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What Is A Canadian Coin
What is a Canadian Coin?
The Royal Canadian Mint manufactures the present – day Canadian coin. These coins are denominated in dollars ($) and in cents (˘). Canadian coins, unlike US coins, have medallic orientation, similar to British and Euro coins.
The currently circulating Canadian coin are of 7 denominations, and include the 1˘ coin, the 5˘ coin, the 10˘, 25˘, 50˘, $1 and $2 coins. The 50˘ coin is rare although it is currently produced in the Mint and is in circulation. The 1˘ coin is informally referred to as a penny, just as the 5˘ is called a nickel, the 10˘ a dime, the 25˘ a quarter, the 50˘ a half-dollar, and the $1 and $2 coins are referred to as loonies and toonies respectively.
All these coins, with the exception of the $2 coin, are in correspondence with the coins of the US; their sizes are also similar, all excepting the coins above the 50˘. Most Canadian coin are less dense than their US counterparts, and have undergone some later changes in size. The circulation of Canadian coin in the US and vice versa has been a common occurrence. However, recent modifications in appearance and material of Canadian coin have made merchants in the US less likely to accept them.
The replacement of $1 and $2 bills by coins has been a recent and significant change in Canadian currency. The $1 coins were first introduced in 1987 and are referred to as ‘loons’ because of the common loon forged on its reverse; this coin is made of nickel that is plated with bronze, which contains traces of gold. The $2 coin was introduced later in 1996 bearing a polar bear, and is made up of two separate metals.
These $1 and $2 coins were swiftly accepted and put into use by the public due to the forcible removal of $1 and $2 bills from circulation beforehand by the government. The Royal Canadian Mint issues Canadian coin that are produced by their facilities in Winnipeg. All the wording on special Canadian coin appears in both French and English, the two languages of Canada. Standard coins have wording that is identical in both languages on their reverse sides. The Canadian Monarch and their name appear on the other side of the coin, along with the Latin abbreviated “D.G.” which stands for “Die Gratia”. Therefore, a coin bearing the phrase “Elizabeth II D.G. Regina” would translate to “Elizabeth II, by the grace of God, Queen”. Various monarchs have appeared on Canadian coin through the ages, including Queen Victoria, King Edward VII, King George V and King George VI.
As in any other country, special coins are minted to mark special occasions in Canada as well. For example, the “Victory Nickel” was issued by the Mint from 1943 to 1945 to commemorate the Canadian War Effort. When the Canadian Centennial arrived, all Canadian coin had special reverses to celebrate the event. When the Royal Canadian Mounted Police celebrated their Centennial in 1973, “Mountie Quarters” were issued to honor them.
The Royal Canadian Mint manufactures the present – day Canadian coin. These coins are denominated in dollars ($) and in cents (˘). Canadian coins, unlike US coins, have medallic orientation, similar to British and Euro coins.
The currently circulating Canadian coin are of 7 denominations, and include the 1˘ coin, the 5˘ coin, the 10˘, 25˘, 50˘, $1 and $2 coins. The 50˘ coin is rare although it is currently produced in the Mint and is in circulation. The 1˘ coin is informally referred to as a penny, just as the 5˘ is called a nickel, the 10˘ a dime, the 25˘ a quarter, the 50˘ a half-dollar, and the $1 and $2 coins are referred to as loonies and toonies respectively.
All these coins, with the exception of the $2 coin, are in correspondence with the coins of the US; their sizes are also similar, all excepting the coins above the 50˘. Most Canadian coin are less dense than their US counterparts, and have undergone some later changes in size. The circulation of Canadian coin in the US and vice versa has been a common occurrence. However, recent modifications in appearance and material of Canadian coin have made merchants in the US less likely to accept them.
The replacement of $1 and $2 bills by coins has been a recent and significant change in Canadian currency. The $1 coins were first introduced in 1987 and are referred to as ‘loons’ because of the common loon forged on its reverse; this coin is made of nickel that is plated with bronze, which contains traces of gold. The $2 coin was introduced later in 1996 bearing a polar bear, and is made up of two separate metals.
These $1 and $2 coins were swiftly accepted and put into use by the public due to the forcible removal of $1 and $2 bills from circulation beforehand by the government. The Royal Canadian Mint issues Canadian coin that are produced by their facilities in Winnipeg. All the wording on special Canadian coin appears in both French and English, the two languages of Canada. Standard coins have wording that is identical in both languages on their reverse sides. The Canadian Monarch and their name appear on the other side of the coin, along with the Latin abbreviated “D.G.” which stands for “Die Gratia”. Therefore, a coin bearing the phrase “Elizabeth II D.G. Regina” would translate to “Elizabeth II, by the grace of God, Queen”. Various monarchs have appeared on Canadian coin through the ages, including Queen Victoria, King Edward VII, King George V and King George VI.
As in any other country, special coins are minted to mark special occasions in Canada as well. For example, the “Victory Nickel” was issued by the Mint from 1943 to 1945 to commemorate the Canadian War Effort. When the Canadian Centennial arrived, all Canadian coin had special reverses to celebrate the event. When the Royal Canadian Mounted Police celebrated their Centennial in 1973, “Mountie Quarters” were issued to honor them.
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