Well, they were until 1997. But how many earlier pennies were already re-smelted into newer pennies how many times over? The Canadian Mint has been pulling earlier coins with higher value base metals from circulation for years. And how many of those tons (literally) of pennies were later steel/zinc ones? And consider that just as many pennies are going to be forgotten under seat cushions, or hoarded in change jars as before, if not more now. So yeah, Canada no longer making a penny, and it slowly being phased out of use, will have absolutely zero effect on the price of copper.
I save my copper for shipping until I have at least a few hundred lbs. to cover shipping. That's because the local price is so bad compared to shipping the same product out to Vancouver. For example, #2 is $2.60 locally, $3.15 on the coast. And it only costs about $110 to ship 2 gaylords double-stacked, so pretty much all my copper, brass, etc. ends up going that way.
Last edited by zito; 02-14-2013 at 06:24 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks