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Nickel (Canadian coin)
Canadian coin worth 5 cents

The Canadian five-cent coin, commonly called a nickel, is a coin worth five cents or one-twentieth of a Canadian dollar. It was patterned on the corresponding coin in the neighbouring United States. It became the smallest-valued coin in the currency upon the discontinuation of the penny in 2013.

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History

Further information: Coins of the Canadian dollar § History

See also: History of Canadian currency

The "Victory nickel", struck from 1943 to 1945, was the first non-standard circulating Canadian coin other than commemorative dollars; the reverse features a flaming torch and a large V that stands for both Victory and the coin's denomination. The rim denticles were replaced by the phrase "We win when we work willingly" in Morse Code. This design was re-used in 2005 to commemorate the 60th anniversary of V-E Day. Almost uniquely in the history of Canadian coinage, the reverse was engraved to scale by Thomas Shingles; most coin designs are engraved at a much larger scale and reduced with a pantograph.

In 1951, a special commemorative five-cent piece depicting a nickel refinery was struck to celebrate the 200th anniversary of the metal's initial discovery by Swedish chemist Axel F. Cronstedt. Due to the onset of the Korean War, production of this commemorative was halted to preserve nickel for the war effort, resulting in a second non-commemorative 1951 "nickel" made of plated steel.

In 1967, all the circulating coins received a special reverse for the Canadian Centennial; the nickel featured a rabbit.

In proof sets issued since 1996, the five cent coin is made of sterling silver. Some commemorative five cent coins are also made of sterling silver.

Types and specifications

Definitive types
ImageYearsMass12Diameter34Composition56
1858–19011.16 g15.5 mm92.5% silver, 7.5% copper
1902–19101.16 g15.5 mm92.5% silver, 7.5% copper
1911–19211.17 g15.5 mm92.5% silver, 7.5% copper (1911–1919)80% silver, 20% copper (1920–1921)
1922–19364.54 g21.21 mm99.9% nickel
1937–19424.54 g21.21 mm99.9% nickel
1942–19454.54 g21.3 mm88% copper, 12% zinc (tombac) (1942–1943) Chrome plated steel (1944–1945)
1946–19524.54 g21.3 mm99.9% nickel (1946–1951) Chrome plated steel (1951–1952)
1953–19644.54 g21.3 mmChrome plated steel (1953–1954) 99.9% nickel (1955–1964)
1965–19814.54 g21.3 mm99.9% nickel
1982–19894.6 g21.2 mm75% copper, 25% nickel
1990–2001, 2006(No "P"on obverse)4.6 g21.2 mm75% copper, 25% nickel
1999–2006(With "P")3.95 g21.2 mm94.5% steel, 3.5% copper, 2% nickel plating
2003–2022(With RCM logoon obverse)3.95 g21.2 mm94.5% steel, 3.5% copper, 2% nickel plating
2023–present3.95 g21.2 mm94.5% steel, 3.5% copper, 2% nickel plating

