| T O P I C R E V I E W |
| mickeyman |
Posted - 03/25/2008 : 14:33:53
I know a few other Canadians out there are collecting nickels. I'm curious about whether you are keeping the cupronickel ones as well or sending them back to the bank. |
| 16 L A T E S T R E P L I E S (Newest First) |
| MaDeuce |
Posted - 06/24/2008 : 10:01:50
About nine months ago, when speaking with a company that was implementing the "alloy recovery program", I was told that they were pulling everything from 2000 and earlier. So yes, the cupronickel coins should disappear as well.
And I can personally attest that a very significant amount of the pre-82 nickels left the country. Legally, too, I might add.
Y'all better git while the gittn's good, before your government does.
Ma |
| legacypac |
Posted - 06/15/2008 : 00:36:38
My buying confirms that the RCMint is pulling both Ni and CuNi coins via Coinage Distribution and possibly others. Therefore I am pulling all CuNi coins and dumping steel only. I've also heard that large amounts of CuNi have been exported for melt by private interests. |
| knibloe |
Posted - 06/14/2008 : 21:58:22
Sorry about the late post, As I inderstand it, the Canadian mint is pulling the CuNi from circulation? If so, the numbers surviving are going to be very slim. this will make for a good numismatic play in the future won't it?? |
| legacypac |
Posted - 06/07/2008 : 18:41:55
I've taken to just asking for both. The number of available Nickels out there seems to be going down too. Hard to quantify, but week over week the banks seem to have less on average. Perhaps I was soaking up the extras gathering dust in the vaults on my first couple weeks, and now it is normal. Who knows. |
| GoldMetal |
Posted - 06/07/2008 : 14:08:45
quote:
Originally posted by legacypac
After finding 17 boxes of presorted nickels with Zero CuNi in them, I have gone back to keeping CuNi when I find it.
I am starting to observe the same thing. It is increasingly difficult to find any nickels with any base metal content. I am keeping all CuNi for a long term play. I am also starting to realize that pennies are the way to go now as nickel yields diminish.
|
| legacypac |
Posted - 06/06/2008 : 20:58:56
After finding 17 boxes of presorted nickels with Zero CuNi in them, I have gone back to keeping CuNi when I find it. |
| legacypac |
Posted - 05/19/2008 : 23:43:09
Late poster, sorry, but I'll add my 5 cents. I keep the CuNi coins, but they go into jars rather then rerolling and storing them in mint boxes like the more valuable 0.999 Ni ones. I figure the CuNi have a longer hold time frame, and if they start moving there is plenty of time to roll them up for sale to collectors, or put in buckets for sale as scrap.
As for ditching CDN steel coins in the US - why not just mix them lightly into rolled recent date/damaged/scratched US nickels and send them back into the wild? I know you want to save all the US nickels but why tie up capital in steel CDN coins. You can always buy a few new rolls with the cash from selling the CDN/US mixed rolls. |
| HoardCopperByTheTon |
Posted - 03/28/2008 : 19:34:10
It's not me. I sort out the pure nickel ones and the copper nickel ones, but I am still stuck with the other ones because there are no Canadian banks down here in California. |
| Ardent Listener |
Posted - 03/28/2008 : 18:21:43
In my opinion, it comes down to if you have someplace better to put your money than in Canadian Cupro-nickel nickels or not. I look at the cupronickel nickel as a hedge against both inflation and deflation. To each his or her own, but if you have already gone through the trouble of sorting Canadian nickels then to me it would be worth while to hold on to those cupronickels too. If I were in Canada I sure wouldn't want to have to start sorting all over again as the economy continues to tank. |
| psi |
Posted - 03/28/2008 : 13:14:59
I only sort for the .999 too, but I am lazy about rolling/bringing back the rest so I have a lot of mixed post-81's around. I'm pretty broke right now for paper money though so I'm going to have to bring them in. Don't think I'll bother sorting for the cupronickel though. |
| mickeyman |
Posted - 03/27/2008 : 22:33:56
quote:
Originally posted by fasTTcar
I turn all my cupro's back out in the wild.
I only sort for .999.
Aha! So you're the one. |
| fasTTcar |
Posted - 03/27/2008 : 16:12:05
I turn all my cupro's back out in the wild.
I only sort for .999. |
| mickeyman |
Posted - 03/26/2008 : 16:32:35
The main reason I was asking is that I am starting to get numbers of rolls that have no nickel at all, but still have the cupronickel. I am trying to decide if it is likely the result of individual hoarders, or a commercial operation. One commercial I talked to keeps cupronickel and is holding it for a better price. But I do not know what the general consensus is. |
| wheeler_dealer |
Posted - 03/26/2008 : 09:15:14
Checked the Charlton Standard Catalog and Canadian cupro-nickel is .75 copper, .25 nickel, these are for dates 1982-1989. It is my understanding that in 1999 the Canadian mint began using steel in their nickels not all nickels but in varied productions. If you can tell the difference great.
As a long term play (if you are only parking $ anyway) why be in paper of any type if you don't have to. Nickels are small enough not to take up much and if you ever hit a cash crunch they are still legal tender. Almost no risk other than collections don't pay interest (directly). |
| dpwozney |
Posted - 03/26/2008 : 01:59:00
I keep them, for now at least, and it takes little extra effort to do so. If I did not keep them, the money, that I would be holding in their place, would be in some other form other than nickels (or pennies). |
| pencilvanian |
Posted - 03/26/2008 : 00:52:36
Since no one else posted here I think I will though I live down south of Canada-
Whenever I get cupronickel Canadian nickels I set them aside for their future melt value. Granted, right now the melt value isn't much, but I figure cupronickel nickels, both US and Candain, are where copper cents were in 1983-1985, overlooked, a sleeper of a value waiting for its time to shine.
Inflation only gets worse as the years go by, so holding an asset that will appreciate in value as the years go by isn't a bad idea. |
