Should We Hoard Canadian Pennies?

I've travelled to several countries over the years and there aren't very many that use coins as currency anymore. It seems reasonable to assume that Canada will remove the nickel, then the dime and so on as time marches on (Probably sooner than we suspect :).

Hope I'm not violating any rules by mentioning (124) Not Allowed - Auto-Removed .com, that is my guide for copper and nickel coinage. I remove them before it is all steel plated or discontinued. Just pocket change though, have a couple of coffee cans worth of pennies, nickels, dimes and quarters...as long as they are copper/zinc or nickel.

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).