Last updated on May 2nd, 2024 at 03:33 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
Coin collectors have many options for putting together a collection of coins. Some collectors search for coins from a specific era, such as the reign of King George VI from 1937 to 1952. Other collectors want specific denominations, such as Canadian quarters. Many collectors choose larger denominations, not only as a hobby but hoping that they find that rare coin that may bring them a large cash return. Pennies are no longer minted in Canada, but they are still legal tender. In general, pennies aren’t worth much. However, they do offer some great opportunities for collecting.
Pennies Have History
Although there aren’t as many design options on pennies, there are a few commemorative editions that are fun to look for. The 1967 Canadian Centennial, the 1992 Canada 125, and the 2002 Golden Jubilee of Queen Elizabeth II are three special pennies that have historical value. Most people don’t use pennies any longer. The Canadian Mint has melted many pennies in circulation. These pieces of history might be gone without collectors.
The Composition of Pennies
Until 1996, most pennies were made of copper. From 1997 to 1999, pennies were made of zinc with a copper plating. Starting in 2000, the pennies were minted from steel, with a copper plating for colour. Older pennies weigh up to 2 grams more than the most current minted pennies. When the cost of copper increases, pennies from older eras can actually be worth more on the commodity market than they are as legal tender. Some people have been collecting pennies just to wait until the price of copper rises again to cash in.
Collecting Pennies Lets New Collectors Test Numismatics
There is a lot to learn when collecting coins. Determining the quality of coins is a challenge even for the most experienced. When you can go through many different coin rolls, you can see different levels of quality and cleanliness. Depending on the type of coin collector you are, there are many ways to organize a collection. Because pennies are so cheap and numerous, a budding collector could test different display options and learn about cleaning old coins without destroying their value before starting on to larger denominations. Collecting pennies can be a good way to share your hobby with kids. Maybe you’re not ready to invest in a full set of large denomination coins that they won’t appreciate. You can still connect over numismatics while searching for pennies.
How to Start Collecting Pennies
For many people, the best place to start collecting pennies is to look through your pocket change or piggy banks. Start with collecting pennies by years. Learn more about the valuable pennies and changes in pennies over the years to define your collection. Do some research on the variations of pennies that were minted, and which years are rarer to find. Ask your friends who have a jar of old coins if they’d let you sort through them looking for finds. Colonial Acres Coins has many 1-cent coins that will add interest to your collection. Even rarer 1-cent coins are affordable for your collection. Don’t discount the value of collecting pennies. Small cents can add up to big fun and value when you find the right pennies. Get started with your coin collection by shopping with Colonial Acres Coins.
