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 Replies: 53 / Views: 10,279 |
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Pillar of the Community
United States
1750 Posts |
When I have been to Canada I am amazed at how fast they have been culled from circulation. Last time I was there all I got was a 1964 5 cent piece. All the rest of the change was that nickel plated steel stuff. How many pure nickel coins are you folks finding nowadays?
I miss them already....durable little workhorses and a real piece of Canadiana, as nickel could almost be named the Canadian national metal. One of these days I have to wander up to Sudbury to see the Big Nickel.
Over here in the States occasionally I get one or two and they immediately go into a cup of them I have. Recently I got a set of the 1992 "Canada 125" 25 cent pieces for a song, something that will not be seen in circulation anymore. Edited by DoubleEagle20
10/25/2013 8:28 pm
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Pillar of the Community
Canada
2805 Posts |
Yes, I am even starting to miss the oh-so-common 1999/2000 Millennium quarters. My great-grandmother got me a set as a kid :)
I have not seen a 12-sided nickel for a very long time... a 1961 was seen in July sitting in a Safeway donation box :(
However, another donation box at the same store netted me coins from Brazil, West Germany and the UAE when I asked! :)
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Pillar of the Community
Canada
686 Posts |
In 2007, I was still in university, and spent my summer pulling pure nickels from rolls. I was steadily hitting 23% (excluding mint boxes, which I obviously didn't bother searching). I went through over $200K in nickels that summer, and I'm confident that was the percentage at the time between Toronto and Windsor. The price has tanked since, so I obviously don't search them any more, but from time to time, I'll grab a box just to see how many are still out there. I haven't done it in a few months, but 3-4 per roll seems to be about the average, so 7-10% I would say (once again, excluding anything from the mint or companies who remove them).
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Pillar of the Community
 United States
1750 Posts |
Sounds about right, jg86. I've read the next coins to bite the dust are the pre-2012 loonies and toonies. The RCM won't be happy until they've destroyed an entire generation of coinage. Sorta sad for the kids and adults who liked to collect from pocket change. If you're like me nalaberong, I bet you wanted that 1961 really bad ;) The RCM probably got their grubby little paws on it. Edited by DoubleEagle20
10/26/2013 6:05 pm
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Pillar of the Community
Canada
2366 Posts |
@doubleeagle20 search for the old threads on the ARP (Alloy Recovery Program) and you'll see where they're all going.
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Pillar of the Community
United States
1750 Posts |
Yup, I've read on the ARP. The RCM is actively removing them from circulation and melting them for the metal content. Sad for the hobby and the kids that collect. Thanks for the suggestion on querying about the ARP. ;) I hafta admit they have made my big Canadian loose leaf binder collection much more manageable. I started at 1908 and the collection now ends at 1996 for the one cent and at 2000 and 2001 for the 5 cent, 10 cent, 25 cent and 50 cent coins. No steel loonies or toonies are allowed either. No plated steel in that book! Edited by DoubleEagle20
10/26/2013 11:12 pm
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Pillar of the Community
Canada
519 Posts |
I went through 2 boxes of nickels today and they seemed to have more nickel nickels than usual. I don't bother pulling them anymore though. I just keep 1964 and before plus 1967, 1970 and 1991. I would say 10% sounds about right for 1981 and earlier.
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Bedrock of the Community
Canada
11922 Posts |
I usually find around the 10% mark roll hunting. But sometimes I get to the 20 and 30% mark.
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Pillar of the Community
Canada
1581 Posts |
Quote: RCM won't be happy until they've destroyed an entire generation of coinage. The RCM clearly cares little for legacy circulation collecting. Their active rejection of any responsibility in the fight against counterfeits shows that. Canada is leading the world in the ultimate debasement of coinage. That's where this is coming from. Maximize seignorage with debasement and then make some extra money from the withdrawl of the alloys with value. |
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Pillar of the Community
United States
1750 Posts |
You speak the truth, dialog. You are 100% correct.
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Pillar of the Community
Canada
2805 Posts |
I wish Canada was leading the world in anything!! Alloys with value? Yes, the Bretton Woods system lives on in our barely-meltable nickel coins. Why, each 25-cent coin is backed by a mighty 7.3 cents of intrinsic nickel value! Curse you, RCM, for destroying our last bastion of metal-based currency. Meanwhile, the Eurozone, the UK, Japan, Norway, Denmark, Switzerland, and a few other countries I don't remember all have circulating coins more valuable than our toonie, none of which have a whiff of silver to them. Where are we leading? (Melting down our own coins - every other country that's had a monetary reform in the past has done this!) |
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Pillar of the Community
United States
1750 Posts |
We lead the way in 1965, nalaberong. Our debasement in the United States to 92 percent copper from 90 percent silver was so deep that it has lasted until today. There is no movement down here to change our dime nor quarter, because it so heavily copper. Only talk is for ending the cent and what to do about the 5 cent piece. I suspect we will switch to plated steel for the 5 cent in a couple of years. I read the producer of our Zincoln blanks has licensed the RCM's plating process. My guess is for the production of 5 cent blanks. |
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Pillar of the Community
Canada
2805 Posts |
Quote:
We lead the way in 1965, nalaberong. Our debasement in the United States to 92 percent copper from 90 percent silver was so deep that it has lasted until today. Wait, this is also untrue!! :O I guess everyone wants to say "my country's the worst, and I'm proud of it!". But the UK switched to .500 silver in 1920, and to copper-nickel in 1947, and they won as many wars as the U.S. did. |
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Pillar of the Community
United States
1750 Posts |
Good point on the British. Then I guess it just depends how far back we go, too. The Romans debased the denarius pretty badly, but it just took them longer to do it...lol.
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Pillar of the Community
Canada
567 Posts |
I've gone through a $ 100, maybe $ 140 worth of nickels and I have collected almost...
1. Almost a 500ml jar worth of nickel nickels.
2. Almost a roll of 12-sided nickels
3. Almost a roll of 1963/1964 nickels.
I'm guessing another $ 60 to $ 100 worth of nickels and the rolls/jar will be full.
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Pillar of the Community
Canada
1581 Posts |
I did say ultimate debasement. Is there anything cheaper than plated steel that would keep the same "look"?
I would think we'll now see elimination rather than any further attempts to debase Canadian coins.
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Replies: 53 / Views: 10,279 |
Posted 10/25/2013 9:53 pm
