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The Ultimate Guide To Determining Your 1947 Canadian Penny Worth

butchkaliva December 26, 2024

How much is a 1947 Canadian penny worth?

The 1947 Canadian penny is a small, copper-plated steel coin that was produced by the Royal Canadian Mint from 1947 to 1964. It is the last Canadian penny to feature the effigy of King George VI, who died in 1952. The 1947 Canadian penny is a popular coin among collectors, and its value can vary depending on its condition and rarity.

The most common 1947 Canadian penny is worth around $0.10 in circulated condition. However, uncirculated coins can be worth significantly more, especially if they are in mint condition. The most valuable 1947 Canadian penny is the 1947 "Dot" penny, which was struck with a small dot above the date. This coin is very rare, and it can be worth up to $10,000 in mint condition.

The 1947 Canadian penny is a piece of Canadian history, and it is a popular coin among collectors. Its value can vary depending on its condition and rarity, but even the most common 1947 Canadian penny is worth at least $0.10.

1947 Canadian Penny Worth

Composition: Copper-plated steel
Weight: 3.24 grams
Diameter: 19.05 millimeters
Obverse: Effigy of King George VI facing left
Reverse: A maple leaf with the denomination "ONE CENT" below
Mintage: 114,225,000
Value: $0.10-$10,000

1. Composition

The composition of a coin is one of the most important factors that determines its value. The 1947 Canadian penny is composed of copper-plated steel, which is a relatively inexpensive material. This is one of the reasons why the 1947 Canadian penny is not worth very much today. However, the composition of the coin also makes it durable and resistant to corrosion. This means that 1947 Canadian pennies are often found in good condition, which can increase their value.

The copper-plated steel composition of the 1947 Canadian penny also gives it a distinctive appearance. The copper plating gives the coin a reddish-brown color, which is different from the silver color of most other coins. This makes the 1947 Canadian penny easy to identify, which can be helpful for collectors.

Overall, the composition of the 1947 Canadian penny is an important factor that determines its value and appearance. While the copper-plated steel composition makes the coin relatively inexpensive, it also makes it durable and easy to identify.

2. Weight

The weight of a coin is another important factor that can affect its value. The 1947 Canadian penny weighs 3.24 grams, which is slightly lighter than the 3.95 grams of the previous year's penny. This change in weight was due to the fact that the 1947 penny was made of a different composition, copper-plated steel, which is lighter than the bronze used in previous pennies.

Rarity: The weight of a coin can also be a factor in its rarity. For example, the 1947 Canadian penny is slightly lighter than the pennies that were produced in the years before and after it. This makes the 1947 penny more rare, and therefore more valuable, than the other pennies in its series.
Composition: The weight of a coin can also provide clues about its composition. For example, the fact that the 1947 Canadian penny is lighter than the pennies that were produced in the years before and after it suggests that it is made of a different composition. This is indeed the case, as the 1947 penny is made of copper-plated steel, while the other pennies in its series are made of bronze.
Value: The weight of a coin can also affect its value. For example, the fact that the 1947 Canadian penny is lighter than the pennies that were produced in the years before and after it makes it more rare, and therefore more valuable, than the other pennies in its series.

Overall, the weight of a coin is an important factor that can affect its rarity, composition, and value. The 1947 Canadian penny is a good example of how the weight of a coin can be used to determine its value.

3. Diameter

The diameter of a coin is another important factor that can affect its value. The 1947 Canadian penny has a diameter of 19.05 millimeters, which is the same as the diameter of the pennies that were produced in the years before and after it. This means that the 1947 penny is not particularly rare or valuable due to its diameter.

However, the diameter of a coin can be important for other reasons. For example, the diameter of a coin can affect its weight and composition. The 1947 Canadian penny is slightly lighter than the pennies that were produced in the years before and after it, and this is partly due to its smaller diameter. Additionally, the diameter of a coin can affect its appearance. The 1947 Canadian penny is slightly smaller than the pennies that were produced in the years before and after it, and this gives it a slightly different appearance.

Overall, the diameter of a coin is an important factor that can affect its weight, composition, and appearance. While the diameter of the 1947 Canadian penny is not particularly rare or valuable, it is still an important factor that contributes to the coin's overall value.

4. Obverse

The obverse of the 1947 Canadian penny features the effigy of King George VI facing left. This is significant because it is the last Canadian penny to feature the effigy of King George VI, who died in 1952. The effigy of King George VI was designed by T.H. Paget and was first used on Canadian coins in 1937. It is a classic and iconic design that has been used on many Canadian coins over the years.

Rarity: The fact that the 1947 Canadian penny is the last penny to feature the effigy of King George VI makes it more rare and valuable than other pennies in its series.
Historical significance: The effigy of King George VI on the 1947 Canadian penny is a reminder of Canada's history and its ties to the British monarchy.
Artistic value: The effigy of King George VI on the 1947 Canadian penny is a beautiful and well-executed design that is appreciated by collectors and non-collectors alike.
Numismatic value: The 1947 Canadian penny is a popular coin among collectors, and its value has been increasing in recent years.

Overall, the effigy of King George VI facing left on the obverse of the 1947 Canadian penny is a significant feature that contributes to the coin's rarity, historical significance, artistic value, and numismatic value.

5. Reverse

The reverse of the 1947 Canadian penny features a maple leaf with the denomination "ONE CENT" below. This is significant because it is the first time that the maple leaf has appeared on a Canadian penny. The maple leaf is a national symbol of Canada, and its inclusion on the penny helped to create a more distinctive and Canadian-themed coin.

