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31   Show and Tell / Re: Dean’s finds

on June 25, 2024, 01:20:32 pm

Started by Dean - Last post by Dean

June 25th:
Three for three!

I visited three banks today.  This is what I found:

Bank #1:  I followed up on an email I received from the teller saying that she had some old notes.  I was pleased to claim a birds $1000, a 1973 $1 and a nicer journey $10.  The $1000s are getting harder to find at the banks…

Bank #2: I lucked out here because I hadn’t visited this branch in awhile.  The teller let me have some 1973 $1s and some birds $2s along with a nicer birds $50 and a 2017 $10.

Bank #3:  There was no old paper money at this branch, so I changed tactics.  I got $50 in customer wrapped dime rolls and five regular $10 notes.  On closer inspection, one of the $10s is a 3-digit radar note, with radar front and back position numbers (44/44) and also a radar prefix, FFF 0210120

I’d say it was a good day!

Enjoy!
Dean

32   Show and Tell / Re: Dean’s finds

on June 24, 2024, 09:54:07 pm

Started by Dean - Last post by Dean

June 24th finds:

One of my banks had a small stash of notes for me today.

Nothing too special here, but it is still nice to be finding stuff again!

Enjoy,
Dean

33   Show and Tell / Re: King Charles nickels

on June 24, 2024, 08:42:28 am

Started by Breanna72 - Last post by Breanna72

Good to know.  Thanks Redlock!

34   Show and Tell / Re: King Charles nickels

on June 24, 2024, 01:04:35 am

Started by Breanna72 - Last post by Redlock

Even with a late release of the charles coins in 2023, the mintage rates are still pretty high. As per Royal Canadian Mint 2023 annual report:
5 Cents: 28,422,000
10 Cents: 43,205,000
25 Cents: 80,510,000
Loon Dollar: 22,890,000
Two Dollar Bear: 8,500,000

Be careful!
These are the numbers for coins minted in the year 2023. These are not the numbers of coins minted with the date ''2023.''
It is entirely possible that these figures represent coins dated ''2022'' with QEII's effigy and KCIII's effigy.
Unfortunately, the RCM does not report the number of coins minted with a specific date anymore. The last time they did it was in the annual report of 2014.

35   Show and Tell / Re: King Charles nickels

on June 23, 2024, 09:41:15 am

Started by Breanna72 - Last post by Breanna72

Even with a late release of the charles coins in 2023, the mintage rates are still pretty high. As per Royal Canadian Mint 2023 annual report:
5 Cents: 28,422,000
10 Cents: 43,205,000
25 Cents: 80,510,000
Loon Dollar: 22,890,000
Two Dollar Bear: 8,500,000

So if these are the mintages, then this is the number of Rolls minus the special wrapped rolls sold in sets:

5 Cents: 28,422,000/40=       710,550 - 15,000 =    695,550   
10 Cents: 43,205,000/50=     864,100 - 15,000 =    849,100
25 Cents: 80,510,000/40=  2,012,750 - 15,000 = 1,998,750
Loonie: 22,890,000/25=        915,600 - 15,000 =    900,600
Toonie: 8,500,000/25=          340,000 - 15,000 =    325,000

I can't find figures for how many individual special wrapped (non-set) rolls the mint sold, if they sold any?

Cheers,
Breanna

36   Show and Tell / Re: King Charles nickels

on June 23, 2024, 07:41:14 am

Started by Breanna72 - Last post by AJG

Another possible reason as to why I have not seen any King Charles nickels in my region yet, it may have to do with the banks transitioning from physical cash to digital banking.  I read on several sites (including Google Maps) that at least two banks just outside St. John's had reportedly stopped ordering coins since all their cash is held in the ATMs now, and it's possible that the bank my supermarket relies on for commercial banking may likely rely on Scotiabank, and the supermarket company announced recently that they are introducing "Smart Carts" where shoppers can scan the item and pay for their purchases at the cart.  I am thinking this may be in response to possibly Scotiabank's decision to phase out cash except for the ATMs.

