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MaDeuce
Penny Pincher Member
USA
124 Posts |
 Posted - 07/01/2007 : 21:06:16
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Is anyone sorting Canadian pennies for the 99% copper issues? If so, I'm curious as to the yield that you are seeing. If that's something you can share, I'd appreciate it.
I hate to ask without giving, so I will share current percentages on Canadian nickels. Like canadian_nickel, I am typically seeing 22.5% to 23.5% yield. The biggest exception is coins that have been rolled by Bell Canada, which are around 15%. I have no idea as to why BC is so much lower. The only thing I've come up with so far is that they have a single processing facility for all of Canada; the non-BC coins are from southeastern Canada.
Blessings to all and happy sorting!
MaDeuce
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 07/02/2007 : 06:16:27
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This probably doesn't help you much, but in the US I am seeing about 10 to 1, copper to zinc/steel when it comes to Canadian pennies. Of course, I have only found about 300 Canadian pennies in my sorting. 1997 and up being crap means that you have 50 years or so of Canadian copper in circulation and only 10 years of crap.
Only disadvantage over US is that I believe the Canadian coppers are generally lighter than the US coppers. |
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n/a
deleted
5 Posts |
Posted - 07/14/2007 : 02:20:27
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| I just sorted 10 rolls of pennies today (the first pennies that I have sorted) and ended up with 1.55 in old copper. The nickels I sort are almost exactly 20% of a sample of $2000. Hope that helps. |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 07/14/2007 : 12:33:55
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| I've been thinking of getting some pennies to sort for numismatic value, but for metal value it seems more exciting to sort the nickels. With the Bell Canada thing I wonder if payphones these days reject more old nickels than new for some reason? The regional averaging thing seems reasonable too. Has Bell got payphones in all of Canada though? I've been in some places (eg N Ontario) where all the phones have a different company name (Northern something). |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 08/02/2007 : 07:08:22
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I find it odd that I find so little Canadian change in my change. Chicago is not that far from the Canadian border but I seldom ever see their money. I've put aside any Canadian change for the past 50 to 60 years and have barely 50 of the pennies. Less Nickels, even less Nickels and Dimes. One Quarter.
Carl |
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Tourney64
1000+ Penny Miser Member
USA
1035 Posts |
Posted - 08/02/2007 : 10:20:21
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| I was in Central Michigan for 3 years, and left there with $32.60 in Canadian coins. This was only thru normal purchases. I paid cash for almost everything and received coins in change. I would occasionally return any Canadian coins if I received them. It was like fighting a losing battle, and my wife would get mad at me when I would return a Canadian coin for US change. If you want to make some money, get several rolls of Canadian quarters and then spend them in the US as US currency. Make 5% based on current exchange rates. Seldom will you get someone returning the coin to you. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/02/2007 : 10:55:12
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I'm still buying nickels, though not at the rate I was before. I just stashed away a protein power container of $180.00 worth yesterday. Instead of buying a $100 box of nickels at a time I'm buying $10 to $40 worth from the extra cash left over in my wallet at the end of the week.
Most of my money is going into cash stash savings, stocking SHTF supplies, some occasional silver, and pennies.
****************
Fanaticism is doubling one's efforts, yet forgetting one's purpose.
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n/a
deleted
21 Posts |
Posted - 08/02/2007 : 13:42:30
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Do you guys mix the pre-82 copper pennies with the canadien pre-97 ones
Or do you leave them separate?
And if so, why? |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 08/02/2007 : 14:16:28
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| Mine are sorted. If in the future you end up selling to a recycler be weight it probably won't matter if they are mixed, but if in the future they get traded around by hoarders I would guess people will expect them to be sorted. The Canadians pennies have had way more changes in compostions and weights over the years and although similar they are not really the same as a pre 82 US penny. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/02/2007 : 20:28:10
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Here in S.E. Michigan, we have a boat load of Canadian mixed in with our US and vise-versa. I do not sort them out....just leave them mixed.....I'd estimate about 3% Canadian mixed in with US around here. What is interesting is that of the 3% Canadian contamination....it is probably 99+% Copper....I almost never get a CAN zinc or steel....which is shocking to me.
I've searched a lot of Canadian pennies....and a good rule based on mixed weights for the coppers....is about $1.65/lb as compared to $1.47 for US....so, it is more expensive to hoard Canadian copper, but is is more pure, nearly 99% vs 95% US....so you do get a bit more copper.
I love them both!!!
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Hirbonzig
Penny Collector Member
USA
451 Posts |
Posted - 08/02/2007 : 20:49:58
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| For about the last month I've seen about 40% canadian copper pulled from rolls in south east wisconsin. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/03/2007 : 11:35:54
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quote:
Originally posted by Ardent Listener
Instead of buying a $100 box of nickels at a time I'm buying $10 to $40 worth from the extra cash left over in my wallet at the end of the week.
