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Started by Pabitra, July 24, 2014, 01:13:28 AM
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Quote from: quaziright on July 25, 2014, 02:46:07 PM50c coins are not made for circulation
Quote from: Figleaf on August 02, 2014, 12:05:40 PMAs mentioned above, there is some demand for halves on the West coast.
Quote from: andyg on August 02, 2014, 12:22:32 PMSorry, but this is just not true!
Quote from: canadacoin on August 02, 2014, 01:51:21 PMhere is source and excerpt:http://en.wikipedia.org/wiki/50-cent_piece_(Canadian_coin)Though it is regularly minted, it is not made in large quantities (approximate annual average production of 150,000), and since 2004 has only been available to the public directly from the mint. It is very rare to encounter this denomination in everyday transactions, since there seems to be the mistaken belief among many Canadians that the coin itself is rare and thus of value in excess of 50 cents. Most times, when a 50-cent piece is exchanged in a transaction, it is saved by its recipient. People quite commonly, upon being presented with 50-cent pieces, question the legality of the coin, because of the non-circulating status of the denomination. The coin occupies a similar status to that of the United States half-dollar coin. Newer vending machines do not generally accept it, even when they accept coins of both higher and lower value, but many older machines that were retooled to accept loonies will misidentify a 50-cent piece as a loonie, thus allowing the value of the coin to be doubled. A largely unsuccessful attempt was made by the Royal Canadian Mint to promote the use of the coin when a special edition was released in 2002 marking the 50th anniversary of the accession of Elizabeth II to the throne. After this failed promotion, the mint stopped distributing 50 cent pieces to banks, and now only sells them in rolls or in coin sets available directly from their Numismatic Department.For the distribution of the coin you need vendors being able to accept it (see note from Figleaf regarding lack of drawers etc)