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1968 Canada Dollar Coin - Bin It?

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Pillar of the Community

United States
837 Posts
 Posted 11/19/2018  5:00 pm Show Profile   Bookmark this topic Add jeffbuckes to your friends list Get a Link to this Message Number of Subscribers
I have a 1968 dollar coin from Canada. It's attractive but copper-nickel so it doesn't seem to have any value over face.

The coin doesn't fit my collection of Canadian silver, nor is it worth the effort to sell it on ebay, but I feel weird just tossing it in the Coinstar machine.

Anyone else feel guilty dumping coins like this at Coinstar - even coins that aren't worth much over face?
Pillar of the Community
Canada
819 Posts
 Posted 11/19/2018  5:24 pm  Show Profile   Bookmark this reply Add TerryT to your friends list Get a Link to this Reply
If it's not uncirculated condition, give it as part of a tip. I have left nickel dollars and fifty cent pieces (even a worn-out 1859 cent) as tips and the recipients are happy, curious, amazed, confused to get them. Most non-collectors don't even realize they are real. It can also spur someone else to start collecting, or show it to their children who may start collecting. Win/win.
Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 11/19/2018  5:34 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good advice - I do this all the time!
Pillar of the Community
Altaira's Avatar
Canada
2517 Posts
 Posted 11/19/2018  5:39 pm  Show Profile   Bookmark this reply Add Altaira to your friends list Get a Link to this Reply
It's a nickel dollar, made of nickel, not copper nickel. The 1968 has some doubled dies, check for them first.

They're inexpensive, and I agree with the above posts - if you don't want it, leave it as a tip, or give it to children. They'll be curious getting something you don't see every day.
Pillar of the Community
United States
837 Posts
 Posted 11/19/2018  7:07 pm  Show Profile   Bookmark this reply Add jeffbuckes to your friends list Get a Link to this Reply
That's a good idea - I'll drop the dollar coin in a tip jar on my next trip up north.

Thanks for the tip - pun intended.

BTW: thanks for clarifying that the dollar coin is nickel not copper-nickel.
Pillar of the Community
Canada
819 Posts
 Posted 11/20/2018  01:01 am  Show Profile   Bookmark this reply Add TerryT to your friends list Get a Link to this Reply
Composition of "nickel" circulating coins.

Canadian 5 cents:
- 1955 to 1981...100% nickel.
- 1982 to 2000....75% copper, 25% nickel (alloy, not plated). In 1982, with the new alloy, they must have had problems because some of the coins tarnish and turn dark.
- starting in 1999, coins with P (for plated, not a mintmark) are made of 94.5% steel, 3.5% copper, with the other 2%, nickel-plating. The last year with the p is 2006 and later ones are all plated steel even though there is no p.

10 cents:
-1968 to 2000...100% nickel.
-1999p up.......92% steel, 5.5% copper, 2.5% nickel-plating. After 2000, only nickel-plated steel is used, and the p is also dropped after 2006.

25 cents:
- 1968 to 2001...100%.
- 1999p up........94% steel, 3.8% copper, 2.2% nickel-plating. After 2001, only nickel-plated steel is used and the p is dropped after 2006.

50 cents:
- 1968 to 2000...100% nickel.
- 1999p up........93.25% steel, 4.75% copper, 2% nickel-plating. (same as 10 cents from above ).

1 dollar:
- 1968 to 1987 - 100% nickel (1987 only in mint sets).

Loonies:
-1987 up...91% nickel, 8.5% bronze (alloy, not plated).


Edited by TerryT
11/20/2018 01:09 am
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