The Canadian fifty-cent coin (French: pièce de cinquante cents) is a Canadian coin worth 50 cents. The coin's reverse depicts the coat of arms of Canada. At the opening ceremonies for the Ottawa branch of the Royal Mint, held on January 2, 1908, Governor General Earl Grey struck the Dominion of Canada's first domestically produced coin. It was a silver fifty-cent coin bearing the effigy of King Edward VII.
Though it is regularly minted, it is not made in large quantities (approximate annual average production of 150,000), and since 2004 has only been available to the public directly from the mint.[1] It is very rare to encounter this denomination in everyday transactions, since there seems to be the mistaken belief among many Canadians that the coin itself is rare. Most times, when a 50-cent coin is exchanged in a transaction, it is saved by its recipient. People quite commonly, upon being presented with 50-cent coins, question the legality of the coin, because of the non-circulating status of the denomination. The coin occupies a similar status to that of the United States half-dollar coin. Vending machines do not generally accept it, even when they accept coins of both higher and lower value.
A largely unsuccessful attempt was made by the Royal Canadian Mint to promote the use of the coin when a special edition was released in 2002 marking the 50th anniversary of the accession of Elizabeth II to the throne. After this failed promotion, the mint stopped distributing 50-cent coins to banks and now sells them only in rolls or in coin sets available directly from their Numismatic Department at twice their face value, or $25 per roll of 25 coins.[2][3]
The mint's website lists the 2007 coat of arms 50-cent coin as "rarely seen yet replete with tradition".[4][5]
During the early to mid-1920s, demand for 50-cent coins was minimal. Only 28,000 coins were issued between 1921 and 1929. When greater demand for the denomination arose in 1929, the Master of the Ottawa Mint decided to melt the stock of 1920 and 1921 coins. It amounted to a total of 480,392 coins. The decision was due to the belief that the public would suspect counterfeits if a large number of coins dated 1920 and 1921 were placed into circulation. It is believed that 75 or so of the 1921 coins have survived, mainly from sets that were sold at the time.[8] Long known as the "king of Canadian coins", this coin brings a price commensurate with its rarity and reputation, with a high grade example (PCGS MS-66) having sold for US$227,546 (this price includes buyers premium but not the taxes) in a January 2010 Heritage Auction.[9] The highest graded specimen is graded by PCGS at MS-67 and sold (by Diverse Equities[10]) in the year 2000 to a private collector for the then sum of US$400,000. Today this coin would most likely bring US$1 million at an auction.
Condition rarity: Almost all examples are found in good to very good condition, which means in heavily circulated condition. Based on the ICCS report of 2012 only 1 has been graded in fine condition. A total of 0 have been graded in very fine and 0 in extra fine. There are also 6 known in AU condition. Only 3 mint state examples of the King of Canadian coins exist making it extremely elusive and desirable. On average a mint state example comes up for sale once every 10 years and draws a lot of attention from wealthy buyers.
Values in very good (VG-8) and gem mint state (MS-65): As of 2012 the value is estimated at US$45,000 in very good condition and is estimated at US$250,000 to US$350,000 in gem mint condition. These are average trends calculated by using prices sold in the past few years.
2000-P issue rarityedit
The 2000-P 50-cent coin is another Canadian numismatic rarity. Approximately 276 of the 2000-P 50-cent coins are known to have been minted. Each of these 276 coins was mounted in a clock as gifts to mint employees. This makes the 2000-P 50-cent coin one of the rarest Canadian half-dollars ever produced.
^"50 cents". Royal Canadian Mint. Retrieved November 25, 2022.
^Charlton Standard Catalogue of Canadian Coins, Volume One, 67th Edition, W.K. Cross, Editor, p. 194, ISBN0-88968-354-9, The Charlton Press, Toronto
^"Special Wrap Circulation Coin Roll - 50 Cent - Mintage: 10,000 (2012)". Royal Canadian Mint. Retrieved November 25, 2022.
^. Archived from the original on December 16, 2007. Retrieved November 20, 2007.
