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 Replies: 68 / Views: 26,409 |
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Pillar of the Community
Canada
1118 Posts |
Rural parts of Cape Breton Island and English speaking New Brunswick hasn't been hit yet, It must only be Ontario, Quebec and the Prairies/B.C. that are getting hit.
Any Atlantic Canadians or Northerners on here to agree?
If I by a box of nickels I will probably find 3 King George's (5th) and 1/3 role is pre '81 nickel with a lot of 90's on top of that.
I did 5 boxes so far and pulled 4 hare centennials.
You never seem to find modern loonies and twoonies. Every single twoonie I get is still a 1996.
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Pillar of the Community
Canada
2632 Posts |
Roll hunting in my area is not much fun anymore at all. I think the mint made way to many coins per year for decades and wasted a lot of metal for the sake of another contract.
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Valued Member
Canada
155 Posts |
I'm in Atlantic Canada and I find a bunch when I'm coin roll hunting.
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Valued Member
Canada
158 Posts |
Here's one of MasterOfSecrets secrets. lol
Atlantic Canada is still safe for now. Actually coin roll hunting is pretty good at the moment with TD's new coin counters. Everyone is dumping their jars / buckets of change and the local G4S or whatever rolls it and puts it back out there, keeping only the pennies. I find all kinds of things quarter roll hunting, including a few silver, lots of US quarters, a number foreign that are sized close, and average 8-10 1973 RCMP quarters per box. You just have to be careful of the boxes that are sealed and stamped "Garda Montreal", those have been ARP'd. I must also say the wife wasn't too happy when I brought a full box of US quarters along on our last trip South to repatriate them. At 10% exchange rate, that's $50!!
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Pillar of the Community
 Canada
2360 Posts |
I agree ARP not as noticeable in Nova Scotia. I find likely 1/4 of a quarter roll to be 69-80,with many 1973, 1999, and 2000 commemorative coins still around. You can bag a silver coin every once in a while, I find Mom and Pop shops better than banks. I put a CL on the roll after searching to make sure I don't look at it a second time. Whatever will the mintages be after this program decimates the numbers of coins in circulation. Would be great to track the returns but totally impractical for government. My wife saves all US coins and bills except pennies for spending on trips south. |
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Forum Kid
Canada
1074 Posts |
It will take a long time for nickel to reach silvers value, thats because it will take a long time for the sheep buying silver to change their mind and start to follow the next trend and invest in the logical metal (Ni). I believe the government will do whatever it takes to save and make money, and this is their hidden and discreet way of doing it.
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Pillar of the Community
Canada
1118 Posts |
If I see a caribou on my quarter I am surprised. Millennial, Provincial and Mountie are so common. You guys don't actually save that stuff in Ontario do you? You would be he ke here trying to hold it all back.
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Pillar of the Community
Canada
576 Posts |
VancouverIslandcoinKid: "for the sheep buying silver"
Could you explain this reference?
thank you in advance.
Edited by Liverpool
10/25/2014 7:52 pm
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Pillar of the Community
United States
937 Posts |
Quote:
It will take a long time for nickel to reach silvers value, thats because it will take a long time for the sheep buying silver to change their mind and start to follow the next trend and invest in the logical metal (Ni). I believe the government will do whatever it takes to save and make money, and this is their hidden and discreet way of doing it.  Nickel is not a PM nor is it likely to become an investment metal. This is as bad as the people screaming to save your pre 1982 US cents. As Canadian citizens you should be glad your country is doing something to save money and resources. As coin collectors you should be happy that your coins that had almost no collector value will have some value. If I collected modern canadian I would be hot on finishing an AU or better set of these coins while they are still cheap. I think this program is a good thing. Think about things for a second. QEII isn't long for this world and Prince Chuck will likely become Geo VII and all the coins will change snd the Liz coins will be pulled out to be replaced by Geo coins anyway. At least you have something to look forward to other than old crapy coins like here in the US. You will have NEW crappy coins to look forward to.  Oh yeah, and the ARP started what like 10 years ago, and you are just getting upset about it now? |
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Pillar of the Community
Canada
1118 Posts |
Quote:
Oh yeah, and the ARP started what like 10 years ago, and you are just getting upset about it now? It takes us a while to get riled up, some day we will nicely ask to stop being British. Also I want our nickels to be nickels, I do save the pre '81s but not as a hoarder, just as a "I want a roll of each year" type thing. With the giant nickel mines we have here a nickel coin is greatly Canadian and I am sentimental to the little beaver. Also, it is pure nickel and 1/100th of a pound, that is how money should be. It does make sense to hold onto everyone you come across if you can afford to sit on 600-700 dollars. |
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Pillar of the Community
United Kingdom
837 Posts |
Quote:
As coin collectors you should be happy that your coins that had almost no collector value will have some value. That is a good positive spin on this situation !   |
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Valued Member
Canada
220 Posts |
Tryna, if/when Charles takes the throne, he'll be Charles III, not George VII, lol. Here on P.E.I. the only thing that seems to have been hit by the ARP in any meaningful way is quarters. Maybe because they started the ARP on quarters, maybe because quarters circulate more heavily, I don't know. Nickel and dime rolls still have a lot of pre-2001 Coins, and I'm still averaging 3 silver dimes per box. Even machine wrapped rolls yield decent finds, so I don't think there's any active culling going on by whoever supplies our local banks. Another nice thing about living in a quiet backwater is that when I see mint wrapped rolls at the main RBC branch, they're always a few years old! Nice to snap those up at face value. :-)
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Pillar of the Community
Canada
2360 Posts |
I know I don't carry cash that much, rarely pay for things without using my debit card, with the proliferation of paying by cell phone and electronic payments overall, why in the heck are they making so much currency? I could go a week without touching money (except my coin collection), no problem, unless the power is out, why make so much? Coins will eventually go the way of the dodo, we'll all have a chip in our hand inserted at birth connected to bank balance. First the penny, then the nickel ...
Maybe those who saved a few coins will make out like bandits, just start hoarding like crazy, copper, nickel, silver, whatever has any value besides the plated steel, but do it now.
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Pillar of the Community
Canada
9864 Posts |
Despite the ARP there will still be more than enough nickel coins out there to economicaly fill collectors needs for at least the next fifty years. Supply will still exceed demand. Quote:
First the penny, then the nickel .. It'll be much more difficult to get rid of the nickel. The quarter will then become almost useless and must be replaced with a 20 cent coin. "Dipping" is not considered cleaning...
-from PCGS website
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Forum Kid
Canada
1074 Posts |
I don't have a problem with the program because I do it myself Via coin roll hunting. When I say sheep buying silver, I mean what is the point if everyone does it don't follow, lead. to make a good investment you also need to diversify and be open to a new trend. to not do what the guys in the suites on tv's or magazines say, because they don't really want you to succeed in your investments and they have already made their lifetime high.
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Replies: 68 / Views: 26,409 |
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Posted 10/24/2014 2:41 pm
