The tragic future of Canadian CRH.....

[LeoTrench-MAINE]

The news is a little dated -but it says alot.

The best bet up there now is CWR -Like Yuri ponted out.


http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=4605292

Click on the CBC New link.


Could we be next -I doubt it.

Would like to see some feedback and your thoughts on this.

Trench

 

[K]

It could be a possibility but I don't think in the next 5 -7 years or so. If they did, they would have to make a helluva lot of pennies because people would be hoarding way more then there are now. I'm not very well with this type of stuff though

oh yeah and B^U^M^P this post was pretty far down.

 

[Piledriver]

"Could we be next -I doubt it."

If you lived where I do, and ordered coin from US bank, or Wells Fargo, you wouldn't be asking that question.
The banks are yanking it out of circulation. (At least in the halves).

 

[SFBayArea]

THis has been brought up before.

It could happen here.. but I don't think they would go through and take out the silver. There isn't enough silver out in circulation to fund much of it. It's been generally known that the vast majority of it has been pulled out of circulation already. I can see them doing it for copper but they'd probably make it legal to melt copper cents by that point.

 

[Piledriver]

I believe that the silver culling comes about as a result of the coin services re-running the coin through coin-counting machines.

If Coinstar can cull silver, then the larger industrial sorters can do it too.
That's probably how the Canadian Government culls their silver.

 

[azlegends]

I believe that the silver culling comes about as a result of the coin services re-running the coin through coin-counting machines.

If Coinstar can cull silver, then the larger industrial sorters can do it too.
That's probably how the Canadian Government culls their silver.

Maybe its just the machines in my area, but the coinstars down here wont take silver, it just spits it into the reject tray.

 

[Generic_Lad]

It won't happen in the US for a while for a two reasons.

1) There isn't enough silver in circulation to justify doing this.

2) There aren't any base metal alloy changes in the "silver" denominations since 1965, while Canada switched from 100% nickel to nickel plated steel either in the late 90s or early 2000s, meaning that there are a lot more coins in circulation and few people hoarded the 100% nickel coins, today everyone holds on to their silver dollars and other silver coins if they know it is silver meaning there were a lot in circulation.

The only time I can see the US doing this (and by US, I mean the United States government, it already makes sense for Brinks/Loomis/String and Son to cull silver from their rolling machines) is if they debase our currency further, by issuing aluminum or steel coinage.

 

[thurmownator]

The news is a little dated -

Trench

A little dated ?? It's from almost five and one half years ago (Apr '06).

Surely there's some current info that can be shared with this forum, about the goings on with our friends to the North.

I'm just saying.

 

[SFBayArea]

I believe that the silver culling comes about as a result of the coin services re-running the coin through coin-counting machines.

If Coinstar can cull silver, then the larger industrial sorters can do it too.
That's probably how the Canadian Government culls their silver.

Maybe its just the machines in my area, but the coinstars down here wont take silver, it just spits it into the reject tray.

From the posts here before, Arizona isn't great for CRHing. Most likely Arizona's population mostly grew after 1964 so more clad coinage exists.

 

[azlegends]

I believe that the silver culling comes about as a result of the coin services re-running the coin through coin-counting machines.

If Coinstar can cull silver, then the larger industrial sorters can do it too.
That's probably how the Canadian Government culls their silver.

Maybe its just the machines in my area, but the coinstars down here wont take silver, it just spits it into the reject tray.

From the posts here before, Arizona isn't great for CRHing. Most likely Arizona's population mostly grew after 1964 so more clad coinage exists.

Makes sense, AZ can be tough for silver halves.