Canadian 25¢ .999 Ni

[Morsecode]

Someone enlighten me. Don't know if this topic has been raised before...I sort of looked, but not that hard

Canada quarters dated 1968 thru, what...2000? Those are .999 Ni (not counting the 50% silver leftovers from '68)

How many of these to a pound? Seems I knew the answer, or should know it.

Also, when spot nickel was at it's peak, was anyone hoarding Ni quarters, or would it have been worthwhile to do so?

[HD-Daddy]

I wasn't even aware of .999 ni quarters. Nicks yes till 81 I believe, but quarters? Hopefully someone more knowledgable can enlighten us.

[RedRockGirl]

History of Composition

Years Mass Diameter/Shape Composition[1]
2000–present 4.40 g 23.88 mm 94.0% steel (unspecified alloy), 3.8% copper, 2.2% nickel plating
1968–1999 5.05 g 23.88 mm 99.9% nickel
1967-1968 5.83 g 23.88 mm 50% silver, 50% copper
1953–1967 5.83 g 23.88 mm 80% silver, 20% copper
1920–1952 5.83 g 23.62 mm 80% silver, 20% copper
1910–1919 5.83 g 23.62 mm 92.5% silver, 7.5% copper
1908–1910 5.81 g 23.62 mm 92.5% silver, 7.5% copper

Wikipedia

[HD-Daddy]

RRG i was just getting ready to paste the same thing. Quick action on your behalf. Kudos!

[RedRockGirl]

I know very little, except how to google. I'm a product of my education.

[henrysmedford]

It would take 89.82 to = a pound see http://www.currencydebasement.com/legal-tender&c=CAD for melt. Melt is .08762

As you may know Canada has there ARP that pulls the Ni See --http://www.realcent.org/viewtopic.php?f=7&t=6381&hilit=+alloy

Long and short is The Canadian government demonetizes and sends them to U.S. smelting operations to extract the specific alloys that will be for sale on the world market.

So with the 5 Cents 1922-42, 1946-51, 1955-81 4.54g 99.9% Nickel with a melt at $0.07877 better time spent on saving them. As they are worth more than melt right now.

[Morsecode]

Cool. So $22.50 face per pound.

I guess when nickel was over $23lb for two hours back in April 2007, a quarter hoarder would've been vindicated

Thanks for the replies

[creshka46]

Just an FYI, dimes and halves and the older dollars fall into that category too. After they took the silver out in '68, they made everything out of 999 Nickel, then they devalued the nickel to CuproNickel in '82, they switched to the smaller brass dollar coin in '86(?), they stopped mass production of the half dollar around that same time, and then around '99, they switched to steel for the dime and quarter.

[mtalbot_ca]

they switched to the smaller brass dollar coin in '86(?), they stopped mass production of the half dollar around that same time, and then around '99, they switched to steel for the dime and quarter.

1986 is correct.

[Hawkeye]

http://www.coinflation.com/canada/

I didn't know about the Canadian quarters. That's interesting - still not worth face value, but have a metal value twice that of a US quarter. You learn something new every day...

[wheeler_dealer]

Good post. Great information. Got a binder full of B U Canadian quarters didn't know what value they had. Thanks RedRockGirl for looking up.

[frugalcanuck]

I have been keeping them from change but i don't buy bricks of quarters to search fo NI. That being said my NI quarter collection has gotten big enough for me to think about bring them back to be turned into copper pannies or nickel nickels.

[NHsorter]

I did this real quick, so someone correct me if my math is wrong. Here is what I think about the quarters. CASH THEM IN!

If you want to hoard nickel, the best way is to sort nickels. But even if you don't want to deal with sorting/dumping/etc., you are still better off acquiring nickels. It is my understanding that you can buy .999 nickels in Canada for under $10/pound easily. Probably less. So why not cash in those quarters and buy nickels? The face value equates to over $22/pound. So if you sell the quarters at face and buy nickels at 2X face, you will still more than double your total amount of actual nickel at no cost.

