meyer Posted August 16, 2011 Report Share Posted August 16, 2011 I have about 100 Canadian Dollar coins form 1970 to 1982. Varied dates, all circulated. I tried to sell them. Coin Shop will not buy. 5 different banks in downtown Toronto would not take them. What gives? I accumulated all of these during the time they were issued. Are my Canadian Dollars worthless? Thanks. Quote Link to comment Share on other sites More sharing options...
KoRnholio Posted August 16, 2011 Report Share Posted August 16, 2011 If they are the regular circulation strike nickel dollars, they're just worth face value. I believe that banks don't like them because it costs them money to ship them off to be melted. Essentially they are obsolete, though still legal tender. I have probably 40-50 of these myself. I think once I've established a good enough relationship with my bank, I'll haul them all in one day. Quote Link to comment Share on other sites More sharing options...
ccg Posted August 17, 2011 Report Share Posted August 17, 2011 Is there a Royal Canadian Mint shop in Toronto? If so, they should be able to swap them for you. Quote Link to comment Share on other sites More sharing options...
More Posted September 17, 2011 Report Share Posted September 17, 2011 If it is leagal Canadian currency, they cannot refuse to change it to paper money. BUT If it isn't rolled they can refuse it, there are guidelines of how much coinage you are allowed to change/cash in/deposit without it being rolled. Secondly, if you have a bank account ( and in these times how can you function without at least 1 ) You can simply go to a teller at your bank & make a deposit. if you don't want to roll them, make a $15.00 deposit (for an example) You can't roll 15.00 of dollar coins. A roll is 25 dollars. They would have to accept it . In my ongoing learning curve on Canadian money, Any paper or coin minted by Canada is still legal tender. No matter how old, or new it is. So your nickle dollars would qualify. If we get rid of the penny from our coinage as Government is threatening to do, there will be a time period to turn your pennies into the banks to redeme it for legal tender & it will be the first money that Canada has ever issued, to lose its government guaranteed backing. Quote Link to comment Share on other sites More sharing options...
ccg Posted September 17, 2011 Report Share Posted September 17, 2011 If it is leagal Canadian currency, they cannot refuse to change it to paper money. Does the Canadian Banker's Association actually has that in their rules? The laws regarding "legal tender" concern only the tendering of "legal tender" towards payment of a debt - it doesn't force acceptance of cash. For example, newspaper subscriptions are commonly payable only by credit card or check. Quote Link to comment Share on other sites More sharing options...
Art Posted September 17, 2011 Report Share Posted September 17, 2011 If you don't have a super bunch just spend them. I spend half dollars and dollar coins and such all the time. Strange looks - somethimes. Refusal - never. Quote Link to comment Share on other sites More sharing options...
More Posted October 28, 2011 Report Share Posted October 28, 2011 Does the Canadian Banker's Association actually has that in their rules? The laws regarding "legal tender" concern only the tendering of "legal tender" towards payment of a debt - it doesn't force acceptance of cash. For example, newspaper subscriptions are commonly payable only by credit card or check. Hi CCG According to the Canadain Government website & my little bit of knowledge on Canadian coins..none of them ever issuedgoing back to 1858, when it was controled by Gereat Britian has a Canadian Coin ever been de listed. So all Canadian Coins ever listed are still legal tender. http://www.canlii.org/en/ca/laws/stat/rsc-1985-c-c-52/latest/rsc-1985-c-c-52.html#history Scroll down to current coins Part 1 - 7.(1) look at it & part (a) as well as ( So any coin minted after 1952 says part -(a) Plus when the Royal Canadian mint Act was incorporated. part ( says that all coins used previous to that date...are legal tender still. In my observation of the Coinage of Canada & our government, they are (& have been for years) looking at getting rid of the Candian 1 cent coin. If they do it will be the first time Canada has removed a coin from circulation. But the debate rages on http://www.creditcardscanada.ca/news/2011-02-15-penny-brief Quote Link to comment Share on other sites More sharing options...
ccg Posted October 28, 2011 Report Share Posted October 28, 2011 Hi CCG According to the Canadain Government website & my little bit of knowledge on Canadian coins..none of them ever issuedgoing back to 1858, when it was controled by Gereat Britian has a Canadian Coin ever been de listed. So all Canadian Coins ever listed are still legal tender. http://www.canlii.org/en/ca/laws/stat/rsc-1985-c-c-52/latest/rsc-1985-c-c-52.html#history Scroll down to current coins Part 1 - 7.(1) look at it & part (a) as well as ( So any coin minted after 1952 says part -(a) Plus when the Royal Canadian mint Act was incorporated. part ( says that all coins used previous to that date...are legal tender still. I'm not disputing the legal tender status of nickel dollars. My argument is that legal tender status concerns only the validity of a piece of currency towards payment of a debt, and that as such, there is no obligation for a bank, or anyone else, to exchange one type of legal tender for another, in other words, banks are not obligated to accept nickel dollars in exchange for other coins, banknotes, or as a deposit. The only time the legal tender argument comes into play for a bank is if you were to use them towards payment of a debt (e.g. credit card bill). Quote Link to comment Share on other sites More sharing options...
mgk920 Posted October 29, 2011 Report Share Posted October 29, 2011 eBay is your FRIEND! Mike Quote Link to comment Share on other sites More sharing options...
Roger Posted February 14, 2012 Report Share Posted February 14, 2012 Take them and spend them at you local fast food establishment. Odds are that the kids working there have never seen a dollar coin (this at least happens in the US) and you can giggle at their ignorance of the coinage system. I get these results with the dollar and the half dollars. Best of all I have the most fun with Ike dollars even though I might be loosing some numistic value in the deal but the looks of wonderment from the cashiers is worth it. Quote Link to comment Share on other sites More sharing options...
Steve D'Ippolito Posted February 14, 2012 Report Share Posted February 14, 2012 On the other side of the coin, I've run into Canadians who don't know about their 50 cent piece. Quote Link to comment Share on other sites More sharing options...
ccg Posted February 14, 2012 Report Share Posted February 14, 2012 On the other side of the coin, I've run into Canadians who don't know about their 50 cent piece. Unlike with the US, where the half dollar is ocassionally seen (at casinos, etc.), the 50c has been out of circulation since the silver to nickel/clad changeover here, and most people born since then don't recognize it - that includes bank tellers. Quote Link to comment Share on other sites More sharing options...
Steve D'Ippolito Posted February 14, 2012 Report Share Posted February 14, 2012 Is it still being produced? Quote Link to comment Share on other sites More sharing options...
KoRnholio Posted February 15, 2012 Report Share Posted February 15, 2012 I believe a small number are still minted every year, even outside of coin sets. Possibly only available from the mint in rolls, similar to the new US $1 coins? Quote Link to comment Share on other sites More sharing options...
ikaros Posted February 15, 2012 Report Share Posted February 15, 2012 Unlike with the US, where the half dollar is ocassionally seen (at casinos, etc.), the 50c has been out of circulation since the silver to nickel/clad changeover here, and most people born since then don't recognize it - that includes bank tellers. True story, I bought a coffee at a Tim Hortons (in Ohio) with a Sacagawea and a half dollar, and the window help asked me if the Kennedy was a two dollar piece... I was so very tempted to say, "Yes. Yes, it is," in as sincere a voice as I could manage. As it stands, I have a 1994P half in my pocket even as I type. Quote Link to comment Share on other sites More sharing options...
ccg Posted February 15, 2012 Report Share Posted February 15, 2012 Quote Link to comment Share on other sites More sharing options...
jessy clifant Posted April 10, 2013 Report Share Posted April 10, 2013 I have read an article last february about end of canadian penny re-sparks debate in US. It states that Canada has officially stopped the circulation of its cent. The move has put a decades-old controversy back on the front-burner in the U.S. Quote Link to comment Share on other sites More sharing options...
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