Canada · Canadian pennies

1894 Canadian Penny

The 1894 Canadian Penny is a one-cent coin struck for circulation with 1 million made. Value band: collector premium. Here is how to recognize it, what makes one worth more and what to check on yours.

Year
1894
Circulation mintage
1,000,000
Value band
Collector premium
Composition
Bronze (95.5% copper, 3% tin, 1.5% zinc)

Original illustration of the coin's shape and metal. Tap to flip. Not a picture of the actual design.

Value band: Collector premium

Face value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.

What is an 1894 Canadian Penny worth?

With 1 million struck, the 1894 Canadian Penny ranks 4th lowest of the 151 Canadian cent dates and varieties we track. Collectors pay a collector premium even for worn examples. Sharp, uncirculated coins with no marks bring considerably more.

What would make yours worth more:

  • Original red color rather than brown
  • Sharp detail in the portrait and leaves
  • A recognized variety for the date
  • Professional grading for a key date

For market prices, look at recent sold results for the same coin in the same condition, not asking prices.

Quick answers

Is the 1894 Canadian Penny rare?
Yes, by the standards of Canadian pennies. With 1 million struck, the 1894 Canadian Penny ranks 4th lowest of the 151 Canadian cent dates and varieties we track.
How many 1894 Canadian pennies were made?
1,000,000 were struck for circulation.
What is the 1894 Canadian Penny made of?
Bronze (95.5% copper, 3% tin, 1.5% zinc). It weighs 5.67 g and measures 25.4 mm.
Is the 1894 Canadian Penny still legal tender?
Yes. The Royal Canadian Mint stopped distributing cents in 2013, but they remain legal tender. Cash payments are rounded to the nearest five cents, so most pennies now sit in jars or go to banks.
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The 1894 penny in context

Only one million cents were struck in 1894, making it one of the four lowest mintages of Victoria's Dominion cents, alongside 1890-H, 1898-H and the plain 1900. It came from London and has no mint mark. The 1894 is a recognized scarce date and draws a collector premium even when worn. Check the 4 carefully, since altered dates are always a possibility on scarcer coins.

How to recognize it

The 1894 Canadian Penny is round, 25.4 mm across and bronze (95.5% copper, 3% tin, 1.5% zinc).

1894 Canadian Penny by the numbers

By the numbers, the 1894 Canadian Penny ranks 4th lowest of 151 Canadian cent dates and varieties from 1858 to 2012. The next scarcer is the 1890 H Canadian Penny (1 million); the next more common is the 1898 H Canadian Penny (1 million).

For scale, the most common is the 1981 Round Canadian Penny with 1.21 billion, about 1209 times as many. The scarcest is the 1858 Canadian Penny with 421,000, 2.4 times fewer than this one.

Compared with the dates around it, the 1894 output was 2 times fewer than 1893 and 1.2 times fewer than 1895.

Over the 1890s the Mint produced 14.8 million cents across 10 dates and varieties; the 1894 Canadian Penny accounts for 6.8% of that.

What to check on your 1894 Canadian Penny

  • Check the color. Collectors describe copper cents as red, red-brown or brown; original red color is worth far more than toned or dull surfaces.
  • Never clean it. Rubbing, polishing or dipping leaves fine scratches and an unnatural color that collectors spot at once.
  • Look at the high points of the portrait and the lettering. Wear there sets the grade. The grade in turn drives the value of older cents.
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Victoria large cents of the Dominion, 1876 to 1901

Confederation in 1867 created the Dominion of Canada, but it took nine more years before the new country needed cents of its own, because the province's 1859 stock was still being paid out. The first Dominion cents are dated 1876. They kept the 25.4 mm size and the familiar reverse of ONE CENT and the date in a beaded circle surrounded by a maple vine, but the coin got heavier: 5.67 g, one eightieth of a pound. Victoria now appears older, wearing a diadem, with the legend VICTORIA DEI GRATIA REGINA CANADA.

Canada still had no mint, so the cents came from England. The Royal Mint in London struck most years, while the private Heaton mint in Birmingham handled several orders and marked them with a small H below the date. The H years are 1876, 1881, 1882, 1890, 1898 and 1900 and 1900 was struck at both mints. Production was irregular. There are no cents dated 1877 to 1880, 1883, 1885 or 1889 and yearly mintages swing between one million and about four million.

Start by reading the date and checking for the H, because that pairing identifies the issue. The lowest mintages of the reign are the one million coin years: 1890-H, 1894, 1898-H and 1900 without an H. Those draw a collector premium even when worn. The four million dates such as 1876-H, 1882-H and 1888 are the easiest to find. These coins circulated for decades, so most are smooth. Sharp leaf veins, visible strands of hair and natural brown or red color are what separate a collector's coin from an ordinary one.

Mintage chart

Circulating Canadian pennies by mintage, 1894 Canadian Penny highlightedLog scale · hover or tap a bar · 1858–2012
100K1M10M100M1B

Specifications

CountryCanada
Denomination1 cent
IssuerRoyal Canadian Mint
Year1894
Circulation mintage1,000,000
CompositionBronze (95.5% copper, 3% tin, 1.5% zinc)
Weight5.67 g
Diameter25.4 mm
ShapeRound
EdgePlain
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Mintage figures: Penny (Canadian coin) (Wikipedia, CC BY-SA 4.0), compiled from Royal Canadian Mint figures. How we build these pages.