Did anyone hear that Trump has ordered the US mint to stop minting the US penny?

B

I have noticed a big drop in the new vertical Tens since their release last fall.  I was seeing fresh new notes from ATM's right up till February (but have seen nothing new since March).

I look at it this way -- when I walk into a branch and withdraw a large number of any denomination of note and the teller needs to count them by hand because they are so ripped and worn that they won't go through a counting machine -- I start hunting for the new notes in that denomination.  IMHO that's when it starts costing the banks money and they need to order new notes, and start pulling old notes.  For example, MacDonald 10s are getting harder to find, so when you do find them they are in ok shape.  Since the sort of just pulled all the ratty MacDonalds they had to issue more Desmonds. 

Banks have been passively pulling older $5 notes, but are to start needing to pull all the $5 notes with a prefix starting with H pretty soon as they are certainly "gumming up the works" they're in such bad shape, which is why I think we are seeing a slow roll out of final Rogers prefixes starting IN-.  Question is -- will the new prefix of $5 notes be the first issue of a vertical Terry Fox note?

Also, I wonder if the tariffs will actually increase the use of Canadian currency because Canadian businesses are reporting higher than normal sales because Canadian's are so serious about buying Canadian goods and products?

Cheers,
B

Could it seem like there is a drop in the number of toonies circulating because they are doing commemorative colourized issues that people are keeping?  First issued of KC and colourized as well.  I read they will do 6 special issues of colourized commemorative toonies in 2025.

The 2024 King Charles nickels, quarters and dimes are abundant in Toronto.

Hi Dean,  Just wanted to give you a heads up that some of the rolls of what I thought were bank wrapped full rolls of KC coins, actually were not.  I broke open a few rolls to look for error coins and was pretty surprised to find a mix of QE and KC.  Now I'm wondering about the other rolls I've saved.
Cheers,
B 

Just want to ask, was there an increase in new King Charles coins minted for 2024 as opposed to 2023, but like 2023 there was still a limited quantity minted for 2024?

I think you may be on to something there AJG.  I wonder if they already had a ton of QE coins minted that need to be issued, and therefore perhaps when they minted the first 2023 KC coins which I think they did as some sort of protocol, the also minted a limited number of 2024 KC's at the same time (cheaper to just change the date), and knowing they still had a ton of QE's to put into circulation.  I'm in Toronto and it doesn't seem like we are over run with KCs here.

Now what I'm wondering is if they issue any 2025 KC coins at all -- even limited edition?

Cheers,
B

As I mentioned in this thread before, a few years ago, the toonie may have been dropped in demand where I live because its purchasing power became the $5 bill.

But lately, I have been seeing no new $5 bills in my region (or they are being trickled out to the point of being unnoticeable), so if this is true then the toonie's demand may likely fallen for many years and may likely have levelled off now.  I think the reason for many $5 bills being issued to banks in my region was because they likely replaced the toonies that were not needed in my region anymore.

Also, for some years, I have seen very few $20 FZ* prefixes, even though I have received consecutive FZG and FZK from ATMs in recent years.  But in recent months I do recall seeing a fairly good amount of higher FY* prefixes (especially FYV), but considering I got the FZKs from a Scotiabank ATM two years ago, I am thinking we are getting closer to the end of the Wilkins/Poloz $20s, and by the time they're depleted the Bank of Canada may likely start issuing the King Charles $20s by that point, meaning that my region could start the  FL* run as early as FLJ.  I am sure the new $20s will have a smooth rollout unlike the Desmond $10 - the latter of which had a slower rollout due to many bank branches having stopped ordering $10s by that point.

I am thinking that demand for all denominations smaller than the $10 bill have fallen during the post-pandemic era.  And with the U.S. tariffs now in effect, it makes me wonder if demand for new bills and coins could take a steep drop now?

I do know that there have been only one new prefix reported after HJD nearly six months ago, so I am thinking that new banknote activity is going through a dry spell now.

In Toronto there has been new $5 Rogers-Macklem spreading around, the prefixes I got were INS, INT, INU, INW and INY

They haven't released a lot of Lane-Macklem $20 into circulation and the only prefix I found were FZZ. I remember the day I first found my Lane-Macklem $5 in July 2022.

I still find FY_ prefixes in uncirculated condition in my withdraws but I have been focusing on withdrawing in $5. I wonder what the prefix will be when the King Charles $20 comes out into circulation and the new prefix for the $5 since INA-INZ has been all used. I have heard that it will be IOA-IOZ.

As I mentioned in this thread before, a few years ago, the toonie may have been dropped in demand where I live because its purchasing power became the $5 bill.

But lately, I have been seeing no new $5 bills in my region (or they are being trickled out to the point of being unnoticeable), so if this is true then the toonie's demand may likely fallen for many years and may likely have levelled off now.  I think the reason for many $5 bills being issued to banks in my region was because they likely replaced the toonies that were not needed in my region anymore.

Also, for some years, I have seen very few $20 FZ* prefixes, even though I have received consecutive FZG and FZK from ATMs in recent years.  But in recent months I do recall seeing a fairly good amount of higher FY* prefixes (especially FYV), but considering I got the FZKs from a Scotiabank ATM two years ago, I am thinking we are getting closer to the end of the Wilkins/Poloz $20s, and by the time they're depleted the Bank of Canada may likely start issuing the King Charles $20s by that point, meaning that my region could start the  FL* run as early as FLJ.  I am sure the new $20s will have a smooth rollout unlike the Desmond $10 - the latter of which had a slower rollout due to many bank branches having stopped ordering $10s by that point.

I am thinking that demand for all denominations smaller than the $10 bill have fallen during the post-pandemic era.  And with the U.S. tariffs now in effect, it makes me wonder if demand for new bills and coins could take a steep drop now?

I do know that there have been only one new prefix reported after HJD nearly six months ago, so I am thinking that new banknote activity is going through a dry spell now.

Just want to ask, was there an increase in new King Charles coins minted for 2024 as opposed to 2023, but like 2023 there was still a limited quantity minted for 2024?

It's disappointing I still see so many new coins with the Queen on them still being issued in Newfoundland. Either the King Charles coins are available in some banks in my region but people are likely hoarding them, or they are being released in trickle fashion just like with newer banknotes nowadays?

Salut Claude, j'ai 2 billets dans les BG.... BGP et BGT si jamais ça t'intéresse, écris moi

missinglink33@live.ca

Merci

February 27th coin hunt update:

Well, tonight’s coin hunt was basically a bust.  No silver, but I did manage to get one US dime, and two 2023 King Charles loonies.  I guess the best thing about this hunt was finding one extra dime in one of the rolls.   

Enjoy!
Dean