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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.
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.
The obverse of all Canadian coins feature the reigning monarch, currently His Majesty King Charles III. [1] The effigies of the monarchs on the coins originally were provided by the Royal Mint in London, leading to similarity between Canadian coins and coins of other Commonwealth nations. Since 1990, however, the effigy has been prepared by ...
In 1977 the Canadian Secretary of State formally designated the Bank's acquisitions as the National Currency Collection. [2]: 27 The museum opened its doors to the public in the newly expanded Bank of Canada Building on December 5, 1980. On July 2, 2013, the museum was closed for four years, while the Bank of Canada building was remodelled.
[34] [38] The next year, 1858, the first Canadian decimal coins were released. Minted at the Royal Mint in London, they were issued in the name of "Canada", with an effigy of Queen Victoria on the obverse. The coins were in denominations of one-cent, five-cents, ten-cents, twenty-cents and fifty-cents. [28] [34]
The Canadian five-cent coin, commonly called a nickel, is a coin worth five cents or one-twentieth of a Canadian dollar. It was patterned on the corresponding coin in the neighbouring United States. It became the smallest-valued coin in the currency upon the discontinuation of the penny in 2013 .
The voyageur dollar is a coin of Canada that was struck for circulation from 1935 through 1986. Until 1968, the coin was composed of 80% silver. A smaller, nickel version for general circulation was struck from 1968 through 1986. In 1987, the coin was replaced by the loonie.
In 2010, the mint introduced a new series of silver 9999 fine 1-troy-ounce (31 g) bullion coins featuring Canadian wildlife. The first coin, launched in late 2010, depicts a wolf, while the second features a grizzly bear. The third design, depicting a cougar, was released on September 24, 2011, for public sales.