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All Posts Tagged With: "Allegory"

Coin Profile : Royal Canadian Mint 5-Oz Gold Coin – 75th Anniversary of the First Bank Notes (2010)

A reproduction of the allegory that appeared on the original 1935 $500 bank note

[ CoinLink News ] At a time when so many new coin releases exhibit such uninspired design, we can across this incredible beauty being offered by the Canadian Mint in a Limited Mintage of 200 pieces.

Perhaps we have just “classical” taste for the rich allegorical figures of yesteryear which seems to impart an importance to the design, or it may be that the “clip art” mentality exhibited on most modern coins just leaves us cold. In any case, this 5 oz gold just struck a cord, and provides us with a reminder of what exceptional coinage could, and should look like.

The design is a reproduction of the allegory that appeared on the original 1935 $500 bank note; a seated woman holding a sickle surrounded by the fruits of harvest to symbolize fertility.

This is the fourth time that the Mint has produced a 5oz gold coin. Previous issues: 2007 – Queen’s 60th Wedding Anniversary, 2008 – 100th Anniversary of the Royal Canadian Mint and 2009 – 150th Ann. of beginning of Construction of Parliament Buildings.

The Bank of Canada began operating 75 years ago in 1935 and was given responsibility to regulate the country’s money supply and to “promote the economic and financial welfare of Canada.” Accordingly, it was given the exclusive right to issue Canada’s bank notes. On March 11, 1935, the Bank of Canada issued its first series of bank notes.

The inaugural series of 1935 included denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. (A $25 note was issued later in 1935 to commemorate the silver jubilee of King George V).

The front of the notes featured a portrait of a member of the royal family or of a former Canadian prime minister while allegorical figures representing Canada’s growing agricultural, industrial and commercial prosperity appeared on the back. Each denomination was available in English or French, a practice that ended with the introduction of bilingual notes in 1937.