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Status Of Coin Rolls In Canada?

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JBU's Avatar
Canada
48 Posts
 Posted 12/12/2017  11:35 am Show Profile   Bookmark this topic Add JBU to your friends list Get a Link to this Message Number of Subscribers
Can somebody please enlighten me on what is going on with coin rolls in Canada? Somebody mentioned that there is a distribution agency that pulls all old coins out of circulation and redistributes newer coin rolls to banks. Is this true? Thanks!

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Valued Member
arvan's Avatar
Canada
125 Posts
 Posted 12/12/2017  3:10 pm  Show Profile   Bookmark this reply Add arvan to your friends list Get a Link to this Reply
That is what I heard. Apparently they have machines that sort through older coins so that they can get melted down. Sounds like coin hunting is going to get much more difficult up here in the great white north :S
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JimmyD's Avatar
Canada
21606 Posts
 Posted 12/12/2017  3:36 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
Another money maker for the Mint.
It's called the ARP (Alloy Recovery Program)
where all the nickel coins are recalled and replaced
with multi-ply plated steel coins.
Apparently they can sell the nickel for more than
what it costs to replace them.
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Canada
9864 Posts
 Posted 12/12/2017  3:37 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
They have been doing this for many many years now.
It's called the Alloy Recovery Program.
Google it or search this forum for more info.
"Dipping" is not considered cleaning...
-from PCGS website
Valued Member
Canada
95 Posts
 Posted 12/12/2017  4:56 pm  Show Profile   Bookmark this reply Add robinkar to your friends list Get a Link to this Reply
If this is the case, are there any suggestions on where to get rolled coins rather than from the bank.
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kuh_85's Avatar
Canada
2366 Posts
 Posted 12/12/2017  5:15 pm  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
You'd have to buy them from a dealer or on ebay or one of the other sites if you're specifically looking for older years.
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loonielewy's Avatar
Canada
1778 Posts
 Posted 12/12/2017  5:34 pm  Show Profile   Bookmark this reply Add loonielewy to your friends list Get a Link to this Reply
Finding the old coinage is getting harder for sure, but still there. It does not help our hunting hobby.

Don't give up though.
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"

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In memory of crazyb0 July 27 2020. RIP.
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JBU's Avatar
Canada
48 Posts
 Posted 12/12/2017  6:33 pm  Show Profile   Bookmark this reply Add JBU to your friends list Get a Link to this Reply
Picked up two kinds of 5 cent coin rolls from the bank today. One is the "coin-tainer" variety, light brown in colour. The other is the "Coinage Distribution Inc." brand, white in colour. The light brown packaging gave way to a few nice US nickels and some 70s Canadian nickels and gave me some hope. But, the white packaged "Coinage Distribution Inc." was depressing - not much there at all except very recent coins.
Status-Of-Coin-Rolls-In-Canada?
Status-Of-Coin-Rolls-In-Canada?
New Member
JBU's Avatar
Canada
48 Posts
 Posted 12/12/2017  6:35 pm  Show Profile   Bookmark this reply Add JBU to your friends list Get a Link to this Reply
So, this was my take after 15 rolls of 5 cent Canadian coins. Pretty pathetic coin roll hunting if you ask me.
Status-Of-Coin-Rolls-In-Canada?
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accordselux's Avatar
United States
154 Posts
 Posted 12/12/2017  8:47 pm  Show Profile   Bookmark this reply Add accordselux to your friends list Get a Link to this Reply
Doesn't sound that bad imo.
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oriole's Avatar
Canada
5239 Posts
 Posted 12/12/2017  9:02 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Yes, pretty pathetic-which is why I gave up CRH here. I read somewhere that all the change put into Coinstar or its equivalent gets sent to the recyclers for extraction of the copper/ nickel.
Valued Member
Canada
122 Posts
 Posted 12/12/2017  9:21 pm  Show Profile   Bookmark this reply Add CurrencyLooker to your friends list Get a Link to this Reply
This is my comparison between the US and Canada

United States:
Pennies: Easy to obtain, enjoyable, and a good chance in finding older stuff.
Nickels: Easy to obtain, enjoyable, and good chances in finding older stuff and silver.
Dimes: Still easy to obtain, can be boring, but good chances of finding silver.
Quarters: Still easy to obtain, can be very very boring, low chances of finding silver.
Halves: Need the bank to order or customer rolls, less frustrating than quarters, good chances of finding silver.
(Big) Dollars: Mostly loose coins from customer sometimes available for order, interesting when there's a chance, low chances of silver.

Other factors:
The US has more population and more mints and thus in most cases more coins produced per year.
The government does not seem to be picking out old coins.
Has 5 different types of coins available for order from the bank in most cases.


Canada:
Pennies: Extinct like the dodo, although you can get some from the bank if lucky.
Nickels: Easy to obtain, enjoyable, but chances of finding older stuff are not easy due to different portraits on the coins and ARC.
Dimes: Easy to obtain, frustrating, most of the coins are new due to the ARC and different portraits on older coins.
Quarters: Easy to obtain, very frustrating, coins are new due to ARC and different portraits on older coins.
Halves: Extinct, loose coins from customers if lucky, size of the silver coins are different from the newer nickel coins, mostly recycled by the mint.
(Big) Dollars: Extinct, same as the halves.

Other factors:
Although Canada stopped the 10, 25 cent silver coin production later than the US, the volume produced tend to be less than the US as well as the purity (80% later 50%, sterling coins are as rare as a living dodo).
No War Nickels.
The government has the Alloy Recovery Program in place, which has removed nearly all coins produced before 2001 and all halves and dollar coins.
Only 3 different types of coins to order.
Bank wrapped rolls are all brand new due to the ARC.
Halves, which are the main type of coin to search in the States, are extinct in Canada.
Different faces on the observe due to the different monarchs means it is easier to notice and be taken out.

Trust me, coin roll hunting in Canada is not easy and can be very, very frustrating.
Edited by CurrencyLooker
12/12/2017 9:24 pm
New Member
JBU's Avatar
Canada
48 Posts
 Posted 12/13/2017  09:09 am  Show Profile   Bookmark this reply Add JBU to your friends list Get a Link to this Reply
Last time I bought Canadian coin rolls was 5 years ago and I recall finding considerably more older nickels.
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arvan's Avatar
Canada
125 Posts
 Posted 12/13/2017  10:41 am  Show Profile   Bookmark this reply Add arvan to your friends list Get a Link to this Reply
You can't get pennies from the banks anymore in Canada. I have talked to several branches and they are not allowed to give clients pennies even if they have them on hand. They are all sent to the mint to get melted down.
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JBU's Avatar
Canada
48 Posts
 Posted 12/13/2017  9:26 pm  Show Profile   Bookmark this reply Add JBU to your friends list Get a Link to this Reply
That's what a couple of tellers at two different banks told me yesterday. But, I think if you are nice enough to the bank manager and ask nicely they might give you some... Depends on who you know, I'd say. It's not the biggest crime in the world, giving out some pennies.
Valued Member
Taiwan
192 Posts
 Posted 12/13/2017  11:30 pm  Show Profile   Bookmark this reply Add Guybrush to your friends list Get a Link to this Reply
I'm trying to apply to an university in Canada for next year's fall term, so this definitely broke my hope of trying CRH
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