2006 Magnetic Penny? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 10 / Views: 8,929
Delareece Valued Member Canada 101 Posts	Posted 10/25/2012 11:05 pm Hey guys, Just a quick question for you this time. Reference Site: http://www.coinsandcanada.com/coins...nt-1965-2012 That above site claims there are 6 varieties of the 2006 Canadian Pennies. They are: 2006 - "P" - $0.01 AU50 2006 - Magnetic - $49.00 AU50 2006 - RCM Logo Magnetic - $0.01 AU50 2006 - Non Magnetic - $0.01 AU50 2006 - RCM Logo - $0.01 AU50 2006 - "P" Non Magnetic - $0.01 AU50 Recently while digging through some boxes I have not looked through in a long, LONG time, I discovered a Christmas Gift I received a few years back. This gift was a "2005/2006 Season Toronto Maple Leafs Gift Set". Basically, it's a 2006 mint set even including a 2006 50 cent piece. What makes it "Toronto Maple Leafs", is the TML quarter that comes with it. However cool the quarter is, this question pertains to the 2006 mint penny included in the set. My 2006 penny happens not to have the RCM Logo, has a "P" mint mark, but is also magnetic. So, my question is, how much is this penny worth? Under the "P" variety listed on the website... is it just assuming we know that they are magnetic? Ie. Is the magnetic penny worth $49, a penny with no mint mark of any kind? I hope this made sense, Thanks for all the help. Report this Post to the Staff

bibd Pillar of the Community Canada 838 Posts	Posted 10/25/2012 11:13 pm The "P" variety is "supposed to be" magnetic. This 2006P magnetic is actually worth a few bucks because these are scarce. The 2006P non-magnetic is worth a couple thousand! I think some of the ".01" you see on that site are just omissions. Here's my rough price guide for mid-MS examples. Rather than retail prices, these reflect what a knowledgeable and patient collector can hope to pay. Of course, all but one can be found in rolls. 2006 Zinc: $0.01 2006 Steel: $40 2006 P Steel: $5 2006 P Zinc: $2000 2006 L Steel: $0.01 2006 L Zinc: $0.05 Edited by bibd 10/25/2012 11:16 pm Report this Post to the Staff
EastVanRob Pillar of the Community Canada 617 Posts	Posted 10/26/2012 01:24 am Delareece asked: "Recently while digging through some boxes I have not looked through in a long, LONG time, I discovered a Christmas Gift I received a few years back. This gift was a "2005/2006 Season Toronto Maple Leafs Gift Set". Basically, it's a 2006 mint set even including a 2006 50 cent piece. What makes it "Toronto Maple Leafs", is the TML quarter that comes with it. However cool the quarter is, this question pertains to the 2006 mint penny included in the set. My 2006 penny happens not to have the RCM Logo, has a "P" mint mark, but is also magnetic. So, my question is, how much is this penny worth? Under the "P" variety listed on the website... is it just assuming we know that they are magnetic? Ie. Is the magnetic penny worth $49, a penny with no mint mark of any kind?" This would be a 2006P Magnetic Numismatic BU (ie from a set). Book values are as follows: MS64RD $8 MS65RD $10 MS66RD $15 MS67RD $40 In the real world, probably 25% to 40% of these prices. Circulation strikes are more valuable. Report this Post to the Staff
DBM Pillar of the Community Canada 9865 Posts	Posted 10/26/2012 01:29 am The P and the logo are not mintmarks "Dipping" is not considered cleaning... -from PCGS website Report this Post to the Staff
Delareece Valued Member Canada 101 Posts	Posted 10/27/2012 4:12 pm Perfect, that answered my question exactly. Thanks for all the help guys! Report this Post to the Staff
silverdan1967 New Member Canada 5 Posts	Posted 11/11/2012 9:56 pm why is 2005 "P" penny so hard to find ? Report this Post to the Staff
silverdan1967 New Member Canada 5 Posts	Posted 11/12/2012 6:31 pm was wondering if someone give me some info on why the 2005 "P" penny is so hard too locate ? Report this Post to the Staff
jakedacc Pillar of the Community Canada 1177 Posts	Posted 11/12/2012 6:43 pm 2005P - 30,525,000, the 2005P is obviously a lower mintage but so is the 2001P, 2000P and 1999P, as for the 2005P non magnetic, ask Bm0ney http://www.ebay.com/itm/Rare-Canada...em2324eb4a97 Report this Post to the Staff
Bm0ney Pillar of the Community Canada 1005 Posts	Posted 11/12/2012 7:38 pm to ccf silverdan. Like Jake said, There are 30,000,000 p's and 760,000,000 no p's 2005 circulating. Good chance the 2005 p are hoarded. The p magnetic are out there. Don't give up looking. Report this Post to the Staff
jakedacc Pillar of the Community Canada 1177 Posts	Posted 11/12/2012 8:20 pm i think I have a spare one Report this Post to the Staff
silverdan1967 New Member Canada 5 Posts	Posted 11/13/2012 9:58 pm i have found two 2005p pennies magnetic but have not seen many of them. Report this Post to the Staff
	Replies: 10 / Views: 8,929

To participate in the forum you must log in or register.

All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.34 seconds to rattle this change.