ruckercolec
18h ago
COINS
Untitled Item
Key Facts & Value
Key Fact
Description
This is a Canadian one-cent coin featuring a portrait of Queen Elizabeth II on the obverse and a maple leaf on the reverse. It is made of copper-plated steel and has a plain edge. The coin was minted by the Royal Canadian Mint. Its diameter is 19.05 mm, and it weighs 2.5 grams.
History
The Canadian one-cent coin, often called the penny, circulated for over 150 years. The effigy of Queen Elizabeth II has appeared on Canadian currency since 1953. The maple leaf has been a symbol of Canada since the 18th century. The composition of the coin changed over time to reduce minting costs and reflect metal prices.
Facts
The one-cent coin was officially Canada's smallest denomination until its discontinuation. The coin's demise was attributed to its declining purchasing power and the increasing cost of production. Many Canadians still hold onto these coins as nostalgic reminders of a bygone era in Canadian commerce.
Value Fact
While circulated pennies hold minimal collector value, uncirculated or proof versions can fetch higher prices. The market for these coins is driven by nostalgia and the desire for complete date sets. Prices for common dates in circulated condition are typically under one dollar.
Item Details
Official Details
Variation Details
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