Should We Hoard Canadian Pennies?

However, the RCM minted millions of them and many have been saved. The situation is similar to the 2009-P nickel and the Lincoln Presidential cent of late 2009 down here in the States. It seems like most of them were pulled from circulation as soon as they were issued and the hoarders are selling them at a premium.

I want at least one box but my problem is that I live in Florida and I only want to pay face value for them I don't want to spend double on them like how they are on ebay. I guess I'm going to have to try and find a box at a coin show.

Most of the time I can tell by the overall appearance ;) I wouldn't like to be without my magnet though, and I double check every penny for which there might be reason, even if I'm sure which type it is.

I guess the different planchet types respond differently to either the plating or striking processes, or both. It's hard to describe the differences in appearance, but test enough of them with a magnet and you'll notice the differences. One of the most common penny types I check magnetically is the 2006 no logo no P. Every one I've tested so far has been non-magnetic, but I also haven't been surprised. I'm guessing when/if I finally do find a magnetic 2006 no logo no P, I'll have a pretty good idea that it's magnetic before testing it.

i went through a box of u.s pennies this week hoping to find canadien pennies... and I found around 15 or 16. better than nuthin!

I have 30 boxes arranged to arrive this month.

Should keep my son and I busy for a year or so.

Yeah, cdn pennies. 15 boxes from my branch (5/week)then I have three other relatives who have agreed to obtain 5 boxes each from their branches.

Normally we'd grab a box per week to CRH and have built a good relationship with the staff. When I was last there, they were out so I discussed the upcoming deadline (Feb 4) and if I could make a bulk order. We agreed that 5 boxes on each of the next 3 fridays would work well for both of us.

The last two boxes we obtained were full of mint wrapped 2012's (mostly magnetic).

Last Spring my favorite local coin dealer showed me a hoard of unsorted Canadian mostly pocket change plus circulation pulls that he just wanted 'off his desk'. Included were ~100 rolls of pennies from the 1920's up to the late 1980's. The total price was 80% of face. It was ~50 pounds of metal that I had trouble lifting. I questioned my sanity at the time, but now it seems like a prescient purchase. Thanks to the information you folks are posting, I will have at least a rudimentary idea of what to look for whenever I find the time to search this mess.

should we save all old pennies?

Of course, that's what we do here.

all it takes is space to store them, the cost is negligible.

you never know when you may want tomorrow what you set aside today