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2012 1c Canada's Last One Cent Coins - Copper-Plated Steel (Sealed Box of 50 Rolls)
1 cent 2012 Copper Plated Steel  - Sealed Box of 50 Rolls
 
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Our Price: $489.95
Year: 2012


Stock Status:In Stock
Availability: Usually Ships in 3 to 5 Business Days
Product Code: 18402500

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This is a complete original mint box of Canada’s last one cent coins struck at the Royal Canadian Mint, containing 50 mint rolls of brilliant uncirculated 2012 copper plated steel one cent coins. Most of the coins in the rolls will grade as choice to gem uncirculated (MS-64 to MS-66). Original mint boxes include 50 standard shrink wrap rolls without a special wrap. Each roll contains 50 coins.

After a 154 year history, Canada’s one cent coin was officially discontinued on May 4, 2012. While the 2012 mintage was only about one third of typical mintages in earlier years, the rarity of this coin is in fact much greater than the mintage suggests. Financial institutions and even the Royal Canadian Mint were caught by surprise when the end of the one cent denomination was announced in the Federal Budget on March 29, 2012. At this time, the mint was well into production of the 2012 cent coins, but very few had been distributed yet to the financial institutions. Once the announcement was made that the cent would be discontinued, many Canadians cashed in their “penny jars” at banks and started spending their hoarded cent coins at stores. As a result, new cent coins were not needed in commerce, and very few of the newly struck 2012 coins ever entered circulation. After the cent was officially discontinued on May 4, 2012, all the remaining stock of 2012 cent coins was destroyed and melted down for recycling.

To make this issue even more interesting, two distinctly different types of coins were produced during the short 2012 production run. The first coins were produced using magnetic copper plated multiply steel blanks, while coins produced after this first run were struck using non-magnetic copper plated zinc blanks. While both varieties are scarce, the copper plated steel coins appear to have the lowest survival rate, and are the most difficult to obtain today.
Features
Produced By: RCM
Denomination: 1 cent
Variety: Copper Plated Steel

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