Pennies?

[headymamamyrna]

Should we be cashing in our pennies or keeping them right now?

[StoneMtn]

I hear the Senate is wondering the same thing. I also hear that most Canadians are wondering the same thing about the Senate itself.

[Velvet]

As I understand it, under the proposition pennies will always be accepted by the Bank of Canada, so you don't have to worry about cashing them in before they "expire" or anything like that.

That said, it's better for the economy if you cash them in.

[phishtaper]

I hear the Senate is wondering the same thing. I also hear that most Canadians are wondering the same thing about the Senate itself.

well played, sir.

[bouche]

From what I have read, Pennies need to be sorted by year to really figure out their value at this point. According to this chart, pennies are 98% copper up until 1996 so they're worth well more than one cent each.

Years	Mass	Diameter/Shape	Composition[12]
2000–present *	2.35 g	19.05 mm, round	94%steel, 1.5%nickel, 4.5% copper plated zinc
1997–1999 *	2.25 g	19.05 mm, round	98.4%zinc, 1.6% copper plating
1982–1996	2.5 g	19.1mm,12-sided	98%copper, 1.75%tin, 0.25% zinc
1980–1981	2.8g	19.0mm, round	98% copper, 1.75% tin, 0.25% zinc
1978–1979	3.24g	19.05mm, round	98% copper, 1.75% tin, 0.25% zinc
1942–1977	3.24g	19.05mm, round	98% copper, 0.5% tin, 1.5% zinc
1920–1941	3.24g	19.05mm, round	95.5% copper, 3% tin, 1.5% zinc
1876–1920	5.67g	25.4mm, round	95.5% copper, 3% tin, 1.5% zinc
1858–1859	4.54g	25.4mm, round	95% copper, 4% tin, 1% zinc

[larry_llama]

http://www.coinflation.com/canada/

[bouche]

http://www.coinflation.com/canada/

how would you interpret that list? It believe that it supports the same list i posted. So up until 1996, your penny is worth more than 1 penny.

[rubberdinghy]

Wow...17 bucks for those old "original" loonies!

why didn't they ever make regular circulation?

[phishtaper]

wow, i cant get over how there is $US4.34 worth of silver in old quarters. that's pretty amazing.

[Velvet]

wow, i cant get over how there is $US4.34 worth of silver in old quarters. that's pretty amazing.

Just found one in my change a few weeks ago.