2012 CANADA CENT NGC MS66 RD NON MAGNETIC ZINC HIGH GRADE LAST YEAR OF ISSUE

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2012 CANADA CENT NGC MS66 RD NON MAGNETIC ZINC HIGH GRADE LAST YEAR OF ISSUE:
$2.13

2012 ROYAL CANADIAN MINT
2012 NON MAGNETIC COPPER PLATED ZINC CENT
NGC MS66 RD HIGH GRADE !!

LAST YEAR OF ISSUE

The sale includes a 2012 Royal Canadian Mint NON MAGNETIC or COPPER PLATED ZINC version of the cent in MS66 CONDITION as graded by NGC. This is a high-grade piece. There had been repeated debate about getting rid of the penny because of the cost of producing it and a perceived lack of usefulness. On December 14, 2010, the Senate finance committee recommended the penny be removed from circulation, arguing that a century of inflation had eroded the value and usefulness of the one-cent piece. People began hoarding these coins or simply avoided using them. In late 2010, finance committee members of the Canadian Senate estimated that the average Canadian had as many as 600 pennies hoarded away, taken out of circulation. On March 29, 2012, the federal government announced in its budget that it would withdraw the penny from circulation in the fall of 2012. Existing pennies will remain legal tender indefinitely; however, pennies will be withdrawn from circulation as of February 4, 2013.

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