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Should We Hoard Canadian Pennies?

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Pillar of the Community
Canada
1723 Posts
 Posted 01/01/2013  11:07 am  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
When I started putting together my penny album, I pulled the copper of about 2 dozen boxes or so. I have only been keeping the coppers. I have searched about 4 dozen boxes(Hand sorted) to date. They have been sorted into 2 piles only...pre 1970 and post 1970. Although I'm thinking of trying to hold onto more non coppers and make some more albums. As it stands now, I have about 215 lbs of copper pennies (1996 - 1970) in hopes of a future investment gain of post 1970 and only about 35 rolls of pre 1970 ((1969 - older)not for a lack of trying to have more either.
Edited by samsnate
01/01/2013 11:11 am
Valued Member
canadiancoincollector's Avatar
Canada
73 Posts
 Posted 01/01/2013  11:20 am  Show Profile   Bookmark this reply Add canadiancoincollector to your friends list Get a Link to this Reply
When I coin roll hunt pennies I seperate them into 5 piles. The first one for 1982-1996, then 1980-1981, 1965-1979, 1953-1964, 1937-1952, and 2012& nicely toned and any rare varieties. The reason I don't have a pile for 1936 and older is because I have never found one before.
Valued Member
Hoop130's Avatar
Canada
333 Posts
 Posted 01/01/2013  1:36 pm  Show Profile   Bookmark this reply Add Hoop130 to your friends list Get a Link to this Reply
@1945V, thanks for info on sorting.
Pillar of the Community
Coin Chick's Avatar
Canada
1354 Posts
 Posted 01/01/2013  2:29 pm  Show Profile   Bookmark this reply Add Coin Chick to your friends list Get a Link to this Reply
I organize mine the following way...
1996-1982
1981-1980
1979-1960
Then for 1959 and earlier I put them in there individual rolls.
But like samsnate mentioned.. I think I'm going to keep non copper as well.
Valued Member
crazyforATB's Avatar
United States
449 Posts
 Posted 01/01/2013  5:43 pm  Show Profile   Bookmark this reply Add crazyforATB to your friends list Get a Link to this Reply
crap, I have always thrown my canadien pennies back into circulation, so they are going away? I guess I will start keeping them!
Valued Member
canadiancoincollector's Avatar
Canada
73 Posts
 Posted 01/01/2013  5:55 pm  Show Profile   Bookmark this reply Add canadiancoincollector to your friends list Get a Link to this Reply
CrazyforATB, on february fourth, the government is going to collect all the pennies and nelt them for their metals.
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canadiancoincollector's Avatar
Canada
73 Posts
 Posted 01/01/2013  5:56 pm  Show Profile   Bookmark this reply Add canadiancoincollector to your friends list Get a Link to this Reply
CrazyforATB, on february fourth, the government is going to collect all the pennies and nelt them for their metals.
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youngloonie's Avatar
Canada
173 Posts
 Posted 01/01/2013  6:22 pm  Show Profile   Bookmark this reply Add youngloonie to your friends list Get a Link to this Reply

Quote:
"215 lbs of copper pennies"
wow more copper than my brother in law has- and he is an electrician!
Pillar of the Community
SaintRidley's Avatar
United States
592 Posts
 Posted 01/01/2013  6:54 pm  Show Profile   Bookmark this reply Add SaintRidley to your friends list Get a Link to this Reply
As an American, I can honestly say I'd love to have an opportunity to obtain a box of Canadian pennies. At the moment I just have what I find in my rolls of American pennies. Hope I can get my hands on a 2012 Canadian penny or two (ideally one magnetic, one non-magnetic) in the future before they start disappearing to hoarders and Canadian smelters.
Pillar of the Community
Canada
1723 Posts
 Posted 01/01/2013  9:29 pm  Show Profile   Bookmark this reply Add samsnate to your friends list Get a Link to this Reply
Thats actually 215 lbs of copper pennies that I've pulled and put into jars. I also have a box of canadian 1960 -1969 rolls and a box of pre 1982 american. Not sure what I'm going to do with everything yet.
Valued Member
inventor719's Avatar
Canada
189 Posts
 Posted 01/02/2013  09:18 am  Show Profile   Bookmark this reply Add inventor719 to your friends list Get a Link to this Reply
You should try and keep the rarer circulation dates as they would become more valuable quicker. I keep all pre 1960, 1990, and 2012 pennies. The rest of them had too many minted so, it will be a while before they become rare.
Valued Member
OddCoins's Avatar
Canada
271 Posts
 Posted 01/02/2013  09:53 am  Show Profile   Bookmark this reply Add OddCoins to your friends list Get a Link to this Reply
If we hoard them, they will never be worth anything. But I suppose if we don't, there won't be any left...
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canadiancoincollector's Avatar
Canada
73 Posts
 Posted 01/02/2013  3:36 pm  Show Profile   Bookmark this reply Add canadiancoincollector to your friends list Get a Link to this Reply
Oddcoins has a point. I think everybody should have a collection or two of 1960-2012 pennies incase one of the dates become scarce.
New Member
wdpayne's Avatar
United States
38 Posts
 Posted 01/07/2013  1:25 pm  Show Profile   Bookmark this reply Add wdpayne to your friends list Get a Link to this Reply
*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***
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rmc's Avatar
Canada
478 Posts
 Posted 01/07/2013  2:08 pm  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply
I can't see the 2012 penny (magnetic or non-magnetic) ever being worth anything other than face value or the price of the material its made from. It has been hoarded by the case the moment it was produced
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