One of the earliest numismatic collection was the Olympic five- and ten-dollar coins for the 1976 Montreal Olympics. Starting in 1973, the RCM issued four coin sets (two five-dollar coins and two ten-dollar coins). At the behest of the federal government, led by Prime Minister Pierre Elliott Trudeau, it was agreed that these coins would help finance while commemorate the 1976 Summer Olympics. The plan was to have thirty coins, twenty-eight silver coins with face values of $5 and $10, and two gold coins with face values of $100. They are the first of the modern Olympic coins with face values of one hundred dollars.[1] Due to the incredibly high mintage (over 20 million coins were produced), these coins have no investment value whatsoever. Most of these coins today are usually sold for their silver content.
After the Olympic coin venture, the numismatic line expanded to include $100 gold coins. These were premium coins that sold for higher than face value. The common issue price from 1977 to 1979 ranged from $140 to $180. The cases for these coins tended to be brown or black leatherette cases with maroon or blue inserts, and a certificate of authenticity. Of all these coins, the only one that had any significant increase in value on the secondary market was the 2002 Alberta Strikes Oil coin.
Heading into the 1980s, the Olympics returned to Canada. The city of Calgary hosted the 1988 Winter Olympics. Starting in 1985, the federal government, under the leadership of Prime Minister Brian Mulroney, issued a ten-coin set to help finance and commemorate the Olympic games. These coins were issued in proof quality only and were sold with the partnership of the Royal Bank of Canada. Part of the agreement with Royal Bank was that these coins could be redeemed for their face value. Unlike the Montreal coins, mintage was limited to 5,000,000 coins; this would mark the first time that any silver coin had edge lettering on it, with the inscription reading "XV OLYMPIC WINTER GAMES – JEUX D'OLYMPIQUES D'HIVER"
On February 23, 2007, the Royal Canadian Mint held a press conference in Calgary, Alberta, to announce the release of the Vancouver Olympic commemorative coins. The denomination for the Vancouver Olympic coins is twenty-five dollars.[2] The twenty-five dollar coins are the first modern Olympic coins ever to have a hologram on the reverse.
1976 Montreal Summer Games
Most numismatists agree that the first true numismatic collection was the Olympic five- and ten-dollar coins for the 1976 Montreal Olympics[citation needed]. Starting in February 1973, the Royal Canadian Mint (RCM) engaged in a very ambitious program. At the behest of the federal government, led by then-Prime Minister Pierre Elliott Trudeau, it was agreed that these coins would help finance and commemorate the 1976 Summer Olympics.
The plan was to have thirty coins, twenty-eight silver coins with face values of $5 and $10, and two gold coins. This would signify the first time that the RCM issued coins with face values of $5 and $10 since 1914. These coins would be categorized into seven series with each series configured into four coin sets (two five dollar coins and two ten dollar coins).[3] The seven series were constituted as follows:
Geographic
Olympic Motifs
Early Canadian Sports
Olympic Track and Field Sports
Olympic Water Sports
Olympic Team and Body Contact Sports
Olympic Souvenirs
The $10 denomination coins have a gross weight of 48.600 grams while the $5 denomination coins have a gross weight of 24.300 grams. Each coin is 92.5% silver for a net silver weight of 44.955 grams (1.4453 troy ounces) and 22.478 grams (0.7227 troy ounces) of silver respectively.[4]
A key highlight of these coins were the standardized designs and the unique finishes. All 28 coins were styled in a similar fashion. The top aspect of the coin had the Olympic logo, its denomination, and the wording in the same spot.[5] The finishes consisted of two different styles that had never been used on Canadian coinage. The first finish was a satin or frosted effect which adorned the coin. The second finish was a proof finish, which consisted of frosted lettering and a design set off against a brilliant mirror field. The RCM had to obtain special equipment to achieve the desired finish.[3]
A very limited number of the $5 and $10 coins were initially sold by the bank in styrofoam packing and the coins were NOT encapsulated. The coins could be purchased loose, and individually
Heading into the 1980s, the Olympics would return to Canada. The city of Calgary would host the 1988 Winter Olympics. Starting in 1985, the Federal Government, under the leadership of then-Prime Minister Brian Mulroney, issued a ten coin set to help finance and commemorate the Olympic games. In similar style to the Montreal Olympics, the RCM would introduce coins with a face value that had never been used before. Said coins would feature a $20 face value. These coins were issued in Proof quality only, and were sold with the partnership of the Royal Bank of Canada. Unlike the Montreal coins, mintage was limited to 5,000,000 coins and this would mark the first time that any silver coin had edge lettering on it. Said lettering was 'XV OLYMPIC WINTER GAMES - JEUX D'OLYMPIQUES D'HIVER.' [6] There are existing varieties that have missed the edge lettering process.[7] The 10 coins were also available in a green felt case with an Olympic logo on the outside and a Royal Canadian Mint medallion on the inside. The cost was $370. The medallion could be removed and the gold coin, offered separately, could be placed into its place. The numbered and signed Certificate of Authenticity was included in the cases internal cover recess. The entire case was fit into a white cardboard sleeve with the Olympic logo on the outside.
The International Olympic Committee decided to commemorate the Centennial of the Olympic Games by issuing a coin set. This was a collaborative effort with five Mints contributing coins. The first three coins were issued by the RCM in 1992. The other Mints included Austria, Australia, France, and Greece.
