Phasing Out Canadian Cent - Coin Community Forum

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Author	Replies: 7 / Views: 1,351
madzdad71 Valued Member United States 377 Posts	Posted 02/05/2013 3:08 pm With the Canadian cents being phased out, will that increase or decrease the values of collectable Canadian cents? Report this Post to the Staff

inventor719 Valued Member Canada 189 Posts	Posted 02/05/2013 3:17 pm I think that it will increase the value but, over a long period of time. Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 02/05/2013 6:50 pm it will take forever to figure out, they are still trying to figure out the damage done by all the silver coins that went to be melted in the 1980's, when silver hit 50$ an ounce. Report this Post to the Staff
Penny4Me Pillar of the Community United States 745 Posts	Posted 02/05/2013 7:51 pm I think most of the US silver coins that went to be melted in the 1980's, were minted in early 1960's. I had a hard time finding a US 1963 dime last year Report this Post to the Staff
RoyalSilver Pillar of the Community Canada 933 Posts	Posted 02/05/2013 8:58 pm Hard to say, as the mintage will never change, thus making most pennies far from rare. However since no one can ever tell how many got melted and for what year, It will be too risky (and impossible) to guess, therefore, the only true value will be determined by mintage and of course condition. Perhaps over a few decades, they may increase slightly in value, as more info becomes available Report this Post to the Staff
Wade Pillar of the Community Canada 2781 Posts	Posted 02/05/2013 9:03 pm pennies that command a premium now will command a premium in the future, everything else will be worth a penny. Report this Post to the Staff
dialog_gvf Pillar of the Community Canada 1581 Posts	Posted 02/05/2013 10:44 pm Hard to say. It is supply AND demand. If the denomination starts to see reduced collecting rates, then the prices can stagnate or fall. Look at large cents, silver five cents and the entire Newfoundland series. The lack of young people who will be starting a penny collection from change can't be ignored. Report this Post to the Staff
pimpim Valued Member Canada 111 Posts	Posted 02/05/2013 10:57 pm I see a lot of people hoarding it. It doesn't cost a lot to keep. Out of 35 billions, how many will be left in ten years? 1 billion? 2 billions? Who knows but I don't think it will be scarce for a century or two. Report this Post to the Staff
	Replies: 7 / Views: 1,351

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