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Bart
Penny Pincher Member
Canada
120 Posts |
 Posted - 02/15/2010 : 21:34:11
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Here is question for the Canadian penny sorters here.
What do you do with the zinc Lincoln pennys that you find?
I have about 80 pounds of the zinc Lincolns saved. I originally thought that I would cash them in during my next trip into the USA. Find a bank with a coinstar & cash them in. Use the cash to pay for the gas & a large bottle of JD. Now you need a passport to cross the border so this visit may never happen.
Any suggestions are welcome.
Thank you for your replies, Bart
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Nice. Yes. Very nice. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/15/2010 : 21:40:19
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They are getting pretty close to par.. so you don't lose much turning them up north. Are there no US banks with branches in Canada that you can deposit them into? You could get that special drivers license passport to cross the border. I hear it is not too expensive. If you are near one of the big sorters in Canada that do cross over you might try to work out a deal with them. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 02/15/2010 : 22:50:38
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I take mine across the border and deposit at Wells Fargo into my US account.
They take them loose at no charge. |
www.WinnipegGoldBuyer.com
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metalmoney.ca
Penny Pincher Member
Canada
223 Posts |
Posted - 02/15/2010 : 23:08:45
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| I buy coffee with them. They end up in my coin can that I keep in my car. If there is a long line up at Tim Hortons, that just means i get to count more pennies to give them. $1.58 for my large coffee usually contains 33 pennies. If I pump gas and it comes to 20.04, I don't curse, I zinc. |
metal is a claim on future human labour. let's all go get some while the getting is good, eh? |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/16/2010 : 02:39:53
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| Roll and deposit into the US account across the border. Same with US nicks dimes qtrs etc. Before I got an acct I used to just walk into random American banks and exchange for 1/2s, then use the halves for small purchases. |
“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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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 02/16/2010 : 10:43:55
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You could always do what I have done with Zinc Cdn's. Save a couple paper rolls for the purpose of filling a roll with a mixed bag of pennies. My thoughts are if you find it in circulation, it's not your responsibility to remove it.
But they may be worth more than a cdn at the moment. So perhaps a passport wouldn't be a bad idea. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 02/17/2010 : 08:55:36
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| It seems like you have to live pretty close to the border or have another reason to make the trip for this to make sense, at least given current exchange rates which are trending towards par. Alternatively, getting FRN's at par could just be a matter of waiting a few months and buying locally, no heavy lifting or border crossing required. |
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thedrifter
Penny Sorter Member
USA
96 Posts |
 Posted - 02/17/2010 : 10:16:18
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| Or how bout this question? What do American sorters do with their Canadian Pennies? I don't have very many yet, but I save them, even the newer ones. My plan is to exchange the newer Canadian pennies if and when the exchange rate turns in the favor of the Candians; but I have no idea how to exchange them. I live in Colorado so crossing the border is not an option. |
The Drifter |
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kirkland
New Member
USA
0 Posts |
Posted - 02/17/2010 : 10:19:09
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Since Canadian pennies are not found as much down here in Texas, I put them in special containers for my foreign coins part of my coin collection. I seem to find a lot from 1975, 1986, 1992, and 2005. Are these all the more common dates for Canada?
Edit for grammar. |
Edited by - kirkland on 02/17/2010 10:19:44 |
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Junk Woody
Penny Collector Member
Canada
262 Posts |
Posted - 02/17/2010 : 10:28:01
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| They go to my dump bank just like the Canadian zincs |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 02/17/2010 : 10:33:37
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If you don't live close to the border you might save them until you go on vacation or until some friend goes south. The US nickels etc we find can add up. My last several boxes were awash with US pennies.
Also even if the dollars par there is still the benefit of the exchange rate you pay the bank to get US$.
For Canadian coin in the US, I will provide fair exchange to forum members who ship it to my WA State address. You need to factor in the shipping costs and something for my trouble (postage back to you etc) but it is a way to unload the Cdn coins if you really don't want to feed them back into circulation. |
“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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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 02/17/2010 : 11:29:11
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quote:
Originally posted by thedrifter
Or how bout this question? What do American sorters do with their Canadian Pennies?
S.E. MI has a copious amount of Canadian coinage floating around. I keep the Cu, and dump the Zn in TCF's coin counters.
The Fe I'm basically stuck with, unless I start rolling and sneaking them in 1 at a time in the rolls. Then I have to dodge the tellers with magnets... But luckily, for some reason these aren't as plentiful.
Unlike the nickels...
A run across the border for me is an $8 round trip across the bridge or tunnel.
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Edited by - Bluegill on 02/17/2010 11:30:51 |
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metalmoney.ca
Penny Pincher Member
Canada
223 Posts |
Posted - 02/17/2010 : 18:00:59
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I think we're missing an obvious advantage that us Canadians have.
When I visited New York city, my girlfriend was paying for a small item, and presented a canadian penny.
"Oh we don't accept these."
Give a canadian an american penny, we don't care... it's just a penny.
I understand the exchange rate argument, but for most people in Canada it is a very inconvenient option. I would suggest spending your energy sorting pennies, not worrying about ~5% (if you are lucky) on the exchange. We get copper slugs with the stamp of one of the best mints on earth, that are worth more than 2 cents for 1 cent. Call it 1.02 cents and I'm still happy.
JMHO
If I were American and I got canadian zincs, I would tuck them in my "Get out of Dodge" bag. Since I would be heading for canada anyway... If you have too many, you can use them as weapons against the g-men chasing you for your property tax since that's the last tax they'll try and squeeze you for before the country is handed over as a chinese protectorate. |
metal is a claim on future human labour. let's all go get some while the getting is good, eh? |
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Cdns What To Do With Your US Zinc Pennys??
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