canadian pennies

General discussions about canadian coins.
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gorgon666
Posts: 1
Joined: Mon Jan 02, 2017 9:26 pm

canadian pennies

Post by gorgon666 » Sat Mar 31, 2018 5:53 pm

now that the coin has gone out of circulation , are they worth anything as i have a few rolls of new pennies when they were taken out of circulation i believe in 2008

coinguy
Posts: 328
Joined: Tue Aug 16, 2016 10:03 am

Re: canadian pennies

Post by coinguy » Sat Mar 31, 2018 7:18 pm

Cents were not taken out of circulation until 2012.
As there were over 820 million 2008 minted, the only
ones that might have some value would be an error coin
or a high grade MS66 or MS67.

Evermint-Canada
Posts: 21
Joined: Tue Nov 03, 2015 10:29 pm

Re: canadian pennies

Post by Evermint-Canada » Fri Dec 07, 2018 9:13 pm

True that higher grades will attract more collectors but in 2008 no-one saw the withdraw of the penny coming. Preservation levels are a big factor when it come to desirability. I say those rolls should be kept sealed for better return on investment down the line.

henrysmedford
Posts: 126
Joined: Sat Jun 29, 2013 10:44 am
Location: Oregon

Re: canadian pennies

Post by henrysmedford » Sat Dec 08, 2018 7:56 pm

With all the pennies getting melted down by the Canadian government with the alloy recovery program does anyone think that might make some of the pennies worth more.

Techmoe
Posts: 6
Joined: Sun Nov 18, 2018 2:05 pm

Re: canadian pennies

Post by Techmoe » Sat Dec 08, 2018 10:06 pm

Honestly don't think this would in any way drive up prices. Unless I'm wrong even in this situation, at the end of the day we still need to go on mint quantity and demand before we can determine numismatic values.

Even if they were to disclose the quantity melted, we wouldn't know many were melted for each year.

Bill in Burl
Posts: 634
Joined: Thu Sep 04, 2008 7:41 am
Location: Golden Horseshoe, ONT

Re: canadian pennies

Post by Bill in Burl » Sun Dec 09, 2018 6:36 am

Prices are set by supply and demand. There are infinitely more coins out there (and for the next 50-60 years) than there ever will be collectors wanting any. Higher grade cents will have some numismatic value, but there is no correlation to the alloy recovery program.
Bill in Burl

carlg
Posts: 22
Joined: Mon Dec 03, 2018 11:53 am

Re: canadian pennies

Post by carlg » Fri Jan 11, 2019 1:06 pm

I have always liked collecting the cent (it is what I could afford lol). However, when they discontinued it...I saw that the market was being flooded with the " last cent coin rolls". Even though they made them out of different materials, I felt the big return for so many minted would take too long...so I keep my older cents but am reluctant to buy the new ones...maybe I am wrong (I do not know that much about the topic. I think they are planning to do away with the 5 cent piece (i.e. now that one can pay for things with cards and in the future finger prints lol).

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