Monday, November 16, 2015

Interesting facts about Canadian decimal coins

Canadian Decimal Coins have been manufactured and minted for a long time. It has a history of its own, and every story has some interesting facts to share. Here are some interesting things about the Canadian Decimal Coins you should know:

  • Canadian Decimal Coins started in 1858, and then soon after the Canadian Confederation was given authority in terms of coinage by the British Parliament. Before 1858, Canada adopted the British pound system.
  • Also in 1858, Canada (which was still then a province) issued 20-cent coins. In 1867 the British Parliament declared the Dominion of Canada and after this the 1858 20-cent coins were recalled and melted. This happened because it was decided that the official denomination to be used will be the 25-cent.
  • In 1871, the Uniform Currency Act dictated that the decimal currency is the official system to be used throughout Canada. It was also by this time that the first Canadian coins struck in the Royal Mint were made.
  • From 1870 to 1923, 25-cent bank notes were made in Canada and were known as "shinplasters".
  • In 1949, Newfoundland joined the Canadian Confederation. During this time, the first ever $2 22K gold coins struck in 1865 for Newfoundland only, became legal tender.
  • In 1954, there were conflicts regarding the early printings of the Bank of Canada issues. These early printings showed a malicious image (devil's head) in the Queen's portrait. The image was seen through the highlights in the queen's tresses. This was a controversy and it led to total redesign of the Queen's portrait. The highlights were darkened and thus the image was removed.
  • In 1968, coins minted were in base metal composition. 
  • In 1979, the Gold Maple leaf coin was released and had a purity of .999. This was raised to .9999 in 1982 and became the purest of gold bullion coins.
  • In 2007, Canadian Five Nines Pure Gold Maple Coins were created. These million dollar worth coins had a mass of 100kg, and only 5 were officially struck as of May 2007.

These are just some facts in the history of Canadian Decimal coins. The Canadian currency system had a rich history, and collectors appreciate this kind of value. Many collectors opt for their very own set of Canadian Decimal coins.

If you are interested in starting your own, you need to have dedication to do a lot of research about the coins you are collecting. Shops like Colonial Acres Coins can help you with their vast numismatic resources. More than that, Colonial Acres features a wide range of Canadian Decimal coins from 1858 one cents to present day $2 coins. Start your journey in coin collection with this set, and let Colonial Acres be the shop that guides and provides you the best of coins.

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