Canadian Copper

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Re: Canadian Copper

Postby mrrosado » Wed Oct 03, 2012 10:54 pm

When are the pennies going to be out of circulation? I live about 5 hours from the border and my friends happen to live about 20 minutes into the Canadian border. I might go on vacation to see them anyway or they might come down here. I can't go over their until after January. Would it be worth purchasing $100 in Canadian pennies? How will I dump them?
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Re: Canadian Copper

Postby scyther » Wed Oct 03, 2012 11:24 pm

FatherRosado wrote:When are the pennies going to be out of circulation? I live about 5 hours from the border and my friends happen to live about 20 minutes into the Canadian border. I might go on vacation to see them anyway or they might come down here. I can't go over their until after January. Would it be worth purchasing $100 in Canadian pennies? How will I dump them?

Circulation stops on February 4th. You may still be able to get some after that, but it should last at least till then. You can probably get away with dumping the zincs in with US pennies if you spread them out enough, but the steels will be a problem. Maybe Ebay.
267,500 pennies and 186,000 nickels searched. Hand sorter.
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Re: Canadian Copper

Postby Dave » Fri Oct 05, 2012 12:10 pm

How does the KSA auction work, I just might put my Canadian CTU up.
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Re: Canadian Copper

Postby fansubs_ca » Sun Oct 07, 2012 1:55 am

FatherRosado wrote: How will I dump them?


Well depending on available time you could "magnet sort" out the steel pennies,
re-roll them (re-use the rolls you get them in) and cash those before you leave.
If you don't want to re-roll you might have to give up 12% in fees to coinstar
to pour it in and let it count it. You could spend them at a Safeway store with
a self check out but if you do this don't dump more than 600 of them on any
one self check out machine or they start jamming up. (Usually around the
700 mark.)

You can leave the Zinc and Copper (niether of which will stick to a magnet)
in a bag and leave the sorting of those until you are home and have more
time because...

As Scyther said, Zinc you can mix into your U.S. zinc dumps. Just don't put too
many in any one dump. They'll then circulate and re-circulate around the U.S.
for a much longer life over many years. ^_^ You'll save the U.S. mint the cost
of making more replacement pennies. You'll loose a bit because the CDN$ is
slightly over right now but not much if you change your money at whichever
bank has the best rate.

Steel cents could be hard to unload in the U.S. as it doesn't match the
(current) composition of any U.S. pennies and some counting equipment
will catch them on a magnet.
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Re: Canadian Copper

Postby thepennyfund » Mon Oct 08, 2012 9:22 am

Has anyone ever taken their Candian Copper Pennies to a scrap yard?
Please check out my site http://thepennyfund.weebly.com/ I buy and sell Pre-1982 pennies by the pound. I'm happy to negotiate realistic offers that make sense for both parties. Let's see if we can make a deal.

New Jersey Residents: $150 CTUs - (Cash Only) We can meet daytime in a public place. PM me to set up an appointment.
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