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cecropia_moth
Penny Pincher Member
 
 USA
222 Posts |
Posted - 08/30/2009 : 02:52:09
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My brother will be in Toronto September 15-18. He is going to attempt to purchase a box of pennies from a bank. Are Canadian boxes $25.00 (50 rolls) like U.S. boxes? Also, how realistic are his chances of obtaining said box obviously w/o an account? Any recommendations on banks/branches where he can pull this off?
Finally what do you guys find is an average box breakdown w/ respect to George V (I'm assuming 0-1 per box if lucky), George VI, Eliz. II ('53-'79 - 3.24 gm.), 1980-81 (2.80 gm.), 1982-96 (2.50gm.) and finally 1997 to date?
Lots of questions I know...any help would be greatly appreciated.
Also I think he is going to pass on searching for the pre-82 nickels as I understand they are quite picked through.
Cheers,
Jeff
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psi
Penny Collector Member
  

Canada
399 Posts |
Posted - 08/30/2009 : 09:26:34
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Yes, boxes of coins here generally hold 50 rolls, at least up to the quarter. I don't bother to count the coppers I find but by eyeballing the piles from a box I would guess the total coppers are somewhere around 40%. George V's are pretty rare in circulation but 4 or 5 VI's in a box is common. I also separate out 1952-64 Elizabeths (aka young elizabeths, maybe 30 to a box roughly) and 67 centennial doves (say 5 to a box). Two or three wheats and several rolls worth of of zinc and copper american cents would be pretty typical too. Of the remaining 65-96's quite a lot are the sided 82-96's, I don't bother separating those out though.
With the nickels I still find enough to make it fun, getting a whole box from a bank with no account might be pushing it though. Dimes are alright too, I usually find a silver one every $100-200. BU mint rolls come in soft plastic tubes these days, I set those aside.
As far as banks to visit, I don't usually buy from banks where I don't have an account but a good dump bank is the TD Canada Trust a block east of Coxwell subway station (Danforth line) on the north side. They have a free coin counter and I believe the limit if you don't have an account is $1500/day. I think you have to show ID or something so I would ask first. There are a lot of banks in the financial district south of Queen between Yonge and University so it shouldn't be too hard to find one to buy from. If one refuses you as a non-customer I wouldn't assume that another branch of the same bank would do the same. |
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RJB
New Member

22 Posts |
Posted - 08/30/2009 : 09:58:26
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| Go in a bank with a cute 5 year old kid. Say to the teller, "My son/daughter is into coin collecting and would like to get some Canadian coins." |
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jadedragon
Administrator
    

Canada
3788 Posts |
Posted - 08/30/2009 : 20:14:41
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I buy from all Canadian banks randomly when I get time to hunt and it does not seem to matter if I have an account or not. TD Canada Trust branches seem to carry the least coin - getting a full box might be hard. CIBC tellers each stock coin in their drawers - so sometimes it works to buy rolls from 3 or 4 tellers there. RBC branches often have a commercial teller in a cage with lots of coin, but it is often mint fresh.
I would not count out searching for pure nickel - can't do that in the USA very easily.
I have no idea the ratio, but I have bins and bins of copper and have maybe found half a dozen George Vs. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw. Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony Passive Income blog |
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