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The
coin A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order t ...
s of Canada are produced by the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
and denominated in Canadian dollars ($) and the subunit of dollars, cents (¢). An effigy of the reigning monarch always appears on the obverse of all coins. There are standard images which appear on the reverse, but there are also commemorative and numismatic issues with different images on the reverse.


Circulation denominations

There are six denominations of Canadian circulation coinage in production: 5¢, 10¢, 25¢, 50¢, $1, and $2. Officially they are each named according to their value (e.g. "10-cent piece"), but in practice only the 50-cent piece is known by that name. The three smallest coins are known by the traditional names "nickel" (5¢), "dime" (10¢), and "quarter" (25¢), and the one-dollar and two-dollar coins are called the "loonie" (for the loon depiction on the
reverse Reverse or reversing may refer to: Arts and media * ''Reverse'' (Eldritch album), 2001 * ''Reverse'' (2009 film), a Polish comedy-drama film * ''Reverse'' (2019 film), an Iranian crime-drama film * ''Reverse'' (Morandi album), 2005 * ''Reverse'' ...
) and the "toonie" (a
portmanteau A portmanteau word, or portmanteau (, ) is a blend of wordsmedallic orientation, like
British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...
or
euro coins There are eight euro coin denominations, ranging from one cent to two euros (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone ...
, and unlike U.S. coins, which have coin orientation. The 50¢ piece is far less circulated than other Canadian coins. Between the years 2000 and 2007 the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
struck less than 16 million of them; in comparison, during the same period over 2.25 billion quarters were released. This coin is sometimes called a "half-dollar". Other than the $2 coin (for which there is no United States analog), the denominations of Canadian coinage correspond to those of
United States coinage Coins of the United States dollar (aside from those of the earlier Continental currency) were first minted in 1792. New coins have been produced annually and they make up a valuable aspect of the United States currency system. Today, circulating c ...
. The sizes of the coins other than the 50¢ piece are roughly equal to those of current U.S. coins, though this was not always the case. They have a different metallic composition and most of them are thinner, and thus weigh slightly less, than the analogous U.S. coins. The U.S. penny settled on its current size in 1857, whereas the Canadian penny was much larger () until 1920. Because they are easily mistaken for each other, U.S. and Canadian coins worth 5 cents, 10 cents and 25 cents sometimes circulate in the other country. Due to the usually higher value of the
U.S. dollar The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the officia ...
, it is common in Canada to accept U.S. coins at par or face value. Canadian coins are not commonly accepted in the U.S. but are more often in states that see many Canadian visitors. Their differing physical characteristics prevent them from being accepted interchangeably by most coin-operated machines. There was formerly some correspondence between the size of Canadian coins and British coins of similar value. For example, the large Canadian penny was identical in size and value to the contemporary British half-penny, which was in the Edward VII version, and slightly larger during Victoria's reign. Likewise, the Canadian quarter (23.81 mm diameter) was virtually identical in size and value to the
British shilling The British shilling, abbreviated "1/-", was a unit of currency and a denomination of sterling coinage worth of one pound, or twelve pence. It was first minted in the reign of Henry VII as the testoon, and became known as the shilling, from t ...
– worth 12 British pence or about 24 Canadian cents, with a diameter. The Canadian 5¢ coins, until the larger nickel coins of 1922, were 15 mm silver coins quite different from the U.S. "Liberty head" nickels of 1883 to 1913, which were 21.2 mm and copper-nickel alloy, but more like the older U.S.
half dime The half dime, or half disme, was a silver coin, valued at five cents, formerly minted in the United States. Some numismatists consider the denomination to be the first business strike coin minted by the United States Mint under the Coinage Ac ...
s.


Developments in coinage

The most significant recent developments in Canadian coinage were the introduction of $1 and $2 coins and the withdrawal of the one cent piece. The $1 coin (the "loonie") was released in 1987. The $1 banknote remained in issue and in circulation alongside the one-dollar coin for the next two years, until it was withdrawn in 1989. The coin was to be the voyageur-design silver (then nickel) dollar coins that had previously been in limited circulation. The dies were lost or stolen in November 1986, requiring a redesign. The new coin is colloquially called the "
loonie The loonie (french: huard), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin sh ...
", for the
common loon The common loon or great northern diver (''Gavia immer'') is a large member of the loon, or diver, family of birds. Breeding adults have a plumage that includes a broad black head and neck with a greenish, purplish, or bluish sheen, blackish ...
on its reverse, and the name is frequently applied to the currency unit as well. It is made of nickel plated with aureate bronze. The $2 coin, carrying a polar bear, was introduced in 1996. It is usually called the "
toonie The toonie (also spelled twonie or twoonie), formally the Canadian two-dollar coin (, nicknamed or ), was introduced on February 19, 1996, by Minister of Public Works Diane Marleau. , it possesses the highest monetary value of any circulating ...
" and is bimetallic. The $2 banknote was withdrawn at the same time that the coin was released. Unlike several U.S. attempts to introduce a dollar coin, the new coins were quickly accepted by the public, owing largely to the fact that the Bank of Canada and the government forced the switch by removing the $1 and $2 bills from circulation. Between 1997 and 2001, the $1 loon coin was not issued for general circulation. Due to the high demand for the $2 polar bear coin (mintages between 1997 and 2001 were as high as 29 million in 2000 alone), the $1 coin was only produced for the standard collector sets that were made available on an annual basis, such as the Uncirculated, O Canada, Specimen and Proof sets. On March 29, 2012, the Canadian government announced that the 1¢ coin would be retired. The Royal Canadian Mint stopped producing 1¢ coins in May 2012, and in February 2013 the Bank of Canada stopped distributing them, but the coins remain legal tender. Cash transactions are rounded to the nearest 5¢, while non-cash transactions (using cheques, credit cards, or debit cards) will continue to be rounded to the nearest 1¢.


