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RSA 1961 cancelled one cent coin!
I have been told the following by an old time coin dealer:
When the 1961 to 1964 one cent coins where pulled from circulation, the coins where sold as scrap metal. However, the face value of the coins where more than the metal value. So, some scrap metal dealers just banked the coins and made a nice profit in the process!
Subsequently to stop this practice, the coins where cancelled before selling them as scrap metal.
Most of the cancelled coins where melted down, so very few of these cancelled specimens remains today.
Here is your opportunity to obtain one of these scarce specimens!
Please judge grade from pictures:
Please note: Payment must be made within three days of auction close.
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