You have extra cash left over in your wallet at the end of the week?!!! How do you do that? Please divulge your secret.. Perspiring minds want to know.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/03/2007 : 11:37:30
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I seperate my Canadian out. I have started a collection of Canadian cents by date from the ones I have pulled out of circulation.
"Preserving coinage.. 2 tons at a time"
HoardCode0.1:M48/14USCA:US1Cu639700:US5Ni2400:CA5Ni46 |
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centsless
Penny Pincher Member
119 Posts |
Posted - 08/03/2007 : 18:30:09
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| i was shocked a couple weeks ago to get an entire roll of old canadian pennies, latest date was 1973. like s.e michigan i dont see more than 2-3 percent canadian in circulation here in southern maine. the turnpike used to not take candian money at all unless it was discounted. Now that just apples for canadian bills. But that doesnt stop the turnpike of the most-heavily taxed state in the union from handing it out occasionally in change. probably seeing a profit in that policy too. |
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n/a
deleted
11 Posts |
Posted - 08/07/2007 : 05:29:33
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| I have been finding on average 1 or 2 canadian cents per roll here in NY. |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
Posted - 08/08/2007 : 11:25:48
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Just to point out,
The Canadian penny is 98% copper not 99%
Canada penny specs:
1920 to 1941
95.5% copper, 3% tin, 1.5% zinc
3.24 gm
1942 to 1977
98% copper, 0.5% tin, 1.5% zinc
3.24 gm
1978 to 1979
98% copper, 1.75% tin, 0.25% zinc
3.24 gm
1980 to 1981
98% copper, 1.75% tin, 0.25% zinc
2.8 gm
1982 to 1996
98% copper, 1.75% tin, 0.25% zinc
2.5 gm
1997 to 1999
98.4% zinc, 1.6% copper plating
2.25 gm
2000 to date
94% steel, 1.5% nickel, 4.5% copper plating
or
98.4% zinc, 1.6% copper plating
From:
You must be logged in to see this link.
Stupid Canadian mint has changed their website to all Flash
I hate that.
Choose: ThePassion>>Our Coins>>Circulation Currency>>Technical Specifications
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 08/30/2007 : 21:21:55
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I went through $2,500 of Canadian pennies about three weeks ago. 53% of the coins were copper (or as NiBullionCu correctly points out, were 98% copper).
I agree 1000% that the RCM web site sucks the big one. It is absolutely one of the worst sites I've ever seen. I can't tell you how long it took me to finally find the "link" you mention. |
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c140cessna
Penny Collector Member
USA
419 Posts |
Posted - 08/30/2007 : 22:18:25
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quote:
Originally posted by MaDeuce
I went through $2,500 of Canadian pennies about three weeks ago. 53% of the coins were copper (or as NiBullionCu correctly points out, were 98% copper).
Sorted $800 FV in Pennies last week (S.W. Ontario)...40% Cu. This was all customer wrapped rolls. Seems to be falling quite a bit....over the past 6 months, it seems to have dropped from 50% to 40%.
M41/1USMI:US1Cu240000,CA1Cu328000,CA5Ni35000 |
Edited by - c140cessna on 08/30/2007 23:01:15 |
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MaDeuce
Penny Pincher Member
USA
124 Posts |
Posted - 08/31/2007 : 13:22:23
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| FYI, pennies are now included in the RCM's ARP. That's why you are seeing a falloff in yield. |
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snappy
Penny Collector Member
USA
301 Posts |
Posted - 08/31/2007 : 23:20:28
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I get on average about 80 CA out of 5000 pennies ($50) here in montana. normally about 85-90% are copper and 1 or 2 kings per bag.
I get on average about 20 CA out of 2000 ($0.05)($100) with about 1/3rd pre 82 Kings are very rare but I did pull 3 out of one roll this year.
I get on average about 15 CA out of 5000 Dimes ($500) with about 1/10 silver Kings are very rare but I have pulled 2 out of one roll this year.
I get on average about 4 CA out of 2000 quarters ($500). I have not had much luck pulling silver CA or USA out of these. over the years I have only gotten 2 kings total
I have never pulled a CA half.
I have never pulled a CA doller.
I can get these from banks I see in change tray most of the time but don't see silver so don't get them. most of the time the tellers have a slot full of $1 and $2 canadan coins. they sell them at a discount 1.08 ca = 1 us (sell)and 1.18 ca = 1 us (buy) last week |
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percentages for Canadian pennies? (+nickels)
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