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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. 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.
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 ...
The Canadian origin of this term derives from a coin struck by the Hudson's Bay Company during the 17th century with a value equal to the pelt of a male beaver – a "buck". [12] Because of the appearance of the common loon on the back of the $1 coin that replaced the dollar bill in 1987, the word loonie was adopted in Canadian parlance to ...
When first created in 1868, the Canadian dollar was partially backed by gold. Under the Dominion Notes Act, the government was required to have gold reserves of up to twenty per cent of the value of the first five million dollars of notes issued, rising to twenty-five per cent of the value of the next three million dollars issued. [54]
Commemorative coins and general circulation. This page deals with commemorative coins issued by the Mint for general circulation, in the normal denominations of Canadian coins: two dollar; one dollar; fifty cent; twenty-five cent; ten cents; five cents; and one cent (now discontinued). They are available from the Mint and commercial banks at ...
The coin was eventually sold in 1965 to John McKay-Clements, former mayor of Haileybury, Ontario. Following McKay-Clements' death in 1976, the coin was auctioned off again. Due to its uniqueness, it gained the nickname of the "Emperor of Canadian Coins" [2] around the same time the 1911 half-dollar was dubbed the "King of Canadian Coins". [4]
1973. 100th Anniversary of the RCMP. Paul Cederberg. 135,958,589. The 25-cent piece for 1973 bears a special reverse designed by Paul Cederberg [3] (the Police Constable sitting on a horse in the design). [4] It honoured the RCMP for 100 years of service. 1999. Millennium. P. Ka-Kin Poon.
Design date. 1979 (2015) The Canadian Gold Maple Leaf (GML) is a gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold.