Realcent.org

I get a fair share of Canadian cents here in New England whenever I pick up boxes of cents at the bank. Is it worth it to hold on to the post 1996 ones? I use a magnet to separate the steel ones out initially if needed and can spend those I guess. Should I bother with keeping all the Canadian cents I find as they are no longer made and may get scarce in a few decades? The dollar amount is not much but since they really don't take up much space and might get more valuable eventually, why not keep them? I am holding onto the copper rich ones as they technically can be melted legally if copper ever does some ridiculous price surge and scrappers start paying spot for the Cu.

No, I never considered this.

However, I just totaled up the mintage numbers listed in the Wikipedia article and from 1997 to the end of production in 2012, the total is 12,279,126,924. Yes, that's over 12 billion coins minted. Considering the huge quantity, minimal intrinsic value, and fact that they will be impossible to spend in the states when the U.S. penny is abolished, I suggest hoarding almost anything else instead.

Did I read correctly that you're getting steel Canadian cents in your penny boxes? I'm curious how that's happening.

Dr. Cadmium wrote:Did I read correctly that you're getting steel Canadian cents in your penny boxes? I'm curious how that's happening.

I am probably getting the steel ones from customer rolls. Never bothered to check on that though. Will keep an eye on it now. Heck, can run my neodymium magnet over the unopened rolls to see before even going further.

No, heavily circulated Canadian cents won't be worth money. I keep them just for fun, but aside from the copper ones, their only value lies in the fact that they can pass for a US cent.