Production

Canadian coins are issued by the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
and struck at their facilities in
Winnipeg Winnipeg () is the capital and largest city of the province of Manitoba in Canada. It is centred on the confluence of the Red and Assiniboine rivers, near the longitudinal centre of North America. , Winnipeg had a city population of 749, ...
. All special wording on commemorative coins appears in both of Canada's languages,
English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ...
and French. All of the standard wording on the reverse sides of non-commemorative coins is identical in both languages. On the obverse sides, the name and title of the
Canadian Monarch The monarchy of Canada is Canada's form of government embodied by the Canadian sovereign and head of state. It is at the core of Canada's constitutional Canadian federalism, federal structure and Westminster system, Westminster-style Parliamentar ...
appear in an abbreviated-
Latin Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the ...
circumscription. Currently, this reads "". The initials stand for ""; the entire phrase means "Elizabeth II, by the Grace of God, Queen". The Vancouver
2010 Winter Olympics )'' , nations = 82 , athletes = 2,626 , events = 86 in 7 sports (15 disciplines) , opening = February 12, 2010 , closing = February 28, 2010 , opened_by = Governor General Michaëlle Jean , cauldron = Catriona Le May DoanNancy GreeneWayne Gret ...
commemorative quarters do not have the inscription "", and they read "CANADA ELIZABETH II", along with the date of issue and Ilanaaq, the emblem of the games.


History


Coins of the Colonies

Beginning in 1858, various colonies of
British North America British North America comprised the colonial territories of the British Empire in North America from 1783 onwards. English colonisation of North America began in the 16th century in Newfoundland, then further south at Roanoke and Jamestow ...
started issuing their own coins denominated in cents, featuring the likeness of
Queen Victoria Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death in 1901. Her reign of 63 years and 216 days was longer than that of any previo ...
on the obverse. These replaced the sterling coins previously in circulation. The
Province of Canada The Province of Canada (or the United Province of Canada or the United Canadas) was a British colony in North America from 1841 to 1867. Its formation reflected recommendations made by John Lambton, 1st Earl of Durham, in the Report on th ...
was the first to issue decimal coins. They were based on the value of the American dollar, due to an influx of American
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
. Denominations issued were 1¢, 5¢, 10¢, and 20¢. The 1¢ coin was issued again in 1859, but it was very unpopular due to its extremely light weight. The coins had to be discounted by around 20% to get them into circulation. Other colonies that issued decimal coinage were
New Brunswick New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...
and
Nova Scotia Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native Eng ...
both starting in 1861, Newfoundland in 1865, and
Prince Edward Island Prince Edward Island (PEI; ) is one of the thirteen provinces and territories of Canada. It is the smallest province in terms of land area and population, but the most densely populated. The island has several nicknames: "Garden of the Gulf", ...
in 1871. Many examples can be seen online via the Canadian Currency Museum.


Queen Victoria coinage

In 1867, the
British parliament The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative suprem ...
passed '' The British North America Act, 1867'' (now known as the ''Constitution Act, 1867''), uniting the
Province of Canada The Province of Canada (or the United Province of Canada or the United Canadas) was a British colony in North America from 1841 to 1867. Its formation reflected recommendations made by John Lambton, 1st Earl of Durham, in the Report on th ...
,
Nova Scotia Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native Eng ...
, and
New Brunswick New Brunswick (french: Nouveau-Brunswick, , locally ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. It is the only province with both English and ...
into a single country. Coins of the three former colonies continued to circulate until 1870, with all being
legal tender Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in ...
throughout the country.Willey, p.456. As other colonies subsequently entered
confederation A confederation (also known as a confederacy or league) is a union of sovereign groups or states united for purposes of common action. Usually created by a treaty, confederations of states tend to be established for dealing with critical issu ...
, they dropped their colonial coinage and adopted the national Canadian currency. In 1870, the first national coinage of the Dominion of Canada was issued in denominations of 5¢, 10¢, 25¢, and 50¢. A 1¢ coin was not issued until 1876. The designs were standardized with the head of
Queen Victoria Victoria (Alexandrina Victoria; 24 May 1819 – 22 January 1901) was Queen of the United Kingdom of Great Britain and Ireland from 20 June 1837 until her death in 1901. Her reign of 63 years and 216 days was longer than that of any previo ...
on the
obverse Obverse and its opposite, reverse, refer to the two flat faces of coins and some other two-sided objects, including paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics. In this usage, ...
, value and date with a crowned maple wreath
reverse Reverse or reversing may refer to: Arts and media * ''Reverse'' (Eldritch album), 2001 * ''Reverse'' (2009 film), a Polish comedy-drama film * ''Reverse'' (2019 film), an Iranian crime-drama film * ''Reverse'' (Morandi album), 2005 * ''Reverse'' ...
, except for the 1¢ coin, which had on its reverse a maple vine circlet.


