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1946 Canadian Penny

The 1946 Canadian Penny is a one-cent coin struck for circulation with 56.7 million made. Value band: face value. Here is how to recognize it, what makes one worth more and what to check on yours.

Year
1946
Circulation mintage
56,662,071
Value band
Face value
Composition
Bronze (98% copper, 0.5% 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: Face value

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

What is a 1946 Canadian Penny worth?

With 56.7 million made, the 1946 Canadian Penny is common. A circulated one is worth face value. The cent is still legal tender even though the Mint stopped issuing it in 2013. Only coins with full original red color, a recognized variety or a genuine error interest collectors.

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 1946 Canadian Penny rare?
No. 56.7 million were made, so circulated examples are worth face value.
How many 1946 Canadian pennies were made?
56,662,071 were struck for circulation.
What is the 1946 Canadian Penny made of?
Bronze (98% copper, 0.5% tin, 1.5% zinc). It weighs 3.24 g and measures 19.05 mm.
Is the 1946 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 1946 penny in context

Ottawa struck 56,662,071 cents in 1946, the first full year of peace. The coin carries Paget's bare-headed George VI and Kruger Gray's maple twig. It is the last year before India's independence led to the 1947 maple leaf coins and the legend change of 1948. Worn 1946 cents are face value, while bright red uncirculated ones draw a small premium.

How to recognize it

The 1946 Canadian Penny is round, 19.05 mm across and bronze (98% copper, 0.5% tin, 1.5% zinc).

1946 Canadian Penny by the numbers

In mintage terms the 1946 Canadian Penny ranks 75th lowest of 151 Canadian cent dates and varieties from 1858 to 2012. The next scarcer is the 1955 No Shoulder Fold Canadian Penny (56.4 million); the next more common is the 2003 Uncrowned Canadian Penny (56.9 million).

For scale, the most common is the 1981 Round Canadian Penny with 1.21 billion, about 21 times as many. The scarcest is the 1858 Canadian Penny with 421,000, 135 times fewer than this one.

Compared with the dates around it, the 1946 output was 1.4 times fewer than 1945 and 1.8 times the 1947 figure.

Over the 1940s the Mint produced 623.2 million cents across 11 dates and varieties; the 1946 Canadian Penny accounts for 9.1% of that.

What to check on your 1946 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.
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George VI cents and the maple twig, 1937 to 1952

Edward VIII abdicated in December 1936 before any Canadian coins bearing his portrait were issued, so the next new portrait belonged to George VI. His cents, first dated 1937, paired a bare-headed effigy by Thomas Humphrey Paget with an all new reverse by George Kruger Gray: a maple twig with two leaves, along with CANADA, 1 CENT and the date. That twig went on to serve for seventy five years, staying on the cent until 2012 apart from the centennial year. The early legend reads GEORGIVS VI D:G: REX ET IND:IMP:.

The Second World War sent demand soaring. Mintages went from about 21.6 million in 1939 to almost 86 million in 1940 and 1943 reached about 89 million. Tin was needed for the war effort, so from 1942 the alloy dropped to 0.5% tin with 98% copper and 1.5% zinc. After India gained independence in 1947, the words ET IND:IMP: had to go. New dies were not ready, so in 1948 the mint kept striking coins with the 1947 date and added a small maple leaf after it. Cents dated 1948 onward read GEORGIVS VI DEI GRATIA REX.

Most cents from these years are common, a natural result of the wartime totals. What matters is the detail. Check 1947 coins for the leaf after the date and read the legend to tell early and late portraits apart. George VI died in February 1952, but cents dated 1952 still carry his portrait. Wear shows on the king's hair above the ear and on the veins of the two leaves. Red coins from bank rolls exist for many of these dates and collectors prefer them to the usual brown.

Mintage chart

Circulating Canadian pennies by mintage, 1946 Canadian Penny highlightedLog scale · hover or tap a bar · 1858–2012
100K1M10M100M1B

Specifications

CountryCanada
Denomination1 cent
IssuerRoyal Canadian Mint
Year1946
Circulation mintage56,662,071
CompositionBronze (98% copper, 0.5% tin, 1.5% zinc)
Weight3.24 g
Diameter19.05 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.