This means that those particular Scotiabank branches I mentioned above have nothing less than $10 notes now (Scotiabank ATMs used to have $5 notes, until the "bigger is better" crowd - that a front desk clerk informed me about a few months ago - complained about getting multiple $5 notes). This is an inconvenience since people who do not know how to use digital payments won't be able to take the bus, since bus fare requires coins.

And based on the $2 coins being produced in the lowest quantity of all the existing coin denominations (drastically low at that), implies that demand has fallen due to inflation and purchasing power of the $2 coin now being the $5 note. It seems to have been like that for years now - at least for my province.

37   Show and Tell / Re: King Charles nickels

on June 23, 2024, 12:20:25 am

Started by Breanna72 - Last post by JB-2007

Even with a late release of the charles coins in 2023, the mintage rates are still pretty high. As per Royal Canadian Mint 2023 annual report:
5 Cents: 28,422,000
10 Cents: 43,205,000
25 Cents: 80,510,000
Loon Dollar: 22,890,000
Two Dollar Bear: 8,500,000
 

38   Show and Tell / Re: King Charles nickels

on June 23, 2024, 12:03:32 am

Started by Breanna72 - Last post by AJG

I still have not seen any King Charles coins in my hometown yet, otherwise I would have seen them in my change by now.  I understand that this was a very limited number that was put into circulation to start, but I expect that there will likely be a much bigger supply of King Charles coins minted in 2024, and based on past history, I have a feeling they'll be issued as early as the fall, as that is usually when new coins are issued.

I think the reason for the lower supply of 2023 King Charles coins was due to being released in December - they had just a few weeks left in 2023 to release them, and if true, it likely didn't justify minting a large number.  If they had released them a few months earlier we probably would have seen a more substantial number in circulation by now.

I expect that when the new $20 notes with King Charles' likeness gets released, people will likely receive them and hoard them until they become very common in circulation.  Some Canadians - particularly in Atlantic Canada - likely hoarded the Desmond $10 notes due to having been in low supply in some areas, but since last August they are now quite common and nobody seems to be hoarding them anymore.

39   General Forum Comments / Re: HJM Rogers Signature

on June 22, 2024, 11:43:35 pm

Started by Snoman - Last post by AJG

I have a feeling that the Rogers-Macklem $100s will take a while to come to Atlantic Canada, considering that I have only seen fresh $100 notes in the prefixes of GKT and GKU in recent months so far.

I also discovered a trend that whenever I see new $100 prefixes in my hometown, I usually see them in clusters of two or three consecutive prefixes, then jump ahead to another cluster.  Two years ago, I remember seeing GKC, GKD and GKE.  Last year, I remember seeing GKN and likely GKU. It could be possible that GKV could be the next prefix to arrive in my hometown (hopefully later this year), and then after that (likely as early as next spring), I may finally see the first of the HJ* prefixes (which I expect could likely be HJB, HJC and the long-awaited HJD - and it makes sense since those will likely have been the three latest Lane-Macklem HJ* prefixes released to Canada by that point).  After that cluster, it could be then (2026, likely) that I could finally see the Rogers-Macklem signatures on $100 notes, but the earliest prefixes in that signature combo coming to my province could likely be much later in the HJ* series (like say, HJU, for example).

Typically, for new prefixes coming to Newfoundland, it takes on average about two years from the initial release in Canada before they finally arrive to Atlantic Canada.  And even if I do see new prefixes, there will likely be only a small number of such new bills mixed in with a lot of recycled notes.  As I said before, new prefixes are a hit or miss these days.

40   Show and Tell / Re: Dean’s finds

on June 22, 2024, 03:22:35 pm

Started by Dean - Last post by Dean

June 22nd finds, continued:

Here’s a photo of the 1954 and 1967 $1s I found today.

Enjoy!
Dean

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