King Edward VII coinage

In 1902, the first coins of King
Edward VII Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom of Great Britain and Ireland and Emperor of India, from 22 January 1901 until his death in 1910. The second child and eldest son of Queen Victoria and ...
's coinage was issued. The 1902 5¢ coin is of interest to collectors, as its design includes the outmoded
St. Edward's Crown St Edward's Crown is the centrepiece of the Crown Jewels of the United Kingdom. Named after Saint Edward the Confessor, versions of it have traditionally been used to crown English and British monarchs at Coronation of the British monarch, the ...
instead of the
Imperial State Crown The Imperial State Crown is one of the Crown Jewels of the United Kingdom and symbolises the sovereignty of the monarch. It has existed in various forms since the 15th century. The current version was made in 1937 and is worn by the monarc ...
. These coins were hoarded upon being issued, as the public believed that an error had been made. In 1903, the design on the 5¢ was modified accordingly. In 1907, Heaton's Mint struck its last issue of Canadian coins—the 1907H 1¢, which is quite scarce. In 1908, the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
at Ottawa was opened. At that time the Ottawa mint was known as the Royal Mint, Ottawa branch. The name "Royal Canadian Mint" was first used in 1931. The
reverse Reverse or reversing may refer to: Arts and media * ''Reverse'' (Eldritch album), 2001 * ''Reverse'' (2009 film), a Polish comedy-drama film * ''Reverse'' (2019 film), an Iranian crime-drama film * ''Reverse'' (Morandi album), 2005 * ''Reverse'' ...
design on the 10¢ coins include several varieties in relation to the leaves.


King George V coinage

Edward VII died in 1910 and was succeeded by his son,
King George V George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936. Born during the reign of his grandmother Qu ...
. His effigy appeared on all coins minted in Canada afterwards, as soon as new dies were obtained. The initial issue of George V coinage is known as the "Godless" coinage, because the abbreviation "DEI GRA", (for "DEI GRATIA" or "
ing Ing, ING or ing may refer to: Art and media * '' ...ing'', a 2003 Korean film * i.n.g, a Taiwanese girl group * The Ing, a race of dark creatures in the 2004 video game '' Metroid Prime 2: Echoes'' * "Ing", the first song on The Roches' 1992 ...
by the grace of God"), was omitted from King
George V George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until his death in 1936. Born during the reign of his grandmother Qu ...
's titles. When the public noticed this, there was a huge outcry at this breach of tradition, and the phrase was later restored. All the coins from the 1¢ to 50¢ were issued. The 50¢ is the scarcest of all the coins minted in 1911 with a mintage of 209,972. The Canadian Coin News publication printed an article showing a well-worn 1911 50¢ example that did have the "DEI GRA" abbreviation. This coin has not yet been certified as genuine, having been rejected by ICCS, the popular Canadian grading company. The 1911 pattern dollar coin was produced with the 'DEI GRA' abbreviation on the two known silver examples and the one known example in lead. In 1920, the fineness of the silver coins was changed from .925 fine silver to .800 fine silver, and the size of the cent was reduced. In 1921, the last
silver Silver is a chemical element with the symbol Ag (from the Latin ', derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical ...
5¢ coins were struck. These are extremely rare, numbering less than 400. These were replaced in 1922 by a larger nickel coin, copying an earlier change in the United States, and building on the fact that Canada was the world's leading source of nickel ore. There are a few scarce dates, especially the 1925 and the 1926. There are two types of the 1926: the "near 6" type, which has the tail of the 6 lower down and near to the maple leaf, and the rarer "far 6" type. The 1921 50¢ is also an extremely rare coin. It is the rarest of the King George V series. The first Canadian silver $1 coin was issued as a
commemorative coin Commemorative coins are coins issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Many coins of this category serve as collectors items only, although some countries ...
in 1935 to commemorate King George V's Silver Jubilee. The portrait of the King on this coin was the same as that of the coins of several other countries. This coin also bears the famous coureur des bois design, which was designed by Emmanuel Hahn. This coin, and others issued since with this reverse design, have the affectionate nickname of "
voyageur dollar The voyageur dollar is a coin of Canada that was struck for circulation from 1935 through 1986. Until 1968, the coin was composed of 80% silver. A smaller, nickel version for general circulation was struck from 1968 through 1986. In 1987, the coi ...
s".


