Consumer advocacy group pushes back against growing trend towards a cashless Canada

The Quebec-based consumer advocacy group, Operation Consommateurs, is urging the federal government to amend the Currency Act to mandate that merchants accept cash, with penalties for non-compliance.

Cash’s reign as king in the marketplace is slowly coming to an end as consumers increasingly pay with debit and credit cards – and apps on their cell phones – and Canada moves ever closer to the nightmare of many numismatists. The cashless society. “It would be absolutely devastating for the hobbyists and the businesses,”... Continue reading →

Mint hits ‘pause’ on accepting scrap silver

Scrap silver is reclaimed silver in the form of coins, jewellery. silverware, etc.

The Royal Canadian Mint (RCM)’s decision to “pause” accepting scrap silver for refining has the Canadian Association of Numismatic Dealers (CAND) concerned about the potential financial hardship on dealers and collectors. “It’s going to pose some waves through the industry because the Mint was very quick in processing scrap silver shipments and coming up with... Continue reading →

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