1940 Canadian Penny – Nowadays many people tend to keep their coins. Even some people who do not understand coins, actually keep them because they expect a higher value rather than face value. One of the considerations for getting a high value from a coin is to look at the composition of the main material.
Like the 1940 Canadian penny value which is made of 95.5% copper, the value can be high.
The higher the price of copper, the more valuable this coin is. Of course, this is also determined by several other assessment criteria that allow you to get a higher score than you think. Copper coins tend to increase every year. This is influenced by the increasingly expensive world copper prices.
Even many private companies are changing the composition of copper into other materials that are cheaper to mint coins.
For those of you who want to know all about the 1940 Canada penny and how much value you can get, then read this article to the end because we will provide a general guide for you.
What is a 1940 Canadian Penny Worth?
Before we discuss further the value that you can get, of course, you must know the history of making this coin. This copper coin is one of the coins that is generally used as a transaction tool.
The front design of this coin shows a portrait of King George VI. As we know that King George died in 1963 and was succeeded by Edward VIII who was his son.
But at the end of 1936, Edward abdicated his throne and gave it to his younger brother who was eventually crowned King George VI.
The reverse design features two maple leaves, which are leaves that represent Canada. This maple leaf also has twigs which eventually became known as Twig Maple Leaves.
In addition, there is also the year the coin was made, namely 1940, and the words “1 CENT”. You’ll also find K.G’s initials Kruger Gray who designed the 1940 Canadian penny.
To determine the 1940 Canadian penny value, collectors must also consider many important points. Like the condition of the coin, especially the surface of the coin which shows writing and pictures.
If the writing and pictures are clearer, then the value you can get is very high. On the other hand, when you have coins with missing text and images and some other damage, the price can go down.
In addition, the 1940 Canadian penny error is also an important consideration.
This coin was minted in as many as 85,740,532 pieces and became a circulating coin.
Therefore, errors are very rare because they are printed in large enough quantities.
With a large number of prints, these coins have become a means of payment that is generally used by the public. However, there are still many people who save it, rather than use it as a means of payment.
This is because this coin has a composition of 1.5% zinc, 3% lead, and 95.5% copper. Because it is this composition that makes the 1940 Canadian penny worth and you can get such a high value.
How Much is a 1940 Canadian Penny Worth?
To determine the 1940 Canadian penny value, of course, various important considerations must be made.
Starting from the condition of the coin, the surface of the coin to the damage to the coin. The better the condition of the coin, the higher the price you can get.
As we know that this 1940 penny was minted in quite large numbers and this caused this coin to go through many hands and undergo many changes. These coins include circulated or change hands.
Coins in circulation certainly have many changes on the surface. Although minted in large numbers, many people keep and make uncirculated coins.
The following are some considerations in determining the 1940 Canadian penny value:
• G4: Coins with this condition only show George’s silhouette.
• VG28 Very Good: The condition of the coin is only the ears and hairline. The eyebrows are worn out
• F12 OK: The condition of the coin shows that the cheekbones and eyebrows are worn. Then the hair started to disappear.
• Very Good VF20: This condition shows the eyebrows are worn out, then the hair and ear waves begin to flatten and lose detail. There is no mint shimmer on this coin anymore.
• AU50 Uncirculated: The coin has only a few wear marks and 50% of the mint luster is still there.
• AU55 Uncirculated: Very few traces of use, the ears, hair, and ear lobes are still clearly visible. In addition, the mint condition is still 75%.
• MS60 Uncirculated: This coin shows a condition that has never been used. Many parts are still intact such as the hairline, ears, and sparkle which are still very good.
• MS63 Uncirculated: This coin has never been used and still has the original mint shimmer. Although this coin will have minor scratches, it looks like it has never been used.
• MS65 Uncirculated: This coin has never been worn and is in like-new condition and has the original mint shimmer.
Same as in the 1941 Canadian penny value, here’s a 1940 penny value that you might get in uncirculated and circulated conditions:
• 1940 Canadian Circulated Penny: Circulated coins mean coins that are used and have changed hands. The value you can get starts from $0.15 in the VG-8 condition, 0.20 in the F-12 condition, $0.40 in the VF-20 condition, $0.75 in the EF-40 condition, and the highest value you can get is $1, 00 in AU-50 condition.
• 1940 Canadian Uncirculated Penny: Uncirculated coins mean coins that have never been circulated and are still in very good condition. Even this coin is the most valuable Canadian penny because it is still in very good condition.
Other Canadian Penny References:
” 1974 Canadian penny, 1976 Canadian penny value, 1978 Canadian penny value, 1983 Canadian penny, 1985 Canadian penny, 1993 Canadian penny, 1867 to 1967 Canadian penny value, 1952 to 2002 Canadian penny value, Canadian penny 1867 to 1992 value ”
The value you can get from $2.90 in MS60 condition, $12.10 in MS-63 condition, $20.60 in MS-64 condition, $48.40 in MS-65 condition, and 1940 Canadian penny value in MS-66 condition you can get $366. Of course, this price can increase according to market demand related to this Canadian penny.