, I find, have already been searched, but they are out there.
Valued Member
United States
366 Posts
 Posted 09/04/2012  12:22 pm  Show Profile   Bookmark this reply Add JobIII to your friends list
Thanks for all the tips Libertad & Coin Chick. I just got back from Nova Scotia yesterday. Here is the link to part 1 of my coin searching and vacation: https://goccf.com/t/128084. There's also a video posted below the link.


I need to get the photos off my camera, but there's a funny story coming from my experience with CRH in CA.

~JobIII
Edited by JobIII
09/04/2012 12:25 pm
Pillar of the Community
Canada
1354 Posts
 Posted 09/04/2012  6:19 pm  Show Profile   Bookmark this reply Add Coin Chick to your friends list
Glad you found some nickels and pennies. Let me know if you got any gooders.
Valued Member
United States
366 Posts
 Posted 09/10/2012  2:05 pm  Show Profile   Bookmark this reply Add JobIII to your friends list
Hi Coin Chick,

To be honest I'm not really sure. I'm so backed up on other projects. I wish I had access to them. The CA nickels sell for at least double here in the states. When I get around to the nickels I'll post the results.
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