Circulation figures

Victoria & Edward VII

YearMintage78Notes
18581,500,000This figure includes the small date, and large date over small date varieties.
18702,800,000This figure includes the "Flat rim" and "Wire rim" varieties.
18711,400,000Two different varieties have a 1 over 1 and 7 over 7 in the date.
1872 H2,000,000The "H" on the coin refers to "Ralph Heaton & Sons".
1874 H800,000This figure includes the "Plain 4" and "Crosslet 4" varieties.
1875 H1,000,000This figure includes the small and large date varieties.
1880 H3,000,000
1881 H1,500,000
1882 H1,000,000
1883 H600,000
1884200,000Key date, lowest mintage of the Victorian and Edwardian eras.
18851,000,000This figure includes the "small 5", "large 5", and " large 5 over small 5" varieties.
18861,700,000This figure includes the "small" and "large 6" varieties.
1887500,000Includes a "7 over 7" date variety.
18881,000,000
18891,200,000
1890 H1,000,000
18911,800,000
1892860,000
18931,700,000
1894500,000No coins were minted in 1895.
18961,500,000
18971,319,283Varieties include a "wide" and "narrow" 8, and a "narrow 8 over a wide 8" in the date.
1898580,717
18993,000,000
19001,800,000This figure includes the "Oval" and "Round 0's" varieties.
1901 Victoria2,000,000
1902 Edward VII2,120,000
1902 H2,200,000This figure includes the "large broad" and "small narrow" H varieties.
19031,000,000
1903 H2,640,000
19042,400,000
19052,600,000Varieties include a "wide" and "narrow" date and a 5 over 5.
19063,100,000Varieties include a "wide" and "narrow" date and a "low 6".
19075,200,000Varieties include a "wide" and "narrow" date and a "low 7".
19081,220,524Varieties include a "small" and "large" 8 in the date.
19091,983,725This figure includes the "round/rounded" and "pointed" leaves varieties.
19103,850,325This figure includes the "round/rounded" and "pointed" leaves varieties.

George V & George VI

YearMintage9Notes
19113,692,350
19125,863,170
19135,588,048
19144,202,179
19151,172,258
19162,481,675
19175,521,373
19186,052,289
19197,835,400
192010,649,851
19212,582,495Almost all of these coins were melted at the mint.
19224,763,186
19232,475,201
19243,066,658
1925200,050Key date, lowest mintage of the George V/VI eras.
1926933,577This figure includes the "near" and "far" 6 varieties.
19275,285,627
19284,588,725
19295,562,262
19303,685,991
19315,100,830
19323,198,566Varieties include a "near" and "far" 2.
19332,597,867
19343,827,303
19353,900,000
1936 George V4,400,450
1937 George VI4,593,263
19383,898,974
19395,661,123
194013,820,197
19418,681,785
1942 Nickel6,847,544
1942 Tombac3,396,234
194324,760,25610Intended to stimulate the war effort. The message "We Win When We Work Willingly" is engraved in Morse code on the rim of the coin.
1944 Steel1111,532,784Intended to stimulate the war effort. The message "We Win When We Work Willingly" is engraved in Morse code on the rim of the coin.
194518,893,21612
19466,952,684
19477,603,724The "dot" variety is included in this figure.
1947 Maple Leaf9,595,124Obverse "IND: IMP:" aka Indiae Imperator (Emperor of India) removed.
19481,810,789
194913,736,276
195011,950,520
19514,313,410This figure includes the rare high relief and common low relief varieties.
1951 Nickel Bicentennial9,028,50713200th anniversary of the discovery of nickel. Features a nickel refinery.
195210,891,148

