Are you a collector of old Canadian coins? Have you wondered how much your 1867 to 1992 Canadian pennies are worth? This guide is full of expert advice and up-to-date valuation information, helping you find out how much your collection could be worth.
The Canadian penny was introduced in 1867 and was in circulation until 1992. Commonly known as a penny or a cent, the Royal Canadian Mint produced the one-cent coins in 1858 to avert the British monetary system. The 1867-1992 Canadian penny was issued to commemorate Canada's 125 years as a country. There were only 673,500,000 coins produced for circulation and only 147,100 as proof coins.
Since the 1867-1992 Canadian 1 cent coin was a special limited edition with the entire 125-year span on the reverse, it's highly sought after by collectors. Therefore, the value of the penny keeps increasing over time. Let's look at the specifications of the 1867 to 1992 Canadian penny and its value.
Canadian Penny 1867 to 1992 Value
The value of 1867 to 1992 Canadian Penny can be sorted depending on the coin's condition. Typically, a Canadian penny in circulated condition may be worth only a few cents, while a rare penny in uncirculated condition can be worth several hundred dollars or more. Here is a summary of the value of 1867 to 1992 Canadian Penny:
Grade 1867 to 1992 Canadian Penny Value Good (G) $0.052 Very Good (VG) $0.13 Fine (F) $0.13 Very Fine (VF) $0.13 Extremely Fine (XF) $0.13 Almost Uncirculated (AU) $0.13 Uncirculated (MS) $0.96 Proof (PL or SP) $1.53
The Canadian one cent from 1867 to 1992 is quite abundant, because of its high production volume. However, coins with MS+ grades are exceptionally rare and can go for a very high price. The auction record for a 1992 penny was $227.05 for an MS-67 graded coin.
Features of the 1867 to 1992 Canadian Penny
Issued by the Royal Canadian Mint in 1992, 1867 to 1992 Canadian coins were made of 0.980 copper, 0.005 tin, and 0.015 zinc. It has a weight of around 2.5 g, a diameter of 19.1 mm, and a thickness of 1.45 mm. While it may appear round, the Canadian one-cent penny is a 12-sided coin with a plain edge.
Designed by the engraver Dora de Pédery-Hunt, the obverse side of the 1867 to 1992 Canadian Penny is eye-catching. It features the profile of Queen Elizabeth II, the former Queen recognized by Canada. You'll see the Queen wearing the royal diadem, iconic earrings, and necklace.
She is facing right, and the words “ELIZABETH II” and “D. G. REGNIA” are inscribed around the portrait. D. G. REGNIA is the short form for Dei Gratia Regina, which is a Latin phrase that means “By the Grace of God, Queen.”
On the reverse side, you'll see two classic Canadian maple leaves and the words 1 CENT” inscribed above and “CANADA” below them. You'll find the commemorative dates 1867-1992 on the left of the leaves and the initials KG on the right of the leaves. The engraver George Kruger Gray designed the reverse side of the coin.
Grading the 1867 to 1992 Canadian Penny
When determining an 1867 to 1992 Canadian Penny value, collectors and numismatists grade the coin's value. They commonly use the Sheldon Scale, which ranges from P1 (Poor 1) to MS70 (Mint State 70) to grade your coin. Grading a coin can be complicated and requires expertise, experience, and a close examination of the coin's condition.
The condition of the 1867 to 1992 Canadian Penny can be graded from poor to uncirculated condition. Your coin can be graded into three categories; circulated, about uncirculated (AU), and uncirculated (MS). Here is an overview of how your coin can be graded:
1867 to 1992 Canadian coins in circulated condition have been in circulation and were used, meaning they became worn or damaged through normal handling. Circulated 1867 to 1992 Canadian coins can be graded from P1 to EF49. Here are the different categories of circulated coins:
- Poor (P): These coins have experienced major damage and wear and are barely identifiable. You can barely see the date and the mintmark.
- Fair (FR): These coins are easily identifiable but have major signs of wear and are generally smooth.
- Good (G): These are heavily worn coins with some features smoothened. However, most of the main features are visible.
- Very Good (VG): While the coins are worn, and the main features are quite faint, they are still visible.
- Fine (F): Despite the wear over the coin's surface, all its features are visible. However, the rims are fully separated from the design elements.
- Very Fine (VF): These are moderately worn coins with most of the major features and some of their minor visible
- Extremely Fine (EF): These are circulated coins in the best possible condition. All their details are visible despite the finer details showing sights of wear.
About Uncirculated (AU)
1867 to 1992 Canadian coins in About Uncirculated (AU) condition may or may not have been circulated. Therefore, they didn't maintain their mint condition. These coins can be graded from AU50 to AU59.
- About Uncirculated (AU50): These coins are eye-appealing but have small traces of damage on most of their raised features.
- Very Choice About Uncirculated (AU58): These are the best AU coins that are stunning and have an almost original luster. However, they have the tiniest signs of wear on their raised parts.
These are 1867 to 1992 Canadian pennies that were never circulated and retained their original mint condition. They are graded from MS60 to MS70 and are considered highly valued due to their pristine condition and rarity. Here are a few grades:
- Mint State Basal (MS60): These coins have no signs of wear but might have some contact marks
- Mint State Choice (MS65): These coins have a stunning mint lister and almost no visible contact marks
- Mint State Perfect (MS70): This is typically a Canadian penny in perfect condition. They have no flaws or damages, and everything from their luster, strike, and centering is perfect.
1867 to 1992 Canadian Penny Coin Errors
You should also keep in mind that coin errors can significantly impact the value of a coin.1867 to 1992 Canadian coins with errors are rare and unique, and as a result, they are often highly sought after by collectors.
The rarity and uniqueness of an error coin often result in a higher value, especially if the error is visually significant and affects the coin's appearance. Here are the main known errors for the 1867 to 1992 that could increase the coin's value:
- Die chip on the left leaf
- Dot between “C” and first “A” of Canada
- Flaw planchet on reverse
- Die chip on crown
- Die crack on “N” of Canada
Determining the value of your 1867 to 1992 Canadian penny is quite tricky. It's recommended to let a professional help grade and determine the value of your coin. Generally, the Canadian Penny can be worth a few to hundreds of dollars. If you're looking for rare, valuable coins, you can easily find them on popular online stores, including eBay, Etsy, and Numista. You should always ensure that you buy coins from a reputable seller.