Top 5 Most Valuable Pennies – Rare Canadian Pennies in Your Pocket Change!!

North Central Coins
7 Oct 202353:19
EducationalLearning
32 Likes 10 Comments

TLDRIn this video, Dana explores the top five most valuable Canadian pennies that one might still find, including the 2006 non-magnetic penny and the 1962 variety errors. Historical context, production changes, and distinguishing features are discussed, along with potential values for collectors. The video also delves into the 1948 and 1949 pennies, highlighting their limited mintage and unique varieties due to India's independence and the resulting changes in coin inscriptions.

Takeaways
  • πŸ‡¨πŸ‡¦ The video discusses the top five most valuable Canadian pennies that one might still find in circulation.
  • πŸ“ˆ The rarity and value of Canadian coins are often tied to their historical context and production idiosyncrasies.
  • πŸ” Coin collectors should be aware of specific features like the non-magnetic 2006 P Canadian penny, which can be worth significant amounts.
  • 🧲 Using a magnet can help identify valuable Canadian proof sets, such as the 2005 non-magnetic Canadian proof penny worth up to $3,290 for a PL 67.
  • 🏦 The Royal Canadian Mint officially stopped distributing pennies in February 2013, but they remain legal tender.
  • πŸ€‘ Even common Canadian pennies can have value to collectors, especially if they're in high-grade condition.
  • πŸ”„ Changes in minting technology and design updates over the years have led to various coin varieties that are sought after by collectors.
  • πŸ“Š The value of a coin can vary greatly depending on its condition, with high-grade examples commanding much higher prices.
  • 🌐 The video encourages viewers to engage with the content by subscribing, liking, and turning on notifications for updates.
  • πŸŽ₯ The host shares personal experiences of hunting for coins and encourages viewers to share their own stories in the comments.
Q & A
  • What is the primary focus of the video?

    -The primary focus of the video is to discuss the top five most valuable Canadian pennies that one might still find today, their historical context, distinguishing features, and potential value.

  • Why were the Canadian pennies with the 12-sided design changed back to a round shape in 1997?

    -The Canadian pennies with the 12-sided design were changed back to a round shape in 1997 because the copper plated zinc coins produced proved difficult to plate in the 12-sided shape.

  • What is the significance of the 2006 P non-magnetic Canadian penny?

    -The 2006 P non-magnetic Canadian penny is significant because it is one of the rarest and most valuable Canadian pennies that one could potentially find. It is also known as the Holy Grail of modern Canadian pennies.

  • What is the value of a 2005 Canadian proof strike non-magnetic penny in high grade?

    -A 2005 Canadian proof strike non-magnetic penny in high grade (PL 67) can be worth up to $3,290.

  • How can one identify the 1962 guitar string variety of Canadian pennies?

    -To identify the 1962 guitar string variety, one should look under the '1' on the 1 cent coin where there should be lines running vertically to the top of the maple leaf. The lines for the guitar variety should be more narrow and pronounced, clearly making contact with the maple leaf.

  • Why were the Canadian pennies from 1982 to 1996 designed with a 12-sided shape?

    -The Canadian pennies from 1982 to 1996 were designed with a 12-sided shape to aid the visually impaired in identifying the coin more easily.

  • What is the official term for the Canadian penny that is no longer in production?

    -The official term for the Canadian penny that is no longer in production is the 1 cent piece.

  • What is the value of a 2006 P non-magnetic Canadian penny in a low grade state?

    -A 2006 P non-magnetic Canadian penny in a low grade state (VF12) can be worth around $40.

  • What year did the Canadian Mint officially stop distributing pennies?

    -The Royal Canadian Mint officially stopped distributing pennies in February of 2013.

  • What is the significance of the 1967 Canadian penny in numismatic history?

    -The 1967 Canadian penny is significant in numismatic history because it features a unique reverse side design, a Rock Dove, created by Canadian artist Alex Colville, replacing the iconic maple leaf design for that year only.

Outlines
00:00
πŸŽ₯ Introduction to Rare Canadian Pennies

The video begins with Dana from North Central Coins introducing the topic of rare and valuable Canadian pennies. Dana explains that while many legendary coins are extremely rare, the focus of the video will be on coins that viewers might actually find in their change jars or rolls from the bank. The historical context of Canadian penny production is briefly touched upon, and the video promises to explore the significance and potential value of these 1-cent coins.

