| Author |
 Replies: 14 / Views: 2,051 |
|
|
Pillar of the Community
United States
4870 Posts |
When the cents are finally withdrawn from circulation, will the US cents that I am sure are in there be melted down as well?
|
|
|
|
Pillar of the Community
Canada
1723 Posts |
I would think so. Doubt that the RCM is going to sort through them. They will likely be all thrown into the big pot. Edited by samsnate
01/06/2013 8:32 pm
|
|
Pillar of the Community
United States
745 Posts |
 you are probably correct that the RCM is NOT going to sort through them to pick out the US cents, Yes They will likely be all thrown into the big pot.  But The RCM will break US Law if they Melt Down The US Cents...we can't Melt Down The US Cents  Hope this does not start WWIII  Edited by Penny4Me
01/06/2013 8:49 pm
|
|
Valued Member
Canada
73 Posts |
but I think they might have a sorting machine based on the metals in the pennies... |
|
Pillar of the Community
United States
2734 Posts |
Quote:The RCM will break US Law if they Melt Down The US Cents The U.S. law against melting U.S. Cents doesn't apply in Canada. |
|
Pillar of the Community
Canada
5324 Posts |
|
|
Pillar of the Community
United States
998 Posts |
While I know that US currency is accepted at many, if not most, establishments in Canada, are US coins separated out regularly? I travel in Canada often and have never been refused acceptance of US currency. When I use my US currency I receive change in Canadian currency and coin but other than the occasional cent rarely do I receive US coins in change. |
|
Valued Member
Canada
386 Posts |
I suspect they have the technology to separate them. Steel ones can be separately magnetically. Zinc versus copper could be done by weight (with copper being the heaviest). The separation is mostly likely done by optical scanning like they do with nickels (where they keep all coins with mint marks ("P" and " RCM") in circulation Edited by 1945V
01/07/2013 06:38 am
|
|
Valued Member
Canada
55 Posts |
Reply to n9jig
I have searched a number of boxes of Canadian pennies and estimate that anywhere from 5-10 % of a roll are American. Don't know about other denominations so cannot comment on those. I have been able to put together a respectable collection of circultion American pennies from 1920 to date (a few still missing)from coins I have found in searching boxes of pennies. Not the best quality of coins but interesting in itself, and I only paid a cent each for them.
There are other threads on this site that also talk about the number of American coins found in Canadian coin roll searching.
|
|
Pillar of the Community
Canada
9165 Posts |
A lot depends on how close you live to the border, I'm right on the border and get a lot of US cent coins.
|
|
Pillar of the Community
 United States
4870 Posts |
I'm a couple hours from the border of Ontario. Canadian coins of quarters and lower are all commonly found here in our change and roll searches. I was getting about 80-90 Canadian cents in a $25 box of US cents.
Edited by TheForce
01/07/2013 9:35 pm
|
|
Pillar of the Community
Canada
632 Posts |
Having nothing to do right now, I was thinking about the removal of the 1c from circulation:
I may be wrong (and probably am) but I think the process worked quite well in Australia and New Zealand because they don't have a neighbor pumping millions of these coins into circulation every year.
I think that 5 years from now, when the bulk of canadian coins is removed from circulation we will have American cents circulating and being used regularly as change.
How the Mint and the Bank of Canada will deal with the issue, I have no idea. How the US will react is anyone's guess.
|
|
Pillar of the Community
United States
4870 Posts |
If the US also discontinued the cent I think the transistion would be easier for removal.
|
|
Valued Member
Canada
271 Posts |
Quote:But The RCM will break US Law if they Melt Down The US Cents...we can't Melt Down The US Cents It wouldn't be breaking the law if the RCM did it. You can't melt the US pennies in the US. In Canada, there's no law against it. Wait... They would have to sort them anyway. Don't want any zincolns contaminating their penny-bullion!  |
|
Pillar of the Community
United States
745 Posts |
Don't want any zincolns contaminating their penny-bullion? What? 1997 to present, Canada has been making zincqueens Composition: 98.4% zinc, 1.6% copper plating  So in US we can melt down those 98% CU Canada penny, there's no law against it here  Edited by Penny4Me
01/09/2013 7:52 pm
|
| |
Replies: 14 / Views: 2,051 |
|
Posted 01/06/2013 8:48 pm
