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According to the Royal Canadian Mint, the official term for the coin is the one-cent piece, but in practice the terms penny and cent predominate. [citation needed] Penny was likely readily adopted because the previous coinage in Canada (up to 1858) was the British monetary system, where Canada used British pounds, shillings, and pence as coinage alongside U.S. decimal coins.
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. [citation needed] Despite a mintage of 206,398 coins, there was a very low demand for 50-cent coins in the 1920s. The ...
The 1-, 10- and 25-cent pieces in 1937 would be struck from dies with a 1936 date on the reverse. To distinguish that these coins were issued in 1937, a Dot mint mark was placed on the 1936 dies, and could be found beneath the year. These coins fulfilled demand for coins until new coinage tools with the effigy of King George VI were ready.
A penny, on its face, is worth one cent. $0.01 U.S. dollars. On the other hand, that same penny -- if melted down for the copper it contains -- could be worth quite a bit more. Due to the fact ...
[34] [38] The next year, 1858, the first Canadian decimal coins were released. Minted at the Royal Mint in London, they were issued in the name of "Canada", with an effigy of Queen Victoria on the obverse. The coins were in denominations of one-cent, five-cents, ten-cents, twenty-cents and fifty-cents.
The 1-, 10- and 25-cent coins in 1937 would be struck from dies with a 1936 date on the reverse. To distinguish that these coins were issued in 1937, a dot mint mark was placed on the 1936 dies and could be found beneath the year. These coins fulfilled demand for coins until new coinage tools with the effigy of King George VI were ready.
More than 600 of these coins were given to politicians and others during the original minting, but additional coins were re-struck from the original dies in 1858 and 1859. These coins can range in ...
In 1863, the Bank of Upper Canada complained to the Canadian government that it had a hard time trying to issue their final coinage because of the change to decimal currency. The government bought the coins and stored them in a warehouse as copper bullion. After Canadian Confederation, the coins were melted in 1873 under government supervision.