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 Replies: 39 / Views: 15,788 |
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New Member
Canada
36 Posts |
Do canadian banks usually order them?
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Pillar of the Community
Canada
4227 Posts |
No. They're no longer intended for circulation.
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Pillar of the Community
Canada
3049 Posts |
Please correct me if I'm wrong but I can't remember when the banks actually stocked 50 cent pieces at all. Have the banks ever stocked 50 cent pieces since they were nickel issues.
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Pillar of the Community
Canada
5324 Posts |
Back in the days like 1967 50 cents were issued through the banking system, I believe.
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Valued Member
Canada
174 Posts |
I have been in a bank that they said they could order 50c's.
Most of the time I just ask at the counter if they have any on hand.
Edited by xd99xd
10/12/2015 12:18 am
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Pillar of the Community
Canada
9150 Posts |
You will only get .50 pieces at a bank IF someone has turned in ones that they have saved.
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Pillar of the Community
Canada
1747 Posts |
xd99xd, no bank can order silver dollars or 50 cent pieces as they are not intended for circulation, banks/credit unions can only order regular circulation coins. Some of the larger banks can sell RCM collector coins, or bullion coins, but not 50 cents. the only way the bank gets these is if someone comes in and cashes them. |
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Pillar of the Community
Canada
1747 Posts |
AgCoinAu, the last 50 cent coin intended for circulation was the 2002 jubilee coin, however someone's brilliant idea to circulate these was to give them to the post offices, not the banks (I don't understand this thinking) so I have found some banks that actually have these from someone's collection still mint sealed (and I mean lots of these)
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Pillar of the Community
Canada
2517 Posts |
As far as I know, no. A few times when I asked if they have any in the branch and they don't have any, they mentioned that they can't order any 50 cent pieces or large dollars, but they have to return them ASAP when someone turns them in. Same thing goes for NCLT and silver.
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Pillar of the Community
Canada
1747 Posts |
I don't think that rule is law, and is perhaps just the bank managers rule. I know about 15 banks that have silver dollars/50 cent pieces as I am writing this. Normally the banks will hold these and hope that a collector will ask about them, and they can sell them.
Remember it cost the bank $$ to ship out coins, so they ultimately want to ship out as little as possible.
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Pillar of the Community
United States
1373 Posts |
When I visited two Canadian banks a couple of weeks ago, I asked if they had ANY fifty cent coins or pre-loonie dollar coins (post 1968 clads) and both told me they NEVER have either one. I got six rolls of loonies and twonies, but I guess I have to overpay to get any fifty centers for my albums.
I am told that almost all Canadian clad 50-cent, 1 dollar, and 2 dollar coins are just worth face value, but the only way I can get any is to pay 2,3, or 4 times face. Uggh!!
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Pillar of the Community
Canada
2517 Posts |
Quote:
perhaps just the bank managers rule Most likely it is. Smaller branches are usually more willing to let me buy the "odd" coins and older bills (and also more likely to say they will hold on to them for me if they come in) than larger branches are. Large branches say they ship them off at the end of the day. |
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Pillar of the Community
Canada
849 Posts |
First off, you might get better (more) responses if this were transferred to the Canadian Coin section. I agree with the one poster who said that since 2002 it is basically just through the mint or coin dealers who purchased through the mint, that you could get current year 50 cent pieces. You can find them mint on ebay for past years. From time to time I go into my local branch bank and pick up thirty or forty fifty cent pieces that have been dropped off. They are always nickel and usually circulated (slightly) from the years 1968 to the early 1990s. When I ran a retail store in the 1980s I'd sometimes go into the bank and get a roll of 50 cent pieces as they were stocked then, just not widely circulated. I'd give them out in change just for fun. People would do a double take when they expected to get back three quarters and only got two coins in return - one of them being a fifty cent piece. |
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New Member
 Canada
36 Posts |
Well could a mod move it to the Canadian coin section?
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Moderator
 United States
187637 Posts |
Yes.  |
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Pillar of the Community
710 Posts |
If you visit a bank branch ask the teller if they have any 50 cent pieces. Some branches might save them for you if you are a regular customer.
Edited by Alex A
10/14/2015 10:34 am
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Replies: 39 / Views: 15,788 |
Posted 10/11/2015 10:34 pm
