Location Canada
Issuing entity Royal Canadian Mint
King George VI (1936-1952)
Type Standard circulation coin
Years 1948-1952
Value 1 Cent
Currency Canadian dollar (1858-date)
Composition Bronze (.980 Cu, .005 Sn, .015 Zn)
Weight 3.24 g
Diameter 19.05 mm
Thickness 1.65 mm
Mint Royal Canadian Mint, Ottawa, Canada
Obverse Head of King George VI facing left.
Reverse A maple twig is surrounded with the face value and the inscription "CANADA"
Lettering: GEORGIVS VI DEI GRATIA REX HP
Unabridged legend: GEORGIUS VI DEI GRATIA REX
Translation: George VI, King by the grace of God
In Canada the production of the penny ceased in May 2012, and the Royal Canadian Mint ceased distribution of them as of February 4, 2013. However, like all other discontinued currency in the Canadian monetary system, the coin remains legal tender.
The removal of the penny from the currency stemmed partly from the fact that the pennies metal composition was worth more than the coin's face value. From May 2006 to October 2008, all circulation Canadian pennies from 1942 to 1996 had a melt value of over CA$0.02 based on the increasing spot price of copper in the commodity markets. The break-even price for a 2.8 g solid copper penny is US$1.61/lb, with prices during this period reaching as high as US$4/lb.
Date Mintage
1948 25 767 779
1949 33 128 933 Last "A" in GRATIA points between denticles.
1950 60 444 992
1951 80 430 379
1952 67 631 736
Issuing entity Royal Canadian Mint
King George VI (1936-1952)
Type Standard circulation coin
Years 1948-1952
Value 1 Cent
Currency Canadian dollar (1858-date)
Composition Bronze (.980 Cu, .005 Sn, .015 Zn)
Weight 3.24 g
Diameter 19.05 mm
Thickness 1.65 mm
Mint Royal Canadian Mint, Ottawa, Canada
Obverse Head of King George VI facing left.
Reverse A maple twig is surrounded with the face value and the inscription "CANADA"
Lettering: GEORGIVS VI DEI GRATIA REX HP
Unabridged legend: GEORGIUS VI DEI GRATIA REX
Translation: George VI, King by the grace of God
In Canada the production of the penny ceased in May 2012, and the Royal Canadian Mint ceased distribution of them as of February 4, 2013. However, like all other discontinued currency in the Canadian monetary system, the coin remains legal tender.
The removal of the penny from the currency stemmed partly from the fact that the pennies metal composition was worth more than the coin's face value. From May 2006 to October 2008, all circulation Canadian pennies from 1942 to 1996 had a melt value of over CA$0.02 based on the increasing spot price of copper in the commodity markets. The break-even price for a 2.8 g solid copper penny is US$1.61/lb, with prices during this period reaching as high as US$4/lb.
Date Mintage
1948 25 767 779
1949 33 128 933 Last "A" in GRATIA points between denticles.
1950 60 444 992
1951 80 430 379
1952 67 631 736