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 Replies: 12 / Views: 1,694 |
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Pillar of the Community
United States
589 Posts |
Good Day, This is the first time I am posting in the Canada forum but this is where I feel this belongs. Let me first say I absolutely love the Canadian Penny. I was sad to read a few months back of the Royal mints decision to stop the production of the canadian penny. With this said, I am going on vacation the end of June to Canada to visit Niagara Falls and Quebec for a week. While I am there I wanted to get as many Canadian Pennies as possible but wasnt sure of the availability of them as of yet. Can anyone tell me if the stores are still giving them out in change or if I go into a local bank will they exchange some for canadian dollars or have they begun the transfer to The Royal Mint for melting. All responses are appreciated. John |
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Pillar of the Community
Canada
1980 Posts |
most stores and banks will not sell pennies I think Walmart will still give them in change but only a couple here and there. I have one bank that saves them for me and I go on a weekly basis and buy everything they have, I havent been able to convince any other banks to do so |
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Pillar of the Community
Canada
2366 Posts |
Some stores have already transitioned away from using pennies (Tim Horton's) while others are a bit slower. You'll just have to work your way around and ask. Have fun!
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Pillar of the Community
Canada
548 Posts |
Isn't it funny how a few years ago a person wouldn't bend down to pick up a penny off the street and now we go about looking for them to the point of asking people for pennies.
Edited by lyradnoj
04/29/2013 6:50 pm
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Pillar of the Community
Canada
2805 Posts |
I go into every store I pass by and ask for pennies. A roll here and there has translated into almost 500 cents so far... I've never found a King George V but I have found a few from the 40s and 50s.
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Pillar of the Community
Canada
1005 Posts |
Hi John.
You're welcome to all the pennies that customers bring in.
After I search them for rarities or putting together sets
The copper ones get sold for 1.5 cents.
The newer ones go to the bank.(or to people wanting pennies)
If you are driving from Niagara falls to Quebec let me know.
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Pillar of the Community
Canada
3692 Posts |
Most places are rounding now, but the odd store does give you back cents, which makes sense. Banks are not supposed to give them to retailers, and less to regular customers, because of the inconvenience of hauling them to and from the bank. I get it, but why can't they make pennies from aluminum instead? Everything is rounded up, and stupid things like plastic bags are 5cents, plus sales taxes, there's no end to hidden fees in this place.
In sum, just shop around. Most places you just find pennies on the floor because people just don't have any love for them. They don't get that 100 of these things can buy you a cheap coffee.
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Pillar of the Community
 United States
589 Posts |
Thanks everyone for the feedback. Very appreciated. When I go to Canada I will most definitely aske around for them. My daughter is on the lookout for them as well. It is such a shame that such beauty has to end. I have a Canadian seller on ebay that is going to sell me 8 BU 2012 cents. Looking forward to getting those. I do have a question though, why are the pennies magnetic? |
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Pillar of the Community
United States
998 Posts |
Libertad: Even if the metal was free, the cent still costs more than a cent to produce and process. The 5 cent piece is getting close to that as well, so expect to see something done with that in the next few years.
Canada being able to move faster in these things than the US I wouldn't be surprised if we follow TGWN a decade down the line.
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Pillar of the Community
Canada
2366 Posts |
The pennies have been made from either copper plated multi-ply steel (magnetic) or copper plated zinc for the past 15 odd years. I think zinc started in 1997 and steel for circulation started in 2002. So for many years 2002+ you can find both magnetic and non-magnetic varieties. See http://www.coinsandcanada.com/coins...nt-1965-2012 for the list. |
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Pillar of the Community
United States
589 Posts |
The idea of any nation stopping the minting of coins concerns me. It means that there will be less and less to collect and unforunately the push to a cashless society.
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Pillar of the Community
United States
998 Posts |
John Hutch: As a collector this makes me concerned as well. For reasons way beyond the scope of this board the purchasing value of our currencies, which had remained relatively stable for much of the history of the USA and Canada, changed in the 60's. To keep currency relevant you either need to move the decimal or increase the denominations. The latter has been the choice in the more stable First World nations.
The move to electronic transactions is moving fast, so I don't think anyone is going to bother with revaluing the currency. It is a race to see whether a cashless society is here before current denominations are obsolete.
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Pillar of the Community
Canada
1723 Posts |
John, what is your ebay seller selling them to you for if you dont mind me asking? |
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Replies: 12 / Views: 1,694 |
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Posted 04/29/2013 5:36 pm