05:04
πŸ’° The Value and Rarity of 2006 Canadian Pennies

The video delves into the specifics of the 2006 Canadian pennies, highlighting their rarity and potential value. It mentions the existence of six different varieties, some of which can be worth significant amounts of money. The 2006 P non-magnetic Canadian penny is discussed in detail, with its value ranging from $20 to $3,290 depending on its grade. The video also touches on the 2005 Canadian proof pennies and their values, emphasizing the 2005 P non-magnetic proof penny as a 'Holy Grail' coin for collectors.

10:09
🧲 Magnetic and Non-Magnetic 2006 Pennies

This section discusses the magnetic and non-magnetic varieties of the 2006 Canadian pennies, explaining how to identify them and their respective values. The 2006 P non-magnetic penny is noted for its rarity and value, with prices ranging from $40 for a VF example to $2,000 for an MS65. The video also covers the 2006 pennies with the Royal Canadian Mint logo, their magnetic and non-magnetic versions, and their values.

15:11
🏦 Finding Canadian Pennies and 1962 Penny Errors

The video provides tips on where to find Canadian pennies, such as banks, Facebook Marketplace, and local coin shops. It then transitions into discussing the 1962 penny errors and variations, which can be quite valuable. The hanging varieties, missing M variety, and doubling on the final three digits of the date are explained, along with their potential values. The video also describes the guitar and harp string varieties of the 1962 pennies and their significance.

20:15
πŸ“ˆ Values of 1962 Penny Errors and Variations

This part of the video breaks down the values of the 1962 penny errors and variations. The single hanging 2, double hanging 2, and triple hanging 2 varieties are discussed, along with their respective values depending on the coin's condition. The missing M variety and its potential value are also covered, as well as the combined missing M and hanging 2 error, which can be worth up to $2,500 in high grade. The video concludes with the values of the 1962 harp and guitar string varieties, emphasizing the rarity and value of the guitar variety.

25:20
πŸ”’ Pointed and Blunt 5 Varieties of 1965 and 1985 Pennies

The video discusses the unique varieties of Canadian pennies from 1965 and 1985, focusing on the pointed five and blunt five varieties. The pointed five is identified by its sharper, more triangular appearance, while the blunt five is more rounded. The video explains the factors contributing to these variations and their potential values, with the 1965 small beads pointed 5 being particularly valuable in high grade. The 1985 penny values are also discussed, with the pointed five being worth more in lower grades and the blunt five having significant value in high grade.

30:21
πŸŽ‰ Canadian Penny History and Machine Doubling

The video concludes with a discussion on the history of Canadian pennies, including the evolution of Queen Elizabeth II's portrait on the coin and the unique 1967 reverse side featuring a Rock Dove. The discontinuation of the penny in 2012 is mentioned, along with the reasons behind it. The video then transitions to machine doubling errors on 1978 and 1979 Canadian pennies, explaining how these errors occur and their impact on the coins' values. The different degrees of machine doubling and their corresponding values are detailed, emphasizing the rarity and potential find of such coins.

35:21
🍁 Rare Varieties of 1948 and 1949 Pennies

The video explores the scarcity and unique varieties of the 1948 and 1949 Canadian pennies, which are significant due to changes in coin inscriptions following India's independence. The production challenges and reduced demand for certain denominations in specific regions led to limited mintage for these years. The video describes the different varieties of these pennies, focusing on the positioning and size of the denticles and the orientation of the last 'a' in 'GRACIA'. The values for these rare varieties are provided, with the 1948 'a' pointing to a small denticle being particularly valuable, as well as the 1949 'a' pointing to a denticle being the rarest and most sought-after variety.

