Last updated on June 25th, 2020 at 04:18 pm
Last Updated on June 25, 2020 Posted by Colonial Acres Coins
Every year, the Royal Canadian Mint releases new runs of coins. Most of these are intended for practical use as currency, but some are aimed primarily at collectors. Occasionally, the mint releases a truly unique coin that has value well beyond its face denomination. In March 2020, that happened with a limited-run diamond-on-diamond coin.
The Coin
The diamond-shaped coin looks nothing like a traditional coin. It is a three-dimensional diamond shape similar to a square-cut stone. Made from three ounces of 99.99% pure silver, this coin would be highly desirable even with only the metal portion. However, it also has a small Forevermark diamond set into one of the faces of the coin. To make these stones even more special, they are some of the last examples mined from Northern Ontario’s Victor Mine which is now closed.
Interestingly, the cut of the coin closely matches the cut of the inlaid diamond. Both are the patented cut of the 0.20-carat Forevermark Black Label diamond created by Crossworks Manufacturing. This is the first time the Royal Canadian Mint has produced such a coin. The 700 units of the limited-run promptly sold out. This is unsurprising because, although the Helvetic Mint produced a similar coin in 2016, this is a design that collectors cannot find anywhere else.
The (nontraditional) obverse features Susanna Blunt’s portrait of Queen Elizabeth II. The coin is also embossed with the words “Canada,” “50 Dollars” and “2020”. Collectors can find a lot of love about this coin. In addition to the stunning design, it also comes with a mirrored capsule that helps reflect light onto the bottom of the coin. Like other coins from the RCM, it is sold with a serialized certificate of authenticity. This coin is destined for display. Its jewelry-themed design, beautiful packaging, and uniqueness make it a perfect addition to any collection. Although the 700-coin run has sold out, there is likely to be continually trading of these coins on the secondary market.
Creating the Diamond Pattern
According to the Royal Canadian Mint, it took over 12 months to perfect the design. This design was a first for the mint due to its unique shape in the full three dimensions. Although the mint has previously departed from the conventional coin shape, this item represents a leap forward. The coin appears to have been inspired by the imminent closing of the Victor Mine. Discovered in 1995 and opened in 2008, the mine was the first Canadian diamond mine located in Ontario. Over the course of 11 years, it produced and processed an immense number of diamonds.
The Royal Canadian Mint and Unique Coins
Over the years, the Royal Canadian Mint has created many impressive coins commemorating important events in the nation’s history. As technologies and techniques have improved, the mint has regularly taken advantage of opportunities for innovation. This diamond-shaped piece is the latest but by no means the first departure from traditional coins. Many commemorative coins have featured painted designs, deep engravings, gold-plating, and more. These coins offer collectors a way to remember the history, culture, and nature of Canada.
Find the Right Coin for Your Collection
Check out Colonial Acres Coins to find something that is perfect for your collection. While a three-ounce diamond-shaped coin with an inlaid 0.20-carat diamond may be a little pricey for some collectors, there are many more beautiful designs from the Royal Canadian Mint.
Coin collecting is a wonderful passion and a pastime that anyone can get involved with. Whether you are a beginner looking for your first coin or a veteran seeking the next addition to your collection, Colonial Acres Coins has something for you. Explore our full catalogue of recently released and historic coins today.