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john100's Last 20 Posts
| Weird Coin, Queen Side Only, No Date Cladding? Fake Coin?
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john100
Pillar of the Community
Canada
5107 Posts |
 Posted 04/24/2023 3:47 pm
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| Without a in hand look, best guess is a split planchet brockage and the marks along the edges are tools to release the stuck coin. Magician coins are two headed or tail units as struck coins not one side as a brokage, worth the trip to PCGS when you photo next time just use the normal coin side by side this would avoid confusion |
| | Forum: Canadian Variety and Error Coins |
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| The RCM May Not Care, But I'm Throwing In The Proverbial Towel.
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john100
Pillar of the Community
Canada
5107 Posts |
Posted 04/12/2023 8:02 pm
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| I have read recently that the US mint costs around 2 to 3 cents to manufacture a penny and at the 2013 Winnipeg tour, the manager said around 13 cents costs for a loonie, not a best guess. Just think of the many steps of prduction for a simple penny, 2 or 3 cents is quite cheap, look at what Home Depot charges for a simple washer. Good luck on collecting |
| | Forum: Canadian Coins and Colonial Tokens |
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| The RCM May Not Care, But I'm Throwing In The Proverbial Towel.
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john100
Pillar of the Community
Canada
5107 Posts |
Posted 04/12/2023 7:04 pm
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| I believe during the debate about keeping or losing the penny around the 2010 era, it costs about 2 to 3 cents to make a penny, just like what the US debate today, the penny serves really no purpose in today"s economy. The rcm employs good union wages which I believe accounts for most of the cost of a circulation coin, back in 2013 rcm Winnipeg tour, a tour manager said it costs 13 cents to make a loonie |
| | Forum: Canadian Coins and Colonial Tokens |
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| The RCM May Not Care, But I'm Throwing In The Proverbial Towel.
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john100
Pillar of the Community
Canada
5107 Posts |
Posted 04/12/2023 5:59 pm
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| The US Bureau of Engraving should be the first country to move into poly, due to extensive lobbying by one company Crane mainly they keep making an easily counterfeited currency, that is from the largest economy !The US penny is same story a couple planchet suppliers lobbies the Washingtopn to keep these jobs , there is no logic in producing a penny in todays economy, we are over a decade since last penny nothing remotely drastic happenned here except the goverment saved a decent amount of not producing over a billion useless penny a year. |
| | Forum: Canadian Coins and Colonial Tokens |
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| The RCM May Not Care, But I'm Throwing In The Proverbial Towel.
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john100
Pillar of the Community
Canada
5107 Posts |
Posted 04/12/2023 2:44 pm
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| The rcm job is to create a cost effective mildly secure coins for us and many other countries, even the US has switiched to their forms of plated or sandwich coins to save mpney at least we are not using aluminum planchets. Remember around the bird series almost nobody accepted the 100.00 notes, now everyone seems to be okay with the poly notes, the BOC poly notes seems to have solved the most important problem, most of the world is slowly moving this direction. The BOC was doing poly tests with Duranotes in the bird series, but they waffled on cost and as result another two series of paper counterfeits |
| | Forum: Canadian Coins and Colonial Tokens |
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