Keep Canadian Copper Pennies
Keep Canadian Copper Pennies Keep your Canadian pennies! In this particular case, Canadian Copper Pennies. These copper pennies are just like the U.S. copper pennies: The copper metal value exceeds their Canadian face value by over 2.5x. The Canadian copper penny is made of 95% copper and 5% zinc, making it a great copper commodity investment. There are stages to getting to the melt value copper portion of this investment. Currently, Canada is on the phase-out stage. This is because Canada wants Canadians to deposit their pennies at financial institutions which end up back at the Royal Canadian Mint. The Royal Canadian Mint uses its “Alloy Recover Program” to sort out the copper pennies from their zinc and steel pennies so they can turn the coins into copper and make a profit (read more: Canada Eliminates the Penny).
Canadian Penny Melt Laws
Note that it is illegal to melt the Canadian penny:
- exert from the Source Learn about How to Make Money with Copper Pennies Share this article on Canadian Copper Pennies. If you found this information helpful, please share using the social media buttons below. The more people that share, the more people will see this and learn: It is important that we are all informed and helping each other stay informed. Turning in valuable coins like the Canadian copper penny so that the Royal Canadian Mint can prosper instead of you is just not fair. So we ask you to please use the social media buttons below to share this article with your family, friends, coworkers, and anyone else you may know. After all, knowledge is power. Buy Canadian Copper Pennies
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I hate to see the penny go but I guess it was costing the govt. more than the face value. How many 2012 pennies were printed in 2012?
Hi Jack,
Here is a link to the Royal Canadian Mint 1 cent mintage numbers:
http://www.mint.ca/store/mint/learn/1-cent-5300004
It doesn’t appear that there are statistics for 2011 or 2012 there. I’ll do a bit of digging on their web site to see if I can find the totals for you.
-Dan