question on Canadian Dollar

jrf30 · Nov 12, 2010

I found a 1982 Canadian Dollar in a half roll today. It looks silver, but if feels WAY too heavy and it doesn't sound right. So I think it is not silver. Maybe nickel clad or something like that.

Does anyone know the composition of the canadian One Dollar for 1982? It says "1867 Confederationo Consitution 1982" on the back, with a picture that looks like the last supper for 40 people (LOL) and the front says "Canada 1982 Dollar". Probably like our 1976 special designs.

Any chance this puppy has some silver in it??

sitman · Nov 12, 2010

Nope, there is no silver in this one. Last circulating silver Canadian dollar was in 1967. All 1968 to 1986 dollars were pure nickel until replaced by the smaller diameter bronze plated nickel "loonies" in 1987. At today's nickel price, your Canadian dollar is worth about $0.35. You should check for a rare variety which has the obverse and reverse in coin alignment instead of the normal medal alignment used for Canadian coins.

The coin must have been a tight fit in the half dollar roll as it is about 2.5 mm greater in diameter than a half dollar.

Great find!

$ilver$urfer · Nov 12, 2010

Too bad it wasn't a silver one - those are nice and nice looking. I like finding foreign coins in my half dollar rolls (well, not as much as silver).

I found two Canadian $2 coins in a half box I opened a few weeks ago. My wife and I go to Niagara Falls and Toronto every few months so those will be spent with the hundreds of Canadian dimes I find in dime rolls!!!

HH,

$ilver$urfer :hello:

jrf30 · Nov 12, 2010

sitman said:
Nope, there is no silver in this one. Last circulating silver Canadian dollar was in 1967. All 1968 to 1986 dollars were pure nickel until replaced by the smaller diameter bronze plated nickel "loonies" in 1987. At today's nickel price, your Canadian dollar is worth about $0.35. You should check for a rare variety which has the obverse and reverse in coin alignment instead of the normal medal alignment used for Canadian coins.

The coin must have been a tight fit in the half dollar roll as it is about 2.5 mm greater in diameter than a half dollar.

Great find!

thanks for the info.

Are they still usable as currency, since the change to loonies? Or are they like some european currencies that are worthless since the euro took over?

sitman · Nov 12, 2010

Canada has not devalued their older coins, so you can spend it as a dollar in Canada.

As an aside, all 50 cent and smaller Canadian coins, because of the rising cost of nickel and copper, are now being made of 92 to 94% multi-ply plated steel. And we thought our "zincolns" were cheap!