Comments on: 2012 Canadian Farewell to the Penny 1 Cent Coins Released

By: Rick

Rick — Thu, 03 Mar 2016 21:52:50 +0000

I really love this silver penny set and it’s old school design. I wish I would of picked one up. Oh well, I guess I could always trade my Ik and Truman RP for a set. I’ll just keep looking.

By: RG

RG — Mon, 08 Apr 2013 16:53:22 +0000

RG being from the U.S.of A I can say your all right about the coins down here that is why I switched to buying Canadaian coins a couple of years ago because of the beauty of the coins and the packaging any just thought I would let you know how I feel about the US coins over yours keep up the great work .

By: jim

jim — Sat, 13 Oct 2012 03:06:34 +0000

Mark –
The RCM isn’t quitting making pennies so they can sell more 2013 and beyond collector sets. They realize the penny doesn’t serve much purpose in commerce anymore and decided to stop making it because they can do without it, something the US Congress is unable to comprehend.

What makes you think they will include a penny in future sets? They’re making such a big deal out of it’s end they are extremely unlikely to ever mint a penny again. Don’t forget, they don’t have Dep Dir Peterson pretending to run the show up there so there’s no reason for them to lie about what they’re doing or may do in the future with a penny. Trust the RCM – the penny is gone and if you didn’t get any of the farewell coins or sets then you’re out of luck.

By: A&L Futures

A&L Futures — Sat, 13 Oct 2012 02:12:14 +0000

Not sure if anyone out there is interested in knowing this, but the Canadian Post has 5oz’s (Farewell to the Penny) for sale at the original price of $495.00.

http://www.canadapost.ca/shop/coins/silver/p-244002.jsf?execution=e5s1

Current Ebay listings are in the $630-$670 range.

By: mark

mark — Thu, 11 Oct 2012 19:57:41 +0000

mark
Really? Canada is not going to keep making the penny? Completely?
I don’t really have a comment on the concept of the “Farewell to the Penny ” commemoratives or the cost thereof, but eliminating their penny from all future proof and mint sets after 2012 (does the RCM make mint sets?) is a poorly thought out marketing strategy on their part. Imagine all those penny collecters out there forced to buy future Canadian mint & proof sets, just to keep their penny collections current – and they would too, if that was the only way to get Canadian pennies dated 2013 and later. I don’t think many would complain about the premium that they would have to pay either, because I suspect the value of those coins would probably escalate as time went by. Plus it would quiet much of the naysaying about eliminating the penny from common circulation, at least from the collectors end of it, because they could still get these coins in specially marketed sets. If the US ever decides to stop making the Lincoln Cent for general circulation, it too should think about continuing to provide these coins in mint and proof sets. I think it would be a win win win win money making idea for all, the US Treasury, the USM, collectors, and the general population at-large.

By: jim

jim — Tue, 09 Oct 2012 01:36:42 +0000

I don’t think of a $10 surcharge for silver commemorative coins or of a $35 surcharge for gold commemorative coins as gouging but it sure comes close to the spirit of it. But that’s the law, blame Congress for that, not the USM.

I’m not saying the US Mint should follow the RCM “lead”, just that the US Mint remains in the 18th century technologically and will never be able to match the innovative design level that the RCM has. Also the USM designers seem to be woefully lacking in inspiration or ability to come up with truly beautiful coins within the technology constraints they’re given unlike their predecessors (Weinman and Saint-Gaudens) of 100 years ago.

By: CW

CW — Mon, 08 Oct 2012 22:29:21 +0000

If ‘supporting the coin community’ is gouging the daylights out of them, this collector wants no part. And I certainly don’t want the US Mint to follow the RCM’s ‘lead’.

By: jim

jim — Sat, 06 Oct 2012 16:54:17 +0000

It’s not the only time Master’s Club members have bought out an issue before it was released to the public. That’s one of the privileges of being a MC member – advance notice and first dibs. Canada typically has small mintages for their specialty coins.They may have missed with the 5,000 limit this time but this is the exception, not the rule. Or, maybe a special bonus for MC members only, without being obvious about it. Personally, I think the RCM is much more sophisticated than the US Mint technologically, in packaging, and in marketing. I think they know their buying public pretty well, certainly better than the US Mint does.

As long as head-in-the-sand Dep Dir Peterson is in charge the US Mint will continue to ignore the coin collecting community.

BTW, you can also go to http://www.talismancoins.com located in the US. But, while showing the 5 coin set they also don’t have any.

By: A&L Futures

A&L Futures — Fri, 05 Oct 2012 21:56:14 +0000

BTW – the 5oz coin also SOLD OUT within the first week of release.

By: A&L Futures

A&L Futures — Fri, 05 Oct 2012 21:54:18 +0000

As a Master’s Club member with the RCM I was surprised to learn that the highly anticipated 2012 Farewell to the Penny Five-Coin Silver Set SOLD OUT in the first few hours of its offering. The entire production run (5000 units) were gobbled up by Master’s Club members. The household ordering limit (3ea) did little to ensure equal distribution.

If/when our U.S. Mint chooses to offer a tribute set honoring our cent, I hope they take a lesson from their/our mistake(s). These Mints continue to underestimate the coin collecting community at-large.

For anyone wishing to purchase Canadian coins outside of the RCM can do so by visiting the Canada Post website (link below). From time to time they offer coins which have otherwise SOLD OUT at the RCM at prices typically within the same price range of their initial release. I continue to hope they’ll have a small allocation of these tribute cents. Good luck to all…

http://www.canadapost.ca/shop/coins/gold.jsf