Numismatists enjoy getting to know the history of any coins. This is why those interested in collecting Canadian coins are interested in getting the oldest coins possible as well as the rarest. As the history of the old Canadian coins is looked into, many are shocked to find out that there are not very many old coins which are available throughout the history of Canada. This has less to do with the period when the country was founded and has more to do with the amount of control the British had over the country itself.
When looking into old Canadian coins you are going to find that there are no coins which are created prior to 1902. This is because before that time the coins which were created for Canada started in 1858 by the British. Even before that, the coins which were used throughout Canada were coins which were developed in other countries and were used as legal tender by those who lived in Canada. Looking at the history of the Royal Canadian mint, it is easy to see why the collecting of Canadian coins is still relatively new.
The Early Years of Canadian Currency
In the early years of Canada, the currency used was nothing more than the currency of all the countries which had influence or trade in the country. There are no old Canadian coins from this time period because they were not even being produced. It was not even until 1841 that the Currency Act was passed which made it legal to use certain kinds of tender including American coins and British Coins. It was not until the late 1800s that the Country even got its own currency.
The First Canadian Currency
In July of 1858 two different designs were presented to the crown to have a coin printed. The first design was rejected because it looked too much like the French Bronze coins which included the Emperor Napoleon III. The second design was submitted by Leonard Charles Wyon and included the image of the queen with her hair in a bun with a tiara and a ribbon. This became one of the first old Canadian coins to be used by the country and a highly valued coin for its rarity. Still this coin was produced in England rather than in Canada.
The First Canadian Mint
It was not until 1901 that Canada was allowed to have its own mint. Thus, it was not until 1902 when the first coins were produced. All of the coins which have been produced since then have included the images of British Royalty or of the wildlife and natural aspects of Canada. These old Canadian Coins have a decent amount of value because they are rare. Among the rarest is the 1911 Canadian Silver Dollar which was last sold at auction for about $1 million and only one copy is known to exist.
Photo Credits: ElitePete
Originally posted 2010-08-24 09:35:34. Republished by Blog Post Promoter
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