Voyageur dollar explained

Country:Canada
Denomination:Voyageur dollar
Value:1
Unit:CAD
Mass:15.62
Diameter:1935-1967 36 mm, 1968-1987 32.15
Thickness:2.88
Edge:Milled
Composition:1935–1968
80% Ag, 20% Cu
1968–1987
99.9% Ni
Years Of Minting:1968–1987
Catalog Number:
Obverse Design:
Obverse Designer:
Reverse Design:Voyageur and an aboriginal travelling by canoe[1]
Reverse Designer:Emanuel Hahn

The voyageur dollar is a coin of Canada that was struck for circulation from 1935 through 1986. Until 1968, the coin was composed of 80% silver. A smaller, nickel version for general circulation was struck from 1968 through 1986. In 1987, the coin was replaced by the loonie. Like all of Canada's discontinued coins, the voyageur dollar coins remain legal tender.

History

Production

On May 4, 1910, the Canadian government passed an amendment to the Currency Act (Bill 195) which, among other things, called for the requirement of a Canadian silver dollar.[2] James Bonar, Deputy Master of the Royal Mint, had ordered the master dies for this new dollar on November 10, 1910. Production of the dies was delayed, and they were not delivered to the Mint until nearly a year later. By the time the dies arrived, Sir Robert Borden had won his Canadian election, and cancelled the production of the silver dollar. While no official reason was given from the Borden government about the cancellation, a letter from Bonar attributes the coin's removal to the absence of a reference to God (Latin: [[Dei gratia rex]]), which created controversy among Canadians at the time.[2] The obverse dies, featuring the bust of King George V, would still be preserved until 1936, used with the first silver dollars to enter circulation.[3] Three trial strikes of silver dollars were produced in 1911 by the Royal Mint in London: two struck in silver, and one in lead. One of the silver coins, owned by the Royal Mint Museum, has been loaned to the Bank of Canada since 1976, while the lead coin was discovered during a move in 1977.[4] The two were put into the National Currency Collection of the Bank of Canada, and have been on display in the Bank of Canada Museum since 1980.

Silver Jubilee

In 1935, a commemorative silver dollar was struck for King George V's Silver Jubilee. It showed the King on the obverse (front) and, a canoe containing a voyageur, (French-Canadian fur trader) and an Indigenous man, on the reverse (back). The canoe also contains two bundles of furs—on one, the initials HB, for Hudson's Bay Company may be seen. The reverse was designed by Emanuel Hahn.[5] This coin marked the beginning of silver Canadian dollars in circulation, which continued until 1968, when the coin's composition shifted from silver to nickel.[6]

Struck in silver

The issue was generally considered a success, and beginning in 1936, the silver dollar (in .800 fine silver) was struck more-or-less annually as a regular issue for general circulation, with the same reverse design as in 1935. Although commemorative dollars were struck for circulation for the visit of King George VI in 1939, no regular-issue dollars were struck that year, as well as until the end of World War II in 1945. Thereafter, voyageur dollars were struck each year through 1966, except in years when a commemorative dollar was struck for circulation (e.g. 1939, 1949, 1958 1964). In 1967, a special "flying goose" design was struck for the Canadian Centennial.

Struck in nickel

Beginning in 1968, following the 1967 Canadian Centennial series, the voyageur dollar design resumed. It was now struck in pure nickel, following the decision to debase Canada's coinage from silver to nickel. The change to this harder metal lead to the diameter of the coin being reduced from 36 mm to 32 mm, as it made minting considerably easier.[6] From then on, the series was only interrupted for circulating commemorative issues, except for those produced in 1982 (Constitution Acts dollar) and 1984 (Jacques Cartier dollar), where the voyageur design was also produced. It was last struck for circulation in 1986 and for collectors in 1987.

Change to the loonie

Neither the silver nor nickel dollars circulated well although the Royal Canadian Mint (RCM) saw a need for a circulating dollar coin. Since a one-dollar coin could last 20 years longer than a one-dollar bill, they calculated that they could save up to $250 million in 20 years. To encourage circulation, the size was reduced, the colour was changed, and the one-dollar note was eliminated from circulation.

Originally, the plans called for the voyageur design to be continued on the new gold-coloured dollar coin. This set of dies depicting the design was lost in transit.[7] To eliminate the risk of counterfeiting, an alternate design submitted by Robert-Ralph Carmichael in a 1978 coin design contest, featuring a loon, was used.[8] This became known as the loonie.

