2005-P 1c Non-Magnetic Exists. Time To Start Roll Hunting!

A bunch of 2005P Nonmag came up on the Shopping Channel coin show tonight

MS66 is $2495
MS67 is $2995

http://www.theshoppingchannel.com/p...nav=R:513876

http://www.theshoppingchannel.com/p...nav=R:513877

If Bromberg has dozens of these coins, I think it's safe to say there are thousands of them out there somewhere.

This is what TCS posted:

"This is an exceptional superb gem uncirculated example of one of the rarest major Canadian error coins to be discovered in many years. In 2005, the Royal Canadian Mint used two different types of planchets for one cent coins. Magnetic copper plated steel coins were issued with a letter "P" (for plated) under the effigy of the queen, while non-magnetic copper plated zinc coins were issued without the letter "P". All magnetic issues are supposed to have the letter "P", while non-magnetic issues are not supposed to have the letter "P".

A small number of non-magnetic copper plated zinc 2005 coins recently been discovered with the "P" composition mark intended only for the magnetic steel issues. The total quantity of coins struck by mistake on the wrong planchet type is estimated to be less than 200 pieces. This is an exceptional ultra high grade example, independently third party certified as Superb Gem Uncirculated Mint State 67 by Canadian Coin Certification Service (CCCS). Regular issue magnetic "P" coins and non-magnetic no "P" coin are also included for comparison.

Five examples of this rare error coin have come up for public sale in the past year, with selling prices ranging from $4,000 to $20,000 each. The most recent auction results for this coin graded MS-67 was $5,900 in June 2014."

I added the bolding but it begs the questions. Who estimated only 200 pieces? And how did they come up with that number?

ESTIMATED is the key word

The TSC ad IMO is misleading, neither coin has been graded MS66 or MS67 by CCCS. They have been graded UNC66 and UNC67, a designation reserved for coins removed from sets only. Seems the TSC ad is deliberately trying to mislead the unwary into believing that these are business strike coins.

Now you know which dealer has oddles of these pennies, it's a planchet error and no more, depending on how many are being offered now maybe 500.00 is not to far away.

That's what a planchet error means. The wrong planchet got used.

A variety is an intentionally released variation.

I'm starting to wonder if that MS67 that sold for $20,000 was a real auction with a real buyer. Can be had for ~ $2000 now...

TCNC auctioned the first coin for over 20,000 and the under bidder ask them to find him or her a example and they were apparently offered many examples in the next few days and sold one for the under bid price of around 19,000. Skip to next month auction another example I had to help bid to 2700.00 and that bidder I believe walked away due to constant rumors of a dealer with a wack of these coins, of course now we know who has them. These coins are not rare graded or left in sets, if you have one get it graded and sell it quick the more found the cheaper the price.