headymamamyrna Posted December 18, 2010 Report Share Posted December 18, 2010 Should we be cashing in our pennies or keeping them right now? Link to comment Share on other sites More sharing options...
StoneMtn Posted December 18, 2010 Report Share Posted December 18, 2010 I hear the Senate is wondering the same thing. I also hear that most Canadians are wondering the same thing about the Senate itself. Link to comment Share on other sites More sharing options...
Velvet Posted December 18, 2010 Report Share Posted December 18, 2010 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. Link to comment Share on other sites More sharing options...
phishtaper Posted December 18, 2010 Report Share Posted December 18, 2010 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. Link to comment Share on other sites More sharing options...
bouche Posted December 18, 2010 Report Share Posted December 18, 2010 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.YearsMassDiameter/ShapeComposition[12]2000–present *2.35 g19.05 mm, round94%steel, 1.5%nickel, 4.5% copper plated zinc1997–1999 *2.25 g19.05 mm, round98.4%zinc, 1.6% copper plating1982–19962.5 g19.1mm,12-sided98%copper, 1.75%tin, 0.25% zinc1980–19812.8g19.0mm, round98% copper, 1.75% tin, 0.25% zinc1978–19793.24g19.05mm, round98% copper, 1.75% tin, 0.25% zinc1942–19773.24g19.05mm, round98% copper, 0.5% tin, 1.5% zinc1920–19413.24g19.05mm, round95.5% copper, 3% tin, 1.5% zinc1876–19205.67g25.4mm, round95.5% copper, 3% tin, 1.5% zinc1858–18594.54g25.4mm, round95% copper, 4% tin, 1% zinc Link to comment Share on other sites More sharing options...
larry_llama Posted December 18, 2010 Report Share Posted December 18, 2010 http://www.coinflation.com/canada/ Link to comment Share on other sites More sharing options...
bouche Posted December 19, 2010 Report Share Posted December 19, 2010 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. Link to comment Share on other sites More sharing options...
rubberdinghy Posted December 19, 2010 Report Share Posted December 19, 2010 Wow...17 bucks for those old "original" loonies!why didn't they ever make regular circulation? Link to comment Share on other sites More sharing options...
phishtaper Posted December 19, 2010 Report Share Posted December 19, 2010 wow, i cant get over how there is $US4.34 worth of silver in old quarters. that's pretty amazing. Link to comment Share on other sites More sharing options...
Velvet Posted December 20, 2010 Report Share Posted December 20, 2010 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. Link to comment Share on other sites More sharing options...
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