Canadian pennies might no longer be used in everyday transactions, but they are still highly valued by collectors. Some of these coins are worth far more than their original face value,
especially the rare ones that can fetch impressive prices at auctions. In this article, we will explore the top five most valuable Canadian pennies, delving into their history, unique features, and current market values.
1. 1923 Small Cent
The 1923 Canadian Small Cent is among the rarest pennies ever minted. Produced in limited quantities, only a few high-grade examples remain, making it a prized find for collectors.
- Mintage: 1,019,002
- Material: Bronze
- Current Value: Up to $6,000 (in high grade)
- Key Feature: Low mintage and rarity in high grades
2. 1936 Dot Penny
The 1936 Dot Penny is another extremely rare coin. The “dot” below the date signifies that this coin was minted after King George V’s death. Its rarity and historical significance make it highly valuable.
- 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 as one of the first pennies struck by the Province of Canada before it joined the Dominion of Canada in 1867. Its historical importance makes it a favorite among collectors.
- Mintage: 421,000
- Material: Bronze
- Current Value: Up to $10,000 (in high grade)
- Key Feature: First Canadian penny, historical significance
4. 1925 Small Cent
The 1925 Small Cent is a key date for Canadian penny collectors. Its low mintage and the difficulty of finding high-grade examples make it a valuable addition to any collection.
- 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 Canadian Penny (Pointed 7)
The 1967 Canadian Penny with a “Pointed 7” is a rare variety that collectors seek. The pointed “7” is distinctively sharper compared to the rounded “7” on other pennies from the same year.
- Mintage: Unknown
- Material: Bronze
- Current Value: Up to $300 (in high grade)
- Key Feature: Unique “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 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 |
These five Canadian pennies are not just currency; they hold stories and history, making them cherished items for collectors. Whether you’re a seasoned collector or just starting, knowing about these rare coins can help you appreciate their value and significance.
Canadian pennies may have been discontinued, but their legacy continues through collectors. Understanding the most valuable pennies, such as the 1923 Small Cent and the 1936 Dot Penny,
can deepen your appreciation for numismatics. These coins tell stories of Canada’s past and can represent significant investments for collectors.
Why are Canadian pennies no longer in use?
Canadian pennies were discontinued in 2012 because they cost more to produce than their face value.
How can I tell if my penny is valuable?
Look for rare dates, unique features, or coins in high condition; these factors can greatly increase value.
Where can I find more information about coin collecting?
There are many online resources, clubs, and books dedicated to coin collecting.
What should I do if I think I have a rare penny?
Consider getting it appraised by a professional numismatist for an accurate value assessment.
Can I still spend Canadian pennies?
No, Canadian pennies are no longer accepted as legal tender, but they can still be collected and valued.
