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What happened with the Canadian Cents after 2012?
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<p>[QUOTE="Good Cents, post: 7849697, member: 100720"]That's interesting. I wonder if we can expect the same to happen if down the line the US Cent is ever retired.</p><p><br /></p><p>You can get a roll of US Cents from any bank in the US now. But you can't get a roll of Canadian Cents from a bank, so, why wouldn't a roll of Canadian Cents be worth at least CAD $1 a roll? Or are they? Or is it because there are still so many out there, available?</p><p><br /></p><p>In comparison, there are likely a Hundred Billion US Cents in circulation. (If not quite a hundred billion, then close to it.) And there will be tens of billions hoarded if/when they ever decide to pull the US Cent from circulation because, well, we're a nation of hoarders. So by my calculation, whatever a roll of Canadian Cents is worth now, a roll of US Cents will likely be worth less by half, due to there being at least twice as many available. Unless the US Mint offers 2-cents on the cent to remove them from circulation. But why should they? It doesn't hurt the Mint if people hoard them out of misguided speculation. The opposite is probably true - it will cost the US Mint more to dispose of them than they are worth![/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 7849697, member: 100720"]That's interesting. I wonder if we can expect the same to happen if down the line the US Cent is ever retired. You can get a roll of US Cents from any bank in the US now. But you can't get a roll of Canadian Cents from a bank, so, why wouldn't a roll of Canadian Cents be worth at least CAD $1 a roll? Or are they? Or is it because there are still so many out there, available? In comparison, there are likely a Hundred Billion US Cents in circulation. (If not quite a hundred billion, then close to it.) And there will be tens of billions hoarded if/when they ever decide to pull the US Cent from circulation because, well, we're a nation of hoarders. So by my calculation, whatever a roll of Canadian Cents is worth now, a roll of US Cents will likely be worth less by half, due to there being at least twice as many available. Unless the US Mint offers 2-cents on the cent to remove them from circulation. But why should they? It doesn't hurt the Mint if people hoard them out of misguided speculation. The opposite is probably true - it will cost the US Mint more to dispose of them than they are worth![/QUOTE]
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What happened with the Canadian Cents after 2012?
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