1976 Canadian Penny Value – On this occasion, we are going to discuss “1976 Canadian Penny Value”. Are you wondering, what the discussion will be? Seems an interesting topic, isn’t it? Did you know, when was the first time the penny was used?
In fact, the penny in the world firstly was used and struck in 1792.
The History Of Canadian Penny
The very first Canadian penny was made in 1858. Canadian monetary system ordered Royal Canadian Mint to issue the penny because they still relied on British coinage and the United States currency.
The large penny of 1858 – 1920 was larger than the modern one-cent coin. The pennies were issued in the 19th century.
Then, the penny has been reduced the size to match to American penny, so it can be accepted well by the citizen. Recently, the pennies produced in 1982 can still legally be used in circulation.
In 2006, the Canadian penny was at the peak of mintage because the Royal Canadian Mint produced more than 1,26 billion pennies.
And the last penny mintage was on 4th May 2012. In January 2013, the Canadian Coinage System disagreed with the government’s decision as they will take the pennies out of circulation. Thus, there will be no more pennies or coins in circulation.
The Royal Canadian Mint Company
This company is a coin mintage company based in Ottawa, Ontario, Canada (French: Monnaie Royale Canadienne).
The company was established on 2nd January 1908. It has not only coinage service but also precious metal storage, assay, and refinery. The owner of the company is the Government of Canada.
Technically, the president of the Royal Canadian Mint is commonly known as the Master of Mint. Marie Lemay is the president and CEO of the company who was appointed in 2019 until the present.
Beside coin production, the mint also designs and makes gold, silver, platinum bullion, medals, palladium, and tokens as well.
The company also gets more than twenty-three award-winning coins. You can also visit Royal Canadian Mint and see how the coins are produced, you can see also more than $1 million in pure gold bars.
What Does ”1976 Canadian Penny Value” Look Like?
It was made of Copper. The penny featured two maple leaves on the same twig. The maple leaf symbolizes a proud and the distinctive of Canada.
The composition are 9,8% copper, 0,5% tin and 1,5% tin. The weight was 3,24 grams and the diameter is 19,05 mm.
It was minted in Ottawa Mint, Ottawa, Canada. The total mintage of the 1976 Canadian penny value was 701,122,890. There is an initial KG under the maple leaves which was purposed for the designer, Kruger Gray.
The ruler of the nation at that time is Queen Elizabeth II. So then, the feature of the 1976 Canadian penny is the Queen’s portrait of the shoulder up.
And the surrounding is written “ELIZABETH II D . G . REGINA”. The full form of that is ELIZABETH II DEI GRATIA REGINA which means Elizabeth II, by the Grace of God, the Queen.
While the reverse side depicts a maple leaf twig with an inscription of “CANADA”.
Who Were The Designers Of The Coin?
The 1976 Canadian Penny value was designed by Arnold Machin and G.E. Kruger – Gray. Arnold Machin was born on 30th September 1911. He was very well-known as a British artist, sculptor also coin and postage stamp designer.
Machin studied at Royal College Art, London. He was chosen by Queen Elizabeth II to design a new image for decimal coinage which was used in Canada as well. He passed away on 9th March 1999 in Staffordshire.
G.E. Kruger Gray who had the complete name George Edward Kruger Gray was born on 25th December 1880 in Kensington, United Kingdom. He attended his education at the Royal College of Art.
He died on 2nd May 1943 in Chichester, United Kingdom.
A 1976 Canadian Penny Worth
Let’s get to know how much a 1976 Canadian penny worth in America? It is worth one cent. While we can compare it to the 1993 Canadian Penny Value which has an average of approximately worth $ 0.797 US cents.
1976 Canadian Penny Error
While the 1976 Canadian Penny value was produced and minted, there will be some errors and mistakes that happen technically, so then some coins will be not as perfect as the expectation.
Of course, not all coins, probably will be some of them. A group of coins that have distinctive characteristics was called variety.
Here are some common things that happen on 1976 Canadian Penny Error while coin mintage is off center error, broad strike error, clipped planchet, wrong planchet, brockage and die clash.
The penny with a very rare characteristic whether intentionally or unintentionally made will be worth more than a thousand dollars.
The Rarest Canadian Penny
Everyone will be wondering what is the rarest Canadian penny list that makes them very valuable in the world.
Other Canadian Penny References:
1934 Canadian penny 1940 Canadian penny 1941 Canadian penny value 1945 Canadian penny 1973 Canadian penny 1974 Canadian penny 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
One of them is valued at up to $1,066,000. Below are the three rarest Canadian penny lists:
- 1936 Canadian “Dot” Dime – This penny was minted in 1937 but the dot was added to the 1936 design. The total amount of this penny perhaps only five, so that makes the penny was very rare and has the most valuable worth.
Recently, the 1936 Canadian “Dot” Dime was valued from $144.500 up to $245.000 which is not a small amount to have if you sell it.
- 1921 50-Cent Penny – This one is well-known as the king of Canadian Coins. You will be wondering why? Let’s find it. The total mintage of this penny was 50 – 100 in circulation.
The company minted the penny for large numbers but very few only to be in circulation. And the rest were melted down to make the newest version.
That is why the uncirculated remaining coins are very valuable and can be worth up to $ 335.400.
- 1911 Canadian Silver Dollar – This coin became the world’s most valuable. And there were only 2 coins minted. One of them is now put at the Canadian Currency Museum located in Ottawa, Canada. And the other one was sold to a private collector in 2019 for $1,066,000. This is the highest price of Canadian coins.