Im noticing a trend in my finds...

treasurefiend

Gold Member
Mar 17, 2008
7,445
93
Chicago IL
🏆 Honorable Mentions:
1
Detector(s) used
Minelab_Excal_II Minelab_Explorer_SE_Pro w/ SunRay pinpointer & Garrett_Ace250
Primary Interest:
All Treasure Hunting
Upvote 0

fistfulladirt

Gold Member
Feb 21, 2008
12,200
4,902
Great Lakes State
🏆 Honorable Mentions:
1
Detector(s) used
dirtfishing
Primary Interest:
Other
Re: I'm noticing a trend in my finds...

Well, my wife tells me that CRHing is weird and is not normal. AMC
 

BBcardsRI

Bronze Member
May 29, 2008
1,256
2
Rhode Island
Re: I'm noticing a trend in my finds...

Yes that is common. Canadian cents are quite common in US change... though they are more common in certain areas than others. I'm in the northeast and I get a ton of them in my boxes.

~Dave
 

jim4silver

Silver Member
Apr 15, 2008
3,662
495
Re: I'm noticing a trend in my finds...

The trend in my finds is that they lack silver. Skunks are now the rule and good boxes are the exception. I will still continue like an addicted gambler though.

Jim
 

MrBling

Sr. Member
Aug 12, 2008
356
1
North Florida
Detector(s) used
White's Surfmaster PI/Garrett Ace 250
Re: I'm noticing a trend in my finds...

In Florida it's common to get Canadian pennies in your change at businesses
They are passed off by cheap Canadians who come to our state to escape the frigid weather and socialized medicine of their homeland
 

XX

Sr. Member
Jan 11, 2008
411
0
Re: I'm noticing a trend in my finds...

No one wants to take a loss.

Until 1996, they were 98% copper. Then Copper plated Zinc until 1999. Thus meaning that very few coin counters are even capable of discerning these from US pennies.

Once a canadian penny is introduced into US circulation, it will continue until either it's thrown away, or someone returns it to Canada.
 

jim4silver

Silver Member
Apr 15, 2008
3,662
495
Re: I'm noticing a trend in my finds...

XX said:
No one wants to take a loss.

Until 1996, they were 98% copper. Then Copper plated Zinc until 1999. Thus meaning that very few coin counters are even capable of discerning these from US pennies.

Once a canadian penny is introduced into US circulation, it will continue until either it's thrown away, or someone returns it to Canada.


Not long ago the Candian dollar was worth more than ours. I suspect that trend may continue. Some banks will exchange foreign currency for you I believe.

Jim
 

BBcardsRI

Bronze Member
May 29, 2008
1,256
2
Rhode Island
Re: I'm noticing a trend in my finds...

Yes they will Jim, but I have yet to find a bank that will exchange CHANGE. They only deal in fiat around here.

~Dave
 

jim4silver

Silver Member
Apr 15, 2008
3,662
495
Re: I'm noticing a trend in my finds...

BBcardsRI said:
Yes they will Jim, but I have yet to find a bank that will exchange CHANGE. They only deal in fiat around here.

~Dave


That's too bad. I don't collect pennies so I never have to deal with this issue myself.

Jim
 

XX

Sr. Member
Jan 11, 2008
411
0
Re: I'm noticing a trend in my finds...

BBcardsRI said:
Yes they will Jim, but I have yet to find a bank that will exchange CHANGE. They only deal in fiat around here.

~Dave

On top of that, they charge a fee coming AND going. You would need quite the premium for the canadian dollar before it becomes profitable to honestly exchange canadian for american (and vice versa).
 

markmopar

Hero Member
Feb 15, 2008
962
88
southern NJ/southeast VA
Primary Interest:
All Treasure Hunting
Re: I'm noticing a trend in my finds...

I was thinking of selling all my Canadian change to someone north of the border at a discount, say $75 for $100 Canadian.
 

Sheldius

Hero Member
Mar 15, 2007
751
6
Bronx, NY
Detector(s) used
Garrett Master Hunter CX Plus, Minelab E-trac, Bounty Hunter Pioneer 505
Primary Interest:
All Treasure Hunting
Re: I'm noticing a trend in my finds...

Is it illegal to melt Canadian pennies like it is to melt US ones (up there, of course -- once they are here we can do whatever we want). Considering how much $25 to $50 of US coppers go for on ebay, these should be more. They can actually be used for scrap. Nickels would be the same way for those before they changed to nonnickel nickels.
 

BBcardsRI

Bronze Member
May 29, 2008
1,256
2
Rhode Island
Re: I'm noticing a trend in my finds...

Good question... it was asked months ago when copper was high but we never got a definitive answer.

Any canadians on here handy with coin laws? =)

~Dave
 

GMan00001

Silver Member
Dec 19, 2006
2,536
224
Twin Cities, MN
Detector(s) used
Garrett Ace 250
Primary Interest:
All Treasure Hunting
Re: I'm noticing a trend in my finds...

BBcardsRI said:
Good question... it was asked months ago when copper was high but we never got a definitive answer.

Any canadians on here handy with coin laws? =)

~Dave

I believe it would be legal to melt Canadian coins in the US as doesn't break any US laws and those are the only ones that would apply.
Similarly, I believe it is legal to melt US coins in Canada as it doesn't break any Canadian laws.

Now is it legal to melt Canadian coins in Canada....no idea.
 

BBcardsRI

Bronze Member
May 29, 2008
1,256
2
Rhode Island
Re: I'm noticing a trend in my finds...

I think that was his initial question Gman.

And I would LOVE an answer to it. I'm quite curious if they took after us, or if we took after them, or if it is still legal there to mely coinage.

~Dave
 

Sheldius

Hero Member
Mar 15, 2007
751
6
Bronx, NY
Detector(s) used
Garrett Master Hunter CX Plus, Minelab E-trac, Bounty Hunter Pioneer 505
Primary Interest:
All Treasure Hunting
Re: I'm noticing a trend in my finds...

GMan00001 said:
BBcardsRI said:
Good question... it was asked months ago when copper was high but we never got a definitive answer.

Any canadians on here handy with coin laws? =)

~Dave

I believe it would be legal to melt Canadian coins in the US as doesn't break any US laws and those are the only ones that would apply.
Similarly, I believe it is legal to melt US coins in Canada as it doesn't break any Canadian laws.

Now is it legal to melt Canadian coins in Canada....no idea.

But I think it is also illegal to move large quantities of US pennies/nickels out of the US (put in place at same time as melt ban). To bad no one knows about the melting in Canada.

If I got alot of Canadian coins here, I guess I'd try to scrap/ebay them.

HH.
 

BBcardsRI

Bronze Member
May 29, 2008
1,256
2
Rhode Island
Re: I'm noticing a trend in my finds...

Yea... its like $100 in coinage or something that is the maximum to transport over the border.

I ran across it somewhere but don't remember where.

~Dave
 

Top Member Reactions

Users who are viewing this thread

Top