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Replies: 85 / Views: 23,337 |
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Valued Member
Canada
414 Posts |
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Pillar of the Community
United States
1748 Posts |
Makes sense that there will be some errors in the years where they ran the copper coated zinc and copper plated steel compositions...and had P and non-P dies. We in America have the 1943 copper cent and errors in the 1964-1965 timeframe where we switched from silver to cupronickel. Two compositions being minted with differing dies side-by-side is just asking for trouble...lol. We have varieties for our transition on the cent in 1982. To stop the error problem it looks like they mixed the blanks and just loaded both into presses as needed. Probably the hoppers that transported the blanks to the presses were used for both compositions and if any did not empty completely...whammo. You now have an error coin. I would bet dollars to doughnuts that non-P magnetic coins exist as well. I also bet anyone who redeemed their cents are kicking themselves right now. Those coins are gone for good.
Edited by DoubleEagle20 10/26/2013 2:39 pm
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Pillar of the Community
Canada
1700 Posts |
Therefore it is always possible to find ones in sets or circulation. The chance of that happening is too slim.
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Valued Member
Canada
348 Posts |
Since the new ICCS pop report is out. Anyone have an updated pop # on the 2005 p non mag?
Thanks
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Pillar of the Community
Canada
2426 Posts |
Last I heard when speaking to Brian at ICCS two weeks ago it was 5.
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Pillar of the Community
Canada
1581 Posts |
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Pillar of the Community
Canada
1984 Posts |
As someone said....the only thing rarer than a $1 million Canadian coin is a collector of $1 million Canadian coins.
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Valued Member
Canada
75 Posts |
Looks like I found #6. Haven't gotten the coin back from ICCS yet but I got the notification letter today. MS67 NBU 2005P Non Magnetic. Found it for my employer so he will likely be selling it, either through auction or ebay so keep an eye out for it ;)
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Valued Member
Canada
414 Posts |
Good find, but I'm afraid many of these have been discovered in the last few motnhs. My advise would be to sell ASAP! I'm aware of a dealer with a number of these that have not been graded, I do not know that exact number but approx a dozen.
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Pillar of the Community
Canada
849 Posts |
Well that's good news maybe I will be able to fill this hole in the future at a reasonable price :)
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Pillar of the Community
Canada
743 Posts |
If these are from sets then there could potentially be 20,000 of them out there or more. Kind of like the 2010 magnetic penny which only comes in sets and it not selling for thousands of dollars like the 2005 or 2006.
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Pillar of the Community
Canada
3690 Posts |
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:513876http://www.theshoppingchannel.com/p...nav=R:513877If 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?
Edited by CC-Ottawa 09/11/2014 8:44 pm
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Moderator
 Canada
10458 Posts |
Just wait for the next ICCS population report...
There is one up in the Bell auction for the fall 2014 Coin Expo, starting at $1000...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
Canada
62 Posts |
ESTIMATED is the key word
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Valued Member
Canada
348 Posts |
Almost feel bad for the guy who paid over $20,000 for this coin earlier this year
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Replies: 85 / Views: 23,337 |