Info On The Canadian Cent - Coin Community Forum

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Author	Replies: 5 / Views: 1,377
Broseph Pillar of the Community United States 979 Posts	Posted 01/21/2013 11:45 pm I just had a friend bring me back $25 in pennies from Canada (I live in NY and my school buddy lives up north in CA). First off, is it a good idea to hoard some CA cents? I mean, the are going to be removed from circulation... does that mean melted? Will they maybe be worth something down the road? Or will they be worth only the metal that comprises them? I'm thinking of having him get me some more. Feb 4th they will be unavailable to the public, right? Also, in hunting through these, what error/varieties does one look for? Currently, when I get CA cents I just separate them by year. Thanks for any help! Report this Post to the Staff

Amaths Pillar of the Community Canada 572 Posts	Posted 01/22/2013 12:55 am This topic has been briefly revisited recently: https://goccf.com/t/137512 There are other threads alike. I'm no expert on pennies. But if you are able to find a 2006 no P no logo magnetic, it would worth your while. Report this Post to the Staff
Ravenzcoin Valued Member Canada 300 Posts	Posted 01/22/2013 01:37 am Broseph, This article is about the best I've seen: http://www.obj.ca/Canada%20-%20Worl...se-pennies/1 I note a spokesman from RBC says they will stop giving them out on the fourth of February. I expect the other banks will do the same. As far as sources for for learning about errors & varieties, this link lists a few: http://www.coinsandcanada.com/shop.php This whole website is informative. Hope this helps a little. Cheers, Rob Report this Post to the Staff
Anjohl Pillar of the Community Canada 815 Posts	Posted 01/22/2013 02:41 am I doubt they will ever allow legal melting of the Penny. Report this Post to the Staff
Broseph Pillar of the Community United States 979 Posts	Posted 01/22/2013 10:24 am Thanks for the info! It seems they will be melting them most likely, from what that article says, yet fining people who melt them! looks like they really want that metal back... What will happen when people try to take pennies to banks? Will they no longer accept them? And stores? And to Anjohl, that article states that it will still be illegal for people to melt cents, only the gov will be able to. Report this Post to the Staff
coin_games Valued Member Canada 319 Posts	Posted 01/22/2013 2:43 pm I can see many stores refusing pennies after February 4th, but I thought there was a grace period of 1 or 2 years before they would no longer be accepted. CoinStar and other change machines would still accept unless they are calibrated not too. Report this Post to the Staff
	Replies: 5 / Views: 1,377

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