2012 ROYAL CANADIAN MINT MAGNETIC COPPER PLATED STEEL CENT PCGS MS68 RD! TOP P OPULATION- NONE HIGHER. LAST YEAR OF ISSUE. SUPERIOR COIN – VERY HIGH GRADE PIECE! 2012 Royal Canadian Mint MAGNETIC. Or COPPER PLATED STEEL version of the cent in MS-6 8 RD as graded by PCGS. This is highest grade kno wn 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 Existing pennies will remain legal tender indefinitely; however, pennies will be withdrawn from circulation as of February 4, 2013. AMERICAN NUMISMATIC ASSOCIATION LIFE MEMBER. The item “2012 CANADA CENT PCGS MS68 RD MAGNETIC STEEL HIGH GRADE LAST YEAR OF ISSUE RARE” is in sale since Thursday, May 26, 2016. This item is in the category “Coins & Paper Money\Coins\ Canada\Small Cents”. The seller is “e_coins” and is located in Sayville, New York. This item can be shipped worldwide.
- Certification: PCGS
- Certification Number: 512707.68
- Grade: MS 68
- Country of Manufacture: Canada
About the author admin