Canadian Large Dollar and 1/2 Dollar Coins

JimVT36

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Jan 19, 2014
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I'm reaching out to Canadian Coin Hunters / Collectors.

I have come across a bunch of Canadian Dollar Coins (Not Looonie but Large Dollar Coins) and a number of Canadian 50 cent pieces. The last trip to my favorite Canadian bank, I was told that they would not take them for deposit ?? Can anyone comment if they can be spent in Canada or are they strictly for collections.. Thanks everyone for your comments in advance.

Jim
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HYPoint Canadian Coin Exchange
 

Mackaydon

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Jim,
While the PEI and Winnipeg (KM#s 82 and 88) are composed of nickel, I'm sure you are aware that many others are composed of between 50% and 80% silver; and you wouldn't be cashing them on for parity. And while US coins are always good, I am unaware of any Canadian law refusing to take the coins you referenced.
Don........
 

SeabeeRon

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Does Canada have that "Pre Decimal" system as Aus/NZ??
 

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JimVT36

JimVT36

Full Member
Jan 19, 2014
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Vermont
Primary Interest:
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Jim,
While the PEI and Winnipeg (KM#s 82 and 88) are composed of nickel, I'm sure you are aware that many others are composed of between 50% and 80% silver; and you wouldn't be cashing them on for parity. And while US coins are always good, I am unaware of any Canadian law refusing to take the coins you referenced.
Don........

Don,

According to the Coinflation site, The Canadian coins stopped using silver in 1967 for both the dollar and half. I was surprised that the bank didn't want them hence my post and question. I'm guessing I can spend them on the next trip north or at lease for tips at the local Montreal watering holes :-)

Thanks again for the advise and reviews..

Jim
[email protected]
HYPoint Canadian Coin Exchange
 

Mackaydon

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Oct 26, 2004
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Notwithstanding Canada's decision to discontinue minting general circulation coins containing silver does not mean the coin has been demonetized. From what you have said, it's hard for me to believe that a KNOWLEDGEABLE person at that bank would refuse to accept same-country modern currency.
Don.......
 

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