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 Replies: 12 / Views: 2,221 |
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Pillar of the Community
Canada
1700 Posts |
We all know that the Elizabeth coinage would end one day due to many kinds of reason.
Here's my question: Anyone know how fast did the King George VI coins disappear after the death of King George VI?
The reason that I ask this question is because I would like to know what exactly to do when the Elizabeth Coinage ends.
HERE'S ANOTHER QUESTION: Is the Elizabeth II's portrait on Canadian coins going to change next year?
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Pillar of the Community
Canada
1733 Posts |
The George coins started disappearing when silver started rising. Low value coins like copper didn't really get pulled by collectors at all. I don't consider it highly unusual to find a George V cent in the change jar, and George VI cents and nickles are more common still. It's just that silver coins were hoarded. Trivia: we are the only country where George V coins are legal tender and still circulate. As to when OQL coinage ends, I imagine when she dies or we become a Republic, not likely before that. If you want a definitive answer, please visit a precognitive psychic.  I don't have the answer to the portrait question, might want to ask on the RCM page on Facebook. Edited by Ugly
12/11/2011 1:45 pm
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Pillar of the Community
Canada
902 Posts |
I'm sure Liz's coins will be around at least as long as Vickie's even after she is gone.
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Valued Member
Canada
451 Posts |
I don't see billions of coins disappearing anytime soon; although, the nickel versions will be rare since they are being pulled out of circulation. HOARD NICKEL!
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Valued Member
Canada
258 Posts |
I agree with Lithanial, with the quantity minted they'll take a while to disappear.
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Pillar of the Community
 Canada
617 Posts |
George VI coins (even silver ones) were readily available in change when I started collecting in 1971.
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Moderator
 Australia
16842 Posts |
Trying to guess what will happen with QE2 coinage based on what happened to KG6 coinage is futile, because the times, they've a-changed. People's usage of coins has changed. Coins spend a lot less time actually circulating than they did back in 1952, and a lot more time sitting around in bowls and jars.
"Disappear" is also going to need some definition, because unless Canada does a major coinage reform and changes the sizes and/or compositions of the coins, they'll never go away entirely. I found some George VI coins, and even a couple of George V coins, in circulation while I lived in Canada for six months in 1983.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
Australia
21788 Posts |
The 5 cent pure nickel coins must have all just about disappeared from circulation by now. Besides the nickel hoarders amongst the public, the RCM is actively withdrawing them from circulation as well. In that sense, Canada is undergoing at least a minor coinage reform. |
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Valued Member
Canada
307 Posts |
Quote:
I don't see billions of coins disappearing anytime soon; although, the nickel versions will be rare since they are being pulled out of circulation. HOARD NICKEL  hail horder long life and good hunting |
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Pillar of the Community
Canada
3692 Posts |
Is it actually viable for the RCM to remove nickels from circulation? What would they be used for - to build fighter jets, tanks, guns? Educate me, please, I'm not trying to be snooty. They would serve a longer life if used in circulation, in my view, because it would cost the RCM money to replace what we already have. Right? Wrong? |
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Pillar of the Community
Canada
693 Posts |
Quote:Is it actually viable for the RCM to remove nickels from circulation? The RCM introduced an Alloy Recovery Program in the year 2003 (mentioned in the 2004 Mint Report I believe). Presumably the program is still active and ongoing. Pure nickel coins are sorted out automatically and removed from circulation. Pure nickel is good for... plating cheap steel blanks.  |
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Pillar of the Community
Canada
1733 Posts |
Scissel stated it correctly, the nickel coins are pure enough to use DIRECTLY without reprocessing as raw material for plating new coins.
I use pure real nickel coins for the same purpose since I can get them cheaper than nickel anodes.
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Pillar of the Community
 Canada
1700 Posts |
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Replies: 12 / Views: 2,221 |
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Posted 12/11/2011 2:06 pm
