Canadian pennies may not be in circulation anymore, but certain rare ones have become treasures for collectors. Some of these coins hold much higher value than their original worth. Here’s a guide to the top five most valuable Canadian pennies, with insights into their history, distinct features, and how much they’re worth today.
1. 1923 Small Cent
The 1923 Canadian Small Cent is one of the rarest pennies in existence, with only a limited number produced and even fewer preserved in good condition. Collectors highly value this coin for its low availability in high grades.
- Mintage: 1,019,002
- Material: Bronze
- Current Value: Up to $6,000 in high grade
- Key Feature: Low mintage and rarity in top grades
2. 1936 Dot Penny
The 1936 Dot Penny is renowned for its historical significance. Following the death of King George V, a dot was added below the date to indicate that the coin was minted afterward, which makes it extremely rare.
- Mintage: Unknown (very limited)
- Material: Bronze
- Current Value: Over $250,000
- Key Feature: Dot below the date, symbolizing historical importance and rarity
3. 1858 Large Cent
One of Canada’s earliest pennies, the 1858 Large Cent, was struck before Canada became a dominion. Its age and status as the first official Canadian penny make it a prized item among collectors.
- Mintage: 421,000
- Material: Bronze
- Current Value: Up to $10,000 in high grade
- Key Feature: First Canadian penny, highly valued for historical importance
4. 1925 Small Cent
The 1925 Small Cent is a sought-after coin for collectors, given its low production numbers and scarcity in good condition. Coins from this year are key items for Canadian penny collections.
- Mintage: 1,000,622
- Material: Bronze
- Current Value: Up to $2,000 in high grade
- Key Feature: Limited production, especially rare in high grades
5. 1967 Canadian Penny (Pointed 7)
The 1967 Canadian Penny with a “Pointed 7” is unique due to the shape of the “7” in its date, which stands out from other pennies of the same year. This small detail makes it a rare find for collectors.
- Mintage: Unknown
- Material: Bronze
- Current Value: Up to $300 in high grade
- Key Feature: Unique “Pointed 7” variety, a distinctive collector’s item
The top five Canadian pennies are fascinating collectibles with high values due to their rarity, unique designs, and historical background.
Although they are not in circulation, these coins hold substantial worth in the collectors’ market, with values ranging from hundreds to hundreds of thousands of dollars depending on the coin’s condition and significance.
Why are Canadian pennies valuable to collectors?
Collectors seek rare pennies for their unique features, low mintage, and historical value, making some worth a lot more than their original face value.
What makes the 1936 Dot Penny special?
The dot below the date signifies it was minted after King George V’s death, marking it as rare and highly significant.
How do I know if my Canadian penny is valuable?
Key factors include the coin’s year, condition, unique features, and low mintage. High-grade coins with special characteristics are often valuable.
Can I still use Canadian pennies as currency?
No, Canadian pennies were discontinued in 2013, but they remain valuable as collectibles.
Where can I sell a valuable Canadian penny?
Many collectors sell rare coins at auctions, online marketplaces, or coin shops specializing in numismatics.
