![]() ![]() Does that still stand today? No.īeginning with World War I, the cost of silver skyrocketed, and so came the downfall of silver Canadian coins. You may have noticed that many of the above coins are made of silver. Rather, the word toonie is a portmanteau of the words “two” and “loonie.” Simple, right? Are Canadian Coins Still Made of Silver Then why are Canadian 2 dollar coins called toonies? No, there is not a bird called the common toon. On the reverse of many Canadian dollar coins is pictured a bird called the common loon. Why are Canadian dollar coins called loonies? Look at the coin, and the answer is obvious. Once sold in the Spink’s sale in 1910, the coin then made its way to the renowned King Farouk collection, the cabinet of Emory Norweb, and the 1996 Bowers and Merena sale. With only two of its kind discovered, this coin is incredibly hard to obtain. ![]() Although this coin’s design is remarkably similar to that of its circulated cousin, the coin has a few distinguishable differences, such as bolder, larger, and blocked lettering, mirroring, and cameo frost. Minted at the London Mint, hundreds of thousands of miles from its Canadian home, the 1865 Canada: Newfoundland Victoria Gold Pattern Specimen 2 Dollar coin PCGS MS 63 was also not minted with the purpose of circulation amongst the public. 2003 Canada: Elizabeth II Gold Proof “Golden Jubilee” Dollar $108,000ġ865 Canada Newfoundland Victoria Gold Pattern Specimen 2 Dollar Out of the 87 graded 1921 Canada: George V 5 cent coins, this specimen is the finest with blue shades and silverish patina. ![]() Only a select few 1921 Canada: George V 5 cent coins were able to escape their comrades’ fate, dispersing into the hands of collectors. The Canadian government passed orders ultimately resulting in the melting of 3 million silver 5 cent coins in favor of copper and nickel coins. Well, this coin was, unluckily, made out of silver in an era promoting copper and nickel 5 cent coins. Then why is this coin listed among the rarest Canadian coins in existence? Surprisingly, the issue for the 1921 Canada: George V 5 Cent coin minted over 2.5 million such coins. Now that we have a 1911 Pattern Dollar DC-6 “Emperor of Canadian Numismatics” and a 1921 Canada: George V 50 Cent “King of Canadian Coins,” of course we need a 1921 Canada: George V 5 Cent “Prince of Canadian Coins” to complete the family. What makes this coin truly rare is its identity as a “proposed coin” rather than a “business coin.” With only two silver specimens and one lead specimen, this coin was initially produced in London and the dies sent to Canada, where they would never be used again. Blakemore includes a clock, the signature Canadian maple wreath, and the words “One Dollar Canada 1911,” a relatively simplistic and common design. In contrast, the reverse of the coin designed by W. ![]() Written above the illustration are the words “Georgivs V Dei Gra Rex Et Ind Imp,” loosely translated to “George V, by the grace of God king and emperor of India.” Curiously, it is exactly these words that separate this coin from its peers- none other George V coins of the same year have the words “Dei Gra,” or the “Grace of God.” Bertram MacKennal designed the coin’s obverse, making it to depict the ruler of the UK and India at the time, George V in royal attire. Its story begins in 1910 when the Dominion of Canada Currency Act called for the creation of a dollar with. With only one other specimen struck in silver, this coin is exceedingly rare. Once called the “Emperor of Canadian Numismatics,” the 1911 Pattern Dollar DC-6 coin was sold in January of 2003 by Heritage Auctions. ![]()
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