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MormonMetal
Penny Pincher Member
USA
150 Posts |
 Posted - 03/03/2008 : 01:12:59
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I'm curious to know what everyone, that lives in the US, is doing with their Canadian cents. Are you keeping all of them? Are you keeping only the copper ones? How are you sorting them out? I've found hundreds of them while sorting, and I've kept all of them. I just roll them up and store them away for right now. For me keeping the zinc ones doesn't cut into my hoarding budget very much, so I've yet to return the post-96 ones. For those of you that are only keeping the copper ones, how are you sorting them out? There are at least four different weights and compositions of the copper coins, 42-77, 78-79, 80-81, and 82-96. Are you sorting into different categories, or keeping them all together? I'd also be interested in seeing how our Canadian members are sorting out their copper cents, and also, what are you doing with the American cents that you get in your sorting. Also, how frequently are you finding American cents while sorting. Thanks in advance for reading and responding.
Jason
-MormonMetal
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/03/2008 : 07:15:15
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| I only have three piles for the Canadians. Copper Canadians (1996 and earlier), back to the bank reject Canadians, and really old Canadians (the older style kings of which I think I have only found 4). I don't think there is much point in sorting them further even though there are so many different ones. |
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M83striker
Penny Pincher Member
USA
108 Posts |
Posted - 03/03/2008 : 07:51:40
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| Are the older king ones worth more cause I'm just keeping them with the regular 1996 and earlier pile? I have actually found at least 15-20 of them in the last 2 boxes I've sorted. |
When my wife got after me it sounded like "Blah,Blah,Blah", but now it sounds like "Clink,Clink,Clink". Its amazing what that Ryedale can do for a hounded husband. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 03/03/2008 : 08:40:01
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quote:
Originally posted by M83striker
Are the older king ones worth more cause I'm just keeping them with the regular 1996 and earlier pile? I have actually found at least 15-20 of them in the last 2 boxes I've sorted.
I guess that I should clarify that I am seperating out the King George V's (???? to 1936) and not the more common King George VI's. As for the worth of either, I am clueless, but I am going to look on E-Bay now.
I see that somebody on E-Bay is having luck selling the King V's for $.49 plus $3.99 shipping which means after fees and expenses they are probably clearing at least $2.50 each for them.
Also from E-Bay I see 17 common circulated King VI's that went for $2.75 plus $2.25 shipping. So that would mean a King VI might be worth a quarter.
So I guess that I better start pulling the King V's out of my Canadian coppers... |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 03/03/2008 : 10:08:28
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If the ryedale kicks they into my copper pile I keep them.
Copper is copper. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 03/03/2008 : 11:30:37
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Copper is copper:
True enough, but copper Canadians aren't subject to any melt ban.
Separate 'em! |
Trust the government? Ask an Indian. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 03/03/2008 : 11:43:37
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I just dump them all into my US bucket,which is getting too heavy to move and I'm afraid the bottom might give out.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 03/03/2008 : 13:45:52
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| I collect Canadian coins just like I do American coins... best specimen for each year/mintmark/variety. It's neat to see how extensive of a Canadian coin collection one can assemble from this side of the border. I keep all leftovers too. The exchange rate is strong right now, and maybe my grandchildren will appreciate that I saved them. Who knows how much today's common coins will be worth in the 2050s, especially with the Canadian Alloy Recover Program running full steam ahead. |
Sorting Map
2010 First Finds Contest
Are you a Buffalo Hunter?
Wanna take seignorage away from the Fed? Spend *any* coins!
We cannot afford this government.
Cerulean's Standing Offer: $3/lb shipped for foreign coins |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 03/03/2008 : 21:56:34
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When the US-CDN exchange rate was US $1 = CDN $1.35-1.50, I used to buy CDN cents (and all other coin of that realm) for a mere US $0.50 per Loonie or equivalent. A couple of the local coin dealers were my suppliers and they were just glad to get rid of the coins and old $1 and $2 bills they encountered when buying entire collections.
Heavily laden with a gazillion CDN cents, I opted for a creative disposal method. I tossed them into the toll basket on the Tri-State Tollway (around Chicago) by the thousands over a couple of years. Had them all pre-counted in old envelopes, so I just had to upend the envelope into the Automatic Coin Baskets and watch the gate go up. I kept out all of the early Kings and everything else was fair game for the tollway. Well, the Tri-State has changed the way they collect tolls and, besides, the US-CDN exchange rate certainly has changed.
I'm about an 8 hour drive to the CDN border from here in Wisconsin. I usually make the trip there 1-2 times per year for one reason or another. The weather here turned horrible too soon in 2007 and I didn't make my late Fall trip last year. I still have hundreds of CDN $ face in non-Cu cents and non-Ni nickels (plus an array of quarters and dimes) that I'll be taking back there sometime this Spring (if it ever comes). For all of that including a couple hundred ragged CDN $1 bills, I paid under $0.68 US for each CDN $. Seems like the longer I wait, the more my investment appreciates. The Royal Bank in Sault Ste Marie (Ontario) has been especially accommodating over the years and will take anything I bring them even though I don't have an account.
I divert the CDN Cu findings into my holdings and will save the steel clunkers until I make the trip back to their homeland. After this coming trip, though, I'll probably adopt the "catch and release" philosophy for the non-keepers.
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Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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Canadian Cents
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