The Canadian five-cent coin, normally 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 neighbor United States. It became the smallest-valued mint in the currentness upon the discontinuance of the penny in 2013. ascribable to inflation, the purchasing world power of the nickel continues to drop and presently the mint represents less than 0.5 % of the state ‘s lowest minimum hourly engage. The denomination ( i, the canadian five-cent man ) had been introduced in 1858 as a little, sparse sterling eloquent mint, that was colloquially known as a “ fish scale ”, not a nickel. The larger al-qaeda metallic element adaptation made of nickel, and called a “ nickel ”, was introduced as a canadian coin in 1922, in the first place as 99.9 % nickel alloy. These coins were charismatic, due to the high nickel content. Versions during World War II were minted in tombac ( a copper-zinc alloy ), then chrome and nickel-plated steel, and last returned again to nickel at the goal of the war. A plate steel translation was again made from 1951 to 1954 during the Korean War. Rising nickel prices finally caused another switch to cupronickel in 1982 ( an alloy alike to the US nickel ), but more recently, canadian nickels are minted in nickel-plated steel, containing a little come of copper. Due to the aforesaid upgrade in nickel prices, since 1982, five-cent pieces composed of 99.9 % nickel have been slowly removed from circulation to be melted by the Royal Canadian Mint. alone cupronickel and modern multi-ply plated steel five-cent pieces are considered “ circulation coins ”. [ 1 ] As a resultant role, pre-1982 five cent pieces are much sought by collectors.
Reading: Nickel (Canadian coin) – Wikipedia
From 1942 to 1963, canadian five-cent coins were produced in a classifiable 12-sided supreme headquarters allied powers europe, evocative of the british threepence coin. in the first place this was done to distinguish the copper-coloured tombac coins, from pennies. however, the characteristic shape was retained for another nineteen years after 1944 when this mint was former produced in 99.9 % nickel and chrome-plated steel. The coin is produced by the Royal canadian Mint at its adeptness in Winnipeg .
history [edit ]
The beginning always canadian five-cent coins were struck by the Royal Mint in London as partially of the basic 1858 neologism of the Province of Canada. The coins were the lapp size and general composition as the match american coins of the time, so the five-cent coin was based on the half dime. Although the american denomination was introduced as a larger copper-nickel coin in 1866, and the five-cent silver was retired in 1873, the canadian five-cent coins remained small and silver medal until 1922. All canadian coins ( including five-cent coins ) were struck in England at the Royal Mint ( no mint commemorate ) and the Birmingham Mint ( H mint grade ) until 1908, when the Ottawa outgrowth of the Royal Mint opened. With the exception of some 1968 dimes struck at the Philadelphia Mint, all canadian coins since 1908 have been minted in Canada. due to a lift in the price of silver, canadian neologism was debased from greatest silver ( 925 ticket ) to 800 all right in 1920. In 1922, silver was removed entirely from the five-cent mint, replacing it with a coin of roughly the lapp dimensions and mass as the american nickel. however, unlike the american coin, which was 75 % bull and 25 % nickel, the Canadian coin was saturated nickel, as Canada was the worldly concern ‘s largest producer of the metallic. This coin has since been known about universally as the nickel. The five-cent mint of Newfoundland, on the other hired hand, remained ash grey until the end of the Newfoundland coinage in 1947. The nickel ‘s composition has changed several times, most notably during World War II and the Korean War when nickel was redirected to the war campaign, where it was essential for armor production. In the latter function of 1942 and throughout 1943, the coins were minted in tombac, an 88 % copper-12 % zinc admixture that got its name in the first place from the Indonesian/Javanese news for boldness or copper. In 1944 and 1945, and again from mid-1951 to 1954, coins were made of steel which was plated doubly, first with nickel and then chromium. The plating was applied before the blanks were struck, so the edges of these coins are dull or evening rusted. The constitution was returned to pure nickel after both wars. More recently, in 1982, the lapp copper-nickel alloy used in the american mint was adopted in the Canadian mint, with the dry result that the nickel then contained less nickel than any early mobilize canadian coin except the cent. Since former in 2000, the nickel is nowadays broadly made with plat steel. Since the plate is now done after the blanks are punched, the edges of the advanced coins receive the plat. Portions of the 2001 and 2006 issues were struck in cupronickel, and can be identified by the lack of the letter “ P ” under Queen Elizabeth ‘s portrait, and for their non-magnetic quality.
