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Did a drop of my final two boxes of steel/zinc pennies today. The girl at the till (who has gotten me thousands of dollars face value), "well I guess that's it for your pennies eh?" I responded, "yeah, I think I'm going to get some nickels now". She didn't look too happy for some reason.

I'm planning to look into the legality of smelting them. While the pennies remain legal tender, the real question is are they "current" or have they been "called in". If called in, they are no longer protected by the law.

They can be exported for sure, and then the buyer outside Canada can do whatever they want to recycle them.

JadeDragon wrote:I'm planning to look into the legality of smelting them. While the pennies remain legal tender, the real question is are they "current" or have they been "called in". If called in, they are no longer protected by the law.

They can be exported for sure, and then the buyer outside Canada can do whatever they want to recycle them.

I'm just going to sit on mine, probably for quite some time. I think selling now would be like selling your silver in 1965, sure you could make a profit but the best is yet to come.

fonestar wrote:

JadeDragon wrote:I'm planning to look into the legality of smelting them. While the pennies remain legal tender, the real question is are they "current" or have they been "called in". If called in, they are no longer protected by the law.

They can be exported for sure, and then the buyer outside Canada can do whatever they want to recycle them.

I'm just going to sit on mine, probably for quite some time. I think selling now would be like selling your silver in 1965, sure you could make a profit but the best is yet to come.

Ya, i'm not selling out. I just like to know my options

How do I celebrate? Stack more and make plans to get more from a trip to CA in the spirng.

Celebrate???!!! GUINNESS Extra Stout! I knew there was a reason I 'tuned in' to RC this evening!

Heading to the Pony Keg for some brews. Have to hoist a few in honor of the Canadian penny. BTW all the Guinness Extra Stout in Central KY comes from Canada not Ireland.

fonestar wrote:

JadeDragon wrote:I'm planning to look into the legality of smelting them. While the pennies remain legal tender, the real question is are they "current" or have they been "called in". If called in, they are no longer protected by the law.

They can be exported for sure, and then the buyer outside Canada can do whatever they want to recycle them.

I'm just going to sit on mine, probably for quite some time. I think selling now would be like selling your silver in 1965, sure you could make a profit but the best is yet to come.

+1

I'll just hold on to the ones I've found (about a tupperware bowl full). May never be worth much but do make a good story to tell the kids later.

I'm glad that I've saved every Canadian penny I've come across so far, other than some really ugly zinc/steels. Do to the magnets in coin counters here, I get about 4X more copper than zinc, and only about 4 steels so far. So it doesn't hurt to keep every 1. Maybe they'll all be worth something some day. If not... whatever.

as for any numismatic value i really doubt it but you never know maybe all the 1997-2012 will be worth more sown the road cause everyone sends them back and the copper will only be worth copper because everyone kept them lol