Canadian nickels- an interesting statistic

[creshka46]

So I was thinking about the .999 pre'81 nickels and I thought it might be worth knowing how many were ever produced. I only checked on George VI and Elizabeth as I figured that anything earlier than that is more numismatic than bullion. So here it is:

1937-1952 George VI- less than 150 million
1953-1981 Elizabeth II- less than 1.7 billion

In total, that's less than 1.85 billion nickels. Thats only 55 nickels per Canadian or 6 nickels per American!

I wonder if some day soon these may trade more like wheat pennies, disassociated from their metal value.

Anyone have any thoughts?

[creshka46]

Wow, even more shocking. As a follow up to that, the cupronickel mintage from 1982-2000,'06 is only 1.76 billion! Is it common practice for any of you to save your CuNi canadian nickels? I think I may start.......

[ZenOps]

Yup, those numbers look about right.

Every Canadian should have approximately one roll of nickel nickels, one roll of cupronickel, and one roll of iron nickels at this point in time.

After I started hoarding, I started figuring out storage space. And then soon realized it would not be an issue compared to weight.

Solid nickel is 8,800 kilograms per cubic meter afterall Even though there are airgaps in coins, you still can fit a good $50,000 worth of nickels in a cubic meter endtable, haha!

Metal has always been a dense store of value, even copper and nickel. Actually - in many ways I don't know of many people who could actually afford a cubic meter of nickel.

[henrysmedford]

My son Franklin is filling out a Whitman folder for the Canadian nickels see http://www.realcent.org/viewtopic.php?f=30&t=8528 and the ones that he is missing cost more than the metal.

1926 Far 6 $150+
1951 High Relief $500+
1953 No Shoulder strap near leaf $800+
1953 with shoulder strap far leaf $400+

My best thought on what they will cost.

[chris6084]

My son Franklin is filling out a Whitman folder for the Canadian nickels see http://www.realcent.org/viewtopic.php?f=30&t=8528 and the ones that he is missing cost more than the metal.

1926 Far 6 $150+
1951 High Relief $500+
1953 No Shoulder strap near leaf $800+
1953 with shoulder strap far leaf $400+

My best thought on what they will cost.

That is why you need to find them from searching rolls.

[TXBullion]

About 9,250 tons that would be right? A lot has been pulled and scrapped already. 5% are current percentages from what I understand. I would guess there are only a few thousand tons from hoards and still in circulation. Probably less.

[frugalcanuck]

About 9,250 tons that would be right? A lot has been pulled and scrapped already. 5% are current percentages from what I understand. I would guess there are only a few thousand tons from hoards and still in circulation. Probably less.

That whole post makes me sad

[TXBullion]

About 9,250 tons that would be right? A lot has been pulled and scrapped already. 5% are current percentages from what I understand. I would guess there are only a few thousand tons from hoards and still in circulation. Probably less.

That whole post makes me sad

Well get happy, get in toch with me to buy a few tons and help preserve history

[frugalcanuck]

Well I have my own stash. I just want to make it bigger at 5 cents a piece

[Robarons]

Is there any quick comparison between total mintages of Jefferson nickel (bar the war years)?

[Mercuryman]

Is there any quick comparison between total mintages of Jefferson nickel (bar the war years)?

52,365,660,017 This figure includes the war years, you can check individual dates here - http://www.bestcoin.com/jefferson-nickel-mintage.htm

In 1964 1.7 B were made, That's almost the 1.85 B Canadian that took 44 years!

[creshka46]

I like to split Jeffersons into groups

War nickels: 920 million
1939: 165 million
1940-1959 (less war): 2.44 billion
1960- 2008: 48.8 billion
2009: 87 million

Total: 52.4 billion

[mtalbot_ca]

So I was thinking about the .999 pre'81 nickels and I thought it might be worth knowing how many were ever produced. I only checked on George VI and Elizabeth as I figured that anything earlier than that is more numismatic than bullion. So here it is:

1937-1952 George VI- less than 150 million
1953-1981 Elizabeth II- less than 1.7 billion

In total, that's less than 1.85 billion nickels. Thats only 55 nickels per Canadian or 6 nickels per American!

