What is a 1967 Canadian penny worth? This question often piques the interest of coin collectors and enthusiasts alike. The 1967 Canadian penny, also known as the “Penny of the Century,” holds a unique significance in the numismatic world due to its limited mintage and distinctive design. In this article, we will explore the value of this iconic coin and what factors contribute to its worth.
The 1967 Canadian penny was minted to celebrate the 100th anniversary of the Canadian Confederation. It features a design by Italian sculptor, Louis-Philippe Hebert, which includes a maple leaf, the year of minting, and the words “Canada” and “One Cent.” However, the coin’s mintage was only 1,020,000, making it one of the rarest and most sought-after Canadian pennies.
The value of a 1967 Canadian penny varies depending on its condition. Uncirculated coins, which have never been used in circulation, are worth significantly more than circulated coins. An uncirculated 1967 Canadian penny can fetch anywhere from $10 to $30, depending on its grade. The grade of a coin refers to its condition and is determined by factors such as luster, contact marks, and wear.
Circulated 1967 Canadian pennies, on the other hand, are worth much less. A circulated coin in good condition might be worth around $1 to $2. However, the value can increase if the coin is in exceptional condition or if it is one of the rarest varieties, such as the “D” mint mark, which is worth around $5 to $10.
Several factors can influence the value of a 1967 Canadian penny. The most significant factor is its condition, as mentioned earlier. Other factors include:
1. Mint mark: The “D” mint mark, found on coins minted in Winnipeg, Manitoba, adds to the coin’s value.
2. Variety: There are several varieties of the 1967 Canadian penny, such as the “No Maple Leaf” variety, which is worth around $30 to $50.
3. Provenance: The history behind the coin, such as its previous owners or its place of origin, can also affect its value.
In conclusion, the value of a 1967 Canadian penny can range from a few dollars to several hundred dollars, depending on its condition, mint mark, variety, and provenance. For coin collectors and enthusiasts, this coin is a must-have, and its value is only expected to increase over time. If you happen to come across a 1967 Canadian penny, take the time to assess its condition and value, as it could be worth more than you think.
