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Canada 2012 Farewell To Penny One Cent 1/2 Ounce Silver Proof W/ Gold Plating For Sale
THE
ONLY CROWN SIZED PURE SILVER PENNY IN CANADIAN
HISTORY! Canada eliminates the one cent coin from circulation as we offer
a fond farewell to this much-collected denomination!
In Stock and Ready for Immediate Shipment!
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 offer a fond farewell to thepenny
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 graceone cent
coins. But oh, what coins these are!
Investment Note - We
can not stress strongly enough what the milestone discontinuation of
the penny means! Canada has eliminated this denomination permanently -
after 2012, there will be no more one cent coins, ever! This is the only
crown sized silver penny in Canadian history (and probably, for that matter, world
history)! We believe that this landmark
coin will become a numismatic delicacy, greedily pursued by future
generations! The mintage limit is low, so stock up now!
Don't forget these other two great Canadian Rose-Gold Plated Silver
Proofs!
Mother
& Child Native American Silver Proof
Return of
the Tyee Native American Silver Proof
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 eachpenny
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 thepenny
itself, though perhaps
no longer present in our pockets, will always hold a special place in
our hearts.
This half ounce .9999 fine
silver proof with rose gold plating features an exactingly reproduced
vignette of
G.E. Kruger-Gray’s iconic 1937 design, which was used as the
Canadian 1-cent piece design from 1937 to 2012, with the sole exception
of 1967. The image features two upright five-lobed maple leaves, the
larger one on the right slightly overlapping the smaller leaf on the
left. Both are attached by their stems to a small twig.
The Farewell to the Penny 1/2 Ounce Pure Silver Proof is the first ever
crown-sized silver penny issued by the Royal Canadian Mint.
Purity Note
The Royal Canadian Mint refines the purest silver in the world. This
half ounce silver coin is 99.99% pure!
Obverse
The national symbol of Canada, the
maple leaf, is attractively
featured in 24 karat selective rose gold plating. The one cent design,
two maple leaves on a sprig, was first
used on the Canadian penny in 1937.The date of issue and
denomination also appear.
Reverse
Her Majesty, Queen
Elizabeth II of
England, in profile facing right. This portrait, the fourth effigy
of
the queen to appear on Canadian Coinage, was executed by the artist
Susanna Blunt. The legend reads ELIZABETH II D. G. REGINA ("Elizabeth
II, Queen by the Grace of God").
Packaging
The coin is encapsulated
inside a
burgundy leatherette, clamshell-style presentation case, lined with
black velvet and protected by a full color, custom box. An
individually-numbered certificate of authenticity is included.
Specifications
Country
Canada
Year
of Issue
2012
Face
Value
1 Cent
Weight
15.87 g
Diameter
34.00 mm
Mintage
Limit
30,000
Finish
Proof
Composition
.9999
Fine (Pure) Silver
Edge
Serrated
(milled, reeded)
Certificate
Individually
Numbered
Artist
G.E. Kruger-Gray
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.
Talisman World Coins and Medals has been in business for more than 20
years and is one of the largest world coin direct distributors and
wholesalers in the world. ANA Life Member.
