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 Replies: 48 / Views: 7,822 |
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Valued Member
Canada
73 Posts |
I'm just wondering if I should keep all the Canadian pennies I get because the government is going to ask banks to return and melt them starting Feb. 4?
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Valued Member
Canada
386 Posts |
It would be a good idea to start tossing them all into a big penny jar as you accumulate them. I think pennies will remain in circulation for at least another 3-5 years, before they become a rare sight.
The last time the Canadian government retired coins from circulation (i.e. pre-1921 large cents and pre-1922 silver 5 cents), they remained in circulation till the 1940's according to the old timers.
Edited by 1945V
12/31/2012 10:45 am
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Valued Member
 Canada
73 Posts |
Thanks a lot 1945v :) thats what I'm going to start doing now! Except I think I would be easier to roll them up and put them in boxes for easier storage and handling.
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Valued Member
Canada
386 Posts |
 to the forum. If you are going to roll them, you might as well separate them in the following categories 1) 1997 to 2012: (copper plated zinc or steel) 2) 1996 and before (solid copper). These are worth 2.5 cents each. 3) You might consider separating out a third pile for the rarer pre-1965 pennies.(small queen heads and kings) 4) And of course there are the varieties as well. You can get more information in the following link: http://www.coinsandcanada.com/coins-prices.phpEdited by 1945V
12/31/2012 12:02 pm
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Pillar of the Community
United States
3345 Posts |
Yes we should hoard them. I know a lot of other people will be doing it. Think of all the semi rarities they will destroy that we dont even know about yet!
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Valued Member
Canada
73 Posts |
Wow thanks guys! :-) I will be hoarding them in case some semi-rare/rare variety of pennies are discovered in the future. I like to think of it as if our parents/grandparents hoarded all the silver coins in the sixties,wad then passed it on, we would be sitting in silver right now! So I think we should do the same for our kids and grandchildren who might never get to see a canadian penny! :)
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Valued Member
Canada
173 Posts |
they are only going to get more rare once they are smelted. Does the Mint keep track of which ones they smelt?
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Valued Member
Canada
156 Posts |
I plan to put away 10 boxes or so worth on top of my current copper hoard which is somewhere in the range of 100 pounds.
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Valued Member
Canada
73 Posts |
I dont think theyll keep track because there are billions of pennies waiting to be smelted.
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Valued Member
Canada
263 Posts |
I have been hoarding copper for over a year now, 2 boxes every week...Hot rate is usually 35-45%...Going to be quiet without my pennies :(
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Valued Member
Canada
73 Posts |
I just started hunting pennies.... Now they stop the pennies....... I'm just wondering if you guys seperate your 2012 pennies from the rest?
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Valued Member
Canada
263 Posts |
I dont only because I picked up a box from my bank. If I didnt have the box, I would probably look them over a bit more for high grades.
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Valued Member
Canada
73 Posts |
LUCKY! :) It seems with all the hoarding 2012 pemmies are actually somewhat rare in circulation, as I have found 1 in circulation and almost ten searching from two boxes of pennies.
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Pillar of the Community
Canada
3692 Posts |
@ccc: I get 2012s in my change all the time. It's rare if I don't. Although, there are two types: magnetic and non-magnetic. I don't keep track of that.
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Valued Member
Canada
73 Posts |
Wow.... Do you live near a calgary or ottawa?
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Pillar of the Community
Canada
610 Posts |
Same as Libertad.I get them all the time too.(Mag. and not)
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Replies: 48 / Views: 7,822 |
Posted 12/31/2012 10:55 am
