A penniless Canada: Mint begins collecting and melting down 35 Billion coins

A penniless Canada: Mint begins years-long process of collecting and melting down 82-million kg in coins


there are 35 billion of them still in circulation:thumb:

http://news.nationalpost.com/2013/02/04/canadian-penny-last-day/

 

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=> first it was one dollar bills, then it was two dollar bills and now it's pennies ... man, I wonder how many more coins and/or bills will be put-to-rest before I am put-to rest?

 

They will not get the few Canadian pennies that I own.

 

Ah, but instead of those low value notes from years ago you got nice $1 and $2 coins. Phasing the cent/penny out makes sense in my opinion.

Christian

 

Canada definitely has their act together regarding this situation. It would be nice if the U.S. followed suit, but I have my doubts.

 

You can now buy a roll for $9.95 from the RCM

 

I am feeling good about collecting Canadian cents now. I have them back to the 1860's. There were very small mintages back then, so I think they will appreciate. I hope so anyway. There were even pretty small mintages in the 30's. If they start melting that will help the value of the pennies that are still out there.

 

According to a recent Forbes list, Canada is the 6th happiest country in the world. It would seem they have their act together in many other ways also.

1. Norway
2. Denmark
3. Sweden
4. Australia
5. New Zealand
6. Canada
7. Finland
8. The Netherlands
9. Switzerland
10. Ireland

 

Now if the U.S. would do the same, eliminate the penny & allow melting of the coppers.

 

i have been buying boxes of canada pennies from the bank over the last 6 months. i have about 300.00 worth and havnt gone through a single roll yet. im hoping that as i buy rolls from stores .someone at home rolled up some old ones that were laying around over the years.. i also have lots of older rolls of coins . 5 cent pieces from the 1950's and even a bag of canada 1963 one cent pieces still in the original bank bag. i had a peak inside through a small hole. they all look redish to me. maybe that will make a big value where they are near mint

 

I must admit although I love them, I don't have too many "Big" Canadian Pennies, but I do have all of the "small" pennies (1920-2012) ... but whether big or small, the Canadian pennies sure have been gorgeous over the years, eh?

 

For the US, it ain't going to happen anytime soon, if it happens at all. I've heard some people say that hard cash is being gradually phased out altogether.

I saw a bunch of of those large Canadian cents being sold for somewhat cheap. Was tempted to get some but never got around to it when I started collecting ancients. lol

 

My 17000 Canadian cents will not be repatriated to our northern friends.

 

Huh, probably not a great investment decision => I'm 100% sure that the Big Canadian cents will be a far better "money-wise" investment than ancient Roman and Greek coins ....

=> but yah, I also know exactly where you're coming from Gil-galad, because all I spend my cash on lately is ancient coins as well ... ummm, which seems like a really "cool" investment, but I'm betting that they're not gonna be the best sure-thing financial investment in the long-run (our life-time), ya know? ...

=> but oh well, who plans on selling their coins before they die anyway, right? (anybody? ... ummm, everybody?)