Royal Canadian Mint numismatic coins (2000s)

One of the most highly profitable aspects of the Royal Canadian Mint’s enterprise is in its Numismatic product line. [Royal Canadian Mint 2006 Annual Report, page 4] The euphoria surrounding the year 2000 led to the birth of the Millennium 25-cent coin program. The numismatic line included proof quality coins sold individually or as a complete set. This level of excess would come to signify the coming decade. The number of numismatic releases would increase on an annual basis starting in 2003. Numismatic three cents, five cents, and ten cents would be introduced, along with numismatic three dollars and eight dollars. Luxury coins would not be immune to the dramatic increases that ensued. Coins with face values of 250, 300 and 350 dollars would be introduced by 2006.

A new trend for the RCM would emerge with the design of the numismatic three cent coin. The three cent coin was packaged in a coin and stamp set as part of a joint venture with Canada Post. This partnership would lead to another ten coin and stamp sets in the decade. An additional trend that emerged was the RCM's commitment to military and Olympic coins as well.

From Vimy Ridge to D-Day to a new release of the Victory Nickel with a commemorative booklet, the 5-cent piece became very monumental in acknowledging the contributions of Canada's military in the 20th Century. With the advent of the Lucky Loonie, the good luck charm that brought Olympic gold to Canada's hockey teams in 2002, the RCM paid tribute to that accomplishment with its Going for the Gold set in 2002 featuring a double-dated Loon coin packaged with MacLean's magazine and Olympic stamps. This would be followed by the Sterling Silver Lucky Loonie coins in 2004 and 2006.

The decade would also be marked by very dramatic price increases. Items that could be classified as “staples” in the numismatic offering, such as the Silver Dollar (Proof and Brilliant Uncirculated), the Hundred Dollar Gold, and the Two Hundred Gold, had not experienced significant price increases for several years.

The Silver Dollar from 2000 was priced at $29.95 (Proof) and $19.95 (BU) but in 2006, these two items were now priced at $39.95 and $31.95. At the beginning of the 1990’s, the silver dollar was priced at $22.95 for the proof version, and $16.75 for the brilliant version.

More dramatic was the pricing of the One Hundred and Two Hundred Dollar gold. The beginning of the millennium saw the One Hundred Dollar Gold at $259.95 but its price increased to $359.95 by 2006. In 1990, the price of such a coin would have been $245.00. Due to the increase in the value of gold, the two hundred dollar gold experienced an even larger spike in the pricing. Starting in 2000 at $414.95, the price would rise to $564.95. In 1990, the price was only $395.00.

During the decade, there were various technological achievements. The first RCM gold coin to be directly laser etched was the $100 Gold Leduc Oil Fields coin from 2002. [The CN Journal, The Official Publication of the Canadian Numismatic Association, Markham, Ontario, Vol. 53, No. 1, January-February 2008, p.17] The technique would be later used for the 2003 $100 Gold Marquis Wheat coin and the 2004 $20 Iceberg coin.

The Northern Lights $20 Silver Coin was the first RCM hologram coin to feature a hologram without a raised border and, therefore, no delineation. [The CN Journal, The Official Publication of the Canadian Numismatic Association, Markham, Ontario, Vol. 53, No. 1, January-February 2008, p.18] The hologram merges with the engraved relief of the mountains. In 2006, the $30 Canadarm coin was the first Canadian coin to be completely sculpted using computer software. [The CN Journal, The Official Publication of the Canadian Numismatic Association, Markham, Ontario, Vol. 53, No. 1, January-February 2008, p.19] Technically, it was a complex design to render, due to the depiction of the closed glass visor and the complicated features of the Canadarm.

*"Please see Royal Canadian Mint numismatic coins (20th century) for any numismatic coins made before 2000"
*"Please see Canadian Silver Maple Leaf for any Coloured or Hologram Maple Leaf coins"
*"Please see Royal Canadian Mint Olympic Coins for coin specifications"

Chinese Lunar New Year Coin Series

Numismatic One, Three and Five Cents

One Cent

Numismatic Ten Cents

2005-present

NHL coins

Canadian Sports Series

*Started in 1998

Canadian Floral Collection 2002-present

Butterfly Collection 2004-2006

"NOTE:" All legends sets consisted of four coins with images provided courtesy of the Hockey Hall of Fame

Source: [Charlton Standard Catalogue of Canadian Coins, 60th Edition]

Other

pecimen Set Variant Dollars

Numismatic Four, Five and Eight Dollars

Four Dollars

Ten Dollars

Twenty Dollars

Land, Sea and Rail Transportation Series 2000-2003

National Parks 2005-2006

International Polar Year

The Royal Canadian Mint's $20 silver coin, launched on July 18, 2007 has evoked one of the darkest moments in the history of polar exploration and rankled Canada's main Inuit organization. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ] The coin was struck to mark the 125th anniversary of the International Polar Year scientific studies and features a "world first" metallic-blue finish meant to mimic the Arctic's icy hues. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ] On one side of the coin is the customary portrait of Queen Elizabeth; on the other, 16th-century British explorer Martin Frobisher and a compass rose from his era, along with images of the ship he sailed in search of the fabled Northwest Passage and an Inuit man paddling his kayak in ice-choked waters. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ]

A mint spokesman said the kayaker is simply meant to represent the indigenous people of the North and their role in Arctic exploration. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ] However, the combination of elements recalls an infamous episode from Frobisher's 1576 voyage to Baffin Island and the tragic fate of an unnamed Inuit paddler who was lured aboard the explorer's ship, Gabriel, and kidnapped for transport back to England as proof of the expedition's success in reaching the New World. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ] The Inuit captive, one of the first native North Americans known to have reached Europe, was put on circus-style display in England and became the subject of portraits, including one intended for Frobisher's sponsor, Queen Elizabeth I, before dying --probably of pneumonia or exposure to European disease -- only weeks after arriving. [ [http://www.canada.com/theprovince/news/story.html?id=36ebea70-190d-4d32-8a19-484a1b02a60e $20 worth of painful history ] ]

Other

National War Memorials

100 Dollar Gold

Canadian Art and Artists

300 Dollars

300 Dollar Gold

Provincial Coat of Arms

Five Hundred Dollars

*NOTE: The 2007 coin is the Royal Canadian Mint’s first five ounce gold coin and their first Five Hundred Dollar denomination.

