2012 CANADA SILVER 1/2 OZ CENT NGC PF70 FAREWELL TO THE PENNY W/ PINK GOLD LEAF

2012 ROYAL CANADIAN MINT
SILVER 1/2 OUNCE CENT FAREWELL TO THE PENNY
NGC PF 70 UCAM

Beautiful First Release 1/2 ounce Coin made in pure silver

with PINK GOL D Maple Leaf

VISUALLY STUNNING C OIN
CERTIFIED BY NGC
extremely rare limited cert ified mintage s

COIN SPECIFICATIONS: 1/2 OUNCE
COMPOSITION: PURE SILVER .999 FINE
MINTAGE: 30,000

The auction includes a 2012 Royal Canadian Mint Silver F arewell to the Penny 1/2 ounce Silver Coin, graded PF 70 UCAM by NGC.

There had been repeated debate about getting rid of the penny because of the cost of producing it and a perceived lack of usefulness. On December 14, 2010, the Senate finance committee recommended the penny be removed from circulation, arguing that a century of inflation had eroded the value and usefulness of the one-cent piece. People began hoarding these coins or simply avoided using them. In late 2010, finance committee members of the Canadian Senate estimated that the average Canadian had as many as 600 pennies hoarded away, taken out of circulation. On March 29, 2012, the federal government announced in its budget that it would withdraw the penny from circulation in the fall of 2012. Existing pennies will remain legal tender indefinitely; however, pennies will be withdrawn from circulation as of

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