[TwoPenniesEarned]

I did this real quick, so someone correct me if my math is wrong. Here is what I think about the quarters. CASH THEM IN!

Agreed. I would look for any deviations and defects, however, and set them aside. Even if those deviations and defects are not corrently rare, they will end up rare because of the ARP melting. So if there is a quarter that has a numismatic premium of even a couple of cents now, it will likely go up in the future.

Overall, seems like a lot of work compared with just stacking nickel nickels

[fansubs_ca]

I seem to remember watching coinflation around the time Nickel was peaking, the CDN
quarters and dimes were more or less break even between melt and face. (The quarter
never broke the 26¢ mark from what I remember, the top was between 25¢ and 26¢.)

By the next time Nickel gets that high I suspect most of them will be ARP'ed out.

[Engineer]

Are they pulling these out through the ARP?

If they're actively being destroyed, I wouldn't mind adding a couple boxes to the stack for potential numi gains.

[Morsecode]

Yeah, good call. That would be interesting to find out.

Also, I wonder...are they keeping tabs on type and total number of coins being recaptured?

[henrysmedford]

Yeah, good call. That would be interesting to find out.

Also, I wonder...are they keeping tabs on type and total number of coins being recaptured?

From-- http://www.mint.ca/store/dyn/PDFs/RCM%20Q2-2012%20QFR%20FS%20-%20ENGLISH.pdf

The Alloy Recovery Program (ARP) continues to generate reasonable revenue and profit with
the coins recovered through the Mint’s recycling program. During the 13 weeks ended June 30,
2012, the Mint recovered and sold 272.0 metric tonnes of nickel and 57.0 metric tonnes of
cupronickel compared to 162.5 metric tonnes of nickel and 57.0 metric tonnes of cupronickel in
the same period in 2011. Revenues of the program for the quarter were $7.3 million compared to
$6.1 million in the same period in 2011.
For the 26 weeks to June 30, 2012, the Mint sold 335.8 million coins, a decrease of 9.3% from
370.3 million coins sold in the same period in 2011. Revenue increased 24.6% to $55.2 million
from $44.3 million in the same period in 2011. During the year-to-date period, the Mint
recovered and sold 433.0 metric tonnes of nickel and 115.0 metric tonnes of cupronickel
compared to 327.5 metric tonnes of nickel and 114.0 metric tonnes of cupronickel in the same
period in 2011. Year-to date, ARP revenues were $13.7 million compared to $12.2 million in the
same period in 2011.

[Morsecode]

So it's just the 5¢ then?

How many nickels in a metric ton?

What the heck is a metric ton?

[henrysmedford]

So it's just the 5¢ then?

How many nickels in a metric ton?

What the heck is a metric ton?

No they sort them all.

From -- http://www.brinksinc.com/journalArchive/Brinks_Journal_Issue11.pdf

In 2008, discussions and negotiations commenced to provide
Alloy Recovery Program services (ARP) in Toronto. The ARP
separates steel plated coins from alloy coins in quarters, dimes

and nickels, at which point the Mint demonetizes and sends them
to U.S. smelting operations to extract the specific alloys that will
be for sale on the world market.

What the heck is a metric ton? 1 metric tonne = 1,000 kilograms = 1,000,000 grams.
How many nickels in a metric ton?
1955 to 1981
Composition: 99.9% nickel
Weight (g): 4.54
Diameter (mm): 21.21
Thickness (mm): 1.7

4.54/1,000,000=220,264.317 so about 220,264

[Engineer]

What the heck is a metric ton?

A thousand kilos...or 2200 pounds for those of us in the US.

[Engineer]

In 2008, discussions and negotiations commenced to provide
Alloy Recovery Program services (ARP) in Toronto. The ARP
separates steel plated coins from alloy coins in quarters, dimes and nickels, at which point the Mint demonetizes and sends them
to U.S. smelting operations to extract the specific alloys that will
be for sale on the world market.

Thanks Joe...I guess I'll be holding onto my .999 Canadian stuff, and looking to add to the stack.

[Morsecode]

That photo is what I imagined Hoard's rec room looks like