The Royal Canadian Mint produces Canada's circulation coins and collector coins: gold, silver, palladium, and platinum bullion coins. It also offers gold and silver refinery and assay services. These were referred to as 'Godless' coins, and in 1912 the words DEI GRA appeared (an acceptable abbreviation). In 1920, the coins changed from a large diameter of 1 inch to a small diameter of 3/4 inch (19.05mm) in order to save copper and to have the Canadian penny be the same size as the American penny. Canadian Large Cents from one of Ohio's largest and oldest coin dealers. Satisfaction Guaranteed. Coins from Canada are among the most popular for investors and collectors. Canadian silver coins from the 20th century are still widely collected today. They are an affordable choice for accumulating silver bullion in fractional amounts. Dimes, quarters, and silver dollars from Canada are all available for sale at Gainesville Coins!
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).[widgets_on_pages id=”ad3″]
As an investor, you can hold onto your Canadian pennies until such time it is legal to melt and capitalize on your own great metal investment!
If you don’t have Canadian pennies, that’s perfectly fine. In the United States you can hold onto your U.S. copper pennies dated 1982 and older as a great copper investment. After all, if Canada is eliminating the penny, the United States won’t be far behind.
Canadian Penny Melt Laws
Note that it is illegal to melt the Canadian penny:
“No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.”
– exert from the Source
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Canadian Penny 1945
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Want to buy Canadian copper pennies? Read this article with links to show you market free pricing:
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