Mindmap
Keywords
πŸ’‘Canadian Pennies
Canadian Pennies refer to the one-cent coins that were once widely circulated in Canada but are no longer in production. The video discusses various rare and valuable Canadian pennies, highlighting their historical significance, design features, and potential value to collectors. The penny's official term is the 1-cent piece, and it was last minted in 2012, with distribution ceasing in 2013.
πŸ’‘Numismatic History
Numismatic history refers to the study or collection of coins, their minting, and the historical context surrounding them. In the video, this concept is explored to understand the importance of certain Canadian pennies in the country's numismatic past, including the reasons behind their designs and the events that influenced their production.
πŸ’‘Coin Roll Hunting
Coin roll hunting is the practice of searching through rolls of coins, typically obtained from banks, in the hope of finding valuable or rare coins. The video discusses this activity as a way for collectors and enthusiasts to potentially discover rare Canadian pennies, such as the 2006 P non-magnetic penny, which can be highly sought after.
πŸ’‘Proof Strike
A proof strike refers to a coin that has been struck using a special process to ensure a high-quality, sharp, and well-defined design. These coins are typically produced for collectors and are not intended for general circulation. In the context of the video, the 2005 P non-magnetic Canadian proof penny is mentioned as an extremely rare and valuable variety.
πŸ’‘Magnetic vs. Non-Magnetic Pennies
This refers to the composition of the Canadian pennies, specifically whether they are made of magnetic steel or non-magnetic copper. The video explains that certain years, like 2006, had both magnetic and non-magnetic versions, with the non-magnetic variety being particularly rare and valuable to collectors.
πŸ’‘Doubling Errors
Doubling errors on coins occur when the coin press strikes the coin more than once in quick succession or there is a slight shift during the striking process. This can result in a 'machine doubling' effect, where elements of the coin's design appear doubled. These errors can add value to a coin, especially if they are rare or significant.
πŸ’‘Harp and Guitar String Varieties
These are specific varieties of the 1962 Canadian penny that have unique design features on the strings of the harp depicted on the coin's reverse side. The 'guitar' variety has more narrow and pronounced lines, while the 'harp' variety has wider and less pronounced lines. These varieties are sought after by collectors due to their distinct appearance and rarity.
πŸ’‘Pointed and Blunt Five Varieties
These terms describe specific design features of the numeral '5' on certain Canadian pennies from 1965 and 1985. A 'pointed five' has a sharper, more triangular appearance at the end of the top serif, while a 'blunt five' is straight and does not come to a point. These varieties are of interest to collectors due to their unique design and limited mintage.
πŸ’‘Machine Doubling
Machine doubling is a type of minting error that occurs when a coin is struck by the coin press more than once in quick succession or if there is a slight shift or bounce in the coin press during the striking process. It can also be caused by deterioration in the die. This error results in a coin's design elements appearing doubled or having a parallel or shelf-like effect.
πŸ’‘Denticles
Denticles are the small tooth-like projections often found on the edge of coins, which serve both as a decorative element and as an aid for the visually impaired to identify the coin. In the context of the video, denticles are significant because certain Canadian pennies from 1948 and 1949 have variations in the size and positioning of these denticles, making them valuable to collectors.
Highlights

The video discusses the top five most valuable Canadian pennies that one might find in their change jar.

The penny is no longer in production in Canada, but is still legal tender and can be accepted at banks and financial institutions.

The production of the penny officially stopped in May 2012, and the Royal Canadian Mint stopped distributing them in February 2013.

The 2006 P non-magnetic Canadian penny is considered a Holy Grail coin and can be worth significant amounts of money.

The 2005 P non-magnetic Canadian proof penny is extremely rare and valuable, with a potential value of over $3,000 for a high-grade example.

The 1967 Canadian penny features a unique reverse design, the Rock Dove, which was the only year the iconic maple leaf was not used.

The Canadian penny's edge changed from round to 12-sided from 1982 to 1996 to aid the visually impaired in identifying the coin.

The Canadian penny was officially released in 1858 and has undergone several design and composition changes over the years.

The 1962 Canadian pennies have various errors and variations that can make them worth a significant amount to collectors.

The 1948 and 1949 Canadian pennies have limited mintage due to changes in inscription following India's independence and a decrease in demand for certain denominations.

The 1978 and 1979 Canadian pennies are known for machine doubling errors, particularly on the date, which can increase their value.

The 1965 and 1985 Canadian pennies have unique design features, such as the pointed five, that make certain varieties sought after by collectors.

The 1985 blunt 5 penny can be worth up to $1,500 if it is in high-grade mint state, making it a valuable coin to look out for.

The 1948 A pointing to small denticle penny is one of the most valuable varieties, with the highest graded known example being worth over $8,000.

The 1949 A pointing to denticle penny is also rare and valuable, with the highest graded known example being worth over $13,000.

The video provides tips on where to look for Canadian pennies, such as banks, online marketplaces, and local coin shops.

Transcripts
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