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Whats Going On So Far With Canadian Pennies?

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Pillar of the Community

708 Posts
 Posted 04/29/2013  9:40 pm Show Profile   Bookmark this topic Add Fox to your friends list Get a Link to this Message Number of Subscribers
Hey all of you Canadians out there. Now that production of your pennies has offically been halted for months now, how are they doing in circulation? Are people starting to really hoard them and weed them out of circulation? Or are they still lingering? I'm in the U.S. and I now keep every Canadian penny I come across, here in the U.S. just because I like to hold onto them as collector's items. Don't know if iys good or bad though.

** title fixed **
Pillar of the Community
708 Posts
 Posted 04/29/2013  9:43 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply
Oh jeeze! Mods, please fix my title to this topic from Whats "hoing" on with Canadian pennies" to "Whats "Going" on with Canadian pennies" Sorry about that.
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 04/29/2013  9:46 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Most stores turn them into the banks. The banks shouldn't give them out (by law), so it might not be a good idea to try. However, big stores (Safeway, Superstore, Sobeys, whatever) have been pretty receptive to my cent-related inquiries - they don't care who they sell the pennies to, and some of them have a lot of them coming in and staying in now that their change machines are programmed to never give pennies back as change. No KGV yet, but I'm working on it.

As for hoarding - not much "crazy hoarder" mentality going on (except me, I guess). Most people I've talked to don't feel much attachment to their penny jars and all the speculative buying seems to be limited to those ridiculous "Farewell to the Penny" BU rolls. I once saw a man offer $50 for just three of those rolls, at a show no less!
Valued Member
lesinwestvan's Avatar
Canada
133 Posts
 Posted 04/30/2013  09:28 am  Show Profile   Bookmark this reply Add lesinwestvan to your friends list Get a Link to this Reply
I'm a hoarder, and also keep every penny that comes my way (although I've been doing that long before they were removed from circulation)

I haven't been able to find a bank that will still give me rolls as they are obligated to now turn them in. Big box stores seem to still be using the penny but at the smaller retail outlets they have appeared to dry up.

Every time I go into a Starbucks and see their tip jars full of pennies I want to go through every one and offer to buy them all.
Bedrock of the Community
Joseph7420's Avatar
Canada
11922 Posts
 Posted 04/30/2013  11:19 am  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
I do collect every Canadian penny I find. And my family members help me to. And so far, I have every date of penny's from 1940-2012. But I haven't payed for a single one yet. So I do have some containers full of the penny's.
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