In Stock and Ready for Immediate Shipment!
SOLD OUT at the Royal Canadian Mint!
FIVE
PURE SILVER PENNY PROOFS - ALL UNIQUE IN CANADIAN
HISTORY! Canada eliminates the one cent coin from circulation as we bid
a fond farewell to this much-collected denomination! Low mintage, too - only 5,000 total sets!
It's like losing a friend, someone who's been there all your life - the
penny is no more. Canada has made the momentous decision to eliminate
the one cent denomination, and we are sad. One of the three most
collected of Canadian coins (along with the
dollar
and
silver
maple leaf),
the penny has been a cornerstone of Canadian (and North American)
commerce since the earliest colonial times. Now, the bureaucrats and
bean counters in their offices say it costs too much to manufacture -
more to fabricate, in fact, that its face value. And so, the
penny
must go. But not before one final flourish. The Royal Canadian Mint
celebrates the much-loved penny's exit from the financial stage with a
spate of releases at once exotic, bizarre and intriguing. To wit:
"Maple
Leaves Fallen To A Watery Grave" 1/4 Ounce Pure Silver $20
Rose-Gold
Plated 1/2 Ounce Pure Silver 1¢ Penny Proof
1/25
Ounce Pure Gold 1¢ Penny Proof
Complete
5-Coin Collection - Remembrance of Designs Past Pure Silver 1¢ Penny
Proof Set
Five
Ounce Pure Silver Penny Reverse Proof
And so we bid a fond farewell to the
penny
with what (we believe) future numismatists will view as numismatic
delicacies of the first rank! Each bears the
maple
leaves
that are the hallmark of the penny (as well as the national symbol of
Canada), marking the final time they will ever grace one cent
coins.
But oh, what coins these are!
The year 2012 marks the end of production of Canada’s 1-cent
piece. To celebrate the penny’s long history, the Royal Canadian
Mint is offering a series of commemorative pennies, each struck in pure
silver with a proof finish. Together, these trace the history of the
denomination.
1902-1910
Though the reverse and obverse design of this penny predates the Royal
Mint’s presence in Canada, when the first coin was struck on
Canadian soil in 1908, it was a penny just like this one. The reverse
features the maple wreath design that had been present on Canadian
1-cent coins since the Victorian era, framing a central field featuring
the words “ONE CENT” and the year of production. The
obverse features the effigy of King Edward VII.
1911-1920
In 1911, George V became king and the obverse of the Canadian 1-Cent
coin changed to feature the effigy of the new monarch. At the same
time, a new reverse design featuring the word “CANADA” was
introduced.
1920-1936
In 1920, the Royal Mint not only made the penny smaller but also
introduced a new reverse design featuring two maple leaves and the
words “ONE CENT” and “CANADA.” The obverse
continued to feature the effigy of King George V, though complications
in 1936 caused by the abdication of King George V ’s successor,
Edward VIII, led the Mint to modify the 1936 dies in order to produce
never-circulated George V “dot cents” in the event of a
delay in production of 1937 coinage.
1967
To celebrate Canada’s centennial, Canadian artist Alex Colville
created a special commemorative reverse design for the penny featuring
a rock dove in flight.
1937-1982 and
1982-2012
The design featuring
two
maple leaves on
a sprig was created by Canadian artist G.E. Kruger-Gray and first
used in 1937. Originally composed of copper, 2012's
one cent circulation coin is made of copper-plated steel. In 1982, the
shape of the penny was modified from perfectly circular to a 12-sided
design to assist the visually impaired. This shape was maintained until
1997, when the penny became round again until its final striking in
2012.
The Penny - A Brief History
The maple leaf gracing the one cent coin is emblematic of everything
Canadian. The design featuring
two
maple leaves
on a sprig was created by Canadian artist G.E. Kruger-Gray and first
used in 1937. The maple tree has been a major contributor to the
development of the forestry industry as well as a source of delicious
syrup! In addition the maple leaf is the central feature of the
national flag of Canada. The first one cent coin was struck by the
Countess of Grey at the official opening of the Ottawa branch of the
Royal Mint on January 2, 1908. Originally composed of copper, 2012's
one cent circulation coin is made of copper-plated steel.
The Death of the Penny
Today’s rising costs of
labor, metals, manufacturing, and
distribution mean that each
penny
costs more than 1.6 cents to produce.
The Royal Canadian Mint’s patented and cost-effective multi-ply plated
steel technology allows it to keep production costs for all other
Canadian circulation coins well under their face value; not so,
however, for the one-cent piece.
In its Economic Action Plan
2012, the Government of Canada announced its decision to modernize
Canada’s currency set by eliminating the penny from Canada’s coinage
system. While the penny will remain legal tender (it is not being
demonetized, merely discontinued), the Royal Canadian
Mint will no longer distribute pennies as of Fall 2012. Canadians can
still spend pennies, redeem them at financial institutions, donate them
to charities, or recycle them.
Though the humble penny will one
day soon disappear from piggy banks and cash registers everywhere, its
unique role in the history of
Canadian coinage remains timeless. And the
penny
itself, though perhaps
no longer present in our pockets, will always hold a special place in
our hearts.
Five different designs. See
"Individual Coin Specifications" table below for more information.
Each coin is encapsulated
inside a luxurious, solid wood presentation case, lined with
black velvet and protected by a full color, custom box. An
individually-numbered certificate of authenticity is included.
Set Specifications
Complete
Certificate Text
Making Change: The Story of the Canadian Penny
On the stage of Canadian currency, the humble penny has often
been considered a bit player. It lacks the quarter’s size, the
dime’s diminutive prestige, the nickel’s shining patina.
Though ubiquitous, the penny has always been a breed apart.
But the life story of Canada’s 1-cent piece is anything but dull.
It is a story that not only traces the history of Canadian currency,
but in many ways walks arm-in-arm with the narrative of Canada’s
evolution from imperial outpost to dominion to independent nation.
Moving Forward, Looking Back
On January 2, 1908—the day that the Ottawa branch of the Royal
Mint was itself freshly minted—Countess Alice Grey, wife of
Canada’s ninth Governor-General, Albert Henry George Grey,
stepped forward and struck Canada’s first domestically produced
coin: a 1-cent piece. By 2012, more than 35 billion more would be
produced.
Today’s rising costs of labour, base metals, manufacturing, and
distribution mean that each penny costs more than 1.6 cents to produce.
The Royal Canadian Mint’s patented and cost-effective multi-ply
plated steel technology allows it to keep production costs for all
other Canadian circulation coins well under their face value; not so,
however, for the one-cent piece.
In its Economic Action Plan 2012, the Government of Canada announced
its decision to modernize Canada’s currency set by eliminating
the penny from Canada’s coinage system. While the penny will
remain legal tender, the Royal Canadian Mint will no longer distribute
pennies as of Fall 2012. Canadians can still spend pennies, redeem them
at financial institutions, donate them to charities, or recycle them.
Though the humble penny will one day disappear from our midst, its
unique role in the history of Canadian coinage remains timeless. And
the penny itself, though perhaps no longer present in our pockets, will
always hold a special place in our hearts.
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