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The Canadian Dollar under the Gold Standard. Although Newfoundland issued gold coins as early as 1865, (1854-1914) the Dominion of Canada did not do so until 1912–14, when the recently established Royal Mint in Ottawa struck $5 and $10 pieces. When the redemption of Dominion notes into gold was suspended at the beginning of the First World ...
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sovereigns and other current British gold coins, U.S. gold eagles ($10), double eagles, and half eagles, Canadian gold coins (denominations of $5 and $10), and Dominion notes. Limited legal tender status was also accorded silver, nickel, and bronze coins minted in Canada.59 Canada’s return to the gold standard proved to be short-lived.
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Dominion of Canada • with the creation of the Dominion of Canada, the central government assumed responsibility for money and banking and undertook to legalize its own currency • Ottawa issued a new series of coins in the denominations of , 5, 0, 5 and 50 cents • the coins were legal tender in the four provinces that signed the
Province of Canada's first ten-cent coin, 1858. As a compromise between basing the currency on sterling or on the US dollar, [34] in 1853 the Parliament of the Province of Canada enacted a statute to introduce the gold standard into the province, based on both the British gold sovereign and the American gold eagle coins. [37]
Feb 7, 2006 · The Canadian dollar became the official currency of the united province of Canada on 1 January 1858 and was defined as 15/73 of the British gold sovereign. This established the par rate of exchange between the British pound and the dollar at $4.867. In 1910 the Canadian dollar was officially defined in terms of fine gold instead of the gold ...
Nov 29, 2012 · By the end of that summer, $600,000 worth of gold coins had been circulated to Assistant-Receivers General across Canada. Production of the gold coins continued until 1914. The first canadian gold coins. These first gold coins struck by the Mint were Canadian in almost every aspect, from raw material to design.
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In 1900, gold was discovered in the Yukon territory of Canada. Despite the nation’s lack of gold circulating coinage, the Canadian government expressed a desire to mint Sovereigns. In 1901, a proposal from the Canadian House of Commons to fund a branch mint in Ottawa received royal assent. Building work for the new facility began in 1905 and ...
