2002 Canadian 1 Cent Coin Value
The 2002 Canadian 1 cent coin, also known as the penny, is a coin that was minted by the Royal Canadian Mint in 2002. The coin's value can vary depending on its condition, rarity, and demand. In this article, we will explore the value of the 2002 Canadian 1 cent coin.
Design and Composition
The 2002 Canadian 1 cent coin features a design by artist Robert-Ralph Carmichael on its obverse side, which depicts Queen Elizabeth II. The reverse side of the coin features a design by artist George Kruger-Gray, which shows a maple leaf.
The coin is made of copper-plated steel, with a weight of 2.35 grams and a diameter of 19.1 mm.
Mintage and Rarity
According to the Royal Canadian Mint, a total of 556,352,000 1 cent coins were minted in 2002. While this is a large mintage, the coin is still considered common and can be easily found in circulation.
However, some error coins or varieties may be scarce and highly sought after by collectors, which can increase their value.
Value
The value of the 2002 Canadian 1 cent coin depends on its condition and rarity. Here are some approximate values for the coin:
- Circulated coins: $0.01 - $0.05
- Uncirculated coins: $0.10 - $0.50
- Error coins or varieties: $1 - $100 or more
It's worth noting that these values are approximate and can vary depending on the coin's condition, rarity, and demand.
Collectibility
The 2002 Canadian 1 cent coin is a popular collector's item, especially for those who collect coins from Canada. The coin's design and composition make it a great addition to any coin collection.
Additionally, error coins or varieties can be highly sought after by collectors, which can increase their value.
Conclusion
In conclusion, the 2002 Canadian 1 cent coin is a common coin that can be easily found in circulation. While its value may not be high, it is still a popular collector's item and can be a great addition to any coin collection. Error coins or varieties can be highly valuable and sought after by collectors, making them a great find for anyone who collects coins.