^. Archived from the original on June 22, 2007. Retrieved November 20, 2007.
^"From sea to sea – the 50-cent coin". Royal Canadian Mint. Retrieved January 14, 2012.
^Charlton Standard Catalogue of Canadian Coins, 60th Anniversary Edition, W.K. Cross, Editor, pp. 139–153, ISBN0-88968-297-6, The Charlton Press, Toronto
^Charlton Standard Catalogue of Canadian Coins, 60th Anniversary Edition, W.K. Cross, Editor, p. 143, ISBN0-88968-297-6, The Charlton Press, Toronto
^Michael, Thomas (ed.). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. p. 322. ISBN978-1440246548.
^Michael, Thomas (ed.). 2017 Standard Catalog of World Coins 2001-Date (11th ed.). Krause Publications. p. 248. ISBN978-1440246555.
February 16, 2024
canadian, fifty, cent, coin, cent, piece, redirects, here, united, states, half, dollar, half, dollar, united, states, coin, french, pièce, cinquante, cents, canadian, coin, worth, cents, coin, reverse, depicts, coat, arms, canada, opening, ceremonies, ottawa,. 50 Cent Piece redirects here For the United States half dollar see Half dollar United States coin The Canadian fifty cent coin French piece de cinquante cents is a Canadian coin worth 50 cents The coin s reverse depicts the coat of arms of Canada At the opening ceremonies for the Ottawa branch of the Royal Mint held on January 2 1908 Governor General Earl Grey struck the Dominion of Canada s first domestically produced coin It was a silver fifty cent coin bearing the effigy of King Edward VII 50 cent coinCanadaValue0 50 Canadian dollarMass6 9 gDiameter27 13 mmThickness1 95 mmEdgeMilledCompositionNickel plated steel93 15 steel 4 75 Cu 2 1 Ni platingYears of minting1870 presentCatalogue number ObverseDesignElizabeth II Queen of CanadaDesignerSusanna BluntDesign date2003Design discontinued2023DesignCharles III King of CanadaDesignerSteven RosatiDesign date2023ReverseDesignCanadian coat of armsDesignerThomas ShinglesDesign date1959 updated 19971871 Canadian 50 cent coinThough it is regularly minted it is not made in large quantities approximate annual average production of 150 000 and since 2004 has only been available to the public directly from the mint 1 It is very rare to encounter this denomination in everyday transactions since there seems to be the mistaken belief among many Canadians that the coin itself is rare Most times when a 50 cent coin is exchanged in a transaction it is saved by its recipient People quite commonly upon being presented with 50 cent coins question the legality of the coin because of the non circulating status of the denomination The coin occupies a similar status to that of the United States half dollar coin Vending machines do not generally accept it even when they accept coins of both higher and lower value A largely unsuccessful attempt was made by the Royal Canadian Mint to promote the use of the coin when a special edition was released in 2002 marking the 50th anniversary of the accession of Elizabeth II to the throne After this failed promotion the mint stopped distributing 50 cent coins to banks and now sells them only in rolls or in coin sets available directly from their Numismatic Department at twice their face value or 25 per roll of 25 coins 2 3 The mint s website lists the 2007 coat of arms 50 cent coin as rarely seen yet replete with tradition 4 5 Contents 1 History of composition 2 1921 issue rarity 3 2000 P issue rarity 4 Commemorative editions 5 First strikes 6 ReferencesHistory of composition editYears Weight Diameter Thickness Composition 6 7 1870 1919 11 62 g 29 72 mm n a 92 5 silver 7 5 copper1920 1967 11 66 g 29 72 mm n a 80 silver 20 copper1968 1999 8 10 g 27 13 mm 1 93 mm 99 9 nickel2000 present 6 90 g 27 13 mm 1 95 mm 93 15 steel 4 75 copper 2 1 nickel plating1921 issue rarity edit nbsp nbsp A 1917 50 cent piece featuring King George V nbsp nbsp A 1946 50 cent coin featuring King George VI During the early to mid 1920s demand for 50 cent coins was minimal Only 28 