1936 dot coinage

King George V died on January 20, 1936, and was succeeded by
King Edward VIII Edward VIII (Edward Albert Christian George Andrew Patrick David; 23 June 1894 – 28 May 1972), later known as the Duke of Windsor, was King of the United Kingdom and the Dominions of the British Empire and Emperor of India from 20 January 19 ...
. Because his
abdication Abdication is the act of formally relinquishing monarchical authority. Abdications have played various roles in the succession procedures of monarchies. While some cultures have viewed abdication as an extreme abandonment of duty, in other societ ...
occurred before production of any Canadian coinage with his likeness could commence, no Canadian coins bear his image. In 1937, there was a pressing demand for 1¢, 10¢, and 25¢ coins, but, as the Royal Canadian Mint was waiting for new tools and matrices to arrive from the Royal Mint, the decision was made to strike coins dated 1936, but a dot would be added in the area near the date to indicate that the coins were struck in 1937. The 1¢ and 10¢ coins with the dot are exceedingly rare; so rare, in fact, that only four or five specimens are known. In 2004, a "Dot cent", as they are sometimes called, sold at auction for $207,000. The one cent coin was sold again in the Canadiana sale for $400,000 while an example of the ten cent piece with the dot sold for $184,000. The 25¢ coin, while not as rare as the one-cent and ten-cent pieces, is still a very difficult coin to find.


Canadian gold circulation coins

Gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile me ...
coins for circulation were issued from 1912 to 1914 only (earlier rejected "for fear of committing a breach of the Royal Prerogative"), in $5 and
$10 There are many $10 banknotes, bills or coins, including: * Australian ten-dollar note * Canadian ten-dollar note * Nicaraguan ten-cordoba note * United States ten-dollar bill * Hong Kong ten-dollar note * Hong Kong ten-dollar coin * One of the Nami ...
denominations,Willey, p.457. though sovereigns, to British standards, were issued in small quantities for some years. The minting of gold coins for circulation ceased due to the onset of the first world war, when the government of Canada recovered the majority of circulating gold coins to finance the war. Reissue plans were dropped in 1928. According to the Mint, a large quantity of the 1912–1914 gold coins were stored by the Bank of Canada for over 75 years. In 2012, the Mint offered 30,000 coins from the collection for sale to the public through its retail channels and stated that it would melt and refine the remainder of the 245,000 coins to sell the gold content. Of the 659,693 coins minted, 245,000 were held by the Bank of Canada until 2012, at which time 30,000 hand selected specimens were offered for sale by the Royal Canadian Mint, and the rest reportedly melted.


King George VI coinage

In late 1937, the tools and matrices finally arrived from London, so the issue of the new coins of the reign of King
George VI George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death in 1952. He was also the last Emperor of I ...
was struck immediately. The coins' current designs date from this period. The coins were as follows: * 1¢: A twig with two
maple ''Acer'' () is a genus of trees and shrubs commonly known as maples. The genus is placed in the family Sapindaceae.Stevens, P. F. (2001 onwards). Angiosperm Phylogeny Website. Version 9, June 2008 nd more or less continuously updated since http ...
leaves (Designer: George Kruger-Gray) * 5¢: A beaver sitting on a rock and log (Designer: George Kruger-Gray) * 10¢: The famous
Nova Scotia Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the four Atlantic provinces. Nova Scotia is Latin for "New Scotland". Most of the population are native Eng ...
n racing schooner ''
Bluenose ''Bluenose'' was a fishing and racing gaff rig schooner built in 1921 in Lunenburg, Nova Scotia, Canada. A celebrated racing ship and fishing vessel, ''Bluenose'' under the command of Angus Walters, became a provincial icon for Nova Scotia and ...
'' (Designer: Emmanuel Hahn) * 25¢: A caribou's head (Designer: Emmanuel Hahn) * 50¢: The Coat-of-Arms of Canada (Designer: George Kruger-Gray) * $1: Voyageur (Designer: Emmanuel Hahn) There was also a silver $1 that was issued in 1939 to commemorate the Royal Visit. The obverse has the usual portrait of George VI while the reverse depicts the Canadian Houses of Parliament in Ottawa. This was also designed by Emmanuel Hahn. During
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...
, the demand for nickel for the war effort was great enough for the 5¢ coin to be issued in
tombac Tombac, or tombak, is a brass alloy with high copper content and 5–20% zinc content. Tin, lead or arsenic may be added for colouration. It is a cheap malleable alloy mainly used for medals, ornament, decoration and some munitions. In older ...
instead. While all Canadian George VI coins remain legal tender, the nickels are the only remaining George VI coinage in any nation that have been neither demonetized nor effectively withdrawn from circulation due to precious metal content (or, in the case of the penny, been withdrawn from circulation).


