Canadian pennies may no longer be in circulation, but many collectors seek them out, especially the rare ones that can be worth much more than their face value. Here, we’ll explore the top five Canadian pennies
that hold significant value due to their rarity, unique features, and historical importance. Read on to find out what makes these coins so special and see if you own a potential treasure!
1. 1923 Small Cent
The 1923 Canadian Small Cent is one of the rarest pennies minted in Canada. With just over a million produced, this coin is scarce, especially in high grades. Collectors prize it for its low mintage and rarity.
- Mintage: 1,019,002
- Material: Bronze
- Current Value: Up to $6,000 (in high grade)
- Key Feature: Low mintage and rare in high grades
2. 1936 Dot Penny
The 1936 Dot Penny is an extremely rare coin with a fascinating backstory. The dot below the date shows that the coin was minted after King George V’s death, making it a unique historical piece. Its scarcity has collectors willing to pay substantial amounts.
- Mintage: Unknown (very limited)
- Material: Bronze
- Current Value: Over $250,000
- Key Feature: Dot below the date, extremely rare
3. 1858 Large Cent
The 1858 Large Cent is notable because it was one of the first pennies minted by the Province of Canada before joining the Dominion of Canada. This coin’s historical significance, along with its limited availability, makes it highly sought after by collectors.
- Mintage: 421,000
- Material: Bronze
- Current Value: Up to $10,000 (in high grade)
- Key Feature: First Canadian penny, historical importance
4. 1925 Small Cent
The 1925 Small Cent is another rare coin for Canadian collectors. This coin’s limited mintage, combined with the difficulty of finding one in high condition, adds to its desirability and value.
- Mintage: 1,000,622
- Material: Bronze
- Current Value: Up to $2,000 (in high grade)
- Key Feature: Low mintage and rare in high grades
5. 1967 Canadian Penny (Pointed 7)
The 1967 Canadian Penny with a “Pointed 7” is a rare variety that coin enthusiasts actively seek. The sharper “7” in the date distinguishes it from other pennies produced that year, making it a unique find.
- Mintage: Unknown
- Material: Bronze
- Current Value: Up to $300 (in high grade)
- Key Feature: Unique “Pointed 7” variety
Summary of the Most Valuable Canadian Pennies
The table below provides an overview of these valuable Canadian pennies, including mintage, material, and current value.
| 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 date, extremely rare |
| 1858 Large Cent | 1858 | 421,000 | Bronze | Up to $10,000 | First Canadian penny, historical |
| 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 |
Collecting Canadian pennies can be a rewarding hobby, especially if you come across any of these valuable coins. Their rich history and unique features attract collectors who are willing to pay high prices, sometimes in the thousands,
for these rare finds. Whether you have an old penny collection or are just starting, knowing which Canadian pennies are valuable is a great way to uncover hidden treasures in your collection.
1. Why are Canadian pennies valuable to collectors?
Canadian pennies, especially rare ones, are valuable due to their limited mintage, historical significance, or unique features, which makes them rare and highly sought after by collectors.
2. How can I tell if my Canadian penny is valuable?
Check for key features like specific dates, mint marks, or unique designs such as the 1936 Dot Penny or the 1967 Pointed 7 Penny. Coins in higher-grade conditions are usually more valuable.
3. Are these valuable Canadian pennies hard to find?
Yes, many of these pennies are rare and may only be found through coin dealers, auctions, or in collections. Coins like the 1936 Dot Penny are especially rare and highly prized.
4. What makes the 1936 Dot Penny so valuable?
The 1936 Dot Penny is valuable due to its extreme rarity and historical connection to King George V’s death, as the dot below the date signifies that it was produced after his passing.
5. Where can I sell rare Canadian pennies?
You can sell rare Canadian pennies at coin shows, to coin dealers, or through online auction sites like eBay, where collectors often look for valuable and rare coins.
