The Royal Canadian Mint's high-speed manufacturing facility in Winnipeg, Finance Minister Jim Flaherty struck the last penny to be produced for Canadian circulation.
They should have had a ICCS grader there, put a pillow under it when it landed graded it and immediately,then put it in an airtite. At least he was wearing gloves.
The cheap plinking sound is also a sign of the times. It is symbolic of the value of a cent today. "Plink" Someday all coins will be made only for collectors I predict.
It's NOT the last Canadian penny intended for circulation! As the video said, it is intended to display it in a museum.
It may be the last penny produced, it may not. I think it may be possible that the last penny to be produced for collectors may still yet to be produced, sometime in the future.
That happened in Australia, when a One cent was produced for collectors, many years after the last Cent was released into circulation. One Cent and Two Cent coins have not circulated in Australia for some years now.
Which brings me to a question: Where is the last Canadian penny that was / will actually be released into circulation?
Right, I think they meant the last penny produced for circulation.
They aren't demonetizing the cent. So, they will always be legal tender. But, eventually merchants and banks will stop accepting them, turning them into NCLT.
It will be interesting to see what the collector cents are made of next year. In the video they make reference to collectors, so it seems clear they intend to continue having them for collectors. Either copper, bronze, or US-sourced plated zinc blanks. I doubt whether the mint's steel plated tech makes economic sense except on a mass scale.
How about a definitive (with standard designs only) Canadian type set, with all of the denominations struck in gold?
Have a production of less than 500 sets. Do the same thing in silver, with a few thousand sets struck. Do the same thing in bronze, with a few hundred thousand sets struck.
Call THAT a commemoration of the last Cent struck.
What I saw was that at least one million of 2012 pennies are produced, which doesn't make it rare. However, the magnetic ones seem more common than the non magnetic ones.
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Posted 05/10/2012 4:03 pm