1947 maple leaf coinage

Through 1947 the George VI coins bore the inscription GEORGIVS VI D:G: REX ET IND:IMP: ("Georgius VI, Dei Gratia, Rex et Indiae Imperator", or "George VI, by the grace of God, King and Emperor of India"). As
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
became independent that year as the
Dominion of India The Dominion of India, officially the Union of India,* Quote: “The first collective use (of the word "dominion") occurred at the Colonial Conference (April to May 1907) when the title was conferred upon Canada and Australia. New Zealand and N ...
and the
Dominion of Pakistan Between 14 August 1947 and 23 March 1956, Pakistan was an independent federal dominion in the Commonwealth of Nations, created by the passing of the Indian Independence Act 1947 by the British parliament, which also created the Dominion of ...
, "Emperor of India" needed to be dropped from the coinage. However, there was a demand for coinage. While waiting for the new tools and matrices to arrive from the Royal Mint, the decision was made to strike 1947-dated coinage, but a maple leaf symbol would be added next to the date to indicate that the coins were struck in 1948. The silver $1 exists in two types: "tall 7" and "short 7". The voyageur $1 is also the rarest coin. The 1¢ is the most common coin. The 1¢ exists as two varieties, "blunt 7" and "pointed 7". The blunt 7 is scarcer and thus more valuable. The upper part of the 7 near the maple twig is slightly blunted compared to the normally found pointed variety. The pointed 7 is the same as used on the 1947 regular-issue 1¢. The 50¢ coin also exists with two "7" varieties. While fairly scarce, the curved left (or straight) 7 is much more common than the curved right 7. The regular 1947 50¢ coins also came with left and right curved 7 numerals. These 1947 varieties without the maple leaf are similarly valued except for the curved right 7 in extremely high grade. The 1947 maple leaf 5¢, 10¢, and 25¢ do not have notable varieties and are all fairly common coins.


King George VI royal coinage (1948–1952)

The new tools and matrices arrived from London, so the issuing of the Maple Leaf coinage ceased as a result. The obverse of the coins is inscribed GEORGIVS VI DEI GRATIA REX (George VI by the Grace of God, King). During the issue of this coinage, a commemorate silver $1 was struck in 1949 to commemorate Newfoundland becoming the tenth province of Canada. The 1948 coins are very scarce, especially the 50¢ and the silver $1. This is due to the slow delivery of the modified tools and matrices from London. In this coinage, there are several notable varieties. The first of these is the 1950 "no lines in 0" 50¢ coin. The most famous variety of this series is the "Arnprior dollar", which has one and a half waterlines near the bow of the
canoe A canoe is a lightweight narrow water vessel, typically pointed at both ends and open on top, propelled by one or more seated or kneeling paddlers facing the direction of travel and using a single-bladed paddle. In British English, the ter ...
instead of the normal three waterlines. This variety is named after the town of
Arnprior, Ontario Arnprior is a town in Renfrew County, in the eastern portion of Southern Ontario, Canada. It is located west of Downtown Ottawa, at the confluence of the Madawaska River and the Ottawa River in the Ottawa Valley. Arnprior has experienced sig ...
, where this variety was discovered.


Queen Elizabeth II coinage

Several series of coins have been issued under the reign of
Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until her death in 2022. She was queen regnant of 32 sovereign states during ...
, including the current series. The first was the 1953–1964 coins, which featured an effigy of the Queen designed by
Mary Gillick Mary Gaskell Gillick ( Tutin; 1881 – 27 January 1965) was a sculptor and medallist, best known for her effigy of Elizabeth II used on coinage in the United Kingdom and elsewhere from 1953 to 1970. Personal life Born Mary Gaskell Tutin in Not ...
, with a wreath of laurel in her hair. In 1959, the reverse of the 50-cent piece was redesigned. In 1957, the coat of arms of Canada had been simplified. The Queen had suggested that the
Tudor crown The Tudor Crown, also known as Henry VIII's Crown, was the imperial crown, imperial and state crown of Kingdom of England, English monarchs from around the time of Henry VIII until it was destroyed during the English Civil War, Civil War in 16 ...
be replaced by the crown of Edward the Confessor. The changes were reflected in the 1959 50-cent piece. The new reverse was modelled and designed by
Thomas Shingles Thomas Shingles (3 April 1903 – 31 May 1984) was the Master Engraver of the Royal Canadian Mint from 1943 until his retirement in 1965; he first began work at the Mint in 1939. He was born in Birmingham, England. Shingles was responsible fo ...
, updating the Canadian coat-of-arms. In 1965, a new obverse was sculpted by
Arnold Machin Arnold Machin OBE, R.A., FRSS (; 30 September 1911 – 9 March 1999) was a British artist, sculptor, and coin and postage stamp designer. Life Machin was born Stoke-on-Trent in 1911. He started work at the age of 14 as an apprentice china pa ...
, showing a more mature Queen wearing a tiara. The legend on the obverse was also modified, by shortening the phrase "Dei Gratia" to "D.G." to save space. In 1968, the 10¢ and higher denominations were debased, their silver alloy being replaced by nickel. The dime of 1969 has two varieties, a large 9 (rare) and small 9 (common). In 1973, an RCMP quarter came out; it also has two varieties: a large bust (rare) and small bust (common). In 1987, the
loonie The loonie (french: huard), formally the Canadian one-dollar coin, is a gold-coloured Canadian coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg. The most prevalent versions of the coin sh ...
was introduced, replacing the voyageur dollar with a new design, new colour, and smaller size. This coin also replaced the $1 bill, which was subsequently withdrawn from circulation by the Bank of Canada. In February 1996, the $2 coin, or
toonie The toonie (also spelled twonie or twoonie), formally the Canadian two-dollar coin (, nicknamed or ), was introduced on February 19, 1996, by Minister of Public Works Diane Marleau. , it possesses the highest monetary value of any circulating ...
, was released; it currently has three varieties. (Early examples had problems with the centres being punched out in circulation.) The toonie replaced the $2 bill. To date there have been four different obverse portraits of the Queen used on Canadian coinage, with new portraits introduced in 1953, 1965, 1990 and 2003. Prior to 1990, the Queen's portraits (1953 by Mary Gillick and 1965 by Arnold Machin) were designed by the British Royal Mint, and were similar to those used on British, Australian and New Zealander coinage. The 1990 and 2003 portraits are designed by Canadian artists, 1990 effigy by Dora dePedery-Hunt and 2003 effigy by Susanna Blunt, and are unique to Canadian coinage. In 2000 all coins below $1 were changed to steel with copper or nickel plating; in 2012 this was extended to the $1 and $2 coins as well. The 50¢ piece is regularly minted, but not in large quantities; it is very rare to come across this coin in circulation, although an unsuccessful attempt was made by the Mint to promote the use of the coin when a special edition was released in 2002 marking the 50th anniversary of
Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 1926 – 8 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until her death in 2022. She was queen regnant of 32 sovereign states during ...
ascending the throne. Coins issued in 2002 do not have the usual mint date, which normally appears on the reverse side. Instead, the 2002 coins have a commemorative double-date on the obverse side: "1952–2002", to commemorate the 50th anniversary of the Queen's reign.


