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Penny Roll Madness

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Pillar of the Community
Canada
590 Posts
 Posted 03/04/2013  3:45 pm  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply

Quote:

Seriously, I think the date is on the matrix. So, extensive illegal activity would have to occur for a 2013 to exist.

We're not talking polishing up an end-of-run die and taking a point punch to it, here.


Why would the activity need to be illegal. Did you know that there were test token for the new $1 coin and $2 coin. I didn't and apparently they made millions. Can you prove there was never a 2013 test die and that they never struck any coins.

Only someone from the Mint can, and they are not talking. So theoretically a 2013 accidental issue penny could exist.
Valued Member
rmc's Avatar
Canada
478 Posts
 Posted 03/04/2013  3:52 pm  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply
Wow
Pillar of the Community
RoyalSilver's Avatar
Canada
933 Posts
 Posted 03/04/2013  4:31 pm  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
$6600 ... wooooooooow!
Valued Member
SoulBrotherNo3's Avatar
Canada
330 Posts
 Posted 03/04/2013  5:35 pm  Show Profile   Bookmark this reply Add SoulBrotherNo3 to your friends list Get a Link to this Reply
Just a thought, but what's to stop the mint from still making pennies each year and distributing them in rolls like they continue to do for the 50 cent coins?
They wouldn't be for distribution (just like the 50 cent rolls) but would be for collectors?
Is this a possibility or have they shut the door on never producing pennies again?
Pillar of the Community
Canada
5324 Posts
 Posted 03/04/2013  7:21 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
Pariliment has already discontinue the penny there is no authorization to produce any more pennies. They are paying the banks to recover the old units, how can the RCM produce any penny?
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BiBo's Avatar
Canada
1189 Posts
 Posted 03/04/2013  7:36 pm  Show Profile   Bookmark this reply Add BiBo to your friends list Get a Link to this Reply
@Soul,
What is the meaning of "Farewell to the Penny"? if they keep making Penny in the penny each year in the future.
Pillar of the Community
Canada
590 Posts
 Posted 03/04/2013  8:10 pm  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply
Yes and I remember multiple Rolling Stones, The Who and Kiss Farewell tours. Just because something is gone doesn't mean it cant be resurrected or celebrated multiple times.

The Susan B. Anthony dollar comes to mind. The coin minted from 1979 to 1981, and again in 1999.

Take Australia for an example. They got rid of the penny in 1992. The one cent coin was produced as proof in 2006 and 2010 as part of mint sets.

So is this a real farewell to the penny? No, we will see another penny in the future guaranteed, just not in circulation form. But then you never know. If the wrong political party comes into power there could be another penny.
Valued Member
Jerry_B's Avatar
Canada
453 Posts
 Posted 03/04/2013  8:12 pm  Show Profile   Bookmark this reply Add Jerry_B to your friends list Get a Link to this Reply

Quote:
what's to stop the mint from still making pennies each year and distributing them


On Mar. 29, 2012, the following was in a statement from the mint:


Quote:
the Royal Canadian Mint will no longer distribute pennies as of fall 2012.


That wording is pretty clear.
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BiBo's Avatar
Canada
1189 Posts
 Posted 03/04/2013  8:26 pm  Show Profile   Bookmark this reply Add BiBo to your friends list Get a Link to this Reply
of course they can make something in future to memory the Penny. But not each year like the 50 cents roll.

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54dollarcoin's Avatar
Canada
475 Posts
 Posted 03/04/2013  8:46 pm  Show Profile   Bookmark this reply Add 54dollarcoin to your friends list Get a Link to this Reply
Actually by the amount of NCLT junk the mint churns out each year, they seem to be able to do what ever they feel like. The cent will be back in one form or another in a collector version , watch! May take awhile but can you envision this in a 6 coin 3 metallic set... the 100th anniversary of the demise of the Large cent and the introduction of the small cent 2020 in the appropriate sizes gold silver and bronze. BTW OT the sale of roll #20000.............total $6k Loonacy!! LOL LOL
Pillar of the Community
Canada
590 Posts
 Posted 03/04/2013  8:58 pm  Show Profile   Bookmark this reply Add Dooby Rak to your friends list Get a Link to this Reply

Quote:
of course they can make something in future to memory the Penny. But not each year like the 50 cents roll.


Technically they can. It might not look like the penny we have today but they could make a special edition penny roll every year forever.

There is nothing to stop them from making specimen coin rolls also. They would not be for distribution but after seeing the current farewell to the penny rolls getting $30+ on ebay I'm sure the Mint is wishing they had priced the rolls at $20. New underestimate the Mints Greed and thrust for profits.
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RoyalSilver's Avatar
Canada
933 Posts
 Posted 03/04/2013  9:00 pm  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
Still cant comprehend what would drive someone to spend $6600 on a ROLL of 2012 pennies with a fancy serial. I mean, for that amount, I would buy gold bullion...or perhaps 1921 5c. But who knows, maybe this investment of $6600 will pay off in the future and be worth $12000....although I just CANNOT see that roll being worth more than a couple hundred bucks...
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AZTAMT's Avatar
Canada
263 Posts
 Posted 03/04/2013  9:13 pm  Show Profile   Bookmark this reply Add AZTAMT to your friends list Get a Link to this Reply
Total insanity......On the other topic. I agree with some thoughts that there will be a penny produced in future sets...Just MO
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dialog_gvf's Avatar
Canada
1581 Posts
 Posted 03/04/2013  9:18 pm  Show Profile   Bookmark this reply Add dialog_gvf to your friends list Get a Link to this Reply


Quote:

the Royal Canadian Mint will no longer distribute pennies as of fall 2012.


And the pennies in sets sold until the end of the year?

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RoyalSilver's Avatar
Canada
933 Posts
 Posted 03/04/2013  9:20 pm  Show Profile   Bookmark this reply Add RoyalSilver to your friends list Get a Link to this Reply
I just assumed the penny will continue to be produced for special sets. No question we will see it again, and soon. Perhaps not in the same form.

Is the RCM not the government? SO they can do what ever they want...technically, right?
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