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1965 Canadian Nickel That Seems Magnetic

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Valued Member

United States
158 Posts
 Posted 05/05/2019  10:16 am Show Profile   Bookmark this topic Add davef to your friends list Get a Link to this Message
A friend who lives in Canada brought me 5 rolls of Canadian nickels down to the states so I could look for recent dates. After I was done I ran a magnet over all the loose coins so I didn't run those through coin counters here in the U S which will reject steel.

I looked through the magnetic ones and noticed one was a 1965 nickel. I held it up to a small magnet and it would stick. I'm assuming somehow from being stored with other magnetic nickels it was just reacting to the magnet and the nickel itself was not steel. Does this happen with some Canadian nickels?

Thanks. Dave
Pillar of the Community
788 Posts
 Posted 05/05/2019  10:30 am  Show Profile   Bookmark this reply Add punman to your friends list Get a Link to this Reply
Canadian nickels were made of 100% nickel from 1922-1981 with the exception of some war-time issues. In '82 the nickel content was reduced to 25% and then I believe in 1999 went to 95% steel.

A magnet should pick up just about any Canadian nickel you might find in change, but not the 1942-43 tombacs made of lots of copper and a little zinc. Not likely you'd find those in change anyways.
Edited by punman
05/05/2019 10:42 am
Pillar of the Community
724 Posts
 Posted 05/05/2019  10:32 am  Show Profile   Bookmark this reply Add oldmike to your friends list Get a Link to this Reply
Nickel is very magnetic, so your coin is normal
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