000 coins were issued between 1921 and 1929 When greater demand for the denomination arose in 1929 the Master of the Ottawa Mint decided to melt the stock of 1920 and 1921 coins It amounted to a total of 480 392 coins The decision was due to the belief that the public would suspect counterfeits if a large number of coins dated 1920 and 1921 were placed into circulation It is believed that 75 or so of the 1921 coins have survived mainly from sets that were sold at the time 8 Long known as the king of Canadian coins this coin brings a price commensurate with its rarity and reputation with a high grade example PCGS MS 66 having sold for US 227 546 this price includes buyers premium but not the taxes in a January 2010 Heritage Auction 9 The highest graded specimen is graded by PCGS at MS 67 and sold by Diverse Equities 10 in the year 2000 to a private collector for the then sum of US 400 000 Today this coin would most likely bring US 1 million at an auction Condition rarity Almost all examples are found in good to very good condition which means in heavily circulated condition Based on the ICCS report of 2012 only 1 has been graded in fine condition A total of 0 have been graded in very fine and 0 in extra fine There are also 6 known in AU condition Only 3 mint state examples of the King of Canadian coins exist making it extremely elusive and desirable On average a mint state example comes up for sale once every 10 years and draws a lot of attention from wealthy buyers Values in very good VG 8 and gem mint state MS 65 As of 2012 the value is estimated at US 45 000 in very good condition and is estimated at US 250 000 to US 350 000 in gem mint condition These are average trends calculated by using prices sold in the past few years 2000 P issue rarity editThe 2000 P 50 cent coin is another Canadian numismatic rarity Approximately 276 of the 2000 P 50 cent coins are known to have been minted Each of these 276 coins was mounted in a clock as gifts to mint employees This makes the 2000 P 50 cent coin one of the rarest Canadian half dollars ever produced Commemorative editions editImage Year Theme Artist Mintage Special notes nbsp 1967 Canadian Centennial Alex Colville 4 211 392 11 Features a howling wolf2002 Golden Jubilee of Elizabeth II Cathy Bursey Sabourin 14 440 000 12 50th anniversary of Queen Elizabeth II s accession to the throne Obverse shows her royal cypher EIIR instead of the usual Elizabeth II 2017 Canada 150 Ariana Cuvin 875 000 Features the Canada 150 logoFirst strikes editYear Theme Mintage Issue price2005 Coat of arms 2 298 14 952006 New mint mark 5 000 29 95References edit nbsp Canada portal nbsp Money portal nbsp Numismatics portal 50 cents Royal Canadian Mint Retrieved November 25 2022 Charlton Standard Catalogue of Canadian Coins Volume One 67th Edition W K Cross Editor p 194 ISBN 0 88968 354 9 The Charlton Press Toronto Special Wrap Circulation Coin Roll 50 Cent Mintage 10 000 2012 Royal Canadian Mint Retrieved November 25 2022 Royal Canadian Mint Archived from the original on December 16 2007 Retrieved November 20 2007 Royal Canadian Mint Archived from the original on June 22 2007 Retrieved November 20 2007 From sea to sea the 50 cent coin Royal Canadian Mint Retrieved January 14 2012 Charlton Standard Catalogue of Canadian Coins 60th Anniversary Edition W K Cross Editor pp 139 153 ISBN 0 88968 297 6 The Charlton Press Toronto Charlton Standard Catalogue of Canadian Coins 60th Anniversary Edition W K Cross Editor p 143 ISBN 0 88968 297 6 The Charlton Press Toronto coins ha com diverseequities com Michael Thomas ed 2017 Standard Catalog of World Coins 1901 2000 44th ed Krause Publications p 322 ISBN 978 1440246548 Michael Thomas ed 2017 Standard Catalog of World Coins 2001 Date 11th ed Krause Publications p 248 ISBN 978 1440246555 Retrieved from https en wikipedia org w index php title Canadian fifty cent coin amp oldid 1197283229, wikipedia, wiki, book, books, library,
