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Royal Canadian Mint removing nickel coins from circulation

Started by MTHead-migration,

5 posts in this topic

MTHead-migration

MTHead-migration

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CANADIAN COIN NEWS - volume 43, number 2 - May 17 - 30, 2005 says the RCM has begun taking nickel coins from circulation, defacing them and selling them as scrap. Pre-2001 10 and 25 cent coins are first on the list even if they are not worn out.

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MTHead-migration

MTHead-migration

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What's the point? crazy.gif

 

Hoot

 

Increased seigniorage revenue for the Mint and standardized coins for the vending industry. Vending machine manufacturers are having a tough time getting machines to accept both older nickel and newer nickel-plated coins. There is a slight difference in the weight between the two.

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shirohniichan

shirohniichan

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Hoard them!

 

If the RCM is destroying and recoining that many coins, will it have time to come up with unusual packaging for its collector coins? 893whatthe.gif

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RustyStaple

RustyStaple

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Hoard them!

 

If the RCM is destroying and recoining that many coins, will it have time to come up with unusual packaging for its collector coins? 893whatthe.gif

 

Colouring and holograms isn't enough already? insane.gif

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