Quarter (Canadian coin) explained

Country:Canada
Denomination:Quarter
Value:0.25
Mass:4.4
Diameter:23.88
Thickness:1.58
Composition:Nickel-plated steel
94% steel,
3.8% Cu,
2.2% Ni plating
Years Of Minting:1870–present
Obverse:File:Quarter Obverse 2023.png
Obverse Design Date:2023
Reverse:Quarter_Reverse_2010.png
Reverse Design Date:1937

The quarter, short for quarter dollar, is a Canadian coin worth 25 cents or one-fourth of a Canadian dollar. It is a small, circular coin of silver colour. According to the Royal Canadian Mint, the official name for the coin is the 25-cent piece, but in practice, it is usually called a "quarter", much like its American counterpart. In Canadian French, it is called a caribou. The coin is produced at the mint's facility in Winnipeg, Manitoba.

History

Early coinage (1870–1910)

The first coinage minted for what would later become the Canadian Confederation originated in legislation enacted in 1853. Per the Act 16 Vict. c. 158, the Province of Canada was to issue "dollars, cents, and mills" that would co-circulate with English shillings and pence.[1] While bronze and silver coins were initially struck at the Royal Mint in 1858, these only included currency up to twenty-cents.[1] When the first coinage for the Dominion of Canada was struck in 1870, only silver coins were issued which included a twenty-five cent piece in substitution for the twenty-cent coin.[1] This denomination change brought the new monetary system which was based on the United States gold dollar concurrently with the British sovereign into conformity with the United States quarter.[1] In a related event, the Canadian government also issued twenty-five cent notes to provide the country with fractional currency. By doing so, this relieved the "strain consequent" upon the removal from circulation of United States silver."[2]

Canadian quarters initially weighed 89.66 grains and were roughly 24 mm in diameter with a plain edge.[1] [3] The obverse features a portrait of Queen Victoria (designed by Leonard C. Wyon) wearing a tiara, while the reverse has the denomination and date under a crown within a wreath.[4] Public opinion of this new coin was positive as the American Journal of Numismatics and "Bulletin of American Numismatic and Archæological Societies" noted that the quarter was considered "more convenient than the old twenty cent piece".[3] In 1871, two varieties of quarters co-circulated; those without a mintmark were made by The Royal Mint, while "H" marked coins were made in Birmingham, England, by Ralph Heaton & Sons.[3] The latter of the two continued to mint only "H" marked quarters for 1872.[5] No quarters were struck by the Royal Mint or Heaton for Canada in 1873 as there was an increased demand for "Imperial coinage".[6] Ralph Heaton continued to mint quarters for Canada afterward from 1874 to 1883.[5] There was a four year hiatus during this period as the coins were transitioned from a plan to milled edge.

Enlargements to the facilities at the Royal Mint were completed in 1883, which meant they could handle Canadian coin production.[7] Quarters that date from 1884 to 1889 were all struck at the Royal Mint in London before Heaton was called for again.[5] [7] The "Numismatic and Antiquarian Society of Montreal" commented in their entry for 1890 that this choice indicated that there was a rush of business at the Royal Mint that year.[7] Coinage returned to the Royal Mint in 1891 and Canadian quarters were struck there through the remainder of Queen Victoria's reign.[5] When Edward VII ascended to the throne in 1901 a new obverse portrait for the quarter was used. British medalist George William de Saulles designed a right-facing bust of the King surrounded by the words "Latin: Edwardus VII Dei gratia Rex Imperator". Canadian quarters continued to be struck in England until 1907 with the opening of the Ottawa Mint.[5] When Edward VII died in 1910 a controversy arose in the following year with a new portrait design for George V.

Georgian coinage (1911–1952)

King George V's portrait was designed by Australian sculptor and medalist Bertram Mackennal with the words "Latin: Georgius V Rex et {{abbr|Ind:|Indiae"; however, this was criticized by the public as the decision to omit "Latin: Dei gratia" (by the grace of God) was called "godless" and "graceless".[8] [9] As a result the words Latin: Dei {{abbr|gra|gratia were added into the design the following year. On May 11, 1920 a new coinage act was put into place that affected the amount of silver in the quarter. While the previous "British standard" fineness of .925 silver (sterling) was reduced to .800, the weight and diameter of the quarter remained the same.[10] [11] This act was put into place as the price of silver had risen due to the aftermath of World War I.[12] [13] No quarters were minted between 1921 and 1927 as the rising price of silver made them unprofitable. When quarter production resumed in 1927, the Royal Canadian Mint initially planned to strike commemorative coins to celebrate Canada's 60th anniversary. Although a winning design was chosen for the quarter, it was never used as the plan was scrapped.[14]

