Q:

How do you find the value of a Canadian penny?

A:

Quick Answer

Find the value of a Canadian penny by using an online price guide, such as those found on CoinsandCanada.com or CalgaryCoin.com, and comparing details about the year of its minting and image to determine price. Another option is to use a site such as eBay.com to compare current prices.

Continue Reading
How do you find the value of a Canadian penny?
Credit: Isabelle Schnoeckel First Light Getty Images

Full Answer

The biggest factors in determining the value of a Canadian penny are its year and its condition. Generally, the older the coin is, the more it is worth, though some newer coins feature special marks or characteristics that make them rarer and thus more valuable. The oldest Canadian pennies include a minting date of 1858 and continue up to 2012. As of 2015, the Canadian Treasury is not resuming production of one-cent coins. Another important factor that ties in with the age of the coin is the images that appear on the obverse and reverse sides. Most Canadian pennies feature an image of an English monarch, such as Queen Victoria or King George V.

After identifying the year and image of the coin, consider its condition. A coin that is free of scratches and holes has a high resale value, though in many cases it is not necessary to clean the coin because the process may cause excess damage. It is best to compare the condition of your coin to recent listings on an auction site, such as eBay.com, to gauge the current value.

Learn more about Currency & Conversions

Related Questions

Explore