Collector Cards

The first Collector Card that was issued was to commemorate the creation of a new effigy for her majesty Queen Elizabeth II in 2003 and a redemption was offered in "Chatelaine" magazine. In 2004, to commemorate the Acadie 25-cent coin. One card was included with every phone order after the launch of the commemorative coin. With the release of the Lucky Loonie, a third Collector Card was created. To procure a card, customers had to go on the RCM website and place a request online. A total of 13 cards were created with many selling on eBay.

2003
* Queen’s Effigy

2004
* Acadie
* Lucky Loonie
* Poppy

2005
* Alberta Centennial
* Saskatchewan Centennial
* Terry Fox
* Victory Nickel
* Year of the Veteran

2006
* 10th Anniversary Toonie
* Lucky Loonie
* Medal of Bravery
* Pink Ribbon Cancer Coin

2007
* Vancouver Olympics

Definition of finishes

* Bullion: Brilliant relief against a parallel lined background.
* Proof: Frosted relief against a mirror background
* Specimen: Brilliant relief on a satin background.

Mint marks

*A – Used on 2005 Palladium Test Coin to signify the coins were struck from Lot A.

*B – Used on 2005 Palladium Test Coin to signify the coins were struck from Lot B.

*C - Placed on sovereigns produced at the Ottawa branch of the Royal Mint, between 1908 and 1919.

*Dot – In December 1936, King Edward VIII abdicated the throne in favour of his brother, who would become King George VI. The problem was that the Royal Mint was designing the effigy of King Edward VIII and now a new effigy would need to be created. The 1, 10 and 25 cent pieces 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. While the 10 and 25 cent coins are more common, the 1 cent coins are rare, with about a half-dozen known to exist.

*H – Used to identify coins that were struck for Canada by the Birmingham Mint, also known as the Heaton Mint, until 1907.

*Innukshuk - All circulation coins for the 2010 Vancouver Olympics have the Innukshuk Mint Mark on the Obverse of the coin.

*International Polar Year - The obverse of the 2007 International Polar Year $20 Numismatic Coin has the logo for the International Polar Year on the obverse of the coin.

*Maple Leaf – All coins with a Maple Leaf Mint Mark were struck in 1948 due to an emergency with coin toolage. The granting of India’s independence resulted in the removal of IND:IMP (meaning Emperor of India) from King George VI’s effigy. Due to the demand for circulation coins in 1948, coins for 1948 could not be struck until the new tools were received. The new tools would have the IND:IMP removed from them. In the meanwhile, coins were produced in 1948 with a year of 1947 on them. A small Maple Leaf Mint Mark was struck beside 1947 on the reverse of all coins to signify the year of production.

*P – From 2001-2006, most one cent, five cents, ten cents, twenty-five cents, and fifty cents issued for circulation were struck with a P Mint Mark to represent the Royal Canadian Mint’s plating process.

*Paralympic Logo - All circulation coins for the 2010 Vancouver Paralympic Games have the Paralympic Games logo on the Obverse of the coin.

*RCM Logo – At the CNA Convention in July 2006, the RCM unveiled its new Mint Mark to be used on all circulation and numismatic coinage. The agenda behind the implementation of this new Mint Mark was to help increase the RCM’s image as a brand. The aim of the logo is to educate coin users and coin collectors, respectively, that the RCM is minting Canada’s coins. The first Circulation Coin to have this new Mint Mark is the 10th Anniversary Two-Dollar coin. The first Numismatic Coin to have this new Mint Mark is the Snowbirds Coin and Stamp Set. [Coin World, Vol. 47, Issue 2417, Page 74, August 7, 2006]

*T/É - In an effort to push the standard of quality higher, the RCM started to experiment with a gold bullion coin that would have a purity of 99.999%. The result was a Gold Maple Leaf Test Bullion coin with the Mint Mark of T/É (to signify Test/Épreuve). The date on the obverse of the coin was 2007 and it had a mintage of 500.

*Teddy Bear - When the RCM released its Baby Lullabies and CD Set, a sterling silver one dollar coin was included in the set. The one dollar coin included a mint mark of a teddy bear.

*W - Used occasionally on specimen sets produced in Winnipeg, starting in 1998.

*W/P - Used on the Special Edition Uncirculated Set of 2003. The W mint mark stated that the coin was produced in Winnipeg and the P states that the coins are plated.

References

* Charlton Standard Catalogue of Canadian Coins, 60th Edition, 2006, W.K. Cross

External links

* [http://www.mint.ca Royal Canadian Mint's Official Website]
* [http://laws.justice.gc.ca/en/R-9/text.html Royal Canadian Mint Act]
* [http://www.canadian-numismatic.org/ Canadian Numismatic Association]
* [http://www.nunetcan.net Numismatic Network Canada]
* [http://www.canadiancoinnews.ca/ Canadian Coin News]