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 Replies: 16 / Views: 3,481 |
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Moderator
 Canada
10456 Posts |
When it comes to large heavy coins, even if they are obsolete like the nickel dollar, they don't travel well... I buy them in bulk from coin dealers, basically acting as their "bank". Here is the net result (19 coins) of a 1000 coin search, pretty much typical for the batch, except it did not have any 1974 varieties. I suspect the dealer already picked through them for 1974 VCR types. I only keep the "nice" MS-64 coins, and anything MS-65 and up goes to ICCS. Now and then, I get a rare gem to send to PCGS. Other varieties, like those shown, I keep if they are in BU (mint state condition). Everything goes to my bank in bulk bags (which they accept). My bank, being in Ottawa, calls in the Bank of Canada to pick them up to be delivered to the Royal Canadian Mint for the alloy recovery program.  "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
United States
50 Posts |
Nice finds man, love the first 1981!
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Pillar of the Community
United States
4211 Posts |
Super nice nickel dollars!  Thanks for sharing your finds with us! |
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Pillar of the Community
Canada
5239 Posts |
So, they are getting melted down, although slowly. I thought that they might float around, unwanted, forever.
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Pillar of the Community
United States
4867 Posts |
Did these actually circulate and can you still get them in your change?
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Pillar of the Community
Canada
9158 Posts |
You have to keep checking at the banks to see if someone has cashed any in.
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Pillar of the Community
Canada
2187 Posts |
Quote:
Did these actually circulate and can you still get them in your change? These nickel dollars were used from 1968-1987, and then in 1987 they introduced the loonie that you might be familiar with today. So yes, these circulated. After the loonie was introduced, I think they started phasing these ones out. So you probably won't find them in your change (other than at the LCS, just for fun). You could find them in banks if anyone brought any in, just like mcshilling said |
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Pillar of the Community
Australia
7096 Posts |
I have a bunch of these that will never be recycled at the Mint  I think they are great looking coins and they complement the Silver dollars in my Canadian Set Nicely  Do you ever get lucky and find the odd Silver coin amongst these SPP? |
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Moderator
 Canada
10456 Posts |
Quote:
Do you ever get lucky and find the odd Silver coin amongst these SPP? I have, and silver 50c coins, and even silver US half dollars too. I have also found everything from Trade dollars to wooden nickels in those 5-gallon pails. That said, I have an excellent rapport with the dealers I get these from, so I usually inform the dealer of their mistake. If they tell me to "keep it", I buy them a coffee the next time I see them - if I get Trade dollars or junk tokens, the dealers usually owe me a coffee. I am grateful to get nickel dollars at face value in bulk, and I would rather maintain a good relationship and gentlemen agreements with those dealers... "Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Australia
7096 Posts |
It sounds like you get a lot of fun out of those buckets  |
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Bedrock of the Community
United States
94367 Posts |
Thanks, most interesting!
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Bedrock of the Community
United States
11951 Posts |
Thanks for posting this.
I am always interested in how coins are collected in Canada.
Here in northwest Florida I see these type dollars come through the LCS .
I have kept one of each type of these, but had no idea if they had collector
value.
Sometime in the near future I plan on ovine back to Michigan. I am thinking
Canadian coins might be collected more in Michigan, than here in Florida.
I do try to put away Canadian coins that might have potential of selling,
once I get to Michigan.
I will have to read up on these nickel dollars ... in case I see some with potential.
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Pillar of the Community
United States
4867 Posts |
We get lots of Canadian coins in our change here in Michigan @GR58. Just from the quarter down to the penny. Once in a blue moon you might find a loonie in a roll of dollar coins but that is rare. I used to have the entire run of nickel dollars some time ago but had to sell due to finances at the time.
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Valued Member
Canada
458 Posts |
yes its hard to find old when the mint does this
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Valued Member
Canada
74 Posts |
Very nice SPP, a little jealous, in the horde I've been through I did find 3 rolls of bu '68 but almost everything else is banged the heck up :)
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Bedrock of the Community
Canada
10743 Posts |
Very nice SPP, I often get these from my bank when people bring them in. I usually keep them to give out to tips at restaurants. Maybe, I should start keeping them.  |
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Replies: 16 / Views: 3,481 |
Posted 10/13/2016 07:03 am
