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Looking For A 2006-P Non Magnetic Cent

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Penny4Me's Avatar
United States
745 Posts
 Posted 09/21/2011  11:45 am  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
R9 is Back for more, expect big prices on both 65 & 66
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bibd's Avatar
Canada
838 Posts
 Posted 09/21/2011  12:32 pm  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply

Quote:
Someone needs to set trends straight. I tried. They don't go by ebay sales. So then where else are these selling ?


Trends would rather invent an imaginary price than use E-Bay realized prices. Pathetic!
Edited by bibd
09/21/2011 12:32 pm
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bibd's Avatar
Canada
838 Posts
 Posted 09/21/2011  12:37 pm  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
I was just thinking... some of the Americans on this forum must be wondering what all the fuss is. They have billions of these, minted in Philadelphia and non-magnetic!

I even have one!

Looking-For-A-2006-P-Non-Magnetic-Cent
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littlemoney's Avatar
Canada
902 Posts
 Posted 09/21/2011  1:00 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
I have one of those too bibd & it looks at least as good as your's
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Penny4Me's Avatar
United States
745 Posts
 Posted 09/21/2011  2:02 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
I read somewhere that your RCM has got penny blanks from US, I wish it was the opposite so I can start looking for Magnetic US cents
New Member
Canada
48 Posts
 Posted 09/21/2011  8:30 pm  Show Profile   Bookmark this reply Add numismateer to your friends list Get a Link to this Reply
It would seem to me that if these are non magnetic because they were struck on American Non-mag planchets, there then would be a bunch of these somewhere. If there were only a hand full of blanks in the hopper by accident, the odds of finding them out of a relatively low mintage of 800 million would be near impossible, let alone a bunch of mintstate ones. my prediction is that big bucks will be paid for the guys who want them, and when supply exceeds demand the price will establish properly.
We saw the same thing with a recent $10 note of a very low printed prefix. Then someone came out with a serial number 40,000 higher than the known range, quickly making it become a $200 note instead of $3000.
Maybe those of you with at least one non-mag should not throw big bucks into more.
People loosing money is not good for the hobby, turns them off.
just a thought.
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Penny4Me's Avatar
United States
745 Posts
 Posted 09/21/2011  9:22 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
Hey DD, on your ms65... Reserve is still not met with Current bid at $1,500.00, I hope Reserve is not too far away because the buyers/bidders may start to give up and just go for the ms66 with No Reserve. if your Reserve is $2000 then it probaly will not sell. I reallly hate bidding on items with a Reserve... it takes the fun out of bidding against others and usually just give up bidding because it feels like a waste of time never reaching Reserve price. If Reserve is not too far away, why don't you show this price in item; there is no rule that says you can't tell buyers the Reserve price and it will get your bidders to increase $$$ on item. This is just a suggestion if you want this coin to sell.

Good move I just got email from ebay on price change.

Edited by Penny4Me
09/21/2011 9:56 pm
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bibd's Avatar
Canada
838 Posts
 Posted 09/21/2011  10:31 pm  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply
numismateer: You may already know this, but non-magnetic 2006 Canadian cents are dime-a-dozen. The RCM orders truckloads of American-style Copper-Zinc blanks.

What makes this one rare is that it's marked with a "P", which means it *should* be magnetic. So this is a mint error.

Absolutely... what happened is that the hopper had a few stray non-mags in it when the "P" run began. Likewise, there were a few (more) mags when the "no P" run began. I am convinced the mintage for both is reasonably low, and the mintage for the former is exceptionally low (<1000 for sure).

Here's a relevant question: does anyone remember 2005 cents? The "P" mintage was much lower than the "no P" mintage. Did the "no P" run conclude the year 2005? If so, our 2006 P non-magnetics may have been among the very first struck with the 2006 date. I wonder about this because the first mint sets for 2006 came out with a "P".

More generally, I wonder if anyone has looked for composition varieites pre-2006. Are there magnetic no P, or non-magnetic P floating around, yet to be discovered? There's no good reason 2006 is the only year it happened!

I've taken a magnet to a few "suspicious-looking" 2004 and 2005 cents, but they never defy their mint labelling. I'd bet dollars to donuts that they messed up at least one strike in any of 2001-2005.