No more proposed changes to the quarter were made during the remaining years of King George V's reign. When he died in January 1936 his son Edward VIII assumed the throne, but soon abdicated in December 1936. After his brother George VI assumed the throne on December 11, 1936, a new effigy was needed for Canadian coinage. As it was late in the year, the Royal Mint could not immediately make coins with a die depicting the new king with a 1937 date. It was instead decided by the mint to continue minting 1936 dated quarters with a dot added below the date on the reverse which signified that they were made in 1937.[13] The new effigy of George VI was designed by Humphrey Paget and was ready for use later in the year. The king is shown on the obverse side facing left, with the inscription "Latin: Georgius VI {{abbr|D:G:|Dei gratia".[15] During this time new reverse designs were also planned for circulating denominations below fifty-cents. Initial proposals included a caribou design for the five-cent coin, a beaver design for the ten-cent coin, and the Bluenose for the twenty-five-cent coin. After some debate the head of a caribou was designed by Canadian sculptor Emanuel Hahn for the quarter.[16]

India's declaration of independence in 1947 affected the quarter, as the words (Emperor of India) had to be removed from the obverse of the coin. This change was made under article 7.2 of the Parliament of the United Kingdom's Indian Independence Act 1947.[17] As the dies omitting the title were not immediately ready for use, a small maple leaf was added next to the 1947 dated coins on the reverse for quarters minted into 1948.[18] King George VI died in 1952, and a new obverse effigy featuring Queen Elizabeth II appeared in the following year.

Elizabeth II (1953–2022)

The first effigy of Queen Elizabeth II was designed by sculptor and medalist Mary Gillick, who chose to depict the queen at 27 years old facing right. As with the previous monarchs, her effigy is surrounded with Latin text which reads "Latin: Elizabeth II Dei Gratia Regina" (Elizabeth II, by the grace of God, Queen).[19] For Canadian coinage, this marked the first time that master dies were made at the Royal Canadian Mint.[20] During production the diameter of the quarter was raised this year from 23.6 to 23.9 mm.[10] For reasons unknown, these were also struck in two major varieties "with and without a fold of fabric" (aka strap) on the new effigy.[21]

Composition and size

Years Mass Diameter Composition[23]
1870–19105.81 g23.62 mm92.5% silver, 7.5% copper
1910–19195.83 g23.62 mm92.5% silver, 7.5% copper
1920–19525.83 g23.62 mm80% silver, 20% copper
1953–19675.83 g23.88 mm80% silver, 20% copper
1967–19685.05 g23.88 mm50% silver, 50% copper
1968–20015.05 g23.88 mm99.9% nickel
2001–present4.40 g23.88 mm94.0% steel (AISI 1006 alloy[24]), 3.8% copper, 2.2% nickel plating

Circulation figures

Victoria & Edward VII

YearMintage
1870900,000
1871400,000
1871 H748,000
1872 H2,240,000
1874 H1,600,000
1875 H1,000,000
1880 H400,000
1881 H820,000
1882 H600,000
1883 H960,000
1885192,000
1886540,000
1887100,000
1888400,000
188966,324
1890 H200,000
1891120,000
1892510,000
1893100,000
1894220,000
1899415,580
19001,320,000
1901 Victoria 640,000
1902 Edward VII464,000[25]
1902 H800,000
1903846,150
1904400,000
1905800,000
19061,237,843
19072,088,000
1908495,016
19091,335,929
19103,577,569[26]

George V & George VI

YearMintage
1911 – No "Latin: [[Dei Gratia Rex|Dei gratia]]"1,721,341[27]
1912 – With "Latin: Dei {{abbr|gra.|gratia"2,544,199[28]
19132,213,595
19141,215,397
1915242,382
19161,462,566
19173,365,644
19184,175,649
19195,852,262
19201,975,278[29]
1921597,337
1927468,096
19282,114,178
19292,690,562
1930968,748
1931537,815
1932537,994
1933421,282
1934384,350
1935537,772
1936 George V972,094
1936 George V (dot)153,322
1937 George VI2,689,813[30]
19383,149,245
19393,532,495
19409,583,650
19416,654,672
19426,935,871
194313,559,575
19447,216,237
19455,296,495
19462,210,810
19471,524,554
1947 ML4,393,938
19482,564,424[31]
19497,988,630
19509,673,335
19518,290,710
19528,859,642