Elizabeth II

YearMintageNotes
195316,635,552This figure includes the "strap", "no strap", and "near"/"far" leaf varieties.
19546,998,662
19555,355,028
19569,399,854
19577,387,703
19587,607,521
195911,552,523
196037,157,433
196147,889,051
196246,307,305
196343,970,320
196478,075,068
196584,876,018This figure includes the "small" and "large" beads varieties.
196627,976,648
196736,876,57414Canadian Centennial; this nickel features a hopping rabbit and is dated 1867–1967.
196899,253,330
196927,830,229
19705,726,010
197127,312,609
197262,417,387
197353,507,435
197494,704,645
1975138,882,000
197655,140,213
197789,120,791This figure includes the "high" and "low" 7 varieties.
1978137,079,273
1979186,295,825
1980134,878,000
198199,107,900
1982105,539,898Cupronickel alloy
198372,596,000
198484,088,000
1985126,618,000
1986156,104,000
1987106,299,000
198875,025,000
1989141,435,538
199042,537,000
199110,931,000
199253,732,000125th anniversary of the Confederation of Canada; this nickel is dated 1867–1992.
199386,877,000
199499,352,000
199578,780,000
199636,686,000This figure includes the "near" and "far" 6 varieties.
199727,354,000
1998156,873,000
1999124,861,000About 20,000 coins were minted with a "P" mark under Elizabeth's portrait on the obverse.
2000108,514,000
2000 P2,300,000The "P" mark under Elizabeth's portrait on the obverse refers to the nickel plated steel alloy.
200130,035,000
2001 P136,650,000The "P" mark under Elizabeth's portrait on the obverse refers to the nickel plated steel alloy.
2002 P135,960,000Elizabeth II Golden Jubliee; dated 1952–2002
200361,392,18015
2003 P31,388,92116The "P" mark under Elizabeth's portrait on the obverse refers to the nickel plated steel alloy.
2004 P123,925,000
2005 P148,082,000
2005 P WWII ANV59,269,1921760th anniversary of the end of World War II; this nickel is dated 1945–2005.
200643,008,000
2006 P184,874,000
2007221,472,000
2008278,530,000
2009266,448,000
2010126,800,000
2011230,328,000
2012202,944,000
201378,120,000
201466,364,000
201587,360,000
2016140,952,000
2017126,680,000
2017 150th Anv20,000,00018150th anniversary of the Confederation of Canada; this nickel is dated 1867–2017.
201887,528,000
201992,736,000
202031,752,000
202168,376,00019
202283,328,000

Charles III

YearMintageNotes
202328,422,000First year of issue with a bust of Charles III facing left as per custom
2024TBA

Commemoratives

DateMintageReason
199825,00090th anniversary of the Royal Canadian Mint (matte finish)
199825,00090th anniversary of the Royal Canadian Mint (mirror finish)
200159,573Sesquicentennial of Canada's first postage stamp
200125,834125th anniversary of the Royal Military College
200222,64685th anniversary of the Battle of Vimy Ridge (World War I)
200333,490Elizabeth II (Golden Jubilee)
200420,01960th anniversary of D-Day20
200542,79260th anniversary of the end of World War II; this nickel is dated 1945–2005.21
20104,99675th anniversary of Canada's Voyageur Silver Dollar
20116,000100th anniversary of George V on Canadian coins
20178,017150th anniversary of the Confederation of Canada (Centennial rabbit; 2017 version)
201720,000150th anniversary of the Confederation of Canada (our home and native land)
20175,500150th anniversary of the Confederation of Canada (the forgotten 1927 designs)
202015,00075th anniversary of VE-Day22
2023952,000Elizabeth II (Platinum Jubilee)

Collecting

According to author Allen G. Berman, Canadian nickels struck in pure nickel are "very difficult to grade" due to the alloy's hardness.23 Five-cent coins dated 1921 are among the rarest and most collectible Canadian circulation coins, known as "the Prince of Canadian Coins." Estimates of the number of specimens known range between 400 and 480. In May 1921, the government of Canada passed an act authorizing the change to the larger nickel coin, and subsequently the majority of the 1921 mint run was melted down.24 The coin believed to be the finest-known specimen (PCGS MS-67) sold for US$115,000 at auction in January 2010.25 It was then sold by the Canadian Numismatic Company for $160,000 to a private collector in early 2012.

See also

  • Canada portal
  • Money portal
  • Numismatics portal

Notes

References

  1. "Industrious, enduring–the 5-cent coin". mint.ca. Royal Canadian Mint. Archived from the original on January 12, 2020. Retrieved November 26, 2022. https://web.archive.org/web/20200112045936/https://www.mint.ca/store/mint/learn/5-cents-5300006

  2. "5 cents". Royal Canadian Mint. Retrieved November 19, 2022. https://www.mint.ca/en/discover/canadian-circulation/5-cents

  3. "Industrious, enduring–the 5-cent coin". mint.ca. Royal Canadian Mint. Archived from the original on January 12, 2020. Retrieved November 26, 2022. https://web.archive.org/web/20200112045936/https://www.mint.ca/store/mint/learn/5-cents-5300006

