Description
DESCRIPTION
In late 1911, the Ottawa Branch of the Royal Mint struck a trial one dollar coin in lead; two more were struck in silver by the Royal Mint in London, England. These three coins are among the rarest Canadian coins: the lead trial coin and one of the silver coins are now housed in the Currency Museum of the Bank of Canada in Ottawa, and the other is privately owned.
The Currency Act of 1910 authorised the Ottawa Branch of the Royal Mint to strike one-dollar silver pieces, which it planned to do in 1911. After King George V was crowned, a race ensued to ensure that his effigy would appear on coinage across the Empire, in time for the issuing of 1911 coinage. However, in May 1910, King Edward VII passed away, which sparked a fascinating sequence of events in the history of Canadian coinage. Since most of the master tooling had to be made at the Royal Mint in London and shipped to Britain’s Dominions and colonies, the engravers at the Royal Mint were under a great deal of pressure. As a result, creating the master tooling for the existing denominations—as opposed to the yet-to-be-introduced silver dollar—was made the priority, and the silver dollar was put on hold.
In early March, the Royal Mint requested that the Department of Finance choose one of two new obverses: one Latin, the other in English. Finance Minister William Fielding chose Latin, but failed to notice that the die lacked the―Dei Gra[tia]‖—―By the Grace of God‖—inscription. Midyear, the tooling arrived in Ottawa, where officials finally noticed the omission. But, by then it was too late to request new tooling because reserves of 1910 coinage were running out; requiring the new 1911 coins lacking the correct inscription be put into circulation. This meant that in 1911 Canada had what came to be called ―Godless coinage.‖
Finally, a change in government brought a change in policy and the Minister of Finance stated that the new government was shelving plans to create a Canadian silver dollar. As a result of these exceptional events, the 1911 dollars became one of Canada’s rarest coins.
ITEM SPECIFACTIONS
Item Number: 114097
Mintage: 15,000
Weight: 25.18 g
Diameter: 36 mm
Denomination: $1
Finish: Proof
Edge: Serrated
