Canada 2012 Farewell to the Penny 1 Cent 5 Oz Pure Silver Proof MINTAGE 1,500

THE ONLY 5 OUNCE PENNY IN CANADIAN HISTORY! Low mintage, too - only 1,500! 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. 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: Mint Wrap Roll of 50 1¢ Pennies - With Serialized Holographic Label!

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 Proof. 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 grace one cent coins. But oh, what coins these are!

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 five ounce 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 5 Ounce Pure Silver Proofs!

Parliament 150th Anniversary 5 Ounce Silver Proof. Calgary Stampede - Cowboy on Bucking Bronco 5 Ounce Silver.

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. 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. Todays rising costs of labor, metals, manufacturing, and distribution mean that each penny.

Costs more than 1.6 cents to produce. The Royal Canadian Mints 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 Canadas currency set by eliminating the penny from Canadas 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. Itself, though perhaps no longer present in our pockets, will always hold a special place in our hearts. 9999 fine silver proof features an exactingly reproduced vignette of G. Kruger-Grays 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 5 Ounce Pure Silver Proof is the seventh in the ongoing 5 Ounce Silver series.

From the Royal Canadian Mint. Here's a coin with a ton of investment potential, to say nothing of cachet! It's huge (nearly 3 inches in diameter) and stuck in the purest silver. Refined anywhere in the world. The numismatic penny theme is extremely popular, too!

It's also only the seventh 5 ounce silver coin. What's more, it has the absolute lowest mintage limit of the bunch - only 1,500! Don't let it sell out on you, get yours today! The Royal Canadian Mint refines the purest silver in the world. This five ounce silver coin.

The national symbol of Canada, the maple leaf, is attractively featured in frosted cameo proof finish. 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. 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. REGINA ("Elizabeth II, Queen by the Grace of God").

The coin is encapsulated inside a burgundy leatherette, clamshell-style presentation case, lined with black velvet and protected by a full color, custom cardboard box. An individually-numbered certificate of authenticity is included.

Please note that the outer cardboard box for this coin is blast white in color, unlike nearly all other outer boxes and sleeves from the RCM (which are jet black). Beacause it is white, the outer box may show marks and scuffs.

This is unavoidable and how these arrived from the Mint. Of course, the outer box exists solely to protect the inner box, so in that sense it's doing its job.

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 quarters size, the dimes diminutive prestige, the nickels shining patina. Though ubiquitous, the penny has always been a breed apart. But the life story of Canadas 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 Canadas evolution from imperial outpost to dominion to independent nation. On January 2, 1908the day that the Ottawa branch of the Royal Mint was itself freshly mintedCountess Alice Grey, wife of Canadas ninth Governor-General, Albert Henry George Grey, stepped forward and struck Canadas first domestically produced coin: a 1-cent piece. By 2012, more than 35 billion more would be produced. Todays rising costs of labour, base metals, manufacturing, and distribution mean that each penny costs more than 1.6 cents to produce. While the penny will remain legal tender, the Royal Canadian Mint will no longer distribute pennies as of Fall 2012. 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. The item "Canada 2012 Farewell to the Penny 1 Cent 5 Oz Pure Silver Proof MINTAGE 1,500" is in sale since Monday, August 4, 2014. This item is in the category "Coins & Paper Money\Coins\ Canada\Commemorative". The seller is "talismancoins" and is located in Saint Louis, Missouri. This item can be shipped worldwide.

Circulated/Uncirculated: Uncirculated
Country of Manufacture: Canada