Other numismatic details


Special edition coins

Although the Mint has produced many special edition coins in recent years, Canada does have a history of such coins. From 1943 to 1945, the Mint issued the "Victory nickel" to promote the Canadian war effort. In 1951 a circulating commemorative coin, a 5-cent piece for the bicentennial of the discovery of the element nickel, was released. In 1967, all Canadian coins were issued with special reverses to celebrate the
Canadian centennial The Canadian Centennial was a yearlong celebration held in 1967 to celebrate the 100th anniversary of Canadian Confederation. Celebrations in Canada occurred throughout the year but culminated on Dominion Day, July 1, 1967. Commemorative coins ...
. Six years later, a "Mountie quarter" was issued in 1973 to commemorate the centennial of the
Royal Canadian Mounted Police The Royal Canadian Mounted Police (RCMP; french: Gendarmerie royale du Canada; french: GRC, label=none), commonly known in English as the Mounties (and colloquially in French as ) is the federal police, federal and national police service of ...
. In recent years, the Mint has issued several series of coins with special reverses. Most of them have been 25¢ coins, particularly in the years 1999–2001. There were also versions of the $2 coin commemorating the founding of Nunavut, and another with a family of polar bears; there have been several variants of the $1 coin, one of which featured the Canadian peacekeepers' monument in Ottawa to commemorate the award of the
Nobel Peace Prize The Nobel Peace Prize is one of the five Nobel Prizes established by the will of Swedish industrialist, inventor and armaments (military weapons and equipment) manufacturer Alfred Nobel, along with the prizes in Chemistry, Physics, Physiolog ...
. A commemorative
Terry Fox Terrance Stanley Fox (July 28, 1958 June 28, 1981) was a Canadian athlete, humanitarian, and cancer research activist. In 1980, with one leg having been amputated due to cancer, he embarked on an east-to-west cross-Canada run to raise money ...
$1 coin began circulating on April 4, 2005. On October 21, 2004, the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
unveiled a 25¢ poppy coin. This coin features a red poppy (''
Papaver rhoeas ''Papaver rhoeas'', with common names including common poppy, corn poppy, corn rose, field poppy, Flanders poppy, and red poppy, is an annual herbaceous species of flowering plant in the poppy family Papaveraceae. It is a temperate native with ...
'') that is coloured red, embedded in the centre of a
maple leaf The maple leaf is the characteristic leaf of the maple tree. It is the most widely recognized national symbol of Canada. History of use in Canada By the early 1700s, the maple leaf had been adopted as an emblem by the French Canadians along th ...
above a banner reading "
Remember Remember may refer to: Film and television * ''Remember?'', a 1939 film starring Robert Taylor and Greer Garson * ''Remember'' (1926 film), an American silent drama film * ''Remember'' (2015 film), a Canadian film by Atom Egoyan, starring Chris ...
– ''Souvenir''". It is the world's first coloured coin. While some countries' mints have produced colourized coins for market to collectors, this is the first colourized coin in general circulation in the world. The Mint states that, with normal wear and tear, the colour should remain for a number of years, although this claim was quickly disproved. The colouration compounds are attached to the metal on a specially prepared 'dimpled' section of the coin and seem to come off easily if deliberately rubbed. The coin will retain its full value even if the red poppy has worn off or been removed; however, it is now expected that fully coloured specimens will become collectible in the future. In an isolated incident in the United States these coins were briefly reported as a possible 'spy tool' by some US Defense Contractors unfamiliar with the odd-seeming coin and raised espionage warnings until the situation was clarified.Bridis, Ted, CNN On May 4, 2005, the Mint unveiled a new "Victory nickel", reminiscent of the original issued during the
Second World War World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposi ...
. The new coin commemorated the 60th anniversary of the Allied victory in
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...
. A mintage of 59,258,000 Victory nickels were produced and treated as regular circulation coins. In 2005, 25¢ and $5 coins commemorating the centennial of two of Canada's provinces were released: the coin for
Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...
represents oil exploration in that province; the coin for
Saskatchewan Saskatchewan ( ; ) is a province in western Canada, bordered on the west by Alberta, on the north by the Northwest Territories, on the east by Manitoba, to the northeast by Nunavut, and on the south by the U.S. states of Montana and North Dak ...
depicts a singing meadowlark and a grain elevator. Later the same year, the Mint later issued a ''Year Of The Veteran'' coin to honour military veterans, again in the 25¢ denomination. On February 21, 2007, the mint announced that they would be producing a 100-kilogram coin the size of a large pizza with a face value of $1 million. This new coin bears the highest face value in the world, using approximately $2 million of 99.999% pure bullion, and five were produced and sold to investors. File:Alberta.jpg, The Alberta Centennial Coin File:100kgCanadianGoldOnPedestal.png, $1M 100 kg gold coin


