2005-P Canada 1-Cent Non-Magnetic Penny ICCS Graded MS67 – VERY RARE

BEAUTIFUL RED PENNY – VERY RARE ERROR COIN in an EXCEPTIONALLY HIGH GRADE

Diameter: 19.05mm

Weight: 2.25g

Composition: Copper Plated Zinc

The P designation was used in 2005 to distinguish coins made with Canadian planchets with steel cores which are attracted to a magnet (magnetic), while coins struck on planchets with zinc cores, did not have the “P” mint mark (non-magnetic).

The 2005P non-magnetic coins were created when the RCM struck coins on zinc-cored blanks using dies intended for steel-cored blanks. It is not known if the errors were created when the wrong die was used, or if the wrong blanks were used, or if just a few zinc blanks got mixed in with steel ones, but very few 2005P non-magnetic coins are known to exist.

NBU, or Numismatic Brilliant Uncirculated, is the term used to describe coins sold in Uncirculated sets rather than issued in rolls as business strikes. The fact that these error coins have this designation, implies that they may only exist in sets.