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Thread: Canadian pennies, to save or not to save that is the question

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  1. #1
    us
    Apr 2016
    Washington
    163
    165 times
    Coin Roll Hunter, Thrift Store Hunter & Dumpster Diver

    Copper Coin Canadian pennies, to save or not to save that is the question

    I have taken to pulling and hoarding them. These pennies were discontinued five years ago and the canadian mint has been "recycling" them for the metals as fast as they can. Is there, or will there be a market for them?

  2. #2
    us
    Mar 2018
    Bryant, WI
    Tracker IV (hobby lobby 40% off ;-) )
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    CRH, hockey cards
    I keep them just to make myself feel better about getting hits in a bag. I do love the older ones though, the King George one
    FormerTeller likes this.

  3. #3
    us
    Feb 2008
    Santa Fe, New Mexico
    Whites, MXT.
    8,453
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    All Types Of Treasure Hunting
    I have really come to like the "first profile " Queen Elizabeth II cents (1953- 1964) I also pull all KGV,and KGVI cents too .
    FormerTeller and Rosco53 like this.

  4. #4
    us
    Apr 2011
    1,788
    1216 times
    I don't know if/when there will be a market for them, but I hoard them as well. The higher denomination coins I get I'll exchange for face next time I go to Canada, but I'd be reluctant to let the Canada Cents go without a premium.

  5. #5
    us
    Feb 2012
    2,789
    2337 times
    Coin roll hunting
    There is distant rumors on the internet that the U S might go the same way with pennies. If that does happen, what's in store with copper prices? And hoarding.

  6. #6
    Charter Member
    us
    Mar 2013
    SW, VA - Bull Mountain
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    Digging in the dirt & scooping in the water!
    I hoard them. When I lived in Metro-Detroit I had a very serious lady friend in Montreal - so I spent every weekend there for about 6 months. She was gorgeous, but she never could get over her sorrows. It finally wore me out and I cut bait.

    All those trips, I saved all my Canadian money - took it into a my US bank, deposited it as related to the exchange rate at the time - not a problem whatsoever. I could probably to that with my bank in Virginia now.
    Republic of Vietnam 10/69 - 3/71, Cambodia April 27, 1970 on a mountain top with HUGE scorpions

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  7. #7

    Aug 2012
    1,447
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    All Types Of Treasure Hunting
    The copper ones are worth more than a penny in melt...and I don't know of any US restriction melting them.
    "The right to swing my fist ends where the other man's nose begins." Oliver Wendell Holmes.

  8. #8
    us
    Apr 2005
    North Carolina
    Garrett GTI 2500 Garrett AT Gold
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    All Types Of Treasure Hunting
    Quote Originally Posted by GlenDronach View Post
    The copper ones are worth more than a penny in melt...and I don't know of any US restriction melting them.
    You're correct, there isn't any laws in the United States about selling Canadian copper.
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