Starting with the 1942 tombac coins, the nickel was made dodecagonal, presumably to help distinguish it from the penny after it tarnished in circulation. Tombac was removed from the nickel in 1944 ( to be replaced by sword, as noted during the Korean war ) but the coins in Tombac, steel, or 99.9 % nickel all remained twelve-sided until 1963. All of these coins were lighter than the US adaptation, which is minted to be equally conclusion as possible to five grams. canadian 99.9 % nickel five-cent coins are closely 0.5 gram lighter than this, and its present steel coins are a wide gram lighter than US “ nickels. ”
1921 five-cent coin [edit ]
Five-cent coins date 1921 are among the rare and most collectible canadian circulation coins, known as “ The Prince of canadian Coins. ” Estimates of the number of specimens known rate between 400 and 480. In May 1921 the politics of Canada passed an act authorizing the change to the larger nickel coin, and subsequently the majority of the 1921 mint hunt was melted down. [ 2 ] The coin believed to be the finest known specimen ( PCGS MS-67 ) sold for US $ 115,000 at auction in January 2010. [ 3 ] It was then sold by the Canadian Numismatic Company for $ 160,000 to a private collector in early 2012 .
Types and specifications [edit ]
|1858–1901||1.16 g||15.5 mm||92.5% silver, 7.5% copper|
|1902–1910||1.16 g||15.5 mm||92.5% silver, 7.5% copper|
|1911–1921||1.17 g||15.5 mm||92.5% silver, 7.5% copper (1911–1919)
80% silver, 20% copper (1920–1921)
|1922–1936||4.54 g||21.21 mm||99.9% nickel|
|1937–1942||4.54 g||21.21 mm||99.9% nickel|
|1942–1945||4.54 g||21.3 mm||88% copper, 12% zinc (“tombac”) (1942–1943)
Chrome plated steel (1944–1945)
|1946–1952||4.54 g||21.3 mm||99.9% nickel (1946–1951)
Chrome plated steel (1951–1952)
|1953–1964||4.54 g||21.3 mm||Chrome plated steel (1953–1954)
99.9% nickel (1955–1964)
|1965–1981||4.54 g||21.3 mm||99.9% nickel|
|1982–1989||4.6 g||21.2 mm||75% copper, 25% nickel|
|4.6 g||21.2 mm||75% copper, 25% nickel|
|3.95 g||21.2 mm||94.5% steel, 3.5% copper, 2% nickel plating|
(With RCM logo
|3.95 g||21.2 mm||94.5% steel, 3.5% copper, 2% nickel plating|
commemorative nickels [edit ]
Although not strictly a commemorative, the “ Victory nickel ”, struck from 1943 to 1945, was the first non-standard circulate canadian mint other than commemorative dollars ; the reverse features a fire flashlight and a bombastic V that stands for both Victory and the coin ‘s denomination. The rim denticles were replaced by the phrase “ We win when we work willingly ” in Morse Code. This design was re-used in 2005 to commemorate the sixtieth anniversary of V-E Day. [ 5 ] Almost uniquely in the history of canadian neologism, the inverse was engraved to scale by Thomas Shingles ; most coin designs are engraved at a a lot larger scale and reduced with a pantograph. In 1951, a extra commemorative five-cent assemble depicting a nickel refinery was struck to celebrate the two-hundredth anniversary of the metal ‘s initial discovery by swedish pharmacist Axel F. Cronstedt. Due to the attack of the Korean War, output of this commemorative was halted to preserve nickel for the war attempt, resulting in a second non-commemorative 1951 “ nickel ” made of plate sword. In 1967, all the circulate coins received a special revoke for the Canadian Centennial ; the nickel featured a rabbit.
In validation sets issued since 1996, the five cent coin is made of sterling silver. Some commemorative five penny coins are besides made of greatest silver .
|1943||Victory (Tombac)||Thomas Shingles||Intended to stimulate the war effort. The message “We Win When We Work Willingly” is engraved in Morse code on the rim of the coin.|
|1944–1945||Victory (Steel)||Thomas Shingles||Intended to stimulate the war effort. The message “We Win When We Work Willingly” is engraved in Morse code on the rim of the coin.|
|1951||Discovery of Nickel||Stephen Trenka||200th anniversary of the discovery of nickel. Features a nickel refinery.|
|1967||Canadian Centennial||Alex Colville||Features a hopping rabbit. Dated 1867–1967.|
|2005||Victory anniversary||Thomas Shingles||60th anniversary of the end of World War II. The rim of this edition is smooth. It does not have the denticles the 1943–1945 edition had. Dated 1945–2005.|
|2017||Canada 150||Gerald Gloade||150th anniversary of the Confederation of Canada. Features a beaver influenced by the northeastern woodland Algonkian heritage. The theme of the coin is “Our Passions”. Dated 1867–2017.|