Urban legends

Several
urban legend An urban legend (sometimes contemporary legend, modern legend, urban myth, or urban tale) is a genre of folklore comprising stories or fallacious claims circulated as true, especially as having happened to a "friend of a friend" or a family m ...
s and other false information have circulated regarding Canadian coinage. * ''The centre can pop out of a toonie.'' This is in fact true, but only for coins struck in 1996. Many toonies in the first shipment of the coins were defective, and could separate if struck hard or frozen, as the centre piece would shrink more than the outside. This problem was quickly corrected, and the initial wave of "toonie popping" blew over a few months after the coin's introduction. * ''The 50¢ piece is no longer minted and/or has been withdrawn from circulation.'' The 50¢ coin circulates so little that many people have never personally seen or handled one. Shop proprietors have been known to refuse to accept them as payment because they do not recognize them as Canadian currency. However, the RCM continues to produce the 50¢ coin annually for coin collections such as the Uncirculated, Specimen, and Proof Sets. Although the RCM does produce the coin in small numbers (in 2005, the mintage for the coins was 200,000, and the coins were not produced for circulation in 2003 and 2004); most of them are purchased by coin collectors. The remainder go to banks, though most do not give them out unless the customer specifically requests so. Given enough notice, any bank should be able to obtain them in a significant quantity for their customers. The 50¢ coin is also commonly handed out as regular change at some
Canada Post Canada Post Corporation (french: Société canadienne des postes), trading as Canada Post (french: Postes Canada), is a Crown corporation that functions as the primary postal operator in Canada. Originally known as Royal Mail Canada (the opera ...
locations. An attempt at widening the circulation of the 50-cent piece was made in 2002 with the release of a specially designed coin marking the Golden Jubilee of Queen Elizabeth II, which was circulated through the
Laura Secord Chocolates Laura Secord s.e.c is a Canadian chocolatier, confectionery, and ice cream company. It was named after the Canadian heroine Laura Secord. In 1813, Laura Secord, pioneer wife and mother of seven children, made a dangerous 19-mile (30-km) journey on ...
store chain in Canada.Press release: "50-Cent Circlulation Coin Commemorates Golden Jubilee", May 18, 2002 (archived her

* ''The crown is wrong in the Queen's portrait.'' When the new coin portrait was first issued in 1990 (see above), a legend surfaced that the artist had simply added the image of a crown to a portrait of the Queen, and that she was never meant to be seen wearing that headgear. This is false; she posed personally for the portrait wearing one of her usual crowns.


