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 Replies: 8 / Views: 1,561 |
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Valued Member
Canada
402 Posts |
Was there a Canadian penny minted 1889? If not an reason listed?
Thanks
Arthur
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Pillar of the Community
Canada
3049 Posts |
1889 penny... no there wasn't one...
As for why not? This is only my best guess but I think coin mintage was reliant upon the demand from banks.. So if in 1888 there was enough pennies an order wouldn't have been made for '89...
That's only my best guess... and I hope someone else with a whole lot more knowledge chimes in.. b/c this is a great question.
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Pillar of the Community
 Canada
9865 Posts |
Not that I have a whole lot more knowledge but it's the right guess. Simply a matter of supply and demand.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1581 Posts |
There have been weirder examples. Like no loonie business strikes from 1997 through 2001. And then low mintages for several years after that.
In millions:
1995: 41.8
1996: 17.1
1997-2001: None
2002 (1952-): 2.3
2003: 5.1
2004: 10 (loon + lucky)
2005: 32.3
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Pillar of the Community
Canada
9865 Posts |
I believe that once the alloy recovery program has sucked virtually all the nickel out of circulation, and as our society becomes less cash reliant, there will be many more years of low or no mintage. It's strictly supply and demand.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1581 Posts |
I'm not sure, given the non-numismatic strike uncirculated sets, that we will ever get (technically) no production. But, I agree, that the mintages will go into slow steady decline.
Ultimately, does that kill the hobby, or actually make it more and more interesting as the scarcity of top quality examples will become more and more scarce?
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Valued Member
 Canada
402 Posts |
Thanks for the replies. Just a note to Agcoinau ..remember there were no chartered banks then, and often the colones were deprived of coinage for various purposes of the mother country ...hence all the scrip and tokens
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Pillar of the Community
Canada
9865 Posts |
By 1889 chartered banks in Canada were alive and doing well for the most part. Canada was a Dominion not a colony. Tokens had virtually disappeared from use by 1889, driven out in large part by the huge mintage of 1859 cents.
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
Canada
329 Posts |
i think a time will come in my lifetime when the mint will sell us collectors plated steel for 2x face price like the 50c pieces (so very limited mintage numbers). why do I say this? I have already heard of using our phones for micro transactions. given what the dollar is worth, I can see micro transaction referring to anything under $5. I think we already have the technology, someone just has to implement it. BOC being desperate enough for cash to take all the nickle out must have this on a time chart somewhere as a future cost savings measure.
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Replies: 8 / Views: 1,561 |
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Posted 04/04/2014 10:35 pm