Elizabeth II

YearMintageNotes
1953 No strap10,546,769[32] These varieties are also referred to as "with" and "without shoulder fold".
1953 Strap
19542,318,891
19559,552,505
195611,269,353
195712,770,190
19589,336,910
195913,503,461
196022,835,327
196118,164,368
196229,559,266
196321,180,652
196436,479,3431st obverse portrait
196544,708,869[33] 2nd obverse portrait
196625,626,315
1967 80% silver48,855,500[34] These quarters feature a Canadian Lynx on the reverse, and are dated 1867-1967. The mintage figure includes both 80% and 50% silver coins.
1967 50% silver
1968 50% silver71,464,000[35]
1968 nickel88,686,931[36]
1969133,037,929
197010,302,010
197148,170,428
197243,743,387
1973 Large bust134,958,587[37] Quarters dated 1973 have "large" and "small" bust varieties of Queen Elizabeth II on the obverse, while the reverse depicts a mounted RCMP officer.
1973 Small bust
1974192,360,598
1975141,148,000
197686,898,261
197799,634,555
1978176,475,408
1979131,042,905[38]
198076,178,000
1981131,580,272
1982171,926,000
198313,162,000
1984121,668,000
1985158,734,000
1986132,220,000
198753,408,000
198880,368,473
1989119,796,3072nd obverse portrait
199031,258,000[39] 3rd obverse portrait
1991459,000
1992To celebrate the 125th anniversary of Confederation, the Royal Canadian Mint released twelve commemorative coins.
199373,758,000
199477,670,000
199589,210,000
199628,106,000
1997Not circulated
1998Not circulated
1999 Caribou258,888,000An estimated 20,000 quarters are dated 1999 (P).[40]
2000 Caribou434,087,000Only 3 to 5 2000 (P) quarters are known.
2001 Caribou8,415,000Struck in nickel.
2001 P55,773,000Struck in nickel-plated steel (P).
2002 P156,105,000
2002 P (GJ)152,485,000[41] (1952 - 2002) Elizabeth II Golden Jubliee
2003 P Crowned87,647,000Crowned 3rd obverse portrait
2003 P Uncrowned66,861,633[42] Uncrowned 4th obverse portrait
2004 P177,466,000
2005 P206,346,000
2006 P423,189,000
2007386,763,000The nickel-plated steel "P" mark (below bust on obverse) was dropped and replaced by an RCM logo.
2008387,222,000
2009266,766,000
2010167,500,000[43]
2011212,970,000
2012178,450,000
2013118,480,000
201497,440,000
201597,320,000
2016106,880,000
2017 Caribou110,720,000[44]
2018102,560,000
201980,160,000
202096,000,000
2021110,560,000[45]
202291,680,000[46]

