Canadian pennies are no longer in use, but they remain highly valued among collectors. Some rare pennies are worth far more than their face value, fetching impressive prices at auctions. In this article, we will explore the top five most valuable Canadian pennies, discussing their unique features, historical significance, and current market value.
1. 1923 Small Cent: A Rare Find
The 1923 Canadian Small Cent is one of the rarest pennies ever minted. With a production of just over a million coins, only a few high-quality examples exist today. This makes it one of the most coveted pennies for collectors.
- Mintage: 1,019,002
- Material: Bronze
- Current Value: Up to $6,000 (in high grade)
- Key Feature: Its low mintage and rarity in high-grade condition.
2. 1936 Dot Penny: A Coin with Historical Significance
The 1936 Dot Penny is another extremely rare coin. The small dot under the date marks this penny as one minted after King George V’s death. This coin’s rarity and historical value make it highly sought after by collectors.
- Mintage: Unknown (very limited)
- Material: Bronze
- Current Value: Over $250,000
- Key Feature: The dot below the date and its rarity.
3. 1858 Large Cent: Canada’s First Penny
The 1858 Large Cent holds great historical importance, as it was one of the first pennies struck by the Province of Canada before it became a part of the Dominion of Canada in 1867. Its place in history makes it a favorite among coin collectors.
- Mintage: 421,000
- Material: Bronze
- Current Value: Up to $10,000 (in high grade)
- Key Feature: Its status as the first Canadian penny.
4. 1925 Small Cent: A Valuable Addition to Any Collection
The 1925 Small Cent is a key date in Canadian penny collecting. With a limited number minted, finding high-grade examples is rare, which makes this penny valuable for collectors.
- Mintage: 1,000,622
- Material: Bronze
- Current Value: Up to $2,000 (in high grade)
- Key Feature: Low mintage and rarity in high grades.
5. 1967 Pointed 7 Penny: A Unique Variety
The 1967 Canadian Penny with a “Pointed 7” is a rare variety of this coin. The “7” on this penny has a sharp point, unlike the rounded “7” found on other pennies from the same year. This unique feature makes it highly desirable to collectors.
- Mintage: Unknown
- Material: Bronze
- Current Value: Up to $300 (in high grade)
- Key Feature: The distinct “Pointed 7” variety.
Overview of the 5 Most Valuable Canadian Pennies
| Coin | Year | Mintage | Material | Current Value | Key Feature |
|---|---|---|---|---|---|
| 1923 Small Cent | 1923 | 1,019,002 | Bronze | Up to $6,000 | Low mintage, rare in high grades |
| 1936 Dot Penny | 1936 | Unknown | Bronze | Over $250,000 | Dot below the date, extremely rare |
| 1858 Large Cent | 1858 | 421,000 | Bronze | Up to $10,000 | First Canadian penny, historical significance |
| 1925 Small Cent | 1925 | 1,000,622 | Bronze | Up to $2,000 | Low mintage, rare in high grades |
| 1967 Pointed 7 Penny | 1967 | Unknown | Bronze | Up to $300 | Unique “Pointed 7” variety |
Though no longer in circulation, certain Canadian pennies are highly valuable due to their rarity, historical significance, and unique features. For coin collectors, these pennies are more than just small pieces of currency; they are treasures that can fetch high prices at auctions.
1. Why are Canadian pennies no longer in use?
Canadian pennies were discontinued in 2013 due to the cost of production exceeding their value.
2. How do I know if my Canadian penny is valuable?
Look for rare features such as low mintage, historical significance, or unique characteristics like the “Dot” or “Pointed 7.”
3. Where can I sell my valuable Canadian pennies?
You can sell your valuable pennies at auctions, online marketplaces, or to coin dealers.
4. What makes the 1936 Dot Penny so special?
The dot under the date indicates that the penny was minted after King George V’s death, making it extremely rare.
5. How can I determine the grade of my coin?
Coin grading is typically done by experts who assess the condition of the coin. High-grade coins are more valuable.