Rarity: The fact that the 1947 Canadian penny is the first penny to feature the maple leaf makes it more rare and valuable than other pennies in its series.
Historical significance: The maple leaf on the 1947 Canadian penny is a reminder of Canada's history and its national identity.
Artistic value: The maple leaf on the 1947 Canadian penny is a beautiful and well-executed design that is appreciated by collectors and non-collectors alike.
Numismatic value: The 1947 Canadian penny is a popular coin among collectors, and its value has been increasing in recent years.

Overall, the maple leaf with the denomination "ONE CENT" below on the reverse of the 1947 Canadian penny is a significant feature that contributes to the coin's rarity, historical significance, artistic value, and numismatic value.

6. Mintage

The mintage of a coin is the number of coins that are produced in a particular year. The mintage of the 1947 Canadian penny was 114,225,000. This means that there are a relatively large number of 1947 Canadian pennies in circulation, which contributes to their low value. However, the mintage of a coin can also affect its value in other ways.

For example, a coin with a low mintage is often more valuable than a coin with a high mintage. This is because coins with a low mintage are rarer, and therefore more desirable to collectors. In some cases, a coin with a low mintage can be worth significantly more than a coin with a high mintage. For example, the 1947 Canadian penny with the "Dot" variety is worth up to $10,000, while the regular 1947 Canadian penny is worth only about $0.10. This is because the "Dot" variety has a much lower mintage than the regular penny.

Overall, the mintage of a coin is an important factor that can affect its value. The mintage of the 1947 Canadian penny is 114,225,000, which means that there are a relatively large number of these coins in circulation. This contributes to their low value. However, the mintage of a coin can also affect its value in other ways, such as by making it more rare and desirable to collectors.

7. Value

The value of the 1947 Canadian penny can vary dramatically, ranging from $0.10 to $10,000. This wide range is due to several factors, including the condition of the coin, its rarity, and the presence of errors or varieties.

The value of the 1947 Canadian penny is also affected by its rarity. The mintage of the 1947 Canadian penny was 114,225,000, which is a relatively large number. However, some varieties of the 1947 penny are much rarer than others. For example, the 1947 "Dot" penny has a mintage of only about 10,000 coins, which makes it much more valuable than the regular 1947 penny.

Finally, the value of the 1947 Canadian penny can also be affected by the presence of errors or varieties. Errors are mistakes that occur during the production of a coin, and they can make a coin more valuable. Varieties are minor differences in the design of a coin, and they can also make a coin more valuable. For example, the 1947 Canadian penny with a rotated reverse is a variety that is worth more than the regular 1947 penny.

Overall, the value of the 1947 Canadian penny is determined by a number of factors, including its condition, rarity, and the presence of errors or varieties. By understanding these factors, collectors can better determine the value of their 1947 Canadian pennies.

FAQs about 1947 Canadian Penny Worth

The 1947 Canadian penny is a popular coin among collectors, and its value can vary depending on its condition and rarity. Here are some frequently asked questions about the 1947 Canadian penny worth:

Question 1: How much is a 1947 Canadian penny worth?

Answer: The value of a 1947 Canadian penny can range from $0.10 to $10,000, depending on its condition, rarity, and the presence of errors or varieties.

Question 2: What is the most valuable 1947 Canadian penny?

Answer: The most valuable 1947 Canadian penny is the 1947 "Dot" penny, which was struck with a small dot above the date. This coin is very rare, and it can be worth up to $10,000 in mint condition.

Question 3: How can I tell if my 1947 Canadian penny is rare?

Answer: There are a few ways to tell if your 1947 Canadian penny is rare. First, check the mintage of the coin. The mintage of the 1947 Canadian penny was 114,225,000, but some varieties are much rarer than others. For example, the 1947 "Dot" penny has a mintage of only about 10,000 coins. Second, look for errors or varieties on the coin. Errors are mistakes that occur during the production of a coin, and they can make a coin more valuable. Varieties are minor differences in the design of a coin, and they can also make a coin more valuable.

Question 4: Where can I sell my 1947 Canadian penny?

Answer: You can sell your 1947 Canadian penny to a coin dealer, at a coin show, or online. When selling your coin, it is important to accurately describe its condition and rarity. You should also get a few different appraisals before selling your coin, to ensure that you are getting a fair price.

Question 5: How can I learn more about 1947 Canadian pennies?

Answer: There are a number of resources available to learn more about 1947 Canadian pennies. You can find books, articles, and websites that discuss the history, value, and rarity of these coins. You can also join a coin club or attend a coin show to meet other collectors and learn more about 1947 Canadian pennies.

Summary: The 1947 Canadian penny is a popular coin among collectors, and its value can vary depending on its condition and rarity. By understanding the factors that affect the value of 1947 Canadian pennies, collectors can better determine the value of their coins and make informed decisions about buying and selling.

Transition to the next article section: For more information on 1947 Canadian pennies, please see the following resources:

Canadian Coin News: https://canadiancoinnews.com/coins/1947-canadian-penny-value/
Numista: https://en.numista.com/catalogue/pieces10800.html
Royal Canadian Mint: https://www.mint.ca/store/coins/1947-cent-posi-prf-dollar-proof-set-prod777001

1947 Canadian Penny Worth

The value of a 1947 Canadian penny can range from $0.10 to $10,000. The most common 1947 Canadian penny is worth around $0.10 in circulated condition. However, uncirculated coins can be worth significantly more, especially if they are in mint condition. The most valuable 1947 Canadian penny is the 1947 "Dot" penny, which was struck with a small dot above the date. This coin is very rare, and it can be worth up to $10,000 in mint condition.