2006 No mint no p Magnetic penny?

Hello all,

Just curious what anyone thinks.....Are they really that rare and the values from low-high. (2006 No mint no p Magnetic penny)
I have found 8 in the last few years sold some and kept a few.
Would love to hear what everyone thinks.....
Cheers

 

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I'm not even sure what you are talking about. Is the cent magnetic?

Edit: are you refering to a canadian coin?

 

Forgot to put Canadian Penny....... Yes Magnetic.

 

ahh, I can't help you then, but there are a few threads on the forum dealing with magnetic canadian pennys.

 

Canadian cents are minted with 94% steel since 2000. They are all magnetic.

 

Lol did you look that up on wikipedia...copy/paste
Send me your Address and I'll send you a Non-magnetic 2006 penny it would be worth a fortune.

Anyone with some helpful comments would be great

 

Um, thanks, but I would have to decline. Either you are mistaken, or it's a counterfeit, and I'm not a fan of those. Thanks for the offer though!

 

1. mistaken or
2 counterfeit..... you missed the correct answer.......ding ding

Stick to U.S coins....cause you obviously don't know.

 

Someone counterfeited a 2006 penny? Why?

 

[TABLE="class: list"]


P

-

-

-

-

-

-

$ 0.01


Magnetic

-

-

-

-

-

-

$ 45


RCM Logo - Magnetic

-

-

-

-

-

-

$ 0.01


Non magnetic

-

-

-

-

-

-

$ 0.01


RCM Logo

-

-

-

-

-

-

$ 0.01


P - Non magnetic

[/TABLE]


This is what you're looking for. This chart is for the 2006 Canadian Cents in AU50 condition. As always, the pricing is just a guide.

http://www.coinsandcanada.com/coins-prices.php?coin=1-cent-2006&years=1-cent-1965-2012

 

Essentially, cookiemonster is correct.

The metal composition of Canadian cents was 95.5% copper, 3% tin, and 1.5% zinc from 1908 to about 1920, when the size shrank but the metal composition remained the same.

In 1942 the composition was altered to 98% copper, 1.75% zinc, and .5% tin. In 1997, the composition changed again because of the cost of copper, and the composition was changed to 98.4% zinc, and 1.6% copper plate.

In the year 2000, the Canadian Mint changed the composition again to include steel. 94% steel, 4.5% copper plate and 1.5% nickel.

From the Royal Canadian Mint website.

 

But what the RCM website doesn't tell you is that some of the pennies produced since they switched to the steel planchets have actually been made from copper-plated zinc planchets. As a result non-magnetic pennies from 2007-2010 have been found (I've found a few), I don't know about 2006 but it is certainly plausible.

 

Sorry, I just realized the rest of it wasn't printed. The "x" are indicators for falling prices.

Values here are for MS60 MS62 MS63 MS64 MS65 MS66 MS67


1 cent 2006 values of uncirculated coins[SUP]2

[TABLE="class: list"]

[/TABLE]


[/SUP][TABLE="class: list"]

[/TABLE]



[TABLE="class: list"]


P

$ 0.13

$ 0.70

$ 5.80

$ 14

$ 24

$ 54

-


Magnetic

$ 80

$ 160

$ 190

$ 360

$ 630

$ 750

-


RCM Logo - Magnetic

$ 1.10

$ 2.40

$ 3.80

$ 8.00

$ 15

$ 43

-


Non magnetic

$ 0.13

$ 0.70

$ 0.95

$ 6.30

$ 15

$ 32

$ 42


RCM Logo

$ 0.13

$ 0.70

$ 0.95

$ 8.00

$ 16

$ 37

-


P - Non magnetic

$ 100

-

$ 300

$ 400

$ 650

$ 850

-

[/TABLE]

 

The RCM has made made bronze and copper plated steel cents since 2000 for circulation. Originally the letter "P" was on the plated cents but was later dropped. The easiest way to tell the difference on the later cents is the magnet test. Also in 2006 both compositions were minted. I can't find a break out for the different compositions but the total mintage of cents that year was 1.261 billion pieces.

 

wow i must be rich!! a buddy of mine in canada sended me some cent/penny rolls last year an i got all types of them

 

It all depends on the mintmark, lack of mintmark, magnetic or non-magnetic. I've been searching for a 2006 magnetic, no P, no logo since they've come out. They sell for about $200.

If you have even one, you're pretty lucky.

 

so far i got2006 logo both magnetic an non an 2006 no logo non magnetic, still looking,update later

 

Hey; As a CDN collector of Lincoln error cents I spent years, -( up 'til the 2012 demise of the CDN penny)- searching CDN penny rolls to find my Lincoln's, averaging 4 or 5 USA cents per roll. In the process I would scrupulously test every 2006 no MM CDN penny I'd find in hopes of discovering an example of this valuable & elusive magnetic variety. Just recently I found two while searching a large jar of pennies I'd bought. The site: coinsandcanada.com lists their value at: AU-50: $49.00; MS-60: $80.00; MS-62; $160.00; MS-63: $190.00; MS-64: $260.00.
This site is The #1 authoritative source for all the info on CDN coinage, but also notoriously out of touch with actual values. Try and buy an AU-50 for $49.00.

 

Go to: coinsandcanada.com and look at the price guide for complete listings on all varieties, both magnetic and non-magnetic, for all the varieties issued for the 2006 1c mintage.