Start Your 1947 Canadian Penny Business

Share This Post

1947 Canadian Penny – The business of buying and selling ancient coins will never die. There are also many communities of ancient coin collectors found. They will find out and dig up information about how to value a coin. One type of coin that is currently popular is the 1947 Canadian penny. Its popularity is arguably not much different from coins from the US and UK. 1947 Canadian penny value is also high and should reckon.

1947 Canadian Penny

In ancient times, the three countries known as the origin of the much sought-after ancient coins, namely the UK, the US, and Canada, were related to each other.

Specifically talking about the 1947 Canadian penny, the design or engraving on the surface of the coin shows Canada’s association with the United Kingdom in ancient times. It is this historical background that will influence the 1947 Canadian penny worth.

Referring to history, we know what the glory of France and Great Britain was like in the past. They left their country and colonized many other countries. Canada was ruled by the British Empire in 1947.

George VI was in charge since 1936. As a colony, George E. Kruger-Gray also designed the 1947 Canadian penny with George VI’s face engraved. Even the 1947 Canadian penny KG, the penny with the initials engraved with the legendary name has appeared since 1936.

The number of historical elements and complicated coin carvings make the selling value high. The price of the coin variations depends on the grading. Some coins have rare conditions and also differ in design or engraving. To see all that requires high accuracy and use the magnifying glass.

Unique Varieties of Canadian Penny

One of the most unique types of 1947 Canadian penny is the 1947 Canadian penny blunt 7. In the 1947 release, there was a difference in the shape of the numbers “7” and “1947” parts. This blunt 7 variation is in penny with a nominal value of 1 cent and 1 dollar. This difference is not striking and one must be very observant in assessing it.

The condition of each penny is different. Penny printed in ancient times is very likely to be damaged. A conservationist may also have taken various actions to improve the coin’s appearance to make it more attractive.

The use of these tools may erode the original design of the coin. Make sure that the sharp or blunt shape of the number 7 is the original design and not the because of the repair. It could affect “What is a 1947 Canadian penny worth?”

The 1947 Canadian penny with a high value has an original design from Krueger with a high level of smoothness, and no scratches from conservation equipment.

However, special conditions such as rare damage can also increase the coin value. That applies to all 1947 Canadian penny varieties.

Maple Leaf and Dot on the Penny

Talking about the 1947 Canadian penny, it turns out that we can find quite a few variations. One of them is the 1947 Canadian penny with a star. As far as I understand, this is not a real star but rather a picture of a maple leaf that is a characteristic of Canada and used as a symbol on their national flag.

It also refers to the 1947 ML Canadian penny, the initial ML stands for Maple Leaf.

The shape of the maple leaf is similar to a star. Especially, it is engraved with a small size on a penny. The position of the maple leaf carving is near the number seven, at the bottom.

You can imagine how high the level of difficulty is to make this coin with such a detailed size. That is what makes this 1947 one-cent Canadian penny value quite high and in demand by many people.

Another variation is the 1947 dot Canadian penny. This version does not have a maple leaf engraving; instead, it is replaced with a dot in the same position. This type will have a different price from maple because of the difficulty level.

Most Valuable Penny

What Canadian Penny years are valuable? During the reign of George VI from 1936 to 1952, the Canadian penny made by Krueger had a fairly intricate and fine design. You could say that all Canadian pennies have a high value.

However, specifically, the 1947 Canadian penny is the best. The many variations available with a high level of difficulty, as well as the error penny that can still be highly valued make this penny special.

The grading system created by the Numismatic Association helps us to know the standard of assessment and answer “Is a 1947 penny valuable?” For example, let’s talk about the 1947 Canadian penny worth 1 cent.

There are 3 variations of the penny, namely 1947, 1947 Pointed 7 Maple Leaf, and 1947 Blunt 7 Maple Leaf.

Grading and Level

The three variations will be priced based on several levels or grading: VG-8, F-12, VF-20, EF-40, and AU-50. Here is the explanation to determine how much is a 1947 Canadian penny worth today.

  • VG-8: There are no details on King George’s ears, and above his ears, there are no hair details. Features and features on the rim can be seen well. The text is still legible, and the use of coins is still possible.
  • F-12: At the back of the head and the top of the king’s ears, there is already visible hair. The rims are not the same, the writing can still be read, the details can still be seen quite clearly, and the coins are still decent and worn evenly.
  • VF-20: Details on King George’s hair do not reach the neck and temples. It’s still legible but starting to look worn, the details still look good, and the rims aren’t dirty but look worn at the bottom and the height.
  • EF-40: The details are still visible. In some spots, there is wear, part of the eyebrows, and hair on the temples of the king.
  • AU-50: The details are still visible. In some spots, there is wear and tear, on the eyebrows and ears of the king.

How much is my 1947 Canadian penny worth? You can use the grading standard so you can get the quality of the 1947 one-cent Canadian penny you want.

1946 Canadian Penny
1948 Canadian Penny
1945 Canadian Penny
1940 Canadian Penny

Share This Post