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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 .
On May 4, 2005, the Mint unveiled a new "Victory nickel", reminiscent of the original issued during the Second World War. The new coin commemorated the 60th anniversary of the Allied victory in World War II. A mintage of 59,258,000 Victory nickels were produced and treated as regular circulation coins. [21]
In 1931, Canada became an independent dominion of the British Empire and the assets of the mint were transferred to the Canadian government. In December 1931, the mint was established as the Royal Canadian Mint and as a branch of the Department of Finance via an act of Parliament. [10]
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]
Pre-1992 British pennies were made of 97% copper; but as of 2008, based on the price of copper, the value of a penny from this period is 1.5 new-pence. Modern British pennies are now made of copper-plated steel. Cupronickel, a base metal alloy with varying proportions of copper and nickel, was introduced as a cheaper alternative for silver in ...
In 1942 some Canadian nickels were made of nickel and later in the year some were made of an alloy called tombac. Date: The coin design: first used in 1937 ; This photograph: 11 December 2009 22:59; Source: CANADA, FIVE CENTS ---NICKEL 1942 a: Author: The coin design: G.E. Kruger Gray (1880-1943) (initials KG on the coin)
The denomination (i.e., the Canadian five-cent piece) had been introduced in 1858 as a small, thin sterling silver coin, that was colloquially known as a "fish scale", not a nickel. The larger base metal version made of nickel, and called a "nickel", was introduced as a Canadian coin in 1922, originally as 99.9% nickel metal.
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 ...