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Mint-made errors occur when coins are made incorrectly at the mint, including anything that happens to the coin up until the completion of the minting process. [1]
According to the Royal Canadian Mint, the official term for the coin is the one-cent piece, but in practice the terms penny and cent predominate. [citation needed] Penny was likely readily adopted because the previous coinage in Canada (up to 1858) was the British monetary system, where Canada used British pounds, shillings, and pence as coinage alongside U.S. decimal coins.
However, it too wears the dies when they are used for too long. An infamous example is the 1955 "poorman’s double die." This coin is sold as a replacement for the 1955 doubled die cent, but it is no more than Die Deterioration Doubling, caused by wear on the dies. When a coin is struck, the planchet is not heated. Although the planchet would ...
Originally, the plans called for the voyageur design to be continued on the new gold-coloured dollar coin. This set of dies depicting the design was lost in transit. [8] To eliminate the risk of counterfeiting, an alternate design submitted by Robert-Ralph Carmichael in a 1978 coin design contest, featuring a loon, was used. [9]
Among numismatists, the 1921 50-cent coin is considered the rarest Canadian circulation coin and is known as The King of Canadian coins. As of 2012, a 1921 50-cent piece in MS-65 condition is valued at $250,000 to $350,000. [citation needed] Despite a mintage of 206,398 coins, there was a very low demand for 50-cent coins in the 1920s. The ...
The 1-, 10- and 25-cent coins in 1937 would be struck from dies with a 1936 date on the reverse. To distinguish that these coins were issued in 1937, a dot mint mark was placed on the 1936 dies and could be found beneath the year. These coins fulfilled demand for coins until new coinage tools with the effigy of King George VI were ready.