Commemorative editions

In 2003, in special proof sets honouring the fiftieth anniversary of the coronation of Queen Elizabeth II, the voyageur design was struck again in sterling silver in a limited edition of 30,000.In 2017, the RCM issued special edition one-dollar coins in silver and gold with platinum plating to commemorate the 30th anniversary of the introduction of the loonie, with one of the coins utilizing its design, intended as a new version for the current dollar coin, but bearing the dual dates "1987–2017".

In 2018, the RCM issued 5ozt and 1 kg special-edition one-dollar fine-silver voyageur coins with gold plating. The latter is 102 mm in diameter and limited to 350 coins.[9]

Commemorative editions of the Voyageur dollar!Image!Year!Theme!Artist!Mintage[10] !Special notes
1939The Royal VisitEmanuel Hahn1,363,816Designed to commemorate King George VI and Queen Elizabeth's visit to Ottawa. Inscribed are the Latin words Latin: Fide suorum regnat, meaning "He reigns by the faith of his people".
1949Newfoundland joins ConfederationErnest Maunder672,218The design features the Matthew, sailed by John Cabot when he first arrived in Newfoundland in 1497. Below the ship are the Latin words Latin: Floreat Terra Nova, meaning "May the New Found Land flourish".
1958100th anniversary of British ColumbiaStephen Trenka3,039,630Designed to commemorate 100 years since both the Cariboo Gold Rush and the creation of British Columbia as a British Crown colony.[11] The design features a totem pole in the foreground, with the Rocky Mountains in the background.
1964100th anniversary of the Charlottetown and Quebec ConferencesThomas Shingles7,296,832The design features the French fleur-de-lis, the Irish shamrock, the Scottish thistle, and the English rose.
1967Canada's CentennialAlex Colville6,767,496The design features a Canada goose in flight.
1970100th anniversary of the accession of ManitobaRaymond Taylor4,140,058The design features a prairie crocus, the provincial flower of Manitoba.
1971100th anniversary of the accession of British ColumbiaThomas Shingles4,260,781The design features British Columbia's coat of arms, as well as its provincial flower, the dogwood.
1973100th anniversary of the accession of Prince Edward IslandWalter Ott3,196,452The design features Province House.
1974100th anniversary of WinnipegPatrick Brindley2,799,363The design features the number 100, surrounded on top and bottom by lettering "Winnipg" and "1874–1974 Canada dollar" respectively. Inside the two zeroes are illustrations of Winnipeg's Main Street in 1874 (left) and 1974 (right)
1982Constitution Acts of 1867 and 1982Ago Aarand9,709,402The design features a recreation of a painting of the Fathers of Confederation.
1984450th anniversary of Jacques Cartier arriving on the Gaspé Peninsula.Hector Greville7,009,323The design features explorer Jacque Cartier in front of a cross with the French coat of arms.

Notes and References

  1. Web site: Striking in its solitude – the 1-dollar coin, familiarly known as the 'loonie' . Royal Canadian Mint . November 26, 2022 . https://web.archive.org/web/20191103084025/https://www.mint.ca/store/mint/about-the-mint/1-dollar-5300014 . November 3, 2019.
  2. Web site: The 1911 silver dollar . December 1, 2022 . Bank of Canada Museum.
  3. News: Bank of Canada Museum acquires 1911 silver dollar deemed country's greatest rarity . Lynch . Abigael . Capital Current . January 6, 2022 . December 1, 2022.
  4. Web site: The 1911 silver dollar . December 1, 2022 . Bank of Canada Museum.
  5. Web site: CANADIAN SILVER DOLLARS (VOYAGEURS AND COMMEMORATIVES) . https://web.archive.org/web/20220203053727/http://www.coinscan.com/silverd/dollarindex.html . February 3, 2022 . November 26, 2022.
  6. Book: Cross . W. K. . A Charlton Standard Catalogue Canadian Coins . 60th . 978-0889682979 . 168.
  7. News: The loonie, a Canadian touchstone, is turning 20 . CTV News . Canadian Press . June 27, 2007 . 2012-01-15.
  8. News: Check your pockets! You could be carrying a piece of local history . June 24, 2018 . SooToday . December 2, 2022.
  9. Web site: Largest 'Voyageur' coin ever issued at 1,006 grams. 2018-11-06. Canadian Coin News. en-CA. 2019-03-12.
  10. Book: 2017 Standard Catalog of World Coins 1901-2000 . 44th . Michael . Thomas . Krause Publications . 978-1440246548 . 323–330.
  11. Web site: Royal Canadian Mint . 1 Dollar. November 25, 2022 .