A new bill was introduced yesterday that proposes the elimination of the Canadian penny. Abolishing a country’s smallest denominated coin is not new. It has certainly happened in the past, and several countries are publicly debating the issue or implementing a recall of their smallest coin right now.
As examples, in recent months and weeks there has been talk of Russia removing their one-kopek, Denmark saying goodbye to their 25-øre and Malaysia abandoning their one-sen.
Unlike the dilemma other countries face, like the U.S., the cost to manufacture the Canadian penny is actually less than its value. That’s one less obstacle to overcome for those who would like to keep it.
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CoinNews has added a Canadian Silver Coin Calculator, a collector tool that determines the value of silver within Canadian coins.
The calculator is very similar to the U.S. Silver Coin Calculator and the Australian Silver Coin Calculator. Some of the features include:
- Calculation in Canadian or U.S. dollars
- Listing of the total silver weight of coins in troy ounces and grams
- A user controlled bid/ask spread
- A Silver Chart that reflects the silver value of coins over time (in Canadian or U.S. dollars)
The collector tool provides calculations for silver coinage that circulated since 1920 to include:
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Special commemorative products to be issued
OTTAWA, ONTARIO / WINNIPEG, MANITOBA - January 2, 2008 – One hundred years ago today, Governor General Earl Grey activated the press to strike a fifty-cent piece, Canada’s first domestically produced coin. What would become known as the Royal Canadian Mint was officially open for business.
“To celebrate the centennial of the Mint is to celebrate the history of Canada,” said Mr. Ian E. Bennett, President and CEO of the Royal Canadian Mint. “Over the past century, the Mint has played an important role in the economic and social fabric of our nation, by creating circulation and commemorative collector coins which are a true testament to Canada’s rich heritage and values.”
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Two days ago, on October 24, the Royal Canadian Mint (RCM) released 25-cent alpine skiing coins to the public. These coins commemorate the Vancouver 2010 Olympic and Paralympic Winter Games.
Today, the RCM has confirmed reports that some coins made for collectors have a 2008 date on the obverse (heads) side instead of the correct 2007 date.
The error coins were limited to the Alpine Skiing Coin Sport Cards sold only through "Petro-Canada outlets and a small quantity of Vancouver 2010 Olympic Winter Games coin collections."
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