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 Replies: 13 / Views: 2,107 |
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Pillar of the Community
Canada
590 Posts |
We all know about the last 1 million pennies, but how many did they mint total?
In the past few years the mintages numbers were:
2009 - 455,680,000
2010 - 486,200,000
2011 - 662,750,000
I heard a rumor that 2012 was the least amount produced in many years, does that mean less than 100,000,000?
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Valued Member
Canada
348 Posts |
of course it will be the least amount produced in the last 4 years. they stopped production may 4th
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Valued Member
United States
212 Posts |
I read where the mintage numbers wont be released until this spring.
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Pillar of the Community
Canada
1581 Posts |
It could the least produced in many years while still being way over 100 mil.
The last time less than 100 million were made was 1960 (75.7 million)
The lowest in the last 25 years was 1990 at 218 million
Edited by dialog_gvf
03/10/2013 02:17 am
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Valued Member
Canada
161 Posts |
It did stop at May, but mint may produced them faster than normal after they knew the decision. In 2012 they made steel penny firstly then changed to zinc for the last months, probably want to used all the materials up.
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Pillar of the Community
Canada
1751 Posts |
According to the coin show guy, they started using leftover blanks from 2011 that were magnetic. Then they switched to the zinc blanks. He did not give a finial Mintage , he talked lots about the pennies significance and projected future value. Rox
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Pillar of the Community
Canada
5324 Posts |
even if the mintage is below 70 million that is still a wack of hoarded coins. How can they be worth anything in the future? The only important 2012 penny is in the currency museum.
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Pillar of the Community
Canada
3733 Posts |
 .completely |
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Pillar of the Community
Canada
1005 Posts |
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Valued Member
United States
157 Posts |
That is some interesting info. Thanks.
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Pillar of the Community
Canada
1581 Posts |
Just an estimate. But who knows where it came from?
@john100: So true, especially considering all the box talk. Any scarcity that is peddled is probably due to much of the mintage being hoarded. That points to a massive oversupply.
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Valued Member
Canada
319 Posts |
I think people should first ask themselves "Does the Mint require a full year to mint all the coins for each denomination?" Magnetic and non-magnetic are both quite common, not in circulation, because they are all being hoarded as rolls. The Mint had pallets of penny boxes collecting dust when I went there in the Fall. Apparently all someone had to do was call the Mint to get boxes ordered for about $60 a box shipped to your door. Pretty much every box selling on ebay or the coin show were picked up for $60 or less depending on quantity ordered. Or you could get a few rolls at the boutique for 52 cents per roll. Pretty good markup on ebay for the most collected cent in Canadian history. |
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Pillar of the Community
 Canada
590 Posts |
Thanks for all the replies. If they made 250 million what proportion are magnetic. I heard someone post 1/3000 were magnetic. I don't think that possible, that would be only 83,000 coins. If the last 1 million were all magnetic the ratio is already 1/250.
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Valued Member
Canada
161 Posts |
Looks the last 1 million are non-magnetic, although the specification says both. At least all people I know have only non-magnetic special wrapped rolls.
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Replies: 13 / Views: 2,107 |
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Posted 03/10/2013 02:14 am
