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Canada introduced the penny to the Canadian coin collection. A penny from this era in good condition can garner as much as $350.00 in 2012.
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In 1914, the penny was worth $.20 in 2012.
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The Canadian Mint shrunk the size of the penny from its original size of approximately a quarter coin (25mm) to its modern day size (19 mm).
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A penny in 1935 was worth $.017 cents in 2012.
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By 1991, the penny was worth the same amount as it is today. in 1990, it was worth double that.
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Until 1997, the penny had a 98% copper composition.
It was converted to a zinc based coin with copper coating. -
With a current cost to produce a penny at 1.6 cents, the Royal Canadian Mint decided to discontinue the coin.
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Nearly the only thing a penny can still be used for is to purchase penny stocks.