Description: Dragon Scallop 2012 ROYAL CANADIAN MINT MAGNETIC COPPER PLATED STEEL CENT NGC MS68 !! LAST YEAR OF ISSUECANADA LABEL EXTREMELY HIGH GRADE The auction includes a 2012 Royal Canadian Mint MAGNETIC or COPPER PLATED STEEL version of the cent in MS-68 as graded by NGC. This is an extremely high-grade piece considering it was meant for circulation. 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 Existing pennies will remain legal tender indefinitely; however, pennies will be withdrawn from circulation as of February 4, 2013. Please bid with confidence - 100% positive feedback!! All orders are shipped the same or next business day. PCGS AUTHORIZED DEALER NGC/PMG AUTHORIZED DEALER AMERICAN NUMISMATIC ASSOCIATION LIFE MEMBER
Price: 249.99 USD
Location: Sayville, New York
End Time: 2024-12-26T06:00:03.000Z
Shipping Cost: 5.99 USD
Product Images
Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money back or replacement (buyer's choice)
Certification: NGC
Modified Item: No
KM Number: 490
Denomination: Small Cent
Country/Region of Manufacture: Canada
Circulated/Uncirculated: Uncirculated
Year: 2012
Grade: MS 68 RD MAGNETIC COPPER PLATED STEEL
Country of Manufacture: Canada
Certification Number: 4387804
