Canadian Penny
Get Them While You Still Can
- Farewell To The Canadian Penny ?
As I write this in the Spring of 2011 it looks as if the end is nigh for the honest Canadian Penny. First produced at the Royal Mint in London for use in the Canadian provinces in 1858, it was one of a number of coins replacing a range of local bank issue tokens and foreign coins.
The popular name 'Penny' even survived the official name change to Cent for Canada's smallest denominated coin at decimalization in 1858. So what's changed? Basically the two sides of the argument for and against keeping the coin boil down to the increasing cost of producing and distributing the coins versus the public's fears that prices will rise if the Penny is abolished as retailers 'round up' their prices.
Economically the case for abolition seems pretty sound. A report by the Desjardins Group in 2007 estimated that over 20 Billion Canadian Pennies had been produced to date. However because the vast majority had ended up filling bottles and jars or were just discarded, the Royal Canadian Mint is obliged to keep producing them at a rate of 816 million per year at a cost of C$130 million.
On the 14th December 2010 the Senate Finance Committee found that considering it cost the Government .5c to produce and 3c to distribute it would recommend that the 1c coin be removed from circulation. If you are a Numismatist now would be the time to collect these coins whilst they are still abundant. Covering the entire time span of official Canadian coinage, in addition to those produced by pre-confederation provinces, a collection of 1c coins quickly builds to a large and inexpensive collection.
Many investors see copper increasing in value in the medium term in a similar way to that of gold and silver during the last decade. When first produced, from 1858 until 1941, the Penny and one Cent coins contained 95% copper. This actually increased to 98% copper content in the coins produced between 1942 and 1999. Whether you are a coin collector or an investor, now could be a good time to lay in a collection of Canadian Pennies.
Canadian Penny
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1967 Penny Canadian ROCK DOVE Queen Elizabeth II UNCIRCULATED ROLL OF 50 COINS |  |
0 Bid | US $39.00 | 1h 4m |
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5 LBs Of Canadian Copper Pennies | |
4 Bids | US $23.18 | 2h 44m |
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5 LBs Of Canadian Pennies | |
5 Bids | US $12.50 | 2h 44m |
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48 pcs 1965 ROLL Pennies Canadian Cents Coins Canada Circulated Penny | |
0 Bid | US $4.99 | 3h 16m |
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48 pcs 1967 ROLL Pennies Canadian Cents Coins Canada Circulated Penny | |
0 Bid | US $4.99 | 3h 28m |
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2012 CANADIAN PENNY CENT BU FROM RCM MINT ROLL MAGNETIC LAST YEAR A63 | |
0 Bid | US $.99 | 3h 43m |
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48 pcs 1968 ROLL Pennies Canadian Cents Coins Canada Circulated Penny | |
0 Bid | US $4.99 | 3h 50m |
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48 pcs 1969 ROLL Pennies Canadian Cents Coins Canada Circulated Penny | |
0 Bid | US $4.99 | 4h 16m |
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Huge 1901 Canadian Penny and German 3rd Reich coins | |
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US $8.99 | 4h 30m |
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2012 CANADIAN PENNY CENT BU FROM RCM MINT ROLL NON MAGNETIC LAST YEAR A114 | |
0 Bid | US $.99 | 5h 39m |
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1961 penny Canadian QUEEN ELIZABETH II AU Inv 20480 | |
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US $1.99 | 5h 49m |
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1961 penny Canadian QUEEN ELIZABETH II AU ABOUT UNCIRCULATED Inv 20482 AU | |
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US $1.99 | 5h 49m |
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1961 penny Canadian QUEEN ELIZABETH II AU Inv 20479 | |
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US $.99 | 5h 49m |
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King George 5 Canadian pennies cents lot of 4 1920 1921 1931 1932 | |
1 Bid | US $3.49 | 6h 44m |
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2000$ of canadian coins Penny Dollar quarters dimes nickels 1940 1979 | |
3 Bids | US $18.99 | 6h 54m |
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Canadian Coins 6 toonies 3 dollars 11 dimes 29 quarters 7 nickels 6 pennies | |
2 Bids | US $19.01 | 10h 31m |
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2012 CANADIAN PENNY CENT BU FROM RCM MINT ROLL MAGNETIC LAST YEAR A61 | |
0 Bid | US $2.95 | 13h 38m |
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2012 CANADIAN PENNY CENT BU FROM RCM MINT ROLL MAGNETIC LAST YEAR A602 | |
0 Bid | US $.99 | 17h 54m |
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1859 Canada Large ONE Cent EXTRA FINE COIN Canadian One Penny VARIATION | |
0 Bid | US $14.50 | 19h 15m |
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TONED 2012 CANADIAN PENNY CENT UNCIRCULATED MAGNETIC VARIETY LAST YEAR B417 | |
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US $6.95 | 20h 43m |
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Canadian coin collection nickel quarter pennies and dimes | |
0 Bid | US $.50 | 21h 40m |
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1823 Nova Scotia Canadian half penny Token Navigation Issue | |
0 Bid | US $9.99 | 22h 5m |
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1997 CANADA PENNY RARE 1 CENT BETTER YEAR CANADIAN SHARP DETAIL FORGIEN COIN | |
0 Bid | US $1.59 | 22h 59m |
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Very Rare Canadian 1925 KEY DATE One Cent Penny | |
11 Bids | US $19.38 | 1d 1h 37m |
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Very Rare Canadian 1930 KEY DATE One Cent Penny | |
3 Bids | US $2.25 | 1d 2h 9m |
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Very Rare Canadian 1926 KEY DATE One Cent Penny | |
1 Bid | US $.99 | 1d 2h 23m |
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Proof-Like 1964 Canadian Maple Leaf Penny Sale Price: $3.99  |
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1961 Canadian Maple Leaf Penny -- Very Fine/Extra Fine Condition Used From: $3.00 |
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VERY FINE 1940 Canadian Penny Used From: $1.90 |
further reading here on this site :
CANADA 1 CENT 1964 COPPER…ELIZABETH II DEI GRATIA/MAPLE LEAF….VERY GODD CONDITION!
HOW MUCH IS THIS WORTH? $5.00 OR LESS???
PLEASE LET ME KNOW!
THANKS!
uhh… that should be worth way more than $5 Denise
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I would like the pertinent information on the 2006 Canadian penny. I understand there are quite a few different values from 20.00 to 3000.00. Please help me understand. Thank you for your time.