Penny will always be worth just a penny
What are residents to do with all those piggybanks full of pennies now that the federal government is abolishing the currency?
Although fake fake rolex rolex people might think the country’s most diminutive coin will appreciate in value once it’s out of circulation the cons fake rolex ensus among antique and coin collectors is this won’t be the case.
That’s also the advice of Hemant Prasad, manager of J M Coin and Jewellery in Vancouver. He said the only pennies of value are limited edition runs from the 1920s, with the 1922 penny fetching $15 and the 1923 penny worth $30 to collectors.
Other fake rolex wise, even a rare penny like a George VI from 1952 is worth only two cents, said Prasad. Most pennies are worth just that a penny.
The TD Canada Trust on Victoria Street is anticipating a barrage of people looking to exchange rolls of pennies for more valuable denominations.
“We’ll get a lot of people cleaning out their piggybanks,” said financial services representative Kellie Wodchyc.
She said many people already make weekly visits to the bank to trade in pennies.
Another option is to donate jars, tins, cans and rolls of pennies to charity. Heather McQueen of the Salvation Army said the agency will take as many as people are willing to give.