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 Copper Penny Bullion Investing
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lewbo
Penny Sorter Member


USA
41 Posts
Posted - 09/05/2009 :  22:28:19  Show Profile Send lewbo a Private Message  Reply with Quote
Saw this auction of Ebay and I was wondering if this was a real cent members's and was everyone's opinion. I have always treated Canadian pennies the same as US. I did notice the header says 5000 and in the body it says 500, big difference. I emailed the seller for correct amount.

http://cgi.ebay.com/Lot-1937-1952-Circulated-5000-Canada-Penny-1-Cent-Coin_W0QQitemZ190332404145QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item2c50b201b1&_trksid=p3286.c0.m14

jadedragon
Administrator



Canada
2809 Posts
Posted - 09/05/2009 :  22:34:07  Show Profile Send jadedragon a Private Message  Reply with Quote
Don't recognize him - looks like a coin dealer. Note these are George VI pennies, sort of like wheats. At $99.95 for what must be 5000 coins that is around 2 cents each. Might be ok, I don't know what George VI's are worth really. It can't be 20 cents a coin though.
"It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things." - Leonardo da Vinci
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G Powerbuck
Penny Pincher Member



USA
220 Posts
Posted - 09/05/2009 :  22:37:49  Show Profile Send G Powerbuck a Private Message  Reply with Quote
It says in small letters
"This is a lot of 500 average circulated George V Canadian small cents. All coins will be dated between 1920 and 1936."

Under
"Lot 1937-1952 Circulated 5000 George VI Canada Penny 1 Cent"
Written in big letters

I think he is trying to make it look like you are buying $50 worth of George VI when you are really buying $5 of George V.

This is just what it looks like to me, however, he might just be making a mistake.
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lewbo
Penny Sorter Member



USA
41 Posts
Posted - 09/05/2009 :  22:43:16  Show Profile Send lewbo a Private Message  Reply with Quote
Yeah, I saw that and emailed him about it. What is the difference with VI and V? I guess what I am asking is which one should I get exicted about? I have been just putting all Candian pennies in one big bag that I find? Thanks for helping a newbie.
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jadedragon
Administrator



Canada
2809 Posts
Posted - 09/05/2009 :  23:07:32  Show Profile Send jadedragon a Private Message  Reply with Quote
George V (1920-1936 I think) is before George VI (1937-1952) The George Vs are pretty hard to find and have a different reverse to them. The George VI's have the same maple twig design as current pennies do and while not plentiful, you'll find a few in most boxes of Canadian pennies.

You might want to seperate the Canadian copper from the non-copper. Everything to 1996 is copper.
"It had long since come to my attention that people of accomplishment rarely sat back and let things happen to them. They went out and happened to things." - Leonardo da Vinci
How to Hedge Against Inflation (NEW) ~~~How to Invest in Copper Bullion at A Steep Discount~~~How to Teach Your Children to Invest in Precious Metals (NEW) ~~~How to Follow Gresham's Law
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biglouddrunk
Penny Sorter Member



86 Posts
Posted - 09/06/2009 :  01:56:47  Show Profile Send biglouddrunk a Private Message  Reply with Quote
George V are like Indian Head and George VI are like wheats.
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lewbo
Penny Sorter Member



USA
41 Posts
Posted - 09/06/2009 :  14:42:40  Show Profile Send lewbo a Private Message  Reply with Quote
Got a reply from the seller. the auction is for 5000 George VI and the new price is $149 with free shipping. So 3 cents a piece for a penny similar to wheats.
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