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Following the return to the gold standard, British and United States gold coins, government of Canada notes, and Canadian coins were legal tender. Bank notes ceased to be legal tender. However, the return was short-lived. Britain went off the gold standard in September 1931, during the depths of the Great Depression. Canada followed suit by ...
Glen's first coins were set of 4 platinum 1991 Snowy Owls for the $30, $75, $150 and $300. Loates designed the reverse of the 2015 " In Flanders Field " themed circulation $2 coin which celebrated the 100th anniversary of the writing the poem which resulted in poppies becoming a symbol of Remembrance Day in Canada. 5 million Loates-designed $2 ...
With the passing of the Currency Act on 1 August 1854, the Province of Canada introduced a decimal currency. Coins were struck in 1-, 5-, 10- and 20-cent denominations. The new Canadian dollar was equal in value to the New Brunswick dollar , which was introduced in 1852.
According to the Mint, a large quantity of the 1912–1914 gold coins were stored by the Bank of Canada for over 75 years. [13] 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. [13]
In 2000, the Royal Canadian Mint lent a series of the new plated 10¢, 25¢ and 50¢ issues to the vending industry for testing purposes. These coins were issued with the letter P below the Queen's effigy. Some of these coins were not returned to the RCM by the vendors and it is possible some were sold to collectors at a considerable premium. [41]
In 1867 the Provinces of Canada, New Brunswick, and Nova Scotia united in a federation called the Dominion of Canada and their three currencies were merged into the Canadian dollar. In 1871 Prince Edward Island went decimal with a dollar pegged to the US and Canadian dollars, and introduced coins for 1 cent. However, the currency of Prince ...
The weight of the coin was originally specified as 108 grains, equivalent to 6.998 grams. [31] The coin's diameter is 26.5 mm. [32] When introduced, loonie coins were made of aureate, a bronze–electroplated nickel combination. Beginning in 2007, some loonie blanks also began to be produced with a cyanide-free brass plating process.
Except for 1¢ coins struck in 1859, no more coins were issued until 1870, when production of the 5¢ and 10¢ was resumed and silver 25¢ and 50¢ were introduced. Between 1908 and 1919, sovereigns (legal tender in Canada for $ 4.86 + 2 ⁄ 3) were struck in Ottawa with a "C" mintmark. Canada produced its first gold dollar coins in 1912 in the ...