Effigies

1953 – The coronation of a new monarch meant a new effigy. Due to an issue with the portrait model for the new Queen Elizabeth, two obverse varieties, termed the "no shoulder fold" and the "should fold" obverses were found in circulation during 1953. The portrait model was prepared in England by a sculptress, Mary Gillick. The
relief Relief is a sculptural method in which the sculpted pieces are bonded to a solid background of the same material. The term '' relief'' is from the Latin verb ''relevo'', to raise. To create a sculpture in relief is to give the impression that th ...
of this model was too high. This affected the new effigy because the centre portion containing two lines on the shoulder (representing a fold in the Queen's gown) did not strike up well on the coins. This obverse had been termed the "no shoulder strap" variety by numismatists. Later in 1953, Mint authorities decided to correct the defects in the obverse design.
Thomas Shingles Thomas Shingles (3 April 1903 – 31 May 1984) was the Master Engraver of the Royal Canadian Mint from 1943 until his retirement in 1965; he first began work at the Mint in 1939. He was born in Birmingham, England. Shingles was responsible fo ...
, chief engraver of the RCM, was summoned to lower the relief of the model. The result was that he had strengthened the shoulder and hair detail. This revised obverse (often called "the shoulder strap" variety due to the resemblance of the lines to a strap) was introduced before the end of the year. This was accepted as the standard obverse. The no shoulder fold obverse was used to produce some of the 1954 cents for the proof-like sets and a small quantity of 1955 cents for circulation. The 1955 no shoulder fold variety is the most desired with collectors. 1965 – Starting in 1965, the effigy of the Queen underwent the first of three changes. This new obverse featured the Queen with more mature facial features. The wearing of a tiara was the other aspect of the new effigy. 1990 – A new obverse debuted with the Queen now wearing a diamond diadem and jewellery. Although the effigy changed in 2003, this portrait with diadem is still used on all Chinese Lunar New Year coins. 2003 – To commemorate the 50th anniversary of the coronation of the Queen, a new obverse was introduced. The unique feature of this effigy is that the Queen is without headdress. This marked the first time that the effigy of a monarch did not wear headdress since Elizabeth's father, King George VI, a half-century earlier.


Mint mark

In an effort to build the brand, the Royal Canadian Mint implemented a policy in which all its circulation and collector coins would bear a new mint mark. Unveiled at the
Canadian Numismatic Association The Royal Canadian Numismatic Association was founded in 1950. It is a nonprofit association for coin collectors and other people interested in Canadian numismatics. It has members throughout Canada and in other countries. At times, it also works ...
convention in
Niagara Falls Niagara Falls () is a group of three waterfalls at the southern end of Niagara Gorge, spanning the border between the province of Ontario in Canada and the state of New York in the United States. The largest of the three is Horseshoe Fall ...
, Ontario, in July 2006, the mint mark was a reproduction of the Royal Canadian Mint logo. The first circulation coin to bear the new mint mark was the 10th anniversary $2 coin, illustrated by Tony Bianco. This meant that the "P" mint mark which recognized the plating technology would no longer be used. For collectors, the first collector coin to feature the new mint mark was the Snowbirds coin and stamp set.


Records

In the Charlton Standard Catalogue of Canadian Coins, the 1911 $1 coin is valued at $1,250,000. There are only 2 known specimens in sterling silver, and one specimen in lead. One of the silver specimens and the lead specimen are located at the Bank of Canada's currency museum, while the other is in a private collection. The rarity stems from the fact the federal government chose not to proceed with producing a "silver dollar" in 1911. The 1911 coin sets were originally planned to include the $1, but the sets came with an empty gap where the $1 coin was supposed to be. Canada didn't issue a $1 circulation coin until 1935, when it issued a circulating dollar commemorating George V's Silver Jubilee. Among numismatists, the 1921 50-cent coin is considered the rarest Canadian circulation coin and is known as The King of Canadian coins. As of 2012, a 1921 50-cent piece in MS-65 condition is valued at $250,000 to $350,000. Despite a mintage of 206,398 coins, there was a very low demand for 50-cent coins in the 1920s. The belief is that most of the 50-cent coins from 1920 and 1921 were melted (amounting to approximately 480,392 coins). The reason for the melting was that new coins were needed for 1929 and if coins from 1920 and 1921 were released into circulation, people would suspect counterfeit coins. According to legend, only 50 of these coins still exist (with only 3 known in mint state), and most of those are from Specimen Sets that were sold to people who visited the RC Mint.


Victory nickel

(Tombac 1943–1944) (Steel 1944–1945) The 5-cent piece underwent a design change for the first time since 1937 when the beaver was first introduced. The new reverse featured a striking V design. In the interest of promoting the war effort, the famous V sign from
Winston Churchill Sir Winston Leonard Spencer Churchill (30 November 187424 January 1965) was a British statesman, soldier, and writer who served as Prime Minister of the United Kingdom twice, from 1940 to 1945 during the Second World War, and again from ...
was adopted. Perhaps, the most unusual aspect of this coin was the Morse Code. The meaning was "We Win When We Work Willingly". The edges of the steel versions of the Victory nickel were known to rust. Due to high demands for copper and zinc during the war effort, the use of Tombac was suspended. A new composition of steel with .0127 mm plating of nickel and .0003 mm plating of chromium became the norm. The plating process of these coins meant that strips had to be plated before blanks were punched out. The result was that the edges of the blanks were unplated. Although the RCM returned to nickel after WWII, the Korean war effort resulted in the use of steel again in 1951. Some of the steel coins were later discovered to have only the nickel plating and had a grey rather than the usual "bluish" appearance. Until recently, this variety did not command a premium price from collectors, but the fact that some years are rarer than others has started to generate interest in this variety.


References


Further reading

* * * * ''Coins of Canada'' by J.A. Haxby and R.C. Willey.


External links

* of the
Royal Canadian Mint }) is the mint of Canada and a Crown corporation, operating under the ''Royal Canadian Mint Act''. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada's circulation coins, and manufacture ...
(producer of Canadian coins) {{Canadian currency and coinage