Reach into your pocket and look in your loose change – can you see an 1867 to 1967 Canadian penny? Also known as the Canadian Centennial penny, this coin was released in 1967 to commemorate the Canadian Centennial.
To find out how much this penny is worth, including error coins, uncirculated coins, and mint condition coins, read our full guide below. This is a beautiful coin to find, and it marks a significant date in history. Even if it isn’t worth as much as you want, it may be good to keep hold of and pass down to younger generations!
1867 to 1976 Canadian Penny Value
The 1867 to 1967 Canadian penny value is $0.04. Although this is 4x what the 1 cent was originally worth when minted, it’s not the fortune you think it is! In fact, most 1867 to 1967 Canadian pennies are exactly what they seem – 1 cent pennies that can be spent around the country.
Collectors may be interested in having this centennial penny to complete their set of centennial coins (several were released in 1976), but individual coins are worth much less. This is for a few reasons:
- The coin was minted in 1976, which may seem like quite a long time ago, but in the history of coinage it’s actually pretty recent.
- Despite only being minted in one year, a lot of coins were minted. A total of 345,140,645 of these pennies entered circulation.
- While the majority of the circulated coins are in terrible condition, the gem mint ones aren’t exactly rare. Most serious collectors have no trouble finding one. There is no rarity here.
- For new collectors, it makes more sense to buy the entire set of centennial coins rather than finding the 1867 to 1976 penny individually.
Below you can find a chart explaining what you can expect in terms of sale and buy values, as well as error coins that may (or may not) be worth more.
How to Spot the Canadian Centennial Penny
The Canadian Centennial Penny is actually pretty easy to spot if it’s in good condition.
The front of the coin features a rock dove in flight, while the back of the coin features an image of Queen Elizabeth II as she was in 1976, the year the coin was minted. As Canada is a constitutional monarchy, the Queen was minted on all Canadian coins during her reign. New coins from the end of 2022 will be minted with the new monarch, King Charles, going forward.
The coin itself is made of a copper alloy with zinc and tin. Coins that are in poor condition will be very worn down – don’t bother listing these for sale, as they are only worth their face value. You will only get 1 cent for them!
Key Facts About the Penny
While it’s highly unlikely that anyone has created a fake Canadian centennial penny, as it’s only worth $0.04, you can still use these facts to figure out if you’ve got your hands on a genuine coin:
- Dates shown are 1867 to 1967,
- There is no mint mark,
- The weight of the coin should be 3.24g,
- The edge should be smooth rather than bumpy,
- It is not magnetic.
If you find a cent that has a mint mark or other feature that shouldn’t be present, that’s a good sign that it’s fake or has been tampered with for some reason. As the coin was only minted in one location, the Royal Canadian Mint didn’t give it a mint mark.
The rock dove design was created by Alex Colville, the celebrated Canadian artist.
Value Chart for the 1867 to 1967 Canadian Penny
Use this chart to figure out the value of your 1867 to 1967 Canadian penny. The value depends on whether it was circulated or uncirculated, as well as the grade. To get an accurate understanding of what grade your coin is, you need to send it to PCGS. However, this is not free!
You can compare your coin to other coins on sale to figure out what grade it likely is, however some collectors won’t buy a coin that hasn’t been officially graded by PCGS or another international coin grading company.
Prices are sourced from Coins and Canada and are accurate as of December 2022. All prices are in Canadian dollars (CAD).
|Uncirculated – MS-60 or below
|Uncirculated – MS-62
|Uncirculated – MS-63
|Uncirculated – MS-64
|Uncirculated – MS-65
|Uncirculated – MS-66
|Uncirculated – MS-67
So, the better the grade, the higher the cost. The reason why the sale price is lower than the auction price is because people need to make a profit! If you sell your coin to a pawn shop or website that buys coins to sell them on, they will need to give you a lower price than the value so that they can make some profit. In return, you get instant cash for your coin. If you want to get the full auction price, you will need to sell the coin yourself.
Grades go all the way up to MS-70, however records show that most high-quality Canadian pennies are around MS-64, fetching approximately $8 when sold.
Error Coin Prices
Error coins are coins that have an error on them, usually in the design but sometimes in the materials used. Importantly, these errors must have been made by the Canadian Mint itself. Any damage that occurs after it has left the mint is just plain old damage and will instantly devalue the cent.
There have been numerous self-reported error coins that have been found. These coins have not been verified by an official coin valuing company like PGCS. However, there is an official error coin noted.
|Error Coin and Grade
|Double Date – MS-63
|Double Date – MS-64
|Double Date – MS-65
|Double Date – MS-66
As so few error coins have been found and auctioned, you might find that the auction price is wildly different from what we have listed here.
Will Prices Go Up?
It is hard to predict any market, but it would make sense for prices to go up over time. This is because:
- The Royal Canadian Mint ceased distributing cents in 2013, so over time all Canadian cents will become rarer.
- Different error coins may be found and/or verified, giving you new coins to find that are worth a lot.
- The more time goes by, the higher the chance that more coins will degrade, and the remaining number will become rarer and rarer.
To get the highest possible price for your coin, you should have it professionally graded. After sending it to a grading company, they will verify its authenticity, give it a grade, and place it in a protective case before sending it back to you.
Where to Buy and Sell Collectible Canadian Coinage
Keeping in mind that the amount of money you get is likely to be a little less than the actual value (whether you’re selling it to a pawn shop or paying eBay or auction fees yourself), there are some great places to sell Canadian mint online.
To start, check out:
- eBay – the central hub for coin collectors around the world. The vast majority of coins are sold through eBay, so you have a much wider audience to sell to. However, it can be a bit like the Wild West with sellers hiding defects or damage, or asking for prices that are artificially high.
- Etsy – you can occasionally find coins for sale on eBay. You are also more likely to find bulk bags of coins on this platform that are damaged or deformed – perfect for craft projects, but not for collecting. It could be a good platform to sell coins that have no value.
For dedicated auction websites, where you sell your coin to the company rather than to a customer, take a look at:
- APMEX – with no fees, APMEX are an attractive option. They will give you a lower price for your coin, then sell it on for a higher price. If you need an instant sale, it’s a good option for medium-high value coins.
- JM Bullion – like APMEX, JM Bullion pay you for your coins and then sell them on for a higher price. They also deal with precious metals and other collectibles besides coins. They get a good number of customers though.
- Great Collections – if you are planning to have your coins graded or have a graded coin that you’d like to sell, Great Collections will be willing to purchase your coin off you. It’s a great place for serious collectors.
If you are located within Canada, you can also check for coin collectors and companies that are closer to home. For example, Canadian Coin & Currency is Canada’s largest full-service coin company that purchases coins and currency before selling it on to other collectors. They are a respected organization that you can use.
How much is the 1867 to 1967 Canadian penny worth?
A circulated Canadian penny marked with the dates 1867 to 1967 is also known as the Canadian Centennial Penny and is worth just $0.04 CAD. An uncirculated, high-grade penny may be worth as much as $300.
When was the 1867 to 1967 Canadian penny minted?
The 1867 to 1967 penny was minted in Canada in 1967 to mark the Centennial – 100 years since Canada gained independence from the British. It was only minted in this year, and a phenomenal number of pennies were minted in total.
How many pennies were minted in total?
345,140,645 pennies were minted and entered circulation, according to records. This includes error coins that are worth more than the standard coins. You can also find proof-like coins and specimen coins, which use the same design but are special releases from the Royal Canadian Mint. These are typically worth more than the normal coins.