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9 Posts |
 Posted - 05/23/2008 : 07:42:18
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Does anyone hoard canadian pennies? I think there are better CU percentages in their pennies. I am going to Canada this weekend i think I might pick up a few hundred? is it worth it? What kind of percentages are you guys getting? and is ther anything to Look for?
Also, what is the chances of finding a silver dime or quarter up there? I heard they have better percentages than here in the states.
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18 Posts |
Posted - 05/23/2008 : 08:12:35
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Well, according to Wikipedia:
2000present 2.35 g 19.05 mm, round 94% steel, 1.5% nickel, 4.5% copper plated zinc[citation needed]
19971999 2.25 g 19.05 mm, round 98.4% zinc, 1.6% copper plating[citation needed]
19821996 2.5 g 19.1 mm, 12-sided 98% copper, 1.75% tin, 0.25% zinc
19801981 2.8 g 19.0 mm, round 98% copper, 1.75% tin, 0.25% zinc
19781979 3.24 g 19.05 mm, round 98% copper, 1.75% tin, 0.25% zinc
19421977 3.24 g 19.05 mm, round 98% copper, 0.5% tin, 1.5% zinc
19201941 3.24 g 19.05 mm, round 95.5% copper, 3% tin, 1.5% zinc
18761920 5.67 g 25.4 mm, round 95.5% copper, 3% tin, 1.5% zinc
18581859 4.54 g 25.4 mm, round 95% copper, 4% tin, 1% zinc
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Lack of planning on your part does not constitute an emergency on my part. |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 05/23/2008 : 09:03:05
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One thing to consider -
Banks here don't accept Canadian coin. What will you do with the rejects? |
Trust the government? Ask an Indian. |
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PennehChaos.
Penny Collector Member
USA
269 Posts |
Posted - 05/23/2008 : 10:05:47
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| Actually, the counting machine at my credit union (in South Carolina, several hundred miles from Canada) accepts Canadian pennies... it does not accept Canadian quarters, though. |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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9 Posts |
Posted - 05/23/2008 : 11:08:18
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| My plan was to mix them in little by little with my normal coins to dump. I think the canadian pennies will work. Still not sure of the quarters. maybe I can pass them off on unspecting merchants? |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/23/2008 : 14:40:13
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You can send me all your reject Canadian coin - I run a free disposal service.
Seriously though - here is my view of Canadian Coins for an American:
Canadian Silver: I have not roll sorted, but I do search all change I encounter for silver (1968 and before). I have found two silver Quarters in the Wild in maybe 10+ years. Your time and effort are better spent shopping on ebay for silver deals then hunting CDN coin for silver.
I sure would not buy up boxes of Canadian Quarters and Dimes, haul them back to the US to sort, and then try to dump the ones you don't want in the US. When I was in University in the US I had a heck of a time even getting CDN bills exchanged. You will never be able to spend or deposit meaningful amounts of Canadian quarters and dimes in the US.
Canadian Pennies: Ya there are tons of Copper pennies in circulation in Canada. It is a worthwhile project, for a Canadian. But the hassle of dumping the Canadian coins in the US will negate any potential better copper yield to be had. I have read here that some people can't even dump Canadian zinc/steel they find mixed in with US pennies. What are you going to do with boxes and boxes of zinc/steel Cdn pennies?
Canadian Nickels: If it was me, I would buy up a few hundred dollars of Canadian Nickels ($ 100 boxes/$ 2.00 rolls just like in the US). Sort out the .99 Ni coins (1955-1981) and dump the rest. Adding CDN .99 Ni coins to your collection/hoard for face is something you can only do in Canada and not in the US. Check current values on You must be logged in to see this link. but it is generally better then 2X face, while penny's are 2X face, or a little better. But doubling your money on 5 cents makes more sense then doubling it on 1 cent per coin handled.
No reason for an American to keep the CuNi (1982-1999) as the metal value is equal to ALL US Nickels which you can just buy at any US Bank. If you hoard Canadian CuNi and later want to just spend or deposit it in the USA, it's going to be tough. Therefore you have impaired liquidity, for no real benefit. I do save the CuNi nickels myself, but if I want to I can spend them anytime I want anywhere I want, so I have perfect liquidity.
Just my opinion - take it or leave it. |
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 |
Edited by - jadedragon on 05/23/2008 19:10:00 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/23/2008 : 21:24:50
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quote:
Originally posted by legacypac
You can send me all your reject Canadian coin - I run a free disposal service.
Seriously though - here is my view of Canadian Coins for an American:
Canadian Silver: I have not roll sorted, but I do search all change I encounter for silver (1968 and before). I have found two silver Quarters in the Wild in maybe 10+ years. Your time and effort are better spent shopping on ebay for silver deals then hunting CDN coin for silver.
I sure would not buy up boxes of Canadian Quarters and Dimes, haul them back to the US to sort, and then try to dump the ones you don't want in the US. When I was in University in the US I had a heck of a time even getting CDN bills exchanged. You will never be able to spend or deposit meaningful amounts of Canadian quarters and dimes in the US.
Canadian Pennies: Ya there are tons of Copper pennies in circulation in Canada. It is a worthwhile project, for a Canadian. But the hassle of dumping the Canadian coins in the US will negate any potential better copper yield to be had. I have read here that some people can't even dump Canadian zinc/steel they find mixed in with US pennies. What are you going to do with boxes and boxes of zinc/steel Cdn pennies?
Canadian Nickels: If it was me, I would buy up a few hundred dollars of Canadian Nickels ($ 100 boxes/$ 2.00 rolls just like in the US). Sort out the .99 Ni coins (1955-1981) and dump the rest. Adding CDN .99 Ni coins to your collection/hoard for face is something you can only do in Canada and not in the US. Check current values on You must be logged in to see this link. but it is generally better then 2X face, while penny's are 2X face, or a little better. But doubling your money on 5 cents makes more sense then doubling it on 1 cent per coin handled.
No reason for an American to keep the CuNi (1982-1999) as the metal value is equal to ALL US Nickels which you can just buy at any US Bank. If you hoard Canadian CuNi and later want to just spend or deposit it in the USA, it's going to be tough. Therefore you have impaired liquidity, for no real benefit. I do save the CuNi nickels myself, but if I want to I can spend them anytime I want anywhere I want, so I have perfect liquidity.
Just my opinion - take it or leave it.
I would add that a Canadian CuNi is lighter and has a 1/2 cent lower melt value than a U.S. CuNi. Not really worth it.
I think a lot of us didn't mind hanging on to them (along with all the other denominations) for the favorable exchange rate when it looked like the Greenback was going to tank against the Loonie.
Except for the penny, I haven't seen a Canadian anything in the wild for almost a year now. They used to be as common in my parts as the penny.
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canadian pennies
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