  4. "5 cents". Royal Canadian Mint. Retrieved November 19, 2022. https://www.mint.ca/en/discover/canadian-circulation/5-cents

  5. "Industrious, enduring–the 5-cent coin". mint.ca. Royal Canadian Mint. Archived from the original on January 12, 2020. Retrieved November 26, 2022. https://web.archive.org/web/20200112045936/https://www.mint.ca/store/mint/learn/5-cents-5300006

  6. "5 cents". Royal Canadian Mint. Retrieved November 19, 2022. https://www.mint.ca/en/discover/canadian-circulation/5-cents

  7. Cuhaj, George S., ed. (November 29, 2012). Standard Catalog of World Coins 1801-1900 (7th ed.). Krause Publications. p. 156. ISBN 978-1440230851. 978-1440230851

  8. Michael, Thomas, ed. (July 29, 2016). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. p. 310. ISBN 978-1440246548. 978-1440246548

  9. "5 cents". Royal Canadian Mint. Retrieved November 19, 2022. https://www.mint.ca/en/discover/canadian-circulation/5-cents

  10. Michael, Thomas, ed. (July 29, 2016). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. pp. 311–312. ISBN 978-1440246548. 978-1440246548

  11. One "1944" dated coin is known to have survived in Tombac.

  12. Michael, Thomas, ed. (July 29, 2016). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. pp. 311–312. ISBN 978-1440246548. 978-1440246548

  13. Michael, Thomas, ed. (July 29, 2016). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. pp. 311–312. ISBN 978-1440246548. 978-1440246548

  14. Michael, Thomas, ed. (July 29, 2016). 2017 Standard Catalog of World Coins 1901-2000 (44th ed.). Krause Publications. pp. 311–312. ISBN 978-1440246548. 978-1440246548

  15. Cross, W. K. (July 2005). A Charlton Standard Catalogue Canadian Coins (60th ed.). Charlton Press. p. 98. ISBN 978-0889682979. 978-0889682979

  16. Cross, W. K. (July 2005). A Charlton Standard Catalogue Canadian Coins (60th ed.). Charlton Press. p. 98. ISBN 978-0889682979. 978-0889682979

  17. Michael, Thomas, ed. (July 13, 2016). 2017 Standard Catalog of World Coins 2001-Date (11th ed.). Krause Publications. p. 236. ISBN 978-1440246555. 978-1440246555

  18. Royal Canadian Mint (2017). 2017 Annual Report – Delivering Results (PDF) (Report). p. 86. Retrieved November 20, 2022. https://www.mint.ca/globalassets/about/company/reports/2017/2017-annual-report_delivering-results-eng.pdf

  19. Royal Canadian Mint (2021). Annual Report 2021 - Strong Today, Ready for Tomorrow (PDF) (Report). p. 101. Retrieved November 24, 2022. https://www.mint.ca/globalassets/about/company/reports/2022/rcm_ar_2021_eng_final.pdf

  20. A circulating version of this coin celebrating the end of World War II later appeared in 2005.

  21. This nickel came in a set, was struck in silver, and features George VI on the obverse with the original Morse code edge. 6,065 of these coins were also struck in gold-plating.

  22. This coin is identical to its D-Day 60th anniversary counterpart, but is dated 1945–2020.

  23. Berman, Allen G. (2002). Warman's Coins & Paper Money: A Value & Identification Guide. Krause Publications. p. 120. ISBN 9780873493437. 9780873493437

  24. Haxby, J. A.; Willey, R.C. (2003). Coins of Canada (21st ed.). Toronto: Unitrade Press. ISBN 1-894763-09-2. 1-894763-09-2

  25. "Canada: George V 5 Cents 1921,... Canada | Lot #20069". Heritage Auctions. https://coins.ha.com/itm/canada/canada-george-v-5-cents-1921-/a/3008-20069.s