By the way, does anyone want to give me $2K for my 2006 American cent? Hello? echo... ?
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SPP-Ottawa's Avatar
Canada
10464 Posts
 Posted 09/21/2011  10:52 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

Quote:
...what happened is that the hopper had a few stray non-mags in it when the "P" run began. Likewise, there were a few (more) mags when the "no P" run began.


I would challenge that theory because:

- if you take that point to its logical conclusion, then we should see similar errors (or mules) for 1c coins dated 2001 to 2005 as well. We should also see it for the 2006 5c strikes. But, we don't (or at least none have been found/documented to date).

- all the 2006P non-magnetic coins known to date are in mint-state condition. Most that have been found, were often found several within a single roll. To date, NONE have been found by the countless coin roll hunters of circulation cents and other collectors. I find that very odd, that if it was entirely accidental, none slipped through the fingers of numismatists to general circulation (like the 1c 1955 NSF or the 5c 1954 NSF). But, I could be convinced that a mint employee threw a handful of planchets into the other bin, I doubt it was an accident...
"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

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Penny4Me's Avatar
United States
745 Posts
 Posted 09/21/2011  11:02 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
does RCM still have 2 locations... Winnipeg & Ottawa.
i thought maybe P was made at Winnipeg & No P at Ottawa, because of the 2003 WP Cent.
I too just started checking the 2001-2005 cents for any Mag/Non-Mag errors, it is strange that both error cents were in 2006 only. I think too that the 2006p error was on a 2005 Non-Mag blank. WOW that would really be cool if 2003 error shows up since 5 types were made with WP, No Crown No p/ p & Old Crown No p/ p. Heck I better go get my magnet and check that 2003 WP...
Edited by Penny4Me
09/21/2011 11:03 pm
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Penny4Me's Avatar
United States
745 Posts
 Posted 09/21/2011  11:08 pm  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
By the way, I got an unopen/unseached brand new 50 roll box of 2006 p American cent.
what is funny is that our bank system here in Detriot area released many 2006 p boxes in 2009.
they sat in back of vault for 3 years!
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Canada
48 Posts
 Posted 09/21/2011  11:40 pm  Show Profile   Bookmark this reply Add numismateer to your friends list Get a Link to this Reply
P4Me...exactly, 3 years later a storage-room batch of non-mag P's could pop out.

I still think it was a small production run.
A handful of wrong planchets thrown in would never be found, UNLESS they were done and tracked on purpose. It's virtually impossible to strike "just a few"
on the business strike machines, they operate at blinding speed.


So, what we have here is either:
A)a back-door job, of which there may be a few to a couple rolls more, or
B)a small production run (say a few boxes)that may or may not get discovered.

A couple wrong planchet cents probably DO exist from 2001-2005 but haven't been found yet. Someone might find one years to come in EF. A story like that is more believable.
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bibd's Avatar
Canada
838 Posts
 Posted 09/22/2011  01:10 am  Show Profile   Bookmark this reply Add bibd to your friends list Get a Link to this Reply

Quote:
if you take that point to its logical conclusion...


Yes, I did take it to exactly that conclusion a few lines further in my post.

Obviously, there were wrong planchets in the hopper at some point. Whether it was at the start or end of the run, or intentional somehow, I admit I don't know. The error occurring in transition from 2005 to 2006, or 2006 plain to 2006-P, is my best guess.

Like you, SPP, I have observed the Mint State population of these coins, and get very confused. I initially thought this meant the error was mainly showing up in PL sets only. After all, 2006-P coins are quite hard to find in circulation, magnetic or not! The easiest way to get one (magnetic, anyway) is to buy a PL set!

As someone said earlier... yes, the saga continues!

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darryldarryl's Avatar
Canada
2428 Posts
 Posted 09/22/2011  06:39 am  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
Good point Penny4Me... I will mention that later today. The reserve was at $1700 as you may have guessed already however I took it down to $1501 last night. Originally I was going to put it at $1400. Lets see what happens! The bidders are quiet at the moment on both coins that are listed.
Edited by darryldarryl
09/22/2011 09:29 am
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Penny4Me's Avatar
United States
745 Posts
 Posted 09/22/2011  10:31 am  Show Profile   Bookmark this reply Add Penny4Me to your friends list Get a Link to this Reply
i was 99% sure first reserve was at $1700,
good news now the ms66 is higher that ms65 price with r9 in lead AGAIN!
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