Cryptocurrency Q&A Why are Canadian coins rare?

Why are Canadian coins rare?

Federica Federica Mon Nov 11 2024 | 5 answers 1094
I've heard that Canadian coins are quite rare and I'm wondering why. Is it because of their limited mintage, or maybe due to a specific historical event that made them scarce? I'd like to understand the reasons behind the rarity of these coins. Why are Canadian coins rare?

5 answers

JamesBrown JamesBrown Wed Nov 13 2024
Several rare coins have been minted in limited quantities, resulting in their scarcity in the market.

Was this helpful?

370
81
DongdaemunTrendsetterStyleIcon DongdaemunTrendsetterStyleIcon Tue Nov 12 2024
These coins are highly sought after by collectors due to their uniqueness and rarity.

Was this helpful?

82
66
TaekwondoMasterStrengthHonor TaekwondoMasterStrengthHonor Tue Nov 12 2024
Additionally, there are coins that were crafted from precious metals such as gold and silver.

Was this helpful?

154
21
Maria Maria Tue Nov 12 2024
The rarity of these coins stems from the fact that many of them were melted down to extract their metal value.

Was this helpful?

183
84
SamuraiHonor SamuraiHonor Tue Nov 12 2024
Before 1922, Canadian nickels were made using either "coin silver" which contains 800 parts of silver, or sterling silver which comprises 925 parts of silver.

Was this helpful?

305
87

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts