Canadian penny value: One of the oldest coins Canada has ever made is the penny. Between 1858 and 1920, a lot of pennies were made. In 1920, it was replaced by the small cent. The small cent was made from 1920 until 2012 when the Harper government took it out of circulation. Banks will still take your extra pennies, even if you don’t know what to do with them. You shouldn’t waste any of the special coins on this list. So, without further ado, here are my top 10 rare Canadian pennies!
Canada’s most valuable pennies
1936 Dot Penny Most valuable rare Canadian pennies 1936 dot 1 cent
This list of rare Canadian pennies starts with the famous “dot” penny from 1936. This Canadian penny is the most valuable coin in the world.
The story of how the “dot” coins of 1936 came starts with King Edward VIII’s sudden departure from the throne at the end of 1936. This made way for King George VI to take the throne. In 1937, it was hard for the Royal Canadian Mint (RCM) to make coins because they didn’t have any dies with the new king’s face on them. The problem was fixed by making a small number of 1936 coins with a tiny raised “dot” just below the date to show that they were made in 1937.
The “dot” was only ever used to make 25-cent pieces, 10-cent pieces, and 1-cent pieces. The rarest one-cent coin is the “dot” coin from 1936. Only three of them are known to be in perfect shape. In 2010, one of these sold at an auction for more than $400,000!
Rare Laureate Portraits of Queen Elizabeth I.
The three early Elizabeth II coins with the Laureate Portrait are the rarest of all the Canadian pennies on this list.
The original design was created around the beginning of 1953, and it featured an image of the queen without a “fold” or “shoulder strap” on her garment. This design has much too many layers.
Late in 1953, a second design was created to make the image seem more like it did in real life; it had a lower relief and the “fold” or “shoulder strap” of the queen’s attire.
Oftentimes, distinguishing between the two requires some effort (especially on well-circulated examples).
The “I” in “DEI” on the edge of the coin is the most obvious difference between the two. Flared “I” pointing between two rim teeth characterizes the “no shoulder fold” form. The “I” is said to have a “shoulder fold” if it seems vertical and aligns with the rim tooth.
2. Tie Between the 1955 “No Shoulder Fold” (NSF) and the 1954 “No Shoulder Fold” (NSF) 1-CENTS
1.1955 NSF 1-CENT
The NSF penny from 1955 is one of the rarest Canadian cents ever made. By mistake, a small number of 1955 pennies were made with the “no shoulder fold or strap” dies from the older design.
Things like this usually go for anywhere from a few hundred to a few thousand dollars at the auction.
2.1954 NSF 1-CENT
A small number of 1954 cents were made with the NSF dies. They are often sold at auction for a couple of thousand dollars in sets that look like proofs.
1953 “Shoulder Fold” (SF) Penny
Most 1953 pennies had the NSF design, but by the end of the year, the standard for this series was the lower relief “shoulder fold” or “shoulder strap” design.
Some 1953 pennies were made with new, better dies, which makes it hard to find them. They can go for anywhere from $25 to several hundred dollars at the auction.
The 2006 “Magnetic” 1-CENT and the 2006 “P” No Logo, Non-Magnetic 1-CENT are both the same. 1-CENT
Most of these pennies are very old and were made before 1955. To show that coins don’t have to be old to be rare, I’ve included two modern rarities: the 2006 no “P” no logo, magnetic (steel core) penny, and the 2006 “P” no logo, nonmagnetic penny. Both are hard to find, but the second one might be even ■■■■■■ to find.
In 2006, the Royal Canadian Mint experimented with different metals and designs for the penny. In 2006, there were six different types of pennies: 2006 non-magnetic, 2006 magnetic, 2006 P non-magnetic, the 2006 P magnetic, the 2006 logo non-magnetic, and the 2006 logo magnetic.
Some of the pennies are worth one penny. Some are very rare and can go for hundreds of dollars at auction. The 2006 ones to watch out for are the ones with no “P” and no logo that are magnetic and the ones with no “P” and no logo that are not magnetic. The first one usually costs a few hundred dollars, while the second one can cost up to $900.
Pence since the start of the 1920s
Pennies from the early to mid-1920s are some of the hardest coins to find because they were made in small amounts and don’t survive very well. Because of this, they are not only great to collect, but they can also be good investments.
Very important to this collection are the pennies from 1922 to 1926. Also important, but not as much, are pennies from 1921 and 1927. People who collect coins pay a lot of money for these, especially the ones that are in good shape.
1923 1-CENT
1923 is the rarest year for a Canadian small cent. The number of coins made on this date is 1,019,022. Even though a few more were made than in 1925, when the number was lower, it looks like a lot fewer of these coins are still around today.
Low-quality items can sell for between $30 and $50 at the auction, while high-quality items in perfect condition can go for between $3,000 and $10,000.
1925 1-CENT
The only Canadian penny that hasn’t been made very often is the small cent from 1925. With just over a million hits, this penny is very rare.
A low-quality one can cost around $30, while a high-quality one in perfect condition can go for anywhere from $2,000 to $5,000 at auction.
1922 1-CENT
Only 1,243,635 1922 small cents were made, so it’s hard to find one.
At the auction, a low-grade coin can sell for about $20, while mint-state coins in better shape can sell for several thousand dollars.
1924 1-CENT
1,593,195 small cents were made in the year 1924. Even though more were made than the much rarer coins from 1923 and 1925, the number is still very low. I think this could be a good deal if you look at how prices have changed around this date.
Low-grade coins can sell for $10 at the auction, while high-grade coins can sell for several thousand dollars.
1926 1-CENT
There were a total of 2,143,372 small cents made in 1926. Low-quality coins can sell at the auction for just a few dollars, while high-quality coins can go for tens of thousands of dollars.
1921 1-CENT
The last rare Canadian penny on this list is the small cent from 1921. The government made a total of 7,601,627 small cents in 1921. This makes it the least rare of all the denominations that were made in 1921.
Low-quality versions of these coins often go for a few dollars in coin shops, while mint-state versions of the best ones can sell at auction for thousands.
Between the years 1867 and 1967, how much did a Canadian penny cost?
A Canadian penny from 1867 to 1967 was worth around $0.004. In any case, this is the least amount the coin might be worth. Values of various classes might vary greatly depending on their condition.
Canada’s centennial commemorates the issuance of centennial coins celebrating the country’s 100th anniversary, which occurred in 1967. Pennies have little value because of the high volume of manufacture.
Only the Canadian pennies issued between 1867 and 1967 were struck as commemoratives.
From 1867 to 1967, how many Canadian pennies were struck?
Canada minted a lot of penny coins, the country’s lowest monetary unit. From 1867 to 1967, a total of about 345,140,645 pennies were produced in Canada. Many of these pennies are still in circulation. As a result, buying power for such coins is almost nothing.
What did the Canadian penny look like between 1867 and 1967?
You’re aware that there are two unique sides to every coin. This 1967 Canadian cent is full of odd details. But, given this currency is still in circulation, you may have seen it in use today.
But for those of you who haven’t seen a 1967 cent before. The image of Queen Elizabeth II is centered on the front of the coin. The inscription of her name follows, starting on the left and continuing across the coin to the right in Latin script.
The reverse of the coin has an etched image of a dove in flight in the middle. Above the dove is the price in cents. In addition, the words “CANADA 1867-1967” are etched onto the surface.
That’s true on both sides of the coin. If any of these features are lacking, you should have an expert verify the coin’s authenticity. They will take their time inspecting it to ensure its authenticity.
From 1867 through 1967, what was the content of a Canadian penny in terms of metal?
A cent coin would naturally be minted in bronze, and the coin’s hue may lend credence to that assumption. If you want to melt the coin, knowing what metals it’s made of is essential. Therefore, it would help you learn about the metals that can be mined.
The Canadian penny was in circulation from 1867 to 1967 and was struck from 98% bronze, 1.5% zinc, and 0.5% tin. All of these things go towards making a Canadian cent from 1967.
During its circulation from 1867 to 1967, what characteristics did the Canadian penny have?
Details like the weight and composition of a penny’s metal might help you determine whether it is an authentic piece of history. As a result, if you wish to collect Canadian pennies from 1967, you need to study the coin thoroughly.
The Canadian one-cent coin from 1967 weighs roughly 3.24 grams. The coin is precisely 19.05 millimeters in diameter and 1.65 millimeters thick.
Based on these details, you can tell if the Canadian cent in your possession is genuine. To get a more in-depth analysis of the coin, a professional opinion should be sought. In addition to authenticating the coin, they may also give you a fair price for it.
Between the years 1867 and 1967, Canadian Pennies were struck at which mint?
The Canadian cent from 1967 was struck in a massive quantity and circulated for a very long period. Despite their low value, they were the most extensively accepted and circulating currency.
However, the pennies were solely manufactured in the Royal Canadian Mint in Ottawa. It is one of the oldest mints still in operation, having issued currency of all series from 1908.
Does the 1867-1967 Canadian penny have a mintmark?
Money printed by a certain mint will always have that mint’s distinctive “mintmark” to prove its legitimacy. The mintmark on a coin or banknote is another way to verify its authenticity.
There was no mint mark on Canadian pennies issued between 1867 and 1967. There is no mintmark on 1967 pennies since they were only struck at one facility.
How much is a 1914 penny worth today?
Pricing the 1914 Lincoln Penny
| DATE | GOOD | UNCIRCULATED |
|---|---|---|
| 1914 Lincoln Penny | $0.75 | $40 |
| Lincoln Penny, 1914 (D) | $200 | $1500 |
| Lincoln Penny, 1914 (S) | $24 | $175 |
| People regularly ask scrap yards if they take pennies and other coins. |
Summary
Canadian penny value? The monetary worth of a coin is determined by a wide variety of factors. Many factors influence whether an item is desirable to collectors, including its condition, age, historical relevance, rarity, quality, and design. While there are certain exceptions, usually based on rarity, most silver coins in circulation in the United States and Canada are worth their real silver value.
