Apr 09, 2012, 07:10 PM
2012 Canadian Penny
Has any one seen one yet?
Is the RCM producing zinc and steel one cent coin?
Apr 09, 2012 07:10 PM
Apr 09, 2012, 08:12 PM
This is a great site with frequent updates on all aspects of Canadian coinage, and their forum is slowly gaining momentum and membership.
Last appearance in pocket change:
Wheat penny - 1955 (11/1/12)
Silver - 1928 dime (12/5/11)
Dollar coin - 2007-P (Jefferson) (8/12/13)
Apr 10, 2012, 03:46 AM
I have only found two so far. For my part of the country April and May are usually the months new coins begin to reach general circulation.
Apr 10, 2012, 07:10 AM
I think that they may become a key date.
1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.
Originally Posted by Edmund Burke
Apr 11, 2012, 10:50 PM
I checked out ebay, 2012 Canadian pennies are going for $10 per roll or $1 each. I think that is crazy!
The RCM has been putting out 800 million pennies per year or 200 million per quarter. Even if production runs at half speed for only 3 months, that is still over 100 million!!
May 11, 2012, 01:50 AM
The final Canadian cent ever to be made came off the press on Friday. Experts forecast the eradication will save the northern country $11 million a year. Some say the same move should happen in the United States, as well. It cost the Canadian government about 1.6 cents to produce its copper-coated, maple leaf-stamped penny. In addition to that calculable loss, many say the penny has become virtually worthless. They are not accepted in vending machines or parking meters. They have so little value that most consumers considered them to be more of a bother than they are worth. Canada mints its last penny. Should the U.S., too?