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 Replies: 100 / Views: 13,061 |
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Pillar of the Community
United States
1523 Posts |
So I guess there is no need to dig through the searched jar of pennies to find the new Canadian that I threw back to see if it's magnetic or not huh?
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Pillar of the Community
Canada
838 Posts |
Dollar1948: Quote:
I can't find any magnetic what so ever....not a word of a lie...Not roll searching mind you..Toronto area here.
Are you talking 2009 or 2010? If you mean 2009, then I guess I'm just in the wrong location. It's encouraging to know they're plentiful (somehwere, anyway!) |
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Valued Member
Canada
74 Posts |
I obtained a full RCM roll of non-magnetic pennies from a coffee shop in Hamilton, ONT and can confirm that they were quite readily available in this area at the start of the year, before the 2010 started showing up en masse. |
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Pillar of the Community
Canada
636 Posts |
My apologies..its the 2010 magnetics that I cant find.
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Pillar of the Community
United States
4870 Posts |
I have a 2010 magnetic cent but it came from a PL set.
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New Member
Canada
42 Posts |
I have searched through $5000.00 worth of pennies in the past 6 months. I have found 4 x 2006, no P; no logo - magnetic. I have found 9 x 2009, non-magnetic. Have not found any 2007 or 2008 non-magnetic. Have received 3 x 2010 cents so far in change and all are non-magnetic. I have heard at our coin club that the RCM changed planchet material late in the year (according to CCN) and the 2010 continues with that same non-magnetic material. |
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Valued Member
Canada
200 Posts |
That's a lot of cents! Great luck for you on the 2006 no mark magnetic. What interests me most is the lack of 2007 non-magnetic. I have found one. I am convinced that the mintage numbers from the RCM are totally false. |
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Valued Member
Canada
386 Posts |
The mintage according to Charlton 2010 for 2007 non-magnetics is around 9.6 million as compared to 932 million for magnetics.
The odds should be 1 in 100 in a pile of 2007 pennies of finding a non-magnetic if they are evenly distributed.
Many coins are not even distributed until they have been in circulation for a long time. Examples are the 2009 non-magnetic penny which seems to be concentrated in Ontartio as well as 2009 Canadians Hockey loonies and 2008 Fleur-de-lis twonies which are both concentrated in Quebec.
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Pillar of the Community
United States
4870 Posts |
1945V, is it known why the magnetic cents are found PL sets and not the non-magnetic cents? Does anyone really know the rationale for having two different cent coins with a different alloy?
Edited by TheForce
03/06/2010 08:52 am
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Valued Member
Canada
386 Posts |
The Force,
That is a very good question. You would think with zinc being more more expensive than steel, that we should not be seeing copper plated zinc pennies anymore. Unless in the late 2009 and 2010 mint runs, they are using some non-magnetic material other than zinc that is cheaper than steel. I don't understand why the proof set penny is still using steel if the business strikes are not.
Off topic, my son's American penny collection gotten more complete since the last time we dicussed it. He has all the 1968-74 "S" except 1973S and has gotten 6 of the eight 2009 Lincoln centinial pennies. The box I got from a northern New York bank really helped.
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Valued Member
Canada
200 Posts |
The uncirculated sets (and proof and specimen sets) are put together a couple of months before Jan 1. They have a limited mintage number. I assume they were still using steel for the business strikes in Oct-Nov 2009. The other "gift" sets for 2010 have an unlimited mintage and are made as demanded. All of these that I have checked have a non-magnetic cent. I'm just be guessing but I'd say that the RCM would use zinc planchets if they had to free up space in their plating line. The copper plated zinc planchets come from Jardin in the States - time is money! |
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Pillar of the Community
United States
4870 Posts |
From the reports of the findings in this thread it would seem the non-magnetic cents are more common than the magnetic cents.
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Pillar of the Community
Canada
838 Posts |
I am suspect of the mintage numbers, especially for the 2006P cent (around 200,000) and the 2007 zinc (apparently nearly 10 million).
From reports I've heard, the 2006P seems far more plentiful than 200,000. I am actually guessing the 200,000 figure somehow includes the elusive magnetic, no logo, no P variety.
And I'd find it hard to believe there are 10 million zinc 2007s when my only example after thousands searched is from my PL set! How many people have found 2007 zinc in nature -- just curious!?
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Valued Member
Canada
386 Posts |
bibd,
I think the 2006P mintage number is OK (200,000).
Assuming there is 20 billion pennies in circulation, you should see one 2006P in every $100 worth of pennies.
That is the ratio (more or less) I have been seeing.
I agree with you on the 2007RCM (non-magnetic) numbers.
They seem over inflated. I have yet to see one in circulation and I have searched hundreds of thousands of pennies. I should have found 50 x 2007 non-magnetics for every 2006P I have found. I think either Charlton reported 9.6 million erroneously or they are found in certain population pockets in Canada (depending on when they were shipped to the banks).
Edited by 1945V
03/06/2010 3:46 pm
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Pillar of the Community
Canada
838 Posts |
Yeah you may be right about the 2006P (I've never found any).
Still no 2009 zinc here either, but today I picked up 40 rolls and scored a 2006 magnetic no P, no logo (my first ever)!
I'm so happy with the 2006 that I can wait on the 2009 zinc now!
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Posted 03/04/2010 5:31 pm
