Plenty Of Time To Get All The Canada Penny Rolls You Want.

That's good to know. Thanks.

What do you mean by that? I don't quit understand what your saying, the Fed is not recovering copper?

To my knowledge the Fed is not culling coppers from circulation. I have heard people suggest this, but I'm not convinced it's happening yet.

Sometime in February (originally August) businesses and banks will be required to return all pennies to the Canadian Mint for melting of their materials. Since money is all dealt with electronically these days they will likely just replace the coins with digital dollars in bank accounts. All pennies in circulation held by banks and businesses will be destroyed. They are doing exactly what they did with silver coins in the 1970s. Most Canadian Maple Leafs are still being made from the recycled silver from the Canadian dimes, quarters, half dollars and dollars returned to the mint for melting.

This will greatly reduce the number available to circulation and make the totals minted over the years mean nothing. Like all of the Canadian silver coins now all of a sudden there will now be no way of knowing the real total amount Pennies available for certain dates. Because many will be melted by the Canadian Mint.

Common pennies will only increase in value as copper increases in price like all the common silver coins still have a low numismatic value but only have increased in actual value because of silver's rise in price. A real numismatist won't touch a common silver coin now knowing they are way over valued.

Will they continue to make cents in proof sets?

It has to be assumed that there won't be any pennies made in proof sets as the penny will completely no longer be distributed by the RCM. The Canadian Mint fired all 5000 employees that were responsible for making the penny.

Eventually even the common dates will become less common. I'm not going to sell my current collection anytime soon.

With all those in circulation being destroyed it could take just 5-10 years before those that were kept in mint condition are sought out by collectors and worth maybe $5-$10 a coin. Those in circulated would be worth a lot less as people have said they kept buckets full.