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2012 1c Canada's Last One Cent Coins - Last Day of Production - Copper-Plated Zinc (Sealed Box of 50 Rolls)
1 cent 2012 Copper Plated Zinc  - Last Day of Production Sealed Box of 50 Rolls
 
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Our Price: $379.95
Year: 2012


Stock Status:(out of stock)

Availability: Usually Ships in 2 to 3 Weeks
Product Code: 18412501

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This is a complete sealed 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 zinc one cent coins. While Canadian cent coins were produced from 1858 to May 4th, 2012, this mint box is an exceptionally rare and sought after collectible, having been produced on the very last day of production ever. While 2012 cent coins were produced over a period of about 120 days, only a very small number of complete sealed boxes have survived from the final May 4th, 2012 day of production. Most of the May 4th production run was used for a Royal Canadian Mint collector roll marked as part of the “last million cents”, which now sells for about $150 per roll in the secondary market.

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 the copper plated steel coins appear to have a slightly lower survival rate, the copper plated zinc coins are highly sought after as the true last cent coins of Canada.
Features
Produced By: RCM
Denomination: 1 cent
Variety: Copper Plated Zinc

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