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 →

Alloy recovery program keeps Canadians’ pocket change fresh

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

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 →

Circulating coin recalls costliest conflicts

The iconic Canadian photograph Wait for me, Daddy will form the basis of a new Canadian $2 to be issued later this year.

The government has approved a new circulating $2 coin, as well as two new, significantly greater, denominations of non-circulating legal tender coins. An order in council, issued July 2, has authorized coins with the values of $1,000 and $1,250, and the issue of a $2 coin, using the famous image Wait For Me, Daddy, taken in 1940, which shows a young boy catching up to his father, who was marching with his regiment. As a circulating coin, design details are outlined in the order. The coin will show a partial reproduction of the photograph in the centre, and the outer ring will have the words “remember” in English and French, with two laser-mark maple leaves. The edge will have the words “Canada” and “2 dollars,” with maple leaves. Continue reading →

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $45.75/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.