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The plan was to have thirty coins, twenty-eight silver coins with face values of $5 and $10, and two gold coins with face values of $100. They are the first of the modern Olympic coins with face values of one hundred dollars. [1] Due to the incredibly high mintage (over 20 million coins were produced), these coins have no investment value ...
The first significant sign was the creation of the two-hundred dollar gold coin. Starting in 1990, this coin was sold for a higher price than its face value. The first coin commemorated the Silver Jubilee of Canada's flag and sold for $395.00. The superstar of this collection would be the Canadian Native Cultures and Traditions coins.
In 1976, the RCM created the Gold, Silver and bronze medals for the 1976 Olympic Games. In 1983, the RCM issued a medallion to commemorate Prince Charles and Lady Diana Spencer. The composition of the medal is 92.5% pure silver and has a diameter of 36mm. The coin had a production limit of 100,000 and its issue price was $24.50.
The quantity of the large bust has never been confirmed but most publications on Canadian coins estimate that there are approximately 10,000 of these coins. The 1999 Millennium series of 25-cent pieces included the bust of a Mountie on each of the January and July issues. [2] Unlike the twenty-five cent coin, the Silver Dollar had the same obverse.
The coin was eventually sold in 1965 to John McKay-Clements, former mayor of Haileybury, Ontario. Following McKay-Clements' death in 1976, the coin was auctioned off again. Due to its uniqueness, it gained the nickname of the "Emperor of Canadian Coins" [2] around the same time the 1911 half-dollar was dubbed the "King of Canadian Coins". [4]
Following the return to the gold standard, British and United States gold coins, government of Canada notes, and Canadian coins were legal tender. Bank notes ceased to be legal tender. However, the return was short-lived. Britain went off the gold standard in September 1931, during the depths of the Great Depression. Canada followed suit by ...