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Steel Nickel? 1953 Stanley Steel.

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Harmonica's Avatar
Canada
1118 Posts
 Posted 11/26/2014  4:53 pm Show Profile   Bookmark this topic Add Harmonica to your friends list Get a Link to this Message Number of Subscribers

http://www.ebay.ca/itm/Stanley-Stee...em51b94efe86

I have roll searched a lot of nickels and never heard about this. It was made at the RCM I guess but with steel from Stanley Steel co. in Ontario.

I thought nickel planchets came from the Sherritt mint and were pressed at the RCM. I find it weird that CCF and Google have nothing to say on this.

"I recently acquired these 4 presentations of 5 Cent coins from Stanley Steel. These are extremely scarce and collectable. There are 2 1951 5 cent in one set....a 1944 and 1951 in the other and there are 2 of the 1953 issue sets. The 1951 and 1953 coins are high grade the 1944 is cleaned unc."

Any idea?
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Altaira's Avatar
Canada
2519 Posts
 Posted 11/26/2014  5:08 pm  Show Profile   Bookmark this reply Add Altaira to your friends list Get a Link to this Reply
"Whatever the explanation, the new steel coins were sufficiently popular with all parties to survive until the use of nickel was resumed after the war. In fact by early 1945, supplies of nickel were sufficient to permit this metal's use in coinage, but the government continued to issue the steel coins throughout the year. This was done as a gesture to the Stanley Steel Co. which had gone through some trouble and expense to supply the steel blanks. The standard nickel coins with their familiar beaver design were reintroduced in 1946. They retained the twelve-sided shape, and the tombac coins began to be withdrawn."

Haxby, J. A., Striking Impressions p. 176

This is the only time I see Stanley Steel mentioned in the book (and also the first time I see that the RCM got their wartime planchets from an outside source), in the last paragraph of the chapter "Coinage During the War Years".

There is another mention of steel nickels, three chapters further. The Stanley Steel Co was not mentioned:

"The 1951 commemorative five-cent piece did very nearly become scarce. the Korean War which had begun in the summer of 1950 put renewed pressure on Canada's supply of refined nickel which was useful for weapons of war as well as for coins. Once again the five-cent piece had to be composed of steel. This time it was coated with a very thin (.01 mm) layer of nickel and plated with chromium, The beaver reverse with very slight modifications was used again. Only the Mint's early production, beginning in 1950, of more than eight million commemorative coins saved the country from having to honour the discovery of nickel with a steel coin. It also deprived speculators of a rarity."

Haxby, J. A., Striking Impressions p. 198

By the way Harmonica, I replied to your PM.
Edited by Altaira
11/26/2014 5:15 pm
Pillar of the Community
Harmonica's Avatar
Canada
1118 Posts
 Posted 11/26/2014  5:32 pm  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
Oh, duh. I knew that. I just never knew the name of the steel company and I never seen them packaged like that.

How on earth did he come up with that price tag.

I will check my emails now, thanks.
Forum Kid
Vancouver IslandCoinKid's Avatar
Canada
1074 Posts
 Posted 11/26/2014  7:32 pm  Show Profile   Bookmark this reply Add Vancouver IslandCoinKid to your friends list Get a Link to this Reply
i believe that they were manufactured with a alloyed carbon steel, and coated or plated with a chromium protection. Cold rolled is a form of steel production in which the steel is manufactured/forged with a higher carbon content, then "cold' rolled or formed without the use of heat.

Please do not reply to mine with a "duh I knew that..."

however, I have never heard of these from the mint. Interesting..
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Harmonica's Avatar
Canada
1118 Posts
 Posted 11/26/2014  9:07 pm  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
No Vancouver I did not know that. I think all the big words is what made me forget about the whole Korean war measure thing.
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