Frequently Ask Questions
1. What are the most valuable years of Canadian coins?
Canada’s Finest Pennies
- 1936 Canadian “Dot” Penny. In 2010, a Canadian penny got a lot of attention when it sold at an auction for more than $400,000 USD.
- 1923 Small 1-Cent. 1925 Small 1-Cent. Penny from 1953. Shoulder Fold. 1955 Penny with no shoulder fold (NSF).
- Canada’s 2012 Farewell Penny is made of pure silver.
2. Can you find out how much old Canadian pennies are worth?
Look at these rare Canada cents, along with their mintages and approximate base-level retail values: In 1922, 1,243,635 coins that were worth $15 or more were made. In 1923, 1,019,002 coins that were worth $30 or more were made.
3. Can Canadian nickels still be withdrawn from banks?
Yes, Canadian banks still accept pennies as legal cash payments.
4. What can I do with all my Canadian pennies?
If you buy coin rollers from your bank or a stationery store, you can roll up to fifty pennies per roll and trade them in for cash at your bank. Some banks have automatic coin counters in the lobby, but you should know that some of them charge for the service.
5. How much is a Canadian penny with a bird on it?
From 1867 to 1967, a Canadian penny was worth about $0.04. But this is the least amount of money you could get out of the coin. Different grades have different values based on where they are. What is this?
6. Will banks still take pennies in 2022?
Yes, banks will still take pennies. But most banks will require that they be rolled.
7. How can I trade pennies for cash?
Banks let people trade their coins for cash, giving them the full value of their coins. Banks don’t charge customers a fee when they deposit coins, but many require that the coins be rolled in wrappers. Some banks, like Wells Fargo, will exchange rolling coins for people who are not customers for free.
8. How can I exchange my Canadian money?
If you have a collection of very valuable coins, you might want to contact an auction house. If you have a collection of less valuable coins, you can sell them to a dealer or privately. Get in touch with a dealer first if you want to talk about more than a few coins and be clear if you don’t want to sell. There may be an assessment or consultation fee.
9. Can Canadian coins be recycled?
Yes, but it’s much easier to take them to a bank or a coin dealer. The Canadian Currency Act, on the other hand, says that you can’t melt or break any legal coin, even if you have room to store it.
10. Will copper be exchanged for pennies?
It is against the law to scrap copper pennies or any other US currency. Doing so can get you a big fine and a trip to jail. People regularly ask scrap yards if they take pennies and other coins.
11. What is wrong with a Canadian penny from 1967?
In the 1970s, a small, doubled die variety was found on the front of some of these coins, most notably in the letters “D • G • REGINA.” This doubled die has pivoted hub doubling, which is usually only seen when you look closely.
- What is the rarest Canadian penny?
1923 1-Cent
The 1923 small cent is the rarest date for a Canadian penny. Even though a few more were made than the lower mintage for 1925, the official mintage for this year is 1,019,022, and it looks like much less was kept.
13. Is a Canadian penny from 1983 still valuable?
A 1983 cent is worth at least $0.002 because of the value of the metal it is made of.
14. How much will a copper penny be worth in 2022?
Pound price of zinc on September 8, 2022. The CME prices these metals in pounds, so to convert them to grams, we must multiply the price of the metal by.00220462262. On September 8, 2022, a 1909–1982 copper cent is worth $0.0231189 when melted down.
15. How much is a copper penny worth as scrap metal?
Older copper-containing pennies are often worth more as scrap metal than they are worth as money. Even though the price of copper on the market changes every day, many people think that a copper penny is worth about 1.5 cents.
16. What Canadian coin is the most sought after?
Only two 1911 silver dollars are known to exist. They are known as the “holy grail” of Canadian coins. Silver was only used for the first two. The auction house says that Cook spent close to $1 million on that coin alone.
17. Where can I trade in my old pennies?
The Numismatic Guaranty Company (NGC) and the Professional Coin Grading Service are the two biggest and most well-known places to do this (PCGS.) If you don’t want to pay for a membership to either coin grading service, you can pay a local coin dealer to send in your coins for you.
18. How much is a Canadian penny from 1965 worth?
The value of the metal in a 1965 cent means that it is worth at least $0.02.
19. Can I take pennies out of my bank?
It seems unlikely, but you should ask your bank. Since February 4, 2013, when the Royal Canadian Mint stopped getting pennies, banks may no longer have pennies to give to customers.
20. Can I pay a bill at my bank with pennies?
Yes, pennies are still legal currency in Canada, and banks will take them.
Conclusion
Canadian penny value? A Canadian penny is not worth much unless it is very rare (if anything). If you have enough money, you might be able to sell a Canadian penny with a rare flaw for thousands of dollars. Then it would be smart to check your coin jolt. I hope you now know how much a Canadian penny is worth in the United States.