Can you sell Canadian pennies?

Yes. The penny will retain its value indefinitely. As such, consumers can use pennies for cash transactions with businesses that choose to accept them. Canadians may redeem their pennies at their financial institution.

Is it legal to sell pennies?

Not only is it illegal to scrap copper pennies or any US currency but it can come with a costly fine and a visit to prison. Many times scrap yards are asked by people if they take pennies or other coins for scrap.

Do Canadian pennies have any value?

There is a rare penny from 2006 that’s worth thousands of dollars! The penny is supposed to have a small “P” below the image of the queen, but because of an error, some of them were released without the “P”. In 2013 one Canadian found a jar containing over $300,000 worth of these rare pennies.

What years of Canadian pennies are valuable?

The Rarest Canadian Pennies

• 1936 Canadian “Dot” Penny. At a 2010 auction, a Canadian penny made headlines for fetching more than $400,000 USD.
• 1953 Shoulder Fold (SF) Penny.
• 1955 No Shoulder Fold (NSF) Penny.
• 1923 Small 1-Cent.
• 1925 small 1-Cent.
• 2012 Canadian Pure Silver Farewell Penny.

Where can I sell my pennies for money?

Best places to sell coins online

• CoinsForSale.com Only 5\% to sell. No listing fee.
• Heritage Auctions 10\% fee. Consignment program.
• Ebay 12.35\% + $. 030 fee, plus listing fees.
• Apmex Well known. But won’t pay until after you’ve shipped your coins.
• Modern Coin Mart Won’t pay you until after you’ve sent them your coins.

Is it legal to pay a debt in pennies?

While federal law states that coins are legal tender, it does not compel anyone to accept them. If a business doesn’t want to take pennies — or a $100 bill, for that matter — it has a legal right to refuse them. So why does the government keep the penny around? The answer is simple: sales tax.

Is it legal to melt copper pennies?

In the US it is illegal to melt copper pennies and nickels since they are worth more than face value now. When they removed silver from the coins in 1969 they came out and said it was now legal to melt the silver coins.

Is it illegal to melt down pennies in Canada?

The law says destroying any legal tender is illegal however-a) it’s unlikely you’d get caught and if you did it’s unlikely they’d do much to you for melting down pennies and b) if you took a random bunch of pennies and melt Pennies remain legal tender in Canada although most businesses would likely refuse them for payment for anything.

Is it legal to melt a coin and sell it?

Melting a coin is taking it out of circulation and is perfectly legal unless there is a specific melt ban. In the US it is illegal to melt copper pennies and nickels since they are worth more than face value now. When they removed silver from the coins in 1969 they came out and said it was now legal to melt the silver coins.

Can I Sell my penny collection or coin estate?

It is easy to sell penny collections or coin estates from the privacy of your home without the delay of onsignment or hassle of eBay – and for a fair price. If you are looking to sell your entire cent collection to a trusted buyer with over 30 years experience buying from the public, you have found the right place.