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Spending Canadian Large Cents

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Author Previous TopicReplies: 13 / Views: 2,343Next Topic  
Pillar of the Community
bibd's Avatar
Canada
838 Posts
 Posted 01/18/2012  3:19 pm Show Profile   Bookmark this topic Add bibd to your friends list Get a Link to this Message Number of Subscribers
I have a bag of 4-5 Canadian large cents that are so beat up, bent, corroded, etc. that I can't imagine even giving them to a collector. But they are identifiable as Canadian cents, albeit probably not legal tender anymore.

I figured that, rather than hang onto them, I'd get more enjoyment from trying to spend them, or perhaps leave them in the "take a penny" trays.

Here's your chance to live vicariously through my insanity: how should I spend (or try to spend) these?

For instance, I might put on the Christopher Lloyd look and pretend I just fell out of a time machine. I could wander up to the "take a penny" tray and ask to trade my large cent for "one of those neat new small cents"!

One thing for sure: I'll make a point to find the youngest, most clueless kid possible at the cashier. I get a kick out of that dumb, post-1990, "uhh... wth" look.

I'll be sure to post my findings here!
Valued Member
ContraJame's Avatar
United States
292 Posts
 Posted 01/18/2012  3:31 pm  Show Profile   Bookmark this reply Add ContraJame to your friends list Get a Link to this Reply
Penny scavenger hunt. Post somewhere your initial clue. State that the prize is a penny. Make it as simple or complicated as you like. Eventually someone will decide it may be worth a penny to do the scavenge. If they make it all the way they'll be rewarded with something that, while it incredibly valuable, is unique and old. You'll leave them with a memory and a token for their effort.

You could also leave them somewhere only a child would look. Those little toy vending machines that cost 50c come to mind.
Valued Member
skwca's Avatar
Canada
91 Posts
 Posted 01/18/2012  4:01 pm  Show Profile   Bookmark this reply Add skwca to your friends list Get a Link to this Reply
i would go out and find some geo cashes and put them in. when some kids come across these they will get very excited to find something other then "junk" :P just an idea.
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 01/18/2012  4:07 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
Actually they are legal tender.

If you take them to the bank you can deposit them. This goes for all Canada and provincial coins back to 1858 . None have ever been demonitized.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 01/18/2012  5:13 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If they are legal tender give them to your kids to spend, that will create a stir at checkouts! I guess that in most cases they will be rejected because the checkout people for the most part will be unfamiliar with them.

A few will accept them, and exchange current coins into the till from their own pocket to keep them for themselves.

I could be a way of starting a numismatic interest and hobby in someone you never even meet!
Pillar of the Community
bibd's Avatar
Canada
838 Posts
 Posted 01/18/2012  5:17 pm  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
Nice initial ideas... Thanks everyone.

And that's cool to know these are still legal tender. I got angry looks in the UK when I tried to spend a 1970-era (slightly larger) 50p coin. By contrast, the recent history of UK coins has been a confusing disaster (though really neat for collectors)!
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 01/18/2012  5:25 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
Well I didn't mention the checkout because they prefer plastic at retail.

Anyhow, I am constantly releasing coins with value or interest into the wild including key date nickels, silver dimes,newfie cents,tombac and chrome nickels - just whatever. The point of the exercise is to get one person interested in starting a collection. I've been doing this for years and I'm hoping for just one.

Other habits - when kids come to the house (rare because I live at the far end of nowhere but sometimes the parents drive them) I pay off their events in nickel dollars and fifty cent pieces along with coloured quarters because no matter how many I deposit I always have some. I give out Christmas cards with Centennial one dollar notes, stuff like that.
Pillar of the Community
aiglet7's Avatar
Canada
695 Posts
 Posted 01/18/2012  6:27 pm  Show Profile   Bookmark this reply Add aiglet7 to your friends list Get a Link to this Reply


Ugly is correct in saying that the coins are still legal tender. But a word of caution - before you start to try and spend your "Canadian large cents that are so beat up, bent, corroded, etc." take a moment to look at this paragraph from the Canadian Currency Act which states:-

Defaced coins not current:
(2) No coin that is bent, mutilated or defaced, or that has been reduced in weight otherwise than by abrasion through ordinary use, shall pass current.
R.S., 1985, c. C-52, s. 7; 1999, c. 4, s. 11.

If you live in a smaller community the local school might welcome some for educational purposes.

Pillar of the Community
Petersun's Avatar
Canada
1700 Posts
 Posted 01/18/2012  6:37 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Give them to me for fun, if you want?
Edited by Petersun
01/18/2012 6:38 pm
Pillar of the Community
Ugly's Avatar
Canada
1733 Posts
 Posted 01/18/2012  6:58 pm  Show Profile   Bookmark this reply Add Ugly to your friends list Get a Link to this Reply
That passage from the coin act applies to all coins.

I'm just saying you can deposit you four cents and it's totally on the up and up.

Trvia
- we are the only country in the world where legal circulating currency includes George V coins (mostly nickels and pennies, silver has all been stashed)

In theory, you can pass any vickey coin at any bank and any BOC or DOC banknote...

I think that is COOL!
Valued Member
Eurocoin's Avatar
Finland
294 Posts
 Posted 06/03/2012  3:42 pm  Show Profile   Bookmark this reply Add Eurocoin to your friends list Get a Link to this Reply
Well, after few months - what happened to these cents?
Valued Member
Saint Ninian's Avatar
Canada
95 Posts
 Posted 06/03/2012  8:02 pm  Show Profile   Bookmark this reply Add Saint Ninian to your friends list Get a Link to this Reply
Yes, bibd. What did you decide on? People used to throw pennies out of the Bride+ Groom's car in Scotland. The resulting scramble was a real treat for kids.--A bit dangerous, I suppose--but I'd do something like that with 'em. Or, if stuck in a long line-up waiting to get in somewhere--reduce the crowd by chucking them out in the middle of the queue! Heh heh.
Valued Member
Islander2010's Avatar
Canada
220 Posts
 Posted 06/03/2012  9:13 pm  Show Profile   Bookmark this reply Add Islander2010 to your friends list Get a Link to this Reply
I also do my bit to promote the hobby, or stir up some new interest and possibly start someone on the wonderful journey of numismatics. Personally, I like to keep a few foreign coins on me, they can make good conversation pieces, and I have started more than one youngster on the road by giving them a foreign coin! As for releasing any oddities, oldies or silver into circulation, I'm too much of a hoarder, I guess! I would also love to know what the outcome was with these old cents...
Valued Member
pimpim's Avatar
Canada
111 Posts
 Posted 06/04/2012  12:15 am  Show Profile   Bookmark this reply Add pimpim to your friends list Get a Link to this Reply
Somtimes in public events, I'm disguise as a clown. I play ''magic'' with old pennies that I give to the kids.
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