Last updated on May 2nd, 2024 at 03:35 pmThe Royal Canadian Mint is one of the most advanced and highly praised minting institutions in the world, and with good reason. Not only is the technologically used some of the most advanced, but it also excels in a number of other ways. For example, at one time, the Mint actually manufactured $1,000 bills, many of which are today still mysteriously present even though they have been out of circulation for nearly two decades. Canadian paper money, in general, exists in countless shapes, designs and forms, but the $1,000 bill today is…
Nature’s Light Show: Silver Canadian 50 Dollar Coin
Last updated on May 2nd, 2024 at 03:35 pmIt is often said that a coin collection is incomplete without at least one specimen of a Canadian Silver Dollar. The Royal Canadian Mint is no stranger to crafting repeated examples of this coin, each time with a new and interesting twist. This time the Mint has truly outdone itself. The first in a brand new series of coins, the 2018 Canada $50 Nature’s Light Show – Stormy Night Fine Silver coin stands proudly as a pioneer of a coin series meant to showcase what the Mint can achieve. Here’s everything you…
Colonial Acres Coins: Trusted Canadian DNA Dealer
Last updated on May 2nd, 2024 at 03:35 pmThe Royal Canadian Mint is a world-renowned minting institution that has been at the forefront of coin and paper money production ever since it was established. Few other institutions across the world have ever come close to the legendary status of the RCM, and the reason for that is the fact that the Mint continuously improves and pushes the boundaries of what is possible and considered standard when it comes to minting circulation and non-circulation coins. The latest addition to its wide array of revolutionary programs and activities is the Bullion DNA…
The Effects of Removing the Canadian Penny From Circulation
Last updated on May 2nd, 2024 at 03:35 pmIt’s been ten years since the last Canadian penny was minted on May 4th, 2012. This passage of time allows us to gain a better understanding of how the de-circulation of the penny has affected the Canadian economy. In general, the population has handled taking the penny out of circulation very well. However, removing the penny from circulation has also shown how beneficial digital currency can be and made pennies a rare commodity for collectors. How Do People Feel About Not Having the Penny in Circulation? When the penny was first removed…
Digital Currency? Paper Money Still Has A Role To Play In Today’s World
Last updated on May 2nd, 2024 at 03:35 pmWhen talking about paper money, there is no shortage of those who believe that it is nearing its end. On the other hand, a vast number of people are of the opinion that it will never die. There are a number of reasons why paper money was, is and will most likely be just as important in the near future. Some of these reasons are because it is accepted almost everywhere, it is versatile, convenient and its use can’t be that easily tracked. Keep reading to learn about why it would be…
Before Confederation: Currency Of The Atlantic Provinces 4-Coin Set
Last updated on May 2nd, 2024 at 03:35 pmPrior to Confederation in 1867, each Canadian province formed a separate British colony which meant that each one had its own unique cultural identity and even their very own coins. This is a fact that adds an interesting note of diversity to coins of Canada and the country’s coin history in general. The Royal Canadian Mint celebrates this time with a Pure Silver 4-Coin Set – Before Confederation: Colonial Currency of the Atlantic Provinces. The set re-visits the 19th-century reverse designs – the work of L.C. Wyon – whose engraved artwork was…
1936 “Dot Cent” Penny – Canada’s Rarest Coin?
Last updated on May 2nd, 2024 at 03:35 pmWhen it comes to rare Canadian coins, there are, ironically, many of them in existence today. Some are rare because they only exist in very small numbers, while other ones were minted specifically for that purpose. Certainly, one of the rarest examples currently in circulation is the “Dot Cent” penny produced in 1936. With just three of these rare coins produced, enthusiasts view them as some of the most highly sought after coins. During King George V’s last year of sovereignty, the Royal Canadian Mint produced millions of pennies, but these special…
A Look Into The First Gold Coins Minted In 1912
Last updated on May 2nd, 2024 at 03:35 pmIn 1853, Canada decided to implement the gold standard. This allowed trade to be straightforward, but it also meant that appropriate amounts of gold needed to be kept in reserve to support the country’s currency. One of the benefits of this decision was that it fueled interest in the Canadian mint and particularly in the production and design of gold coins. When local miners found gold in the Klondike area of Yukon, thousands of Canadians got caught up in the gold rush. The Dominion Government soon caught on and, in 1912, ordered…
150th Anniversary Of TransAtlantic Cable Silver Dollar Coin
Last updated on May 2nd, 2024 at 03:35 pmIn recognition of the 150th anniversary of the Transatlantic cable, the Royal Canadian Mint took the opportunity to issue a special-edition silver dollar. This Canadian silver dollar celebrates a feat of engineering that is remembered today as a monument to perseverance. The cable provided vital communication between the continents of North America, Europe and the world over. Its eventual implementation managed to connect both sides of the Atlantic Ocean via telegraph just before the invention of the telephone and was an ingenious idea that was way ahead of its time. The Coin…
Paper Money: A Look Back At The Canadian $5 Bill
Last updated on May 2nd, 2024 at 03:35 pmCanadian paper money, including the interesting five-dollar bill, has been regulated by the Bank of Canada ever since 1934. Since then, the banknotes of Canada have undergone many changes including the language and their design. For example, the banknotes were unilingual at first and usually had the picture of either the member of the royal family or the Prime Minister. The five-dollar bill has been particularly popular among collectors who aim at gathering them all. Read on to find out how it has evolved throughout the years and why you should consider…
