1962 Canada Nickel Value Guide

The 1962 Canada Nickel is a distinctive dodecagon-shaped coin that remains a favorite among numismatists for its unique 12-sided geometry. Featuring the iconic beaver motif designed by G.E. Kruger Gray, this nickel represents a high-production year for the Royal Canadian Mint with over 46 million pieces struck.

What affects the value of 1962 Canada Nickel?

• The presence of original mint luster significantly impacts the market value, which generally sits between $1.00 and $1.10.
• Surface wear on the high points of the beaver's fur and the Queen's crown can lower the grade and desirability.
• The absence of scratches, rim dings, or heavy oxidation is essential for reaching the top of the value range.
• While 46 million were minted, coins in high-grade Uncirculated (MS) condition command a premium over common circulated examples.

How to Identify 1962 Canada Nickel?

• Verify the unique 12-sided dodecagon shape, a design feature originally implemented to distinguish nickels from pennies.
• Look for the '1962' date located on the reverse side beneath the central beaver image.
• Check for the designer's initials 'KG' (Kruger Gray) near the beaver's tail.
• Confirm the material is solid nickel, which was the standard composition for the five-cent piece during this era.

History of 1962 Canada Nickel

Designed by G.E. Kruger Gray in 1937, the beaver motif has become a definitive symbol of Canadian coinage. In 1962, the Royal Canadian Mint produced over 46 million of these nickel coins. The distinct 12-sided shape, known as a dodecagon, was originally introduced in 1942 to help citizens distinguish the five-cent piece from the penny during the transition to different metals for the war effort.