canadian penny

[mikesand]

The other night I found a 1962 canadian penny in my cash drawer at work. Did some research but I am still not sure if i should hold onto it. Any suggestions?

Thx
HH
mike

 

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[fiatboy]

Unless you really want it, I'd say no. Anyone disagree? Personally, I save all of my Canadian change, but that's just because I like saving Canadian change.

 

[oldplacesnofinds]

If you get 2 more of them they would be worth 1 American cent.

 

[fiatboy]

If you get 2 more of them they would be worth 1 American cent.

Not anymore. The Canadian dollar is now almost on parity with the U.S. dollar. In other words, wow! times have changed!

 

[mikesand]

I guess what i actually should have asked is, was the coin mostly made of copper and does anyone know if it has any value more than its face value.

 

[hasbeen]

Canadian cents minted from 1942-1996 contain 98% copper and average 49 grains in weight.Scrap copper prices at $2.65 per pound would make the penny worth 1.8 cents.

The U.S. cent contains 95% copper and averages about 1 grain lighter in weight than the Canadian cent so it would be worth about 1.7 cents with copper scrap prices at $2.65 per pound.

hasbeen