Last updated on May 2nd, 2024 at 03:35 pm
Last Updated on May 2, 2024 Posted by Colonial Acres Coins
Just as the United States of America was closing out a 141-year history of $1 coinage in 1935, Canada struck its first circulating crown-sized silver pieces. The Royal Canadian Mint produced the 1935 Silver Jubilee Commemorative Dollar in order to celebrate the 25th year of the reign of King George V. There are two ways in which the Canadian silver dollar is historic:
- It is the first ever silver dollar minted for circulation in Canada
- It is also the first commemorative coin minted by the Dominion of Canada
The Design of the 1935 Silver Jubilee Canadian Silver Dollar
The obverse of the 1935 Canada silver dollar features the image of George V wearing the Imperial State Crown and coronation robe. There is an inscription in Latin that appears around the rim, which reads “Georgivs V Rex Imperator Anno Regni XXV,” meaning “George V King Emperor 25th Year of Reign.” If you turn the coin to examine its reverse, you’ll find what is known as the Voyageur Reverse. It features the figures of a Native Canadian and a voyageur (French for traveler) paddling their canoe past a treed island with the northern lights in the background. Canadian silver dollars minted between 1935 and 1966 all feature the Voyageur Reverse, with the exception of commemorative dollars minted in 1939, 1949, 1958 and 1964.
Why Was the $1 Silver Dollar Minted and Used at Such a Time?
This question becomes even more important when one considers the fact that such coins were discontinued in the neighboring United States as a result of a lack of popularity and usage combined with vast inventories in U.S. Treasury vaults. Keep in mind, this was also when the Great Depression was taking place. A $1 coin represented a significant portion of a day’s wages for the average Canadian. There was also no history of special commemorative issues in Canada prior to 1935, unlike the United States. The reason why a silver $1 coin did have a certain amount of logic to it was because George V was celebrating his 25th year as king of England and because the British monarch traditionally occupies the obverse of Canadian coinage.
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