Old Canadian Coins Worth Money – Even before Canada took its first steps towards independence through the Canadian Confederation in 1867, coins existed in the British North American colonies. In fact, the first Canadian coins were minted in 1858 in England, in denominations of 1, 5, 10 and 20 cents.
In fact, coin collectors really like Canadian coins. After all, those first numbers go back almost two centuries. Not to mention, due to factors such as rarity, condition, metal content, or appearance defects, some coins may be worth much more than others.
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Don’t be afraid to dig into your pocket for some of these examples. Whether you’re looking to make some cash on a well-preserved coin, or are looking for an interesting item to start a collection, or perhaps you’re drawn to some of the world’s rarest coins, look no further.
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In this article, we will show you 10 Canadian coins that are worth money. The list includes some examples of common varieties as well as some of the rarest Canadian coins. In addition, we will explain why these coins are valuable and how much they can be sold for.
To begin with, there are various factors that go into determining the value of a coin. Most often, the scarcity of a particular Canadian coin equals its rarity. Collectors and numismatists are willing to pay well above face value for a coin if it means adding a rare variety to their collection.
However, other factors can affect the value of a coin. This can be the year of issue, the condition of the coin, whether it has silver content, and especially mintage errors such as double dies or double strikes.
Estimated Canadian coin prices are the result of a series of sales and events, such as auctions, over the years in and out of circulation. As mentioned earlier, the following list contains extremely rare varieties and other not so common examples.
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In 1987, Canada officially changed the design of the famous Canadian dollar coin, and more than 200 million copies were minted. Loon Dollar, or
, shows the bird of the north on the reverse and is still found on $1 coins today.
Extended examples of first-year lunatics are generally worth face value in Canada. However, uncirculated editions can be worth anywhere from $17 to $149 in mint condition (price in US dollars).
The Canadian $2 coin was introduced in 1996. Following a similar process to the loonie, this coin was nicknamed
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. It is important to note that the first 60 million Toonies in 1996 were minted with German drawing plates purchased by the Royal Canadian Mint. These first coins have face lines and darker tones.
In circulation, the first toonies are worth the face value of the coin. Uncirculated copies can sell for $35 to $540 in mint condition.
The Canadian penny, or steel and copper penny, was introduced in 1858 and is one of the oldest denominations of coins in the country. But in 2012, Canada stopped production of the 1-cent coin, prompting the Royal Canadian Mint to melt down the coins in circulation.
For this reason, surviving examples of 2012 Canadian cents can, ironically, sell for more than pennies, given their numismatic value. An uncirculated coin can cost anywhere from $0.04 to $33 in premium quality, with additional dollars for the non-magnetic variety.
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Modern coins are mainly struck from steel, nickel and copper. However, silver was once the common choice for coins such as the Canadian 5-cent coin or the US silver coin. As time went on and the price of the precious metal troy ounce increased in value, this made the value of the metal in the silver coin far above its face value.
In 1921, Canada passed a law removing silver from the 5-cent coin and replacing it with nickel. As a result, the RCM melted down most of the pre-existing examples made that year with silver. There are believed to be around 400 left. Considered the Prince of the Canadian Mint.
They are estimated to be worth between $2,900 and $11,800. Unreleased copies have sold at auction for more than $50,000.
After removing silver from the 5-cent coin, Canada introduced the use of nickel for that denomination. At the same time, the part had a significant increase in diameter. The 1922 nickel, now made of nickel, is a landmark in Canadian money.
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The coin has two variants, close to the edge and far from the edge. Circled near-edge examples are valued at $0.40 to $26, while uncirculated examples are worth $35 to $650.
The Far Edge editions are worth more, valued at $0.50 to $44 in circulation, and $94 to $1,340.
Before the loonie, or Loon dollar, was introduced in 1987 to become the national symbol, the Canadian dollar had the iconic Voyageur design on the reverse. The Travelers Dollar was minted from 1935 to 1986 and was known as the Canadian silver dollar until 1967. The silver dollar, like other Canadian silver coins, changed content when the country’s silver mint began using nickel in its circulating coins. .
With this in mind, uncirculated pieces from the last year of minting can be worth $2 to $4 and cost anywhere from $11 to $70 in mint condition.
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As previously mentioned, the first Canadian coins were minted in England in 1858. These pieces had standard denominations compared to modern coins, with the exception of the 20-cent coin.
This currency was originally introduced to exchange between the Spanish American dollar and the Halifax shilling, both in use in the colonies. 5 local shillings equaled 1 dollar.
Despite this, the public had difficulty distinguishing between US 20 cents and quarters, as US coins also circulated in Canada. The Canadian coin was discontinued and eventually replaced by the Canadian 25-cent coin. Today it is considered a historical object of some monetary value.
As with the 1921 nickel, the first Canadian five-cent coin also has a silver composition. Before the common use of gold and silver coins as a means of investment in the precious metals industry, silver circulated in national currencies. This issue had over 1.4 million minted in England in 1858 and unlike
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Although still quite rare, this piece of history is generally worth $6 to $160 in circulation. Uncirculated copies range from $290 to $2,500.
If a 5 cent coin from 1921 is considered a prince, then a half dollar from the same year will be considered a prince.
During the early 20th century, demand for the 50-cent coin fluctuated dramatically among the population of Canada. A stock of over half a million 1920 and 1921 coins remained at the Royal Canadian Mint until 1929. The stock included all specimens minted since 1921.
The mint decided to melt down this supply when demand picked up again and used it to mint newer coins. There are only less than 200 copies left.
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In circulation, this rare coin is valued at $9,000 to $66,000. Uncirculated pieces can range from $81,000 to $261,000.
As is traditional on Canadian coinage, the obverse of all coins features an image of the reigning British monarch. In late 1936, Edward, having succeeded his late father George V, suddenly abdicated the throne. This led to complications in the production of the 1937 coin. This forced the Royal Canadian Mint to start planning again.
In early 1937, shortages of the 1, 10 and 25 cent coins led to the production of new coins with the old 1936 design. The RCM distinguished this series of coins by adding a dot to the reverse. However, only 25-cent copies were distributed.
There are only 3 known examples of the penny and one is owned by the Bank of Canada. To illustrate its reputation, one of these minted coins sold for a record $402,500 in 2010.
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A coin collection requires proper care and attention. The truth is that maintaining a hobby that can provide countless enjoyable moments goes beyond mere aesthetics. That’s why we’ve put together some tips to help you take better care of your precious collection.
Be sure to store your collection in a place protected from moisture, direct sunlight and stable temperatures. By doing this, experience shows that your coins are better protected against oxidation and tarnishing;
Never handle or use coins with bare hands. Our natural oils and microscopic dirt can seriously damage the value of a piece. Experts recommend using cotton gloves;
Adequate display of your collection can be done through closed boxes without PVC, as well as albums, tubes or holders without chemicals and acids. This method can guarantee safety against possible physical damage;
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Experts recommend that you leave the proper cleaning and evaluation of your coins to professionals. An untrained touch and inadequate tools may well damage the part.
If you believe the coin you own is valuable, experts suggest having it appraised by a professional, such as PCGS or NGC. By doing this you will be able to know exactly
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