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 Replies: 14 / Views: 1,793 |
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Pillar of the Community
United States
898 Posts |
I collect primarily US coins but I bought my first Loonie book. I live in Vermont, and being a border state we get a lot of change mixed in from Canada. I work at a credit union with a coin counter and often times people leave rejected Canadian currency or just ask us to take it. We do not exchange, and no banks exchange coin in our area. These "rejects" add up and I had to pick out American money from it which was quite a bit but the remaining Canadian just sits there. I was curious if you all think I should buy it because I think if I asked our accounting dept. and my boss, I could get it for much lower than the exchange rate. I would estimate maybe 45-75 of coin in the jar. I know for a fact there are colored currency. I only bring this up because it seemed odd, but I know nothing about that.  Are Canadian pennies going up in value, I heard after the discontinuation that the government is destroying them. Good luck in the Olympics northern neighbors! |
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Pillar of the Community
1844 Posts |
well if you can get them for less then why not start collecting them..There are many great coins to collect aswell as the paper .. And thanks on the well wishes as they go back to you also..
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Pillar of the Community
 United States
898 Posts |
I just don't know if I should because I know very little such as rarities. I'll ask next time it comes up in subject I guess. Still sore about the '10 games but this year I look at your roster.  talent everywhere. |
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Pillar of the Community
Canada
1005 Posts |
I'd buy. Less than face you really can't loose.
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Pillar of the Community
Canada
2805 Posts |
Yes, grab it all! Canadian coins in America will probably have a higher percentage of silver coins mixed in because of a lack of knowledge (we made silver coins until 1968, not 1964, so some "casual" coin hunters might just pass them on by).
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Pillar of the Community
United States
898 Posts |
nalaberong, thanks for that little tip. And trust me, these coins weren't "hunted" at all.
Typical conversion is something like this:
Me: "Hi, you left some Canadian coins in there, would you like to keep them?"
Member: "Do I have to? They're not worth anything anyways..."
Me: "We have a jar we can toss them in if you wouldn't like them."
They opt for that. No idea why they'd throw away free money but who knows. I think the current rate is CAN 1.00 to USD 0.72. But I'm not 100%. I'd love to get it. I'll see if I can, and if I do (months later) search it I'll post results. Hoping for now.
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Pillar of the Community
Canada
1005 Posts |
$0.89 us. for $1.00 can. Approximately
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Valued Member
Canada
95 Posts |
Canadian dollar is worth .90 cents to the U.S dollar right now, plus banking fees. I collect U.S coins myself, since canadian money is darn near impossible to find anything worth while. But I do live in Canada and see it every day.
A 1991 quarter is worth ten dollars, since the mint was on strike that year.
Good luck if you do decide to buy them.
You might find the loonies and twoonies interesting, since we Canadians seem to change the design every year lately.
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Pillar of the Community
United States
898 Posts |
And then there's the "Lucky Loonie"! I'll keep an eye out for all this stuff.
Also, if someone would enlighten me on Toonie popping, we found one at work and heard it had to do with the cold. We were focusing on work but couldn't pop it. Any hints would be enjoyable.
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Pillar of the Community
Canada
1005 Posts |
The ring has a groove in it that the core squishes into when they are pressed together in the minting process
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Pillar of the Community
United States
898 Posts |
So its impossible? I heard you could with a toonie from, I think '96, the first year they were minted.
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Valued Member
Canada
95 Posts |
I think you can from any year. I just take a hammer and punch, all you have to do is punch the center out.
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Pillar of the Community
Canada
1005 Posts |
It is not impossible.
It is practically impossible by hand.
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Pillar of the Community
Canada
1005 Posts |
The stories about the 1996, the first year they were minted there were two types of planchets used and some were easier than others to press out.
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Pillar of the Community
Canada
1005 Posts |
Modern Canada proof coins cracked out of sets are .925 silver since 1996. Ultra heavy cameo portrait.
Chances are slim, but you never know what is floating around in your coin machine.
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Replies: 14 / Views: 1,793 |
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Posted 01/28/2014 5:44 pm
