1960 Canadian Penny
The 1960 Canadian Penny is a one-cent coin struck for circulation with 75.8 million made. Value band: face value. Here is how to recognize it, what makes one worth more and what to check on yours.
- Year
- 1960
- Circulation mintage
- 75,772,775
- 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.
Face value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1960 Canadian Penny worth?
With 75.8 million made, the 1960 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:
- Full original red color
- A recognized variety or a genuine mint error
- Coins from a specimen or proof set
For market prices, look at recent sold results for the same coin in the same condition, not asking prices.
Quick answers
- Is the 1960 Canadian Penny rare?
- No. 75.8 million were made, so circulated examples are worth face value.
- How many 1960 Canadian pennies were made?
- 75,772,775 were struck for circulation.
- What is the 1960 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 1960 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.
The 1960 penny in context
Ottawa struck 75,772,775 cents in 1960, a little lower than 1959. The coin carries Gillick's laureate portrait of the queen and Kruger Gray's maple twig. In circulated grades the 1960 cent is simply face value. Uncirculated 1960 cents with original red color draw a small premium at most. Like other dates of this period, it turns up often in old jars.
How to recognize it
The 1960 Canadian Penny is round, 19.05 mm across and bronze (98% copper, 0.5% tin, 1.5% zinc).
1960 Canadian Penny by the numbers
By the numbers, the 1960 Canadian Penny ranks 82nd lowest of 151 Canadian cent dates and varieties from 1858 to 2012. The next scarcer is the 1953 Shoulder Fold Canadian Penny (67.8 million); the next more common is the 1942 Canadian Penny (76.1 million).
For scale, the most common is the 1981 Round Canadian Penny with 1.21 billion, about 16 times as many. The scarcest is the 1858 Canadian Penny with 421,000, 180 times fewer than this one.
Compared with the dates around it, the 1960 output was 1.1 times fewer than 1959 and 1.8 times fewer than 1961.
Over the 1960s the Mint produced 2.71 billion cents across 10 dates and varieties; the 1960 Canadian Penny accounts for 2.8% of that.
What to check on your 1960 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.
Elizabeth II laureate portrait, 1953 to 1964
Elizabeth II's first Canadian portrait, by Mary Gillick, shows a young queen with a laurel wreath in her hair and no crown, with the legend ELIZABETH II DEI GRATIA REGINA. Kruger Gray's maple twig reverse carried on unchanged. The coin itself stayed at 19.05 mm and 3.24 g in the wartime alloy of 98% copper, 0.5% tin and 1.5% zinc. The portrait was first cut in high relief, which turned out to cause problems at the mint.
The first 1953 dies did not strike cleanly, with weak detail in the legend and around the rim. The mint revised the master and the easiest way to tell the versions apart is the gown: the revised portrait shows a clear fold line running across the shoulder, while the original has none. Both appear on 1953 cents under one published mintage. In 1955 an old die without the fold was used again, producing the scarce 1955 no shoulder fold cent. Mintages climbed steadily through the decade, passing 100 million in 1957 and reaching about 485 million in 1964.
The shoulder is the thing to check on any 1953 or 1955 cent. Use a magnifier and good light and look at the line of the gown just above the bust's lower edge. Heavy wear can erase a weak fold, so judge varieties on reasonably sharp coins. Apart from those, the dates here are common, though 1954 had a much smaller run of about 22 million. Mint state red coins from this era are easy to find, so worn examples of regular dates are face value coins.
Mintage chart
Specifications
| Country | Canada |
|---|---|
| Denomination | 1 cent |
| Issuer | Royal Canadian Mint |
| Year | 1960 |
| Circulation mintage | 75,772,775 |
| Composition | Bronze (98% copper, 0.5% tin, 1.5% zinc) |
| Weight | 3.24 g |
| Diameter | 19.05 mm |
| Shape | Round |
| Edge | Plain |
Mintage figures: Penny (Canadian coin) (Wikipedia, CC BY-SA 4.0), compiled from Royal Canadian Mint figures. How we build these pages.