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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.
Logo of Canada's 1967 Centennial celebrations, designed by Stuart Ash 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.
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]
On the left side of the obverse is a monochrome green adaptation of the stylized maple leaf used as the Canadian Centennial logo, marked with the years 1867 and 1967. [7] The portrait is of an engraving of Elizabeth II adapted from a 1951 photograph by photographer Yousuf Karsh , but with the tiara she was wearing removed. [ 8 ]
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. [22] [23]
In Canada, a dime is a coin worth ten cents. It has been the physically smallest Canadian coin since 1922; it is smaller even than the country's penny, despite its higher face value. According to the Royal Canadian Mint, the official national term of the coin is the 10-cent piece, but in practice, the term dime predominates in English-speaking ...
The Canadian five-cent coin, commonly called a nickel, is a coin worth five cents or one-twentieth of a Canadian dollar. It was patterned on the corresponding coin in the neighbouring United States. It became the smallest-valued coin in the currency upon the discontinuation of the penny in 2013 .
For the 2017 Canada 150 series, the Royal Canadian Mint held a contest titled My Canada, My Inspiration [12] to determine the reverse designs of the five circulating coins. The 50-cent coin would contain the Canadian Coat of Arms on the reverse, with the Canada 150 logo, designed by Ariana Cuvin, on the obverse, replacing Queen Elizabeth II. [13]