Why does give Coinflation give a higher value for Canadian dimes and quarters vs US quarters when all 1968 and newer have some steel in them ? and for Candian nickels 1955-1981 it gives a value of .079 vs US nickels of .052 when all these Canadian in these years have some steel in them Am I missing something here - all the Canadian dimes and quarters sticks to magnets and nickels up to 1981 and 2001 and after do too . Snowman
Canadian 1955-1981 nickels are 99.9% fine nickel. Canadian 1968-1999 quarters and dimes are also 99.9% fine nickel. nickel is magnetic And, the prices are higher because US dimes and quarters are clad copper and nickel, which isn't worth as much as pure nickel.
But Canadian nickels from 1982 to 2000 do not stick stick to any magnet like the magnet i used in the picture
From what I've read, 400 series stainless steel is generally magnetic, while the 300 series is not. For some stainless steels you need a very strong magnet while for other types of stainless a weak magnet will stick to it. As carbon, chrome, nickel, etc. are added, the less likely the steel can become magnetic. I'm not sure what type of steel is used in coins, as to the amount of carbon & nickel used.
I agree on the 300 series. I worked for an auto manufacturer and used 300 stainless, we couldn't even use magnets to pick up shavings effectively. A consultant came in recommending that, but when we tried to put it into practice had to show him in person his idea was worthless to get him to agree to reduce the bill.
Taken directly from the RCM website: Nickel: http://www.mint.ca/store/mint/learn/5-cents-5300006#5_1 Dime: http://www.mint.ca/store/mint/learn/10-cents-5300008#10_1 Quarter: http://www.mint.ca/store/mint/learn/25-cents-5300010#25_1
