Canadian Silver Five Cent Coins
The Canadian Silver Five Cent coin was first introduced in 1858 as part of the introductory coinage of the Province of Canada. The nickel was based on the size and composition of the corresponding American coins of that era, which was the half dime. Until 1921, the Canadian five cent coins were small, thin sterling silver.
In 1922, the silver content was eliminated altogether from the nickel. The replacement coin was roughly the same size and mass as the American version. Unlike the American nickel, which was composed of seventy-five percent copper and twenty-five percent nickel, the Canadian silver five cent coin 's composition was one hundred percent pure nickel. The reason for this was because Canada held the distinction of being the largest producer of nickel in the world.
1921 Canadian Silver Five Cent Coins
The 1921 five cent coins are one of the most sought after and rare Canadian coins in circulation. The vast majority of that year's mint run was melted down because of the act passed by the Canadian government in May of 1921, which authorized the change to the larger size and composition.
Commemorative Canadian Silver Five Cent Coins
1943-1945: Victory nickel was issued featuring a flaming torch and giant "V" on reverse. The "V" represented both the coin's denomination and victory.
1951: 200th anniversary commemorative to celelbrate discovery of the nickel metal. Production was halted on nickel version because of Korean War. A plated-steel version of the nickel was issued.
1967: Canadian Centennial special reverse on all circulating nickels - rabbit design
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