Copper is
slumping, down 5% in the last month, due to increased inventories (doubling in three months). The mint stopped distributing pennies on February 3rd, 2013. It's Finance Minister Jim Flaherty's bid to save Canadians more money lol, since a penny was 1.6 cents. Financial institutions
will get reimbursed for collecting the metal.
(Prediction: banking windfall)
One Cent Coins to look for: (1) 1953-1979, (2) 1980-1981, and
(3) 1982-1996
Years |
Mass |
Diameter/Shape |
Composition |
2000–2012 |
2.35 g |
19.05 mm, round |
94% steel, 1.5% nickel, 4.5% copper plating |
1997–1999 |
2.25 g |
19.05 mm, round |
98.4% zinc, 1.6% copper plating |
1982–1996 |
2.5 g |
19.1 mm, 12-sided |
98% copper, 1.75% tin, 0.25% zinc |
1980–1981 |
2.8 g |
19.0 mm, round |
98% copper, 1.75% tin, 0.25% zinc |
1978–1979 |
3.24 g |
19.05 mm, round |
98% copper, 1.75% tin, 0.25% zinc |
1942–1977 |
3.24 g |
19.05 mm, round |
98% copper, 0.5% tin, 1.5% zinc |
1920–1941 |
3.24 g |
19.05 mm, round |
95.5% copper, 3% tin, 1.5% zinc |
1876–1920 |
5.67 g |
25.4 mm, round |
95.5% copper, 3% tin, 1.5% zinc |
1858–1859 |
4.54 g |
25.4 mm, round |
95% copper, 4% tin, 1% zinc (bronze) |
Penny production ceased on May 4th, 2011. So far, I think I'm down 10-15 cents on penny-rounding at stores.
No comments:
Post a Comment