Canadian fifty-cent coin


The Canadian fifty-cent coin 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, and since 2004 has only been available to the public directly from the mint.
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.
The mint's website lists the 2007 coat of arms 50-cent coin as "rarely seen yet replete with tradition".

History

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.

Composition and size

Circulation figures

Elizabeth II

YearMintageNotes
1953 No strap1,630,429This variety is also called with/without shoulder fold.
1953 Strap1,630,429This variety is also called with/without shoulder fold.
1954506,305
1955753,511
19561,379,499
19572,171,689
19582,957,266Large reverse design, simple coat of arms.
19593,095,535Small reverse design, complete coat of arms.
19603,488,897
19613,584,417
19625,208,030
19638,348,871
19649,377,6761st obverse portrait
196512,629,9742nd obverse portrait
19667,920,496Last regular issue coin in silver.
19674,211,392Canadian Centennial, this coin features a howling wolf and is dated 1867–1967.
19683,966,932
19697,113,929
19702,429,526
19712,166,444
19722,515,632
19732,546,096
19743,436,650
19753,710,000
19762,940,719
1977709,839
19783,341,892This figure includes the "square" and "round" jewels varieties.
19793,425,000
19801,574,000
19812,690,272
19822,236,674This figure includes the "small" and "large" beads varieties.
19831,177,000
19841,502,989
19852,188,374
1986781,400
1987373,000From this date forward, 50¢ coins were generally minted in smaller amounts.
1988220,000
1989266,4192nd obverse portrait
1990207,0003rd obverse portrait
1991490,000
1992445,000125th anniversary of Confederation; this coin is dated 1867–1992.
1993393,000
1994987,000
1995626,000
1996458,000
1997387,000Revised coat of arms on the reverse.
1998308,000
1999496,000
2000559,000Struck in nickel
2001 P389,000Struck in nickel plated steel.
2002 P 14,440,000 Elizabeth II Golden Jubilee
2003 P50¢ coins minted since 2003 are not for circulation.

Commemoratives

Collecting

Known as the "king of Canadian coins", the 1921 Canadian 50-cent coin is rare, with a high-grade example having sold for US$227,546 in a January 2010 Heritage Auction. The highest-graded specimen is graded by PCGS at MS-67 and was last sold in the year 2000 to a private collector for the US$400,000.