canadian nickel coins

[knibloe]

With the Canadian Government recovering the older nickel coins, will the remaining ordinary quarters, dimes and nickels every have numismatic value?

ie are they worth saving?

[mtalbot_ca]

Hello there,

I will venture an answer: NO

These coins, even if pulled from circulation, were made by the millions, so there will always be enough to satisfy the relativeley small number of coin collectors, You will not see numismatic value from circulated coinage in your lifetime.

What you will see is bullion value or value for other purposes. For example, decorative (penny floors etc..) from the 1 cent piece and bullion value from the nickel. The bullion value of the dimes and quarter is unlikely.

Only the very low mintage years might see an increase in price.

Hope this helps.

[knibloe]

Thanks for the reply. I already keep the nickels and pennies. Won't bother with the dimes or quarters.

[mtalbot_ca]

Oh yeah...

DO keep the 1969 dimes and 1973 quarters. Those have a variety that is quite expensive. 12,000$ for the large date 1969 dimes and 120$ for the 1973 quarter large bust.

Cheers,

[knibloe]

Oh yeah...

DO keep the 1969 dimes and 1973 quarters. Those have a variety that is quite expensive. 12,000$ for the large date 1969 dimes and 120$ for the 1973 quarter large bust.

Cheers,

Good to know

[TheJonasCollegeFund]

Oh yeah...

DO keep the 1969 dimes and 1973 quarters. Those have a variety that is quite expensive. 12,000$ for the large date 1969 dimes and 120$ for the 1973 quarter large bust.

Cheers,

I knew about that quarter but DANG....did not know that about that dime!

THANKS

[johnbrickner]

I keep all the CA copper and nickel I find and pull out of circulation. Didn't know about either the dime or quarter.

[Recyclersteve]

I have no way of knowing with certainty, but let me put it this way. U.S. dimes and quarters have been devoid of silver since 1965. I've never heard of anyone melting the clad ones down. And it has been 51 years.

[ZenOps]

I doubt it. Coins from 1968 to 1999 were minted in the tens to hundreds of millions per coin type, which for Canada is a lot.

But if you look at it from the world perspective: There are 3 Billion more people on earth now, since I was born (at right around the time they pulled silver from circulation) But it does not seem to have affected the ability of the world to produce more (IE: The spot price of a ton of wheat at $170 has been stagnant for decades) There is no question there is not enough nickel coinage for everyone in the world, only first world nations can afford to use it for their higher denomination coins like loonie, toonie, one and two Euro coins. The exception of course, is the US that still has a 25% cupronickel five cent piece, and the Swiss Franc.

There is that quote that if everyone in the US wanted two ounces of silver coinage, the worlds supply would dry up. Well, you could arguably say that with 3 Billion more people on the planet since the great melt, if everyone wanted two ounces of nickel - it would probably not be an easy task either.

Personally I think the US got spoiled by proximity to Sudbury nickel mine, and Russians to a certain extent also got spoiled by proximity to Norilsk. The vast majority of the rest of the world uses paper or relies on a now digital tally system.

[TwoPenniesEarned]

Does the government recover the CuNi as well? I've got about $1000 in CDN CuNi stacked...and am wondering whether to keep on stacking it alongside the 99% Ni.

[JadeDragon]

Yes the RCM contractors short out CuNi nickels, dimes and quarters as well as US coins. I regularly see wrapped rolls devode of anything but plated steel. I don't believe the Alloy Recovery Program will make these coins scarce though. There are enough collector mint sets to fully satisfy any forseeable collector demand.

[SilverDragon72]

I went to my LCS today for the first time in a while, and I was happy to find more than 10 FV in Canadian .999 Ni nickels, plus some canadian copper pennies too!

I will keep adding to my Ni pile whenever I get the chance. I was surprised to actually find that many nickels today!

[SilverDragon72]

I doubt it. Coins from 1968 to 1999 were minted in the tens to hundreds of millions per coin type, which for Canada is a lot.

But if you look at it from the world perspective: There are 3 Billion more people on earth now, since I was born (at right around the time they pulled silver from circulation) But it does not seem to have affected the ability of the world to produce more (IE: The spot price of a ton of wheat at $170 has been stagnant for decades) There is no question there is not enough nickel coinage for everyone in the world, only first world nations can afford to use it for their higher denomination coins like loonie, toonie, one and two Euro coins. The exception of course, is the US that still has a 25% cupronickel five cent piece, and the Swiss Franc.

There is that quote that if everyone in the US wanted two ounces of silver coinage, the worlds supply would dry up. Well, you could arguably say that with 3 Billion more people on the planet since the great melt, if everyone wanted two ounces of nickel - it would probably not be an easy task either.

Personally I think the US got spoiled by proximity to Sudbury nickel mine, and Russians to a certain extent also got spoiled by proximity to Norilsk. The vast majority of the rest of the world uses paper or relies on a now digital tally system.

Well, I'm glad that I have more than MY 2 ounces of Nickel and Silver coinage!

[Recyclersteve]

I went to my LCS today for the first time in a while, and I was happy to find more than 10 FV in Canadian .999 Ni nickels, plus some canadian copper pennies too!

I will keep adding to my Ni pile whenever I get the chance. I was surprised to actually find that many nickels today!

What did they charge for the .999 nickels?

[SilverDragon72]

I went to my LCS today for the first time in a while, and I was happy to find more than 10 FV in Canadian .999 Ni nickels, plus some canadian copper pennies too!

I will keep adding to my Ni pile whenever I get the chance. I was surprised to actually find that many nickels today!

What did they charge for the .999 nickels?

Just face value! I think they buy foreign stuff at 1/2 face value.....

[Recyclersteve]

I went to my LCS today for the first time in a while, and I was happy to find more than 10 FV in Canadian .999 Ni nickels, plus some canadian copper pennies too!

I will keep adding to my Ni pile whenever I get the chance. I was surprised to actually find that many nickels today!

What did they charge for the .999 nickels?

Just face value! I think they buy foreign stuff at 1/2 face value.....

Sounds like a win-win proposition!

[SilverDragon72]

I managed to find another 30 FV the other day! I must've have hit the Ni jackpot or something like that.....

Hopefully, one day these will be worth something