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

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Valued Member
Canada
414 Posts
 Posted 10/22/2013  1:14 pm  Show Profile   Bookmark this reply Add SelectCoinCanada to your friends list Get a Link to this Reply
Thought I would attach this update to this topic since it was in a different category.

https://goccf.com/t/157169
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DoubleEagle20's Avatar
United States
1748 Posts
 Posted 10/26/2013  2:06 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
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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Petersun's Avatar
Canada
1700 Posts
 Posted 10/26/2013  2:33 pm  Show Profile   Bookmark this reply Add Petersun to your friends list Get a Link to this Reply
Therefore it is always possible to find ones in sets or circulation. The chance of that happening is too slim.
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brexzz1's Avatar
Canada
348 Posts
 Posted 04/17/2014  7:08 pm  Show Profile   Bookmark this reply Add brexzz1 to your friends list Get a Link to this Reply
Since the new ICCS pop report is out. Anyone have an updated pop # on the 2005 p non mag?

Thanks
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darryldarryl's Avatar
Canada
2426 Posts
 Posted 04/17/2014  10:27 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
Last I heard when speaking to Brian at ICCS two weeks ago it was 5.
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 04/17/2014  11:49 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply

How about this: http://www.ebay.com/itm/2006-P-Cana...c67ff&_uhb=1

Claims to be the only known 2006P non-magnetic NBU
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Canada
1984 Posts
 Posted 04/18/2014  08:24 am  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
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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cspence's Avatar
Canada
75 Posts
 Posted 07/08/2014  6:32 pm  Show Profile   Bookmark this reply Add cspence to your friends list Get a Link to this Reply
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 ;)
Valued Member
Canada
414 Posts
 Posted 07/09/2014  11:48 am  Show Profile   Bookmark this reply Add SelectCoinCanada to your friends list Get a Link to this Reply
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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qbvbsite's Avatar
Canada
849 Posts
 Posted 07/09/2014  12:21 pm  Show Profile   Bookmark this reply Add qbvbsite to your friends list Get a Link to this Reply
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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JeyRey2000's Avatar
Canada
743 Posts
 Posted 07/09/2014  12:22 pm  Show Profile   Bookmark this reply Add JeyRey2000 to your friends list Get a Link to this Reply
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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CC-Ottawa's Avatar
Canada
3690 Posts
 Posted 09/11/2014  8:24 pm  Show Profile   Bookmark this reply Add CC-Ottawa to your friends list Get a Link to this Reply
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?
Edited by CC-Ottawa
09/11/2014 8:44 pm
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SPP-Ottawa's Avatar
Canada
10458 Posts
 Posted 09/11/2014  10:13 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

My eBay store
Valued Member
Canada
62 Posts
 Posted 09/11/2014  11:08 pm  Show Profile   Bookmark this reply Add kennyg1966 to your friends list Get a Link to this Reply
ESTIMATED is the key word
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brexzz1's Avatar
Canada
348 Posts
 Posted 09/11/2014  11:31 pm  Show Profile   Bookmark this reply Add brexzz1 to your friends list Get a Link to this Reply
Almost feel bad for the guy who paid over $20,000 for this coin earlier this year
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