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Question For Coin Hoarders

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Valued Member
Canada
385 Posts
 Posted 09/08/2022  11:26 pm  Show Profile   Bookmark this reply Add cdngmt to your friends list Get a Link to this Reply
reply to Karriot
from http://coinapps.com/nickel/canadian/calculator/

from 1921 to 1981 canadian nickels (outside of 1942+1943 Tombac coins) were 99% nickel & have a melt value of $0.1251 Cdn as of today.

You can look up cents on the site as well but varying weights and composition make a more complicated calculation
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oldmike's Avatar
Canada
891 Posts
 Posted 09/09/2022  7:20 pm  Show Profile   Bookmark this reply Add oldmike to your friends list Get a Link to this Reply
They are worth only what someone will pay in this case one cent at the bank . If collected as change you are not losing money , take the cash and run.
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Canada
799 Posts
 Posted 09/11/2022  02:38 am  Show Profile   Bookmark this reply Add TerryT to your friends list Get a Link to this Reply
I hear you Skelly, we're in the same boat (a leaky canoe, up the creek with no paddle, drifting towards the rapids, where the grizzly bears are feasting on salmon).

Maximum value for cents;
Find any 1949 A to denticle ($5-$10 circ.), and 1955 NSF ($100+ for any undamaged circulated condition) that may still be hiding.

Max for 5 cents; 1947 Dot, missing chrome years, 1953 mules, 1964 EWL.

If they are all ordinary circulated cents or 5 cents, and probably heavier with 1962-65, sell by Kijiji, in the largest size reasonable, all at once if possible, 3x or 4x each (4x-5x if many are pre '53). Figure out how many are in a pound or kilo. Take out the obvious damaged ones, or the buyer might be angry.
Meet the buyer at a safe place, inside a nearby Tim's or McDonald's, not your home (someone may case it to see if you may have something worth more). If it's too heavy to take inside, take part in (he might think you're a crook), then finish the deal outside, when you are comfortable with the person.

You can try weight sales on ebay so you don't have to roll them. The rate for the weight of 10 rolls or so, with tracking inside most of Canada, should be about $15 Cdn., which is reasonable to some other crazed hoarder. From where you live, check Canada Post rates for different postal codes, mainly Victoria and Newfoundland, to find a range that softens the shipping cost per roll.
Edited by TerryT
09/11/2022 03:11 am
Valued Member
Canada
59 Posts
 Posted 09/23/2022  09:53 am  Show Profile   Bookmark this reply Add Beaver22 to your friends list Get a Link to this Reply
I suggest you to wait for the prices to rise and then some people would be willing to pay a premium. (imagine nickel was $50 a pound and copper was $10 a pound)
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machine20's Avatar
United States
1249 Posts
 Posted 10/22/2022  11:15 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
Might as well just keep them stacked in the corner somewhere. Not worth it yet to cash in
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machine20's Avatar
United States
1249 Posts
 Posted 10/22/2022  11:17 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
If you insist though I'd go the ebay or Reddit route, being sure to maximize the volume of flat rate packaging
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Wade's Avatar
Canada
2769 Posts
 Posted 10/23/2022  1:14 pm  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply

Quote:

I wasn't aware that you could sell them to scrap yards?


Technically you can't, but I've dealt with a lot of scrappers over the last few decades to know that you "can".
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Canada
799 Posts
 Posted 10/24/2022  12:28 am  Show Profile   Bookmark this reply Add TerryT to your friends list Get a Link to this Reply
Canada - Penny Melt Laws Note that it is illegal to melt the Canadian penny: "No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada."

Same for other denonimations. They can be legally melted outside of Canada.

US - https://www.law.cornell.edu/cfr/text/31/82.1
- https://www.law.cornell.edu/cfr/text/31/82.2

Edited by TerryT
10/24/2022 12:37 am
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dsking's Avatar
United States
2365 Posts
 Posted 01/12/2023  1:43 pm  Show Profile   Bookmark this reply Add dsking to your friends list Get a Link to this Reply
I totally get your dilemma. My Mom collected US Cents for over 60 years. I took the best of the best and separated them into each Mint and then 2x2's and they are in binders. I also made a 100+ years of Lincoln and filled tubes with each date. The rest I have mostly separated into years and they are in little boxes. I've given some of them to my coin friends. Someday, I'll take them to my dealer. I am also filling a 5 gallon glass jug with the copper cents over and above what I've stored. The jug will probably go to my beneficiary...as well as my entire collection of over 50 years! She also collects!
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cedargrove's Avatar
Canada
118 Posts
 Posted 01/14/2023  6:39 pm  Show Profile   Bookmark this reply Add cedargrove to your friends list Get a Link to this Reply
In general I don't like things that are plated, and love things that are pure, or close to pure. I keep every pre-1982 nickel and pre-2001 dime and quarter, as they are somewhat close to pure nickel. I also can't bring myself to get rid of any pre-97 pennies. Maybe one day my kids' kids will search through them.
Valued Member
United States
397 Posts
 Posted 01/17/2023  12:38 am  Show Profile   Bookmark this reply Add AllSeasons to your friends list Get a Link to this Reply
Just saw this thread after posting my thread about finding Canadian pennies to hunt. To the OP, can I ask where you are located? I may be interested in buying those cents.

Cheers!
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