- Country:Canada
- Collection:Silver Commemorative $50
- Metal:Silver
- Year:2010
- Denomination:$50
- Finish:Complete
- Weight (oz):5.032
- Purity:0.9999
- Mintage:1991
- Product type:Coin
5-Ounce Silver Coin - 75th Anniversary of the First Bank Notes Issued by the Bank of Canada (2010)
With a design that is a faithful reproduction of theallegory that appeared on the inaugural $50 banknote of 1935 and a limited mintage of just 2,000 coinsworldwide, this historic tribute is a must-have! The coin design is of a seated woman with elements of radio broadcastingto symbolize modern inventions.
Theme:
Less than 100 years ago, "Canadian" paper money existed in a variety offorms; notes that were issued by pre-Confederation (provincial) governments,chartered banks and private banks. In fact, over a period of 175 years, morethan 100 such banks existed, each issuing its own denominations, including$3, $5, $6, $7 and $8 notes.
This all changed when the Bank of Canada arrived on the economic scene in1935. The Bank was established through an act of Parliament to regulate thecountry's money supply and to "promote the economic and financial welfareof Canada"-responsibilities that gave it the exclusive right to issue Canada'sbank notes while the notes from chartered banks were gradually removedfrom circulation.
The Bank of Canada's inaugural notes were introduced on March 11, 1935 andincluded denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000with a $25 note issued later that year to commemorate the silver jubilee ofKing George V.
The designs featured a member of the royal family or former Canadianprimeminister on the front with an allegorical figure representing a different aspectof Canadian industry or culture on the back. Each denomination was originallyavailable in English or French until bilingual notes were introducedin 1937.
