Confused About 2005 And 2006 5 Cent Composition

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Author	Replies: 7 / Views: 2,123
fjrosetti Valued Member United States 75 Posts	Posted 08/14/2014 12:31 am After switching to steel-plated coins in 2000 why did the RCM make both plated-steel and copper-nickel 5 cent coins in 2005 (Beaver plated-steel, V commemorative copper-nickel) and in 2006 (Beaver in both metal compositions)? What was the purpose of going 'back' to the old composition after several years of plated-steel coins? And why the 1 cent magnetic/non-magnetic compositions? Very confusing! Report this Post to the Staff

bibd Pillar of the Community Canada 838 Posts	Posted 08/14/2014 12:53 am This is a good question. I suspect the answer is simply a matter of planchet supply and cost, but I would love to know if there was a different reason. I have heard that the cpz cent planchets were from the same supplier as the US cents. Maybe the RCM got an order of cupro-nickel from that supplier too. Report this Post to the Staff
DBM Pillar of the Community Canada 9865 Posts	Posted 08/14/2014 01:35 am I agree.Likely a matter of cost and/or supply contracts.All 5 cent coins for 2005 were plated steel, both the beaver and the Victory. "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
bibd Pillar of the Community Canada 838 Posts	Posted 08/14/2014 02:25 am Quote: All 5 cent coins for 2005 were plated steel, both the beaver and the Victory. That's what I thought, too. The 2006 cupro-nickel 5 cents is interesting, though. I can't explain it. To speculate, perhaps a basic alloy recovery program was attempted or a batch of old planchets were found. Report this Post to the Staff
fjrosetti Valued Member United States 75 Posts	Posted 08/14/2014 11:41 am Thanks bibd and DBM for your feedback. Regarding the 2005 V 5 cents coins, I purchased a roll of them from the RCM when they were offered in 2005. Checking them again, they certainly look and feel like they are a plated-steel product. Where the confusion comes from for me is the May, 2011 issue of COIN PRICES magazine which contains a section of Canadian coin values. It lists 89,664,000 Beaver coins having been made in nickel-plated steel composition. It ALSO lists 59,269,192 1945-2005 V coins having been made in solid nickel. Perhaps the magazine is incorrect but I am left wondering. Report this Post to the Staff
lyradnoj Pillar of the Community Canada 548 Posts	Posted 08/14/2014 12:34 pm The numbers are correct, but the Vs were all steel. Even the 1945 originals were steel. Report this Post to the Staff
fjrosetti Valued Member United States 75 Posts	Posted 08/14/2014 3:41 pm Thank you lyradnoj. Hey, even top-notch magazines make errors now and then! Report this Post to the Staff
bibd Pillar of the Community Canada 838 Posts	Posted 08/18/2014 11:48 pm I see a lot of errors in coin books, and that's not even to mention the out-of-whack prices! Report this Post to the Staff
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