Wednesday, June 05, 2013

1944 Canada Cent

Have a 1944 Canadian penny and want to know its value?

Recently I have been getting a bunch of question about the value of the 1944 Canadian cent. Let me state this quickly. It is not rare and unless MS-65 or higher it has low value. Still of all the King George 1937-1952 regular cents it is the most valuable.

Because of World War II the amounts made were less than the previous year but that did not make it valuable. Eventually a bunch were recycled for the copper, still no change in value. Then the graders started noticing that very few of these coins were made sharply and in high grade.

Although older coins are rarer they were made better. As you can tell in the picture above the coin is not that sharp. Around the GEORGIVS VI D:G:REX ET IND:IMP: on the front you can tell the coin was not struck evenly. The IMP is almost faded and the rim around GEORGIVS is high. While for most coins this is normal Canada tends to have high standards and this year was not great.

Warning only for MS-65
If this coin were graded MS-65 it would be around $2,000 and that is a recent low as it use to be up to $3,000 a few years back. It is because of massive submissions to grading companies that the price has gone down. And still few ever reach those high grades.

Here's the stats...
Type/Country: 1 Cent / Canada
Year: 1943
Mintage: 44,131,216
Metal: 98% Copper,1.5% Zinc, and 0.5% Tin
Value: $3.00 in EF-40

In a low grade of good G-4 it is about $0.20.

Do you have a cent from Canada and want to know its value? Leave a comment/question and I will do my best to find out the price and history for you.

0 dollars worth, for Comments/Questions click here.: