Canada 2012 Farewell To Penny One Cent 1/2 Ounce Silver Proof W/ Gold Plating
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Canada 2012 Farewell To Penny One Cent 1/2 Ounce Silver Proof W/ Gold Plating:
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
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.
The Royal Canadian Mint refines the purest silver in the world. This half ounce silver coin is 99.99% pure!
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.
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.
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