There are two ways to determine the 1974 Canadian penny value. You can either find coins in uncirculated condition or circulated condition. The difference between these two conditions is their grade. Uncirculated coins are free of any marks from usage, while circulated coins have numerous blemishes and are therefore worth less. If you want to find the value of a 1974 Canadian penny, you must be able to identify both types of coins.
The first is to determine whether or not your coin is a proof. Proofs are coins that have a high lustre finish, while specimens have a faint reverse cameo. Specimen strikes are generally free of surface bubbles, but you can see if your coin has a reverse cameo if it has an imperfect date. This type of coin has been in circulation since 1974, and is still worth the price of its metal composition.
The second type of coins is scarcer. The obverse side shows Her Majesty Queen Elizabeth II in the right profile, aged 39. The inscription “ELIZABETH II D * G * REGINA” surrounds the portrait. The reverse side shows a maple leaf twig surrounded by a facial value. If you find a rare 1974 Canadian penny, you can expect to get up to $14.50.
Coins containing this grade are worth between one cent and $250,000. The San Diego man found out about his father’s coin by searching online. Although the coin was worth less than one cent, the coin could be worth as much as $250,000 to two million. The San Diego man’s father was a former Denver Mint deputy superintendent. He left the coin in a plastic sandwich bag. It may be worth up to two cents – so don’t let it scare you.
The mintage of a 1974 Canadian penny is very low, with only a few thousand coins struck with the original design. However, you can find a low grade 1975 penny for as little as $10, and an upper grade 1974 pennant may fetch thousands. However, the rarity of a particular coin is so high that it is difficult to judge the true value of a given coin. When it comes to finding coins, it is wise to check the price at auction before buying one.
You can also look for a rare 1973 Canadian penny. There are several reasons why one of these coins is valuable. Unlike most pennies, one of the most common of them is the small dot below the date. Rare ones can be worth thousands, while relatively rare coins can bring in more than $30,000.
The early to mid-20th century Canadian pennies have low mintages and survival rates, making them highly collectible and decent investments. The most popular date ranges for these coins are 1922 and 1926, which have low survival rates and are generally rarer. The 1923 small cent is the most rare Canadian penny and has an official mintage of 1,01922, but it appears to have fewer survivors than the 1925 small cent.
Until 1907, all Canadian coins were struck in England. In addition to the Royal Mint in London, Canadian coins were struck in Birmingham at the Heaton mint in England. The H is found below the date, and above the ring of beads. In 1900, the H appears below the outer leaves. This makes the coin highly collectible and desirable. So, it is better to find a 1974 Canadian penny than a 1970 one.
In addition to the rarity of the coins, you can look for the rare 50-cent coin. This coin is called the “king” of Canadian coins, and there are only fifty or one hundred in circulation. Despite the high value of these coins, their purchasing power is decreasing. It represents about 0.5% of the lowest hourly wage in Canada. And with the low-wage economy, scarce coins still hold great value.