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 Replies: 16 / Views: 4,399 |
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Pillar of the Community
Canada
3167 Posts |
Almost makes me cry  (Okay, it does) Someone is going to be unhappy when they loose $6,000 on what they probably thought would be an investment. Why would the serial number give people a reason to pay so much of price for it? http://www.ebay.com/itm/2012-CANADA...047675.l2557 |
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Pillar of the Community
United States
4212 Posts |
Without a doubt, if the same were to happen in the States, you'd see REALLY big $$$. I'm sure, down the road it'll be worth it, but for now it just appears silly. I cant check out links, but where does the serial# come from?
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Pillar of the Community
United States
1388 Posts |
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Moderator
 United States
23522 Posts |
Quote:
I cant check out links, but where does the serial# come from?
Straight from the Royal Canadian Mint - it's what they've certified as the very last Cents they'll ever issue. Me? I think the price was on the low side. |
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Pillar of the Community
United States
2543 Posts |
Begs the question.......... how does skip_da_line who deals in coins, software, scalping tickets, cancelled stamps etc..etc.....etc......... get a hold of the last roll of the last million pennies ever going to be minted.
Just dumb luck ?
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Pillar of the Community
Canada
5324 Posts |
this is not the last roll minted, the new buyer believes it is or he wouldnt bid that much. The RCM did a great disservice by taking 20000 regular rolls placing a missleading wrapper infering last penny roll carefully saying distributed which has no nuministic value, this confusion created this amazing auction. What is next, the RCM taking 20000 2012 pennies put in a clamshell, coa and hologram as the last 20000 pennies distributed and sell them for 99.00 each. goodluck to the orginal owner he got max value for a 50 cent item. |
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Pillar of the Community
 Canada
3167 Posts |
Just like john said, they were probably all throw into one big hopper and then rolled up in the super-expensive paper.
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Pillar of the Community
United States
1211 Posts |
Anyone else as lost as I am?
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Pillar of the Community
Canada
3167 Posts |
The coins in that roll probably aren't really the last 50 pennies ever, ever struck by the mint. They were all mixed together, and then rolled into wrappers with numbers on them.
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Pillar of the Community
United States
2543 Posts |
But serial number 20,000 on the roll, indicates to all future generations , that this is the very last roll off the presses. Doesn't it?  |
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Valued Member
Australia
491 Posts |
The buyer needed to be CCF member and asked for an answer about this lot before they bid $6,600.
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Pillar of the Community
Canada
5324 Posts |
the RCM just wrapped 20000 rolls of regular pennies with a special serialize # on it as the last rolls of pennies distributed by the RCM, not the last production for 9.95 a roll. The wrapper is missleading and this person bought #20000 for 6500.00 on ebay. The last penny produced is already in the National Currency museum. If this was the last production roll yes it would be worth much more than 6500.00 but surely it would be in the museum too. |
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Pillar of the Community
United States
2543 Posts |
Quote:the RCM just wrapped 20000 rolls of regular pennies with a special serialize # on it as the last rolls of pennies distributed by the RCM Don't want to question your facts John, because I am sure you are far more knowledgeable than I, about things Canadian, but just for FYI sake. Is that a known fact, they just took regular pennies, possibly from last Feb. , stuck 20,000 serial numbers on the rolls and called them the last million pennies ? |
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Pillar of the Community
Canada
5324 Posts |
the RCM is very carefull in wording on the wrapper just look at the ebay sale or the RCM website it says farewell to penny last rolls distributed. It would have been just as easy to say last rolls produced. There is a chance last roll is in the hands of a dealer or collector all the boxes of pennies are production and date coded, This was just a clever ploy to sell 50 cents for 10.00 |
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Pillar of the Community
Canada
3167 Posts |
Yup, couldn't have put it better myself.
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Valued Member
United States
108 Posts |
In the RCM's Media Room News release for February 5, 2013, it states: Quote:the Royal Canadian Mint is marking the end of an era with special rolls made from the last million pennies made for distribution .... The last million coins produced for distribution at the Mint's Winnipeg facility in the spring of 2012 were set aside to create 20,000 of rolls of 50 coins each, packaged in a commemorative wrap and sealed with a holographic label. |
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Replies: 16 / Views: 4,399 |
Posted 03/04/2013 1:43 pm