Charles III

YearMintage
202380,510,000[47]
2024
2025

Collecting

External links

Notes and References

  1. Book: Catalogue of the Coins, Tokens, Medals, Dies, and Seals in the Museum of the Royal Mint. William John Hocking. H.M. Stationery Office. 1906. 1. 305–306.
  2. Book: Special Consular Reports. U.S. Government Printing Office. 13. 1896. 37.
  3. Book: American Journal of Numismatics, and Bulletin of American Numismatic and Archæological Societies. T.R. Marvin & Son. 17-19. 1883. 55.
  4. Web site: Canada 25 Cents KM# 5 1870 . Numismatic Guaranty Company . October 14, 2024.
  5. Book: Journal of the Canadian Bankers' Association. Canadian Bankers Association. 25. 1–2. 1918. 112-113.
  6. Book: First Annual Report. Deputy Master of the Mint. H.M. Stationery Office. 1871. 9.
  7. Book: The Canadian Antiquarian and Numismatic Journal. H. . Mott . R. W. . McLachlan . A. C. . de Lery MacDonald. Numismatic and Antiquarian Society of Montreal. 1889. 146–151.
  8. Book: Coinage of the Americas. Theodore V. Buttrey. American Numismatic Society. 1973. 99. 978-0-7837-6999-8 . A public outcry against these "Godless" coins resulted and from 1912 coins bear a legend containing an abbreviated form of the phrase.
  9. Book: The Numismatist. American Numismatic Association. Hurley Prontery. 1911. 24. 200.
  10. Book: Annual Report of the Director of the Mint. United States Mint. 1969. W18.
  11. Book: Trade Promotion Series. Bureau of Foreign and Domestic Commerce. 1935. 34.
  12. Book: The New Hazell Annual & Almanack. T.A. Ingram M.A., L.L.D.. Oxford University Press. 36. 1921. 105.
  13. Book: Warman's Coins & Paper Money Identification and Price Guide. Arlyn G. Sieber. F+W Media. 2011. 1997-1998. 978-1-4402-1730-2 .
  14. Striking Impressions, James A. Haxby, 1983,
  15. Book: The Numismatist. American Numismatic Association. 106. 1993. ...dating from 1937 to 1952. Designer T. Humphrey Paget's initials, H.P., are....
  16. Book: Rapport Du Directeur de la Monnaie Royale Canadienne. Royal Canadian Mint. 1937. 6. It was finally decided to commission Mr. Emanuel Hahn, R.C.A., of Toronto to prepare the models for the 25-cent and 10-cent pieces with a caribou head and....
  17. Web site: Indian Independence Act, 1947.. Parliament of the United Kingdom. The assent of the Parliament of the United Kingdom is hereby given to the omission from the Royal Style and Titles of the words " Indiae Imperator " and the words " Emperor of India " and to the issue by His Majesty for that purpose of His Royal Proclamation under the Great Seal of the Realm..
  18. Book: Report of the Master of the Royal Canadian Mint. Department of Finance Canada. 1948. 6–7.
  19. Web site: Faces of the Monarch on Coins . Royal Canadian Mint. }
  20. Book: The Official Blackbook Price Guide to World Coins 2008. Marc. Hudgeons. Tom. Hudgeons (Jr.). Thomas E.. Hudgeons. Random House. 2007. 291. 978-0-375-72169-4 .
  21. Book: The Numismatist. American Numismatic Association. 106. 1993. 1132. With the coins of 1953–55 came two new varieties: with and without a fold of fabric (mistakenly called a strap) on Queen Elizabeth's right shoulder..
  22. Charlton Standard of Canadian Coins, p.128
  23. Web site: A familiar face – the 25-cent coin . . March 30, 2020 . https://web.archive.org/web/20200404214254/https://www.mint.ca/store/mint/learn/25-cents-5300010 . April 4, 2020 . live.
  24. Web site: Control of electromagnetic signals of coins through multi-ply plating technology . Google Patents . March 3, 2020.
  25. Web site: Canada 25 Cents KM# 11 1902 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  26. Web site: Canada 25 Cents KM# 11a 1910 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  27. Web site: Canada 25 Cents KM# 18 1911 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  28. Web site: Canada 25 Cents KM# 24 1912 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  29. Web site: Canada 25 Cents KM# 24a 1920 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  30. Web site: Canada 25 Cents KM# 35 1937 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  31. Web site: Canada 25 Cents KM# 44 1948 (no mint mark) . Numismatic Guaranty Company . October 14, 2024.
  32. Web site: Canada 25 Cents KM# 52 1953(no mint mark) Without strap . Numismatic Guaranty Company . August 7, 2024.
  33. Web site: Canada 25 Cents KM# 62 1965(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  34. Book: 2017 Standard Catalog of World Coins 1901-2000 . July 29, 2016 . 44th . Michael . Thomas . Krause Publications . 978-1440246548 . 315–320.
  35. Web site: Canada 25 Cents KM# 62a 1968(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  36. Web site: Canada 25 Cents KM# 62b 1968(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  37. Web site: Canada 25 Cents KM# 81.1 1873-1973(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  38. Web site: Canada 25 Cents KM# 74 1979(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  39. Web site: Canada 25 Cents KM# 184 1990(no mint mark) . Numismatic Guaranty Company . August 7, 2024.
  40. Web site: Canada 25 Cents KM# 184b 1999(no mint mark) P . Numismatic Guaranty Company . August 7, 2024.
  41. Web site: Canada 25 Cents KM# 448 1952-2002P . Numismatic Guaranty Company . August 7, 2024.
  42. Web site: Canada 25 Cents KM# 493 2003P . Numismatic Guaranty Company . August 7, 2024.
  43. Web site: RCM Mintages 2010 – 2020 . Royal Canadian Mint . August 7, 2024.
  44. Royal Canadian Mint . 2017 Annual Report – Delivering Results . 2017 . 86 . November 26, 2022 . https://web.archive.org/web/20180708044338/https://www.mint.ca/store/dyn/PDFs/Mint_AR%20_Eng_17-18_Final_Web_Apr_6.pdf . July 8, 2018 . live.
  45. Web site: Royal Canadian Mint Annual Report: 2021. Royal Canadian Mint. November 12, 2024.
  46. Web site: Royal Canadian Mint Annual Report: 2022. Royal Canadian Mint. November 12, 2024.
  47. Web site: Royal Canadian Mint Annual Report: 2023. Royal Canadian Mint. November 12, 2024.