answersLogoWhite

0

The 1-cent coin is worth so little in a modern economy that it's not worth making anymore. Additionally, it costs the Canadian Mint more than one cent to make each penny.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

When was the first Canadian penny made?

1858


Is there an aluminum Canadian penny?

No. Canadian cents were made of bronze, and later made from copper-plated steel.


Is the Canadian penny magnetic?

The newer Canadian pennies are magnetic . Ex. 2007 and 2008 pennies are magnetic . the older pennies are not Ex. 1989.


Was there a Canadian penny made with a Canada goose on the reverse side?

yes I have one and am trying to research it.


Has Obama touched a Canadian penny?

Since the president made an official visit to Canada in February 2009, it is certain that he has seen and/or touched all denominations of Canadian money.


What is the oldest penny in Canada?

The first Canadian coins were made for the Province of Canada (now Ontario and Quebec) in 1858. They were produced up until Canadian Confederation. The first coins made for the Dominion of Canada were made starting in 1870.


What is a 16 penny nail made of?

A 16 penny nail is typically made of steel, which provides strength and durability for various construction projects. The term "16 penny" refers to the nail's size and weight, with longer nails typically having a higher penny size.


What types of bills and coins are no longer made?

There are some coins call half a crown and a ha penny they were made in britain in the 1900s


Why is 1974 Canadian penny colored gold?

Canadian cents, including the 1974, are copper colored, because they're made of or plated with copper. If you have a gold one, then someone other that the Royal Canadian Mint coated it with something else.


How much is a 1983 silver Canadian 50 cent coin worth?

By 1983, Canadian coins were no longer made of silver. It's worth 50 cents.


What is the value of a Canadian penny made before 1997?

One is worth at least 2 cents for the copper, and possibly more depending on date and condition.


Why is the penny no longer to b made?

If this question is in reference to the Canadian penny, there are two main reasons. The first is that it costs more than face value to produce one cent, and the second is that due to inflation, one cent is next to worthless. Cash transactions will be rounded to the nearest five cents, though credit card, check, and online payments will still be in exact amounts.