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2006-P Non Magnetic

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swrbxxx's Avatar
Canada
834 Posts
 Posted 03/25/2012  6:56 pm Show Profile   Bookmark this topic Add swrbxxx to your friends list Get a Link to this Message Number of Subscribers
Seems like another one has made it's way to auction

http://www.ebay.com/itm/28085261760...t_500wt_1357

With a Best offer button. Though I have been told the seller will sell outside of ebay to a CCF member ;)
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darryldarryl's Avatar
Canada
2427 Posts
 Posted 03/25/2012  7:57 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
Go get em!
Let me know if you get any offers.
You can email me if you want.
Pillar of the Community
Canada
1984 Posts
 Posted 03/26/2012  1:14 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
I am guessing from the certification number that this was one fo the same coins that was part of the 8 sold last year? Hope the sale goes well!
Edited by Smallcentguy
03/26/2012 1:18 pm
Pillar of the Community
swrbxxx's Avatar
Canada
834 Posts
 Posted 03/26/2012  2:08 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
It is part of that group of 8, got it in a trade from larylary. I'm just testing the waters to see if I get any offers for this.
Valued Member
Canada
50 Posts
 Posted 03/26/2012  4:04 pm  Show Profile   Bookmark this reply Add Vance to your friends list Get a Link to this Reply
Good afternoon!

Ok...look...

Has anyone found one of these in circulation? ICCS (2011) shows all 77 are all MS, and 0 in circulated condition.

Hmmm...Ill be looking forward to the new ICCS pop report.

There appears to be a resonable explanation for this, if anyone is brave enough to state it.

Vance
Pillar of the Community
darryldarryl's Avatar
Canada
2427 Posts
 Posted 03/26/2012  4:24 pm  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
Welcome to the forum Vance.
You seem like a smart individual. Let us know if you solve the mystery before we do.
Pillar of the Community
Canada
1984 Posts
 Posted 03/26/2012  8:44 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
There was speculation about the explanation for this error in earlier posts.

BTW, I see the 2012 ICCS report listed on ebay but I asked the fellows at ICCS a couple of weeks back about it and they said it wasn't ready.... Does anyone have a 2012 ICCS population report yet? Anyone know the new population on this coin?
Edited by Smallcentguy
03/26/2012 11:28 pm
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kuh_85's Avatar
Canada
2366 Posts
 Posted 03/26/2012  11:15 pm  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
Sorry, new to the conversation on this subject. coinsandcanada.com lists the 2006P non-magnetic for $100 @ MS 60 up to $850 @ MS66 which seems only slightly higher than the prices for the 2006 Magnetic? Are they way off base on this or something?
Pillar of the Community
Canada
1984 Posts
 Posted 03/26/2012  11:25 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
Those prices were likely set some months ago. Until a few months ago, almost none of these coins had traded at auction, on ebay or in any public manner. So those prices were really only a conjecture. A few months back a single seller put 8 coins up for sale. Several were sold publicly. They ranged in price from about $1200 to higher levels. I suspect that of those 8, probably half or more are "locked away". After that seller sold, no new coins have emerged for sale.
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darryldarryl's Avatar
Canada
2427 Posts
 Posted 03/27/2012  08:25 am  Show Profile   Bookmark this reply Add darryldarryl to your friends list Get a Link to this Reply
The only ones we see for sale are from the original eight that the original seller(Pierre) once owned.
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swrbxxx's Avatar
Canada
834 Posts
 Posted 03/27/2012  09:00 am  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
I wish there was some sort of guesstimate on how many of these were produced
233,000 of the P pennies were struck, so of those how many were non-magnetic
10% would be 23,300
1% would be 2,330

If it was either of these numbers I think we would see alot more on ebay, torex and other auctions
I wish the RCM rep would chime in lol we need answers!
Until then I'm sticking with my thought that this was a backdoor job
Valued Member
Saint Ninian's Avatar
Canada
95 Posts
 Posted 03/27/2012  4:28 pm  Show Profile   Bookmark this reply Add Saint Ninian to your friends list Get a Link to this Reply
I have a non magnetic 2006 penny here without a P. I realize that this can't be what you're talking about. Is there any chance that someone could post a pic. of both sides of this coin? The one on ebay is too snall to read.
I look forward to watching this thread to find out what the desired coin looks like up close.
Thanks if anyone answers.
Pillar of the Community
Canada
1984 Posts
 Posted 03/27/2012  6:22 pm  Show Profile   Bookmark this reply Add Smallcentguy to your friends list Get a Link to this Reply
It looks the same as any 2006P cent. The mint rep did speak on an earlier thread. He/she said that the mint was authorized to use either blank in 2006. As far as they are concerned it is not an "error" but an allowed coin that for whatever reason is very scarce. I bet either a back door job or maybe some planchets got mixed in the wrong bucket by mistake.
Valued Member
Saint Ninian's Avatar
Canada
95 Posts
 Posted 03/27/2012  7:13 pm  Show Profile   Bookmark this reply Add Saint Ninian to your friends list Get a Link to this Reply
Thank you, Smallcentguy. Is there a way I can access the mint rep's posts? Does he have a username, perhaps?
I really appreciate your help.
New Member
Canada
48 Posts
 Posted 03/27/2012  8:44 pm  Show Profile   Bookmark this reply Add numismateer to your friends list Get a Link to this Reply
I'm not sure how a coin with a pop of at least 77, all in mintstate, could be worth $1600+.
I have older coins with a pop of 5 that are worth less.
If a few planchets fell in the bucket accidentally, no one would ever find them mixed in the millions made.
Either there are more out there, or they are back door jobs.
I hope for the investors sake, someone doesn't find a couple rolls of these.
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SPP-Ottawa's Avatar
Canada
10460 Posts
 Posted 03/27/2012  8:54 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
Numismateer, that is why I have not rushed out and bought one yet. But, like the 1954 NSF PL cent, which you can find at any coin show, I think the hype will keep the price inflated, despite increased numbers or decreased demand.
"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

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