I wonder if some day soon these may trade more like wheat pennies, disassociated from their metal value.

Anyone have any thoughts?

Hi there,

I remember calculating that there were approx 3,85 billions canadian nickels produced between 1982 and now for a total of 5.7 billions nickel in circulation today. If I only find roughly 10% of the 1952-1981 vintage .999 in circulation, it means that of the 1,85 billions .999 nickels initially produced, there remains to be captured about 570 millions, or about 30-31% of the initial amount; so 570 000 000 nickels or 5,700 tons (not metric).

Does this seem right....

Thanks,

[68Camaro]

So I was thinking about the .999 pre'81 nickels and I thought it might be worth knowing how many were ever produced. I only checked on George VI and Elizabeth as I figured that anything earlier than that is more numismatic than bullion. So here it is:

1937-1952 George VI- less than 150 million
1953-1981 Elizabeth II- less than 1.7 billion

In total, that's less than 1.85 billion nickels. Thats only 55 nickels per Canadian or 6 nickels per American!

I wonder if some day soon these may trade more like wheat pennies, disassociated from their metal value.

Anyone have any thoughts?

Hi there,

I remember calculating that there were approx 3,85 billions canadian nickels produced between 1982 and now for a total of 5.7 billions nickel in circulation today. If I only find roughly 10% of the 1952-1981 vintage .999 in circulation, it means that of the 1,85 billions .999 nickels initially produced, there remains to be captured about 570 millions, or about 30-31% of the initial amount; so 570 000 000 nickels or 5,700 tons (not metric).

Does this seem right....

Thanks,

Can't vouch for the numbers, you're on your own for those, but the approach seems like a good approximation.

[frugi]

My son Franklin is filling out a Whitman folder for the Canadian nickels see http://www.realcent.org/viewtopic.php?f=30&t=8528 and the ones that he is missing cost more than the metal.

1926 Far 6 $150+
1951 High Relief $500+
1953 No Shoulder strap near leaf $800+
1953 with shoulder strap far leaf $400+

My best thought on what they will cost.

I probably have some of those you mention, no 26's though.

I had a coin/jewelery buyer in my house a few years back looking at numismatic silver when he noticed
in my binder the 26's pages. Previous to that time, and up until then I knew there was a special thing with
that year but I never really tried to figure it out, but rather I just saved all 26's and figured I would have
someone else, or my smarter self in the future decide. And that brings us to the coin dealer in my house
picked out about five or six 1926 nickels out of about 4 pages (around sixty or so 1926 nickels).
This happened no longer than 3 years ago, he bought thousands of dollars in coins from me, but I think he paid me about $30.00 or $40.00 each on the 1926's he took, I noticed they were in pretty good shape, so he probably got a deal, at the same time I have no regrets because....the big secret is I bought all the nickels from him at face value in bags of Canadians he has been selling me for years. Hot dog! Well anyway the point of my post in 1st place, is I hoard (numismatically) all pre 1955 five cent coins from Canada, (no silver). I didn't show them to the coin dealer because there was so many and they were tucked away. For so long I considered them sort of as non-sellable, and/or future investment. I kept thousands. I still have thousands of BU nickels tucked away. I don't have the time or the patience to search them anytime soon, but you never know with the prices you quoted I may be more apt to dig them out.

[frugi]

also I forgot to mention many, many of the of the "special" nickels I have tucked away are proofs, proof-like, DMPL's, and BU's and more. 85+% of the proofs, and DMPL's are from after 1954, but I have hundreds that are pre 1955.

[TwoPenniesEarned]

I've definitely got more than my share

[woodyh]

i have more than my share, too