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 Replies: 38 / Views: 17,516 |
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Pillar of the Community
United States
613 Posts |
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
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Pillar of the Community
Australia
9441 Posts |
Quote:
Are there any design or color differences between the magnetic and non-magnetic? I'm no expert on Canadian cents, but when I received a few of each cent recently, I was surprised how different the finish was on the coins. The steel cents have a shiny finish, whilst the zinc coins has a slight hazy look about them. Is this normal? Steve  |
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Pillar of the Community
Canada
838 Posts |
Update: I have now pulled several (10 or so) non magnetic from rolls. I have found a couple of magnetics too.
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Pillar of the Community
Canada
2427 Posts |
I have sold 50 Boxes of each type!
There are lots of them out there.
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Pillar of the Community
Canada
1581 Posts |
Well, Canadian Coins & Currency is stepping up the promotion of the "Scarce 2012 1 Cent Coins", with a full page add in the latest Canadian Coin News.
Offering:
CPS for $10 a roll in "last issue" wrapping.
$300 for a box of 50
CPZ for $8 a roll in "last issue" wrapping.
$200 for a box of 50
$300 for a box of 50 stamped "last day"
If you acquire the maximums per customer, you would have 650 rolls, and 32,500 coins.
You know, scarce.
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Pillar of the Community
Canada
1354 Posts |
When I go to the bank for my coin order of 4 boxes of pennies per week to sort through for old coins I've been getting brand new boxes of mint coins. Which I don't want. I've received 10 boxes of both kinds.
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Pillar of the Community
Canada
1177 Posts |
i know this is irrelevant but I bought a whole 2012 roll of magnetic pennies from a corner store at face value and I also received an EF twoonie 2012 in change as well as a grey cup BU 2012 loonie!
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Valued Member
Canada
331 Posts |
Quote:
The steel cents have a shiny finish, whilst the zinc coins has a slight hazy look about them. Is this normal? @triggersmob: This haziness sounds like what I'm looking at now with this thread in the grading forum on 2011 CPZ cents: https://goccf.com/t/130453 |
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Valued Member
Canada
56 Posts |
don't know if anyone's still interested in 2012 penny rolls at face value, but if yer in the Barrie area Walmart on Mapleview has several rolls that they are happy to trade. I just picked up two for my collection |
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Pillar of the Community
Canada
1700 Posts |
Back in 2012, I thought that the 2011 magnetic cents were rare (I started a 7-page thread that ran active for a year) since I had trouble finding them in circulation (I only found 1 in 2500 pennies)
When the report came out, the mintage for magnetic pennies actually appeared higher than non-magnetic.
At the same time, I released almost all of my 2012 pennies in my collection because I thought that they weren't rare although they were scarcely seen in circulation.
But now, I can't manage to find any 2012 cents in circulation. Not anymore.
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Pillar of the Community
Canada
1751 Posts |
Hi, my info comes from Steven Bromberg the shopping Channel coin show. He was on a week ago, and was selling pennies. This info is on another thread too. He said the magnetic pennies are made from 2011 magnetic blanks that were leftover . When these blanks ran out, the zinc ones were used. He says the magnetic ones is the rarer of the two. His company bought something like $6,000 worth of circulation pennies. He claims to have found only 1 2012 penny for evervy 3,000 circulation pennies. Could this be due to hoarding of 2012 pennies, as tons of rolls and boxes are on auction or for sale. There has been a couple threads on the 2012 pennies already. I think they may be rare in circulation due to hoarding. I take his info with a grain of salt since he had a ton of pennies to sell and was asking a huge sum. How much is hype, I cannot say. Rox
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Pillar of the Community
Canada
1700 Posts |
Quote:
magnetic pennies are made from 2011 magnetic blanks that were leftover If you trust the RCM annual report, you'd find the magnetic cents at a higher mintage. Many 2012 cents are also magnetic. Quote:
He claims to have found only 1 2012 penny for evervy 3,000 circulation pennies. It's possible. The 2012 cents are collected in rolls and boxes. |
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Pillar of the Community
Canada
5324 Posts |
even if there is only 1 million magnetic pennies produced thats still too many and they are almost all hoarded.
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Pillar of the Community
Canada
849 Posts |
I went through some pennies at work at found seven 2012s. Four non magnetic, three were. Can't split it much closer than that.
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Pillar of the Community
Canada
590 Posts |
Quote:
he steel cents have a shiny finish, whilst the zinc coins has a slight hazy look about them. Is this normal? It interesting that this came back up. Some guy is selling both pennies in a card and I had not noticed this before. http://www.ebay.com/itm/25124864610....m1555.l2649I would have thought with the copper plating they would both look the same. The steel penny must strike better giving it a better surface finish. Nice product by the way. |
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Posted 07/18/2012 06:30 am
