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Volume 52 – #10

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Volume 52#10

August 6 – August 19, 2014

Coin sorting machines such as those owned by Coinstar, are at the front line of a program to remove older coins from circulation.

Alloy recovery program keeps Canadians’ pocket change fresh

Thanks to a little-known program operated by the Royal Canadian Mint, Canadians may have the newest coins in their pockets at any time since Confederation. Called the alloy recovery program, it is system where older-composition coins are culled out of circulation and replaced with new versions. The old coins are mutilated and then melted for the value of the metal, mostly nickel for most coins. The program was instituted in 2004, shortly after the introduction of plated-steel coins. It was introduced for the recovery of coins from five cents through to 50 cents. While the older five-cent coins were struck in cupro-nickel, the other values were all solid nickel. The program also solved a problem for the vending industry, as the newer coins were slightly lighter than the old nickel pieces. That meant machines had to be calibrated with broader tolerance for differences in weight than normal. Continue reading →

Features
Post-bull run bullion buying a trickier game
Page 1
Canadian coins mark baby prince’s birthday
Page 6
Mint beefs up security with new 10-ounce silver bar
Page 7

Regulars
Trends
Focus on Canadian ten cents
Page 12
CCN Marketplace
Are you buying or selling?
Page 30
Show & Bourse
Check out the shows in your area
Page 33
Editorial
Canadian circulation coins have come a long way in 25 years

I don’t think I’d be going out on a limb if I said that most of today’s collectors started out with pocket change. I have told before the story about how I went through the family penny jar, or in our case a tube that originally contained some sort of rye, sorting out coins and picking up the ones I liked, so I won’t bore you by rehashing that old tale. The truth is, a fairly large number of people I have talked to over the years have had similar stories. Variety in pocket change is a great way to get the attention of new collectors. It also helps that the coins can be acquired with no risk. When you pull a coin out of circulation, you essentially sell it to yourself for face value. If you decide you don’t want it later on, you can still simply spend it and get back your investment.

Continue reading →

By Bret Evans
Columns
Stanley Clute
Ancient Money
Roman coin is a tribute to lifelong friendship
Page 8
Ted Banning
The World of Money
Halifax dealer forever linked to ferry tokens
Page 10

Tim Grawey
Colonial Tokens
Overstrikes, counterstamps characterize Bouquet Sous
Page 20
Tony Hine
Canadian Key Dates
Mintage low for 25-cent coins of 1904
Page 22

Peter Mosiondz, Jr.
Collecting 101
Love of coins was fostered in ’50s Philly
Page 24
John Regitko
Errors & Varieties
Do rolls offer a good opportunity for finding errors?
Page 26

Carolyn Mullin
New Issues
Royal relay
Page 28
Bret Evans
Commemorative Coins
Millennium coins looked to the future
Page 32

Past Issues
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