Canadian Pennies Out - Is The Nickel Next?

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Author	Replies: 2 / Views: 917
phil5280 Valued Member United States 146 Posts	Posted 03/09/2013 6:54 pm I know of a couple dealers here in the US that are selling Canadian pennies & nickels at 10 cents each. This includes many of the very old King George dates from the 20's and 30's. I realized that a lot of these dates have very low mintages - 3 or 4 million in some cases with the nickels - so why would dealers be dumping them at 10 cents each? With the penny out of circulation in Canada, is the nickel next? With such low mintages, you would think people would be hanging onto these and not selling them at 10 cents each. Report this Post to the Staff

EastVanRob Pillar of the Community Canada 617 Posts	Posted 03/10/2013 12:03 am It was enough of a struggle to get rid of the penny. It will be even harder to get rid of the nickel, if anyone is foolish enough. For lower grade 1920's and 1930's, market value is about 20 cents and melt value is about 7.5 cents. Maybe the dealers are overstocked. Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 03/10/2013 01:53 am I think at least 10 years before the end to the nickel. There are only a couple of sought-after years (1920's), but as people move away from penny collecting, the next cheapest is the nickel. Plus last time I checked 1981 and older was worth double in nickel value. Report this Post to the Staff
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