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Numismatic Commentary www.canadiancoinnews.ca An essential resource for the CANADIAN advanced and beginning collector Like us on Facebook at www.facebook.com/canadiancoinnews COIN NEWS Follow us on Twitter @trajanpublisher Volume 52 • Number 24 March 10 - March 23, 2015 $3.50 The 50-cent piece: Canada’s great numismatic enigma By Bret Evans day, but it continued to be When it comes to Canadian struck in Ottawa as needed. circulating coins, the 50-cent That was, until the 1920s. In piece, or “half,” is easily the the words of Striking Impres- most enigmatic: a circulating sions, an official history of the This 1915 ICCS Mint State-67 Large Cent sold at the coin that almost never circu- Royal Canadian Mint, “the de- Landon sale for $9,750, plus buyer’s premium, well above lates, showing up rarely, even mand for coinage was very Sandra Hanington the $3,750 estimate. among banks. slim from 1922 to 1927.” Few Canadians have even Production of all coins was seen a 50-cent coin, yet one of low; in 1925 a mere 1.2 million the most famous rarities, the coins were struck in Ottawa. Mint has Canadian cents, U.S. 1921 half, is considered the Most were struck not because “King of Canadian Coins.” there was a demand but so new Master coins soar at Landon sale The coin certainly has a long that tour groups could see the The Royal Canadian Mint By Jesse Robitaille ums and taxes) below its orig- history. Mint presses in action. Unused coins were stacking up in the has a new Master of the Mint here were many highs at inal estimate of $12,000. The first Canadian 50-cent vaults. It was common for tour and board chair. the G.F. Landon sale – the However, prices didn’t stay pieces were struck in 1870, just T visitors to purchase a coin as a Sandra Hanington, former first of four days of the Cana- low for long. The Canadian to- a few years after Confedera- souvenir, although few opted executive vice-president of dian Legacy Sale II, featuring kens did reasonably well, espe- tion. At that time, it was the for the 50-cent piece, prefer- BMO Financial Group, will be more than 3,200 lots and $6 cially the bulk lots that ex- highest-denominated coin, a ring lower value coins. taking over as the new presi- million worth of coins, to- ceeded estimates by two or position it retained for some Finally, in 1927, an upsurge dent and CEO. Marc Brûlé had kens, medals and banknotes. three times. However, as auc- 65 years until the circulating in economic activity pushed been serving the role on an in- With the small Osgoode tioneers reached the red-hot silver dollar was introduced. up the demand for silver terim basis since 2014, after for- Room of Toronto’s Hilton Ho- U.S. coins, prices began soaring The status of the coin was coins. mer mint master Ian Bennett tel filled to capacity, Session at high altitudes. such that when the Ottawa retired. One began with 12 lots of Do- The Liberty Seated 1872 10- branch of the Royal Mint Continued on page 27 The announcement was minion of Canada banknotes, cent piece, with a PCGS graded opened on Jan. 2, 1908, the first made Feb. 11 by Finance Minis- eight of which sold to the Mint State-67+, realized $15,125 coin struck by Governor Gen- ter Joe Oliver. same bidder. These lots in- including premiums. Described eral Earl Grey was a 50-cent “I congratulate Sandra Han- cluded an 1897 DC-12 – one as beautiful, multi-hued and piece. ington on her appointment as of only 11 ever made – that having medium-heavy toning, Even then, the coin was Master of the Royal Canadian sold for $3,000 (before premi- lot No. 373 had an original esti- not as popular as the 25- Mint. Her background in the mate of $4,000. This was com- cent piece, the workhorse Publications Registration Mail No. 09137 Publications Registration Mail No. 40069699 No. Agreement financial industry and her ex- mon throughout the auctioning of Canadian coins to this tensive knowledge across a of the U.S. pieces, which often 1911 50-cent piece: broad range of areas, from hu- sold for at least double their esti- Only about 75 man resources and corporate mates. examples of the ‘King governance to operational Charles “Chuck” Moore, co- of Canadian Coins’ are strategy and marketing, make organizer of the Legacy Sale and known, and only three of her an ideal fit for this impor- president of Moore Numismatic them in Mint State. tant role,” said Oliver. Auctions, said he expected the