The Canadian penny is slowly being phased out and to be honest I won’t miss having to carry them around in my wallet or hunting them down in the crevices of my car when grabbing coffee at the drive through. However, I am sure they will be missed in the old penny loafers and in small children’s piggy banks. I remember how rich I thought I was because of the all the pennies I had saved; if only the ‘volume’ of money could create that same feeling for me today.
Did you know….
- In 1797 the first British copper penny was struck and minted on a steam-powered press designed by James Watt and Matthew Boulton.
- Until 1996 pennies were made mostly of copper.
- Since 1997 pennies were made with copper-plated zinc or copper-plated steel.
- In 1858 Canada’s first penny was struck by the British Royal Mint in London.
- In 1908 the British Royal Mint opened a branch in Ottawa.
- In 1931 the mint became a wholly Canadian Institute and was renamed the Royal Canadian Mint.
- The 1936 dot is Canada’s most valuable penny worth over $400,000. There are only three known specimens to exist.
- In 1976 the Royal Canadian Mint officially opened and began production of circulation coins in Winnipeg.
- Since 1908 35 billion pennies have been minted.
- Total weight – 94 million kg, 103,617 tons, almost 2x the Titanic.
- Stacked up – 52,600 km high, almost 100,000 CN Towers.
- Side by Side – they would circle around the earth 16 times.
- A penny weighs roughly the same as a small Hummingbird 2.35 g.
- From 1982 – 1996 the shape of the penny changed from perfectly rounded to 12 sided.
- On May 4, 2012 the last penny was struck in Winnipeg
- On Feb 4, 2013 the Royal Canadian Mint ceased distribution of the penny
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