Do Pennies In Canada? - Coin Community Forum

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Author	Replies: 7 / Views: 1,587
greenprint Valued Member United States 477 Posts	Posted 07/24/2012 02:20 am like... sense they are no longer minting the penny or whatever can you just go into a bank and ask for like a couple hundred in pennies because they are trying to get rid of them or liek what? Report this Post to the Staff

ErrorCoins222 Pillar of the Community United States 1699 Posts	Posted 07/24/2012 02:59 am You will no doubt have to exchange money for them, they are not giving them away. Is this part of your get rich quick thing? Report this Post to the Staff
Double J Valued Member Canada 409 Posts	Posted 07/24/2012 08:06 am The penny will continue to be in circulation and I still go to get a case every so often. They just stopped making them. Report this Post to the Staff
CWS Valued Member United States 125 Posts	Posted 07/24/2012 09:27 am I really hope that banks in Canada won't refuse to distribute pennies they have on hand once we get to September. I think they won't be able to order them anymore. But it will really be terrible if they also refuse to recirculate the returns to other customers. I will not be surprised to see the percent of copper in circulation drop dramatically towards the end of the 2012 calendar year. Which is sad because my Canadian penny collection is hurting. Report this Post to the Staff
Wade Pillar of the Community Canada 2781 Posts	Posted 07/26/2012 10:56 pm i remember reading somewhere that as part of the RCM alloy recovery program that banks will be sending pennies back to the mint. could be wrong but it makes sense Report this Post to the Staff
Petersun Pillar of the Community Canada 1700 Posts	Posted 07/27/2012 5:49 pm How about pennies in Australia? Report this Post to the Staff
Double J Valued Member Canada 409 Posts	Posted 08/06/2012 2:51 pm Wade, I've read that on this forum somewhere as well. The last I read was it will be in February now. Not sure howw true it is. I was always under the impression that they were just not making them anymore and can still use them until they're gone. Report this Post to the Staff
pennysaver Pillar of the Community Canada 937 Posts	Posted 08/10/2012 8:38 pm Yep, it's true, Double J. As of February the Canadian banks will begin to pull the pennies from circulation. I think the penny will still be around for the next few years, but in fewer and fewer quantities, until the average joe mistakenly falls under the assumption that each and every one he sees is worth a fortune and begins to hoard what's left -- and that'll put the kibosh on pennies in your pocket change for good, at least here in Canada. Report this Post to the Staff
	Replies: 7 / Views: 1,587

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