Canada 2012 FAREWELL TO THE PENNY $20 Pure Silver Maple Leaf Leaves FULL OGP!

Description: In Stock and Ready for Immediate Shipment! Long SOLD OUT at the Royal Canadian Mint! Thank you for your interest in this pure silver penny coin. We are often asked by those unfamiliar with this series what the size and weight of this coin is. Like all coins in the Royal Canadian Mint $20 Commemorative Program, this coin weighs 7.96 grams (one-quarter troy ounce) and measures 27 mm (slightly more than one inch) in diameter. As with all our coin listings, you may view these and all specifications by scrolling down the listing to the blue "Specifications" box lower in the listing. Hope this helps, and thanks again for your interest! Exciting and extremely affordable—a true bargain, struck in the purest silver in the world! Canada eliminates the one cent coin from circulation as we bid a fond farewell to this much-collected denomination, the penny! 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 and silver maple leaf), 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. And so, the penny must go. 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. And so we bid a fond farewell to the penny 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! 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.E. 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. And the penny itself, though perhaps no longer present in our pockets, will always hold a special place in our hearts. Canada $20 Silver Commemorative Program Far and away the most popular series in recent memory, the highly collectible Canadian $20 Silver Commemorative Program offers coin collectors of all means the opportunity to acquire significant, striking designs, all minted in the purest silver on the planet! All have sold out at the Mint quickly - don't delay - get yours today! What's all the fuss about, er, I mean, how do we love thee? Let us count the ways... The Mint has imposed a limit of 3 per collector (go ahead, ask yourself why)! But we have no limit at the present. High face value. Limited mintage - only 1 in 135 Canadians can ever own one! (And what does that leave for the rest of the world?!?!) Significant precious metal content. Minted in the purest silver available in the world - only the Royal Canadian Mint strikes four 9s fine silver coins! The first four $20 Silver Commemorative releases sold out in mere days! Handsome specimen finish - unique to the RCM! Simple yet evocative artistry, an original work of art designed and engraved by practicing artist Jesse Koreck! Historic design ushers out the one cent denomination - and this is the least expensive coin in the Farewell to the Penny program! No-Exposure Proposal Precious silver, a limited mintage, and a $20 denomination - here's a no-risk proposition if there ever was one! With economists becoming more and more anxious about the rising debt levels of Western nations, the timing couldn't be better. (Think about the incredibly huge federal budget deficit, all the states' financial problems, and the recent defaults in Europe.) The worry of fiat (paper) money ending up worthless also contributes to the ongoing rise in popularity of precious metals. Well, here's some relief - a precious metals coin with a high face value, too! Consider just this one simple fact - we're selling this unique $20 Silver Commemorative coin at a price that's less than its on-the-table, in-your-hand value - the $20 denomination plus the $9.00 spot value of the silver (at current (as of this writing) $36 per ounce silver) is essentially its price in the Special Quantity Discount 10-Pack! It Simply Adds Up Do the math: High Face Value + Significant Precious Metal Content + Numismatic Theme + Mintage Limit = No-Risk Winner Technology Note The Royal Canadian Mint refines the purest silver in the world. This one-quarter ounce silver coin is 99.99% pure! The Specimen Finish This coin features the uniquely-Canadian "specimen" finish, a three-fold combination of different finishes. The design (raised area or relief) includes both brilliant and mirrored surfaces, while the fields (background) are subtly striated, resulting in a contrasting, matte appearance. No other mint in the world employs the specimen finish. Obverse The iconic maple leaf twig design created by G.E. Kruger-Gray that has appeared on all one-cent coins since 1937 (with the exception of a special Centennial one-cent coin released in 1967) takes center stage, but with the added twist of a watery setting. The legend FINE SILVER 9999 guarantees the purity. The date and denomination are also indicated. Reverse Her Majesty, Queen Elizabeth II, in profile facing right. This portrait, the fourth effigy of the queen to appear on Canadian coinage, was executed by the artist Susanna Blunt. The date, denomination and the legend ELIZABETH II D. G. REGINA (Elizabeth II, Queen by the Grace of God) also appear. Packaging The coin comes encapsulated inside vinyl pouch, inside a full color folding booklet. A certificate of authenticity is integrated. Specifications Country Canada Year of Issue 2012 Face Value 20 Dollars Weight 7.96 g Diameter 27 mm Mintage Limit 250,000 Finish Specimen Composition .9999 Fine (Pure) Silver Edge Reeded (milled, serrated) Artist Jesse Koreck Certificate Included Copyright © 2024 Talisman World Coins and Medals. All Rights Reserved.

Price: 27.95 USD

Location: Saint Louis, Missouri

End Time: 2024-08-16T02:09:07.000Z

Shipping Cost: 0 USD