Continued on page 23 U.S. material would sell high and called the evening an over- whelming success. Moore, who said his favourite piece of the night was the Lib- erty Seated 1872 mentioned ear- lier, called the Landon collection “the most significant collection of U.S. material to ever surface Authorized Royal Canadian Mint Distributor in Canada.” Full line of RCM gold and silver collector coins in stock “Dealers and collectors often talk about fresh material – coins 1.888.236.2646 that haven’t been on the market 10355 Yonge Street Richmond Hill, Ontario www.cdncoin.com Continued on page 27 1 NEW VIP BONUS POINTS 1711 Corydon Ave., Tel: (204) 489-9112 There are auctions At Winnipeg, Manitoba, FAX: (204) 489-9118 ending today! Canada R3N 0J9 What are you waiting for? GATEWEST ORDERS WITHIN CANADA ORDERS WITHIN THE USA WCDA RCNA (Life) Visit our auction website at: COIN 1-800-565-2646 1-888-565-2646 M.C.C. ANA (Life) auction.gatewestcoin.com everyone is a VIP! 2 2015 ROYAL CANADIAN MINT PRODUCTS 4 ESSENTIAL SUPPLIES 6 MIXED WORLD COINS 16937 2015 Proof Silver $1 Coin ‘50th Anniversary of The Canada Flag’ .9999 Fine ................................................................$59.95 SOLD BY THE POUND CWS Gardmaster 2x2 Cardboard Coin 2x2 Cardboard Coin What are VIP BONUS POINTS? Shop online 16938 2015 BU Silver $1 Coin ‘50th Anniversary of The Canada Flag’ .9999 Fine ...................................................................$54.95 10973 1 LB .......................... $9.75 Albums For Holders (Per 100) Holders (Per 1,000) 10974 5 LBS ...................... $46.95 16939 2015 Proof Set of Coins (with Proof Colorized ‘50th Anniversary of The Canada Flag’ Silver $ , all coins in pure .9999 silver) ...... $229.95 at www.gatewestcoin.com (10751) Small 1¢/10¢ ..................$3.10 (12322) Small 1¢/10¢ ...................$28.00 10975 10 LBS .................... $91.95 16940 2015 Uncirculated P-L Mint Set of Coins ......................................................................................................................$24.95 Canadian Coins, (10752) 5¢ Nickel ........................$3.10 (12323) 5¢ Nickel .........................$28.00 10976 20 LBS .................. $176.95 and you will earn valuable 16941 2015 Specimen Set of Coins (with ‘Blue Jay’ $1 Coin) ..................................................................................................$49.95 Currency, and (10753) 25¢.................................$3.10 (12324) 25¢ .................................$28.00 10977 50 LBS .................. $415.95 (10754) 50¢/Loonie/$2 ................$3.10 (12325) 50¢/Loonie/$2 .................$28.00 10978 100 LBS ................ $779.95 VIP BONUS POINTS. 16942 2015 ‘Oh! Canada’ Gift Set of Coins............................................................................................................................$19.95 Mint Sets (10755) Silver Dollar.....................$3.10 (12326) Silver Dollar .....................$28.00 10979 200 LBS ............. $1,429.95 The item page for each product will show you 16943 2015 Baby Gift Set of Coins ........................................................................................................................................$19.95 (10756) 50x 20 Pocket Blue Edge 2x2 Coin Pages for 3-ring binder ........$42.50 16944 2015 Wedding Gift Set of Coins ...................................................................................................................................$19.95 Rigid Currency Holders 7 CANADIAN DECIMAL COINS how many VIP BONUS POINTS you will 16945 2015 Birthday Gift Set of Coins ...................................................................................................................................$19.95 (10760) 10x Small (Shinplaster) Currency Holders .................................................$3.00 receive by purchasing the item. 16946 2015 ‘Welcome to the World’ Proof $10 Silver Coin 1/2oz .9999 Fine ..........................................................................$59.95 (10761) 100x Small (Shinplaster) Currency Holders .............................................$25.00 NOW AVAILABLE ONLINE 16947 2015 Proof 50-Cent ‘Maple Leaf’ 1/25oz Gold Coin .9999 Fine ....................................................................................129.95 These albums are specially designed and labelled for Canadian coinage. 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