Two of the coins were silver with a face value of $15 while the third coin was gold and had a face value of $175. The $15 coins were sold individually or in a set. The individual coins were packaged in a burgundy leatherette case while the set was featured in a wooden display case. Both $15 coins featured lettering on its edge: CITIUS, ALTIUS, FORTIUS.[8] The $175 coin featured a Certificate of Authenticity signed by Juan Antonio Samaranch. The lettering on its edge was the same as the lettering found on the silver coins. There are a few very rare examples of these coins with a plain edge (no edge lettering). These plain edge coins were once held by the investment firm responsible for the $50 million Ohio Coingate Scandal.
Speed Skater, Pole Vaulter, Gymnast - Plain Edge Variety
David Craig
Less than 25
Spirit of the Generations
Stewart Sherwood
Included in mintage of first coin
Flame
22,092
$175.00
$429.75
16.97 grams
91.6% Au/8.4% Ag
2004-2016 Olympics
Circulation coins
Lucky Loonie
For the first time, the 2010 Olympic Lucky Loonie does not have a loon on it, instead has the 2010 Vancouver winter Olympic symbol ilanaaq, an inukshuk.
This coin was to commemorate Canada's Olympic Hockey Gold Medal Victory in Men's and Women's Hockey at the 2002 Salt Lake City Winter Olympics. It was part of the Going for the Gold Set, which included Olympic stamps and MacLean's magazine. Another feature of the coin was that it was a double dated coin featuring the years 1987 (to recognize the first year of production) and 2002.
The Vancouver 2010 Olympic Circulation Coin Program consists of 17 coins: 15 quarters and 2 Loonies.[12] The D.G. Regina inscription will be removed from the Queen's effigy, making the 25-cent coins one of the few "godless circulating coins", a rare event in Canadian coinage.[13] The first circulating $1 coin will be dated 2008 but the obverse will be the standard effigy of Queen Elizabeth II by Susanna Blunt with the wording "ELIZABETH II" and "D.G. REGINA" with the Circle M privy mark.[13]
2007 Five different Olympic commemoratives were minted for circulation.
All of these coins were also made available at service stations, encapsulated on a credit card-sized card. Many pressings of the Alpine Skiing coin released to service stations and to special 2010 Winter Olympic "coin boards" in October 2007 were the victim of a pressing error called a mule, with a 2008 obverse accidentally minted rather than the expected 2007. According to the Royal Canadian Mint, "sports cards" and 10,000 "coin board" sets were released with the error before it was caught.[note: the 2007 Alpine Skiing colour quarters were later struck with the correct 2007 die]. A similar mule occurred with the Wheelchair Curling issue, with an obverse featuring the standard Vancouver 2010 logo being used instead of the Paralympic logo. Both coins subsequently found demand in the collectors market.[14] 2009 bobsleigh mules have also been found in circulation and colourized carded coins.
2008 Three different Olympic commemoratives were minted for circulation.
Year
Sport
Artist
Mintage
Release date
2008
Snowboarding
Glen Green
22,400,000
February 20
Freestyle Skiing
April 16
Figure Skating
November 18
2009 Five different Olympic commemoratives are planned for circulation. The proposed medalist coins are now the Olympic moments coins, and three million of each moments coins will have red colouring.[15]
The Royal Canadian Mint and the International Olympic Committee have reached an agreement on Olympic Gold and Silver Maple Leaf coins. The announcement was made on August 3, 2007 and the agreement allows the RCM to strike bullion coins with the emblems of the 2010 Olympic and Paralympic Games.[19] The issue will consist of two coins: one Gold Maple Leaf coin and a Canadian Silver Maple Leaf coin and both coins will feature the date of 2008. The new agreement means that the RCM is now selling Olympic coins through all of its major business lines: bullion, circulation, numismatics.[19]
2010 Winter Paralympics
Two commemorative circulation coins for the 2010 Winter Paralympics were issued. They are listed on the above chart but are also listed separately for easier reference.
Each Mascot coin features each of the Vancouver 2010 Olympic and Paralympic mascots: Miga, Quatchi and Sumi. But no coin features Mukmuk, a "sidekick" of these mascots.
Year
Mascot
Diameter
Weight
Issue price
2008
Miga
23.88mm
4.4 g
$15.95
2008
Quatchi
2008
Sumi
Mascot Sport Poses
Each Mascot sport pose coin features either or both Miga and Quatchi and single Sumi. But no coin features Mukmuk, a "sidekick" of these mascots. All coins had a face value of 50 cents, were packaged in a plastic sleeve, and the issue price was $9.95.
1 2 “14 circulating coins included in 2010 Olympic program”, Evans, Canadian Coin News, January 23 to February 5, 2007 issue of Canadian Coin News
↑ "Catching the mule, again", Bret Evans, Canadian Coin News, November 27 to December 10, 2007, p. 1.
↑ Canadian Coin News, "Colourized Olympic Moment coins to circulate alongside plain versions", p.1, Volume 47, Number 14, October 27 to November 9, 2009
↑ Canadian Coin News, "Engraved 2 variety an instant 25-cent key date", p.1, Volume 47, Number 18, December 22 to January 4, 2010 & Canadian Coin News, "Mint sticking to guns on variety report", p.31, Volume 47, Number 19, January 5 to January 18, 2010
↑ Canadian Coin News, "Engraved 2 variety an instant 25-cent key date", p.1, Volume 47, Number 18, December 22 to January 4, 2010 & Canadian Coin News, "Mint sticking to guns on variety report", p.31, Volume 47, Number 19, January 5 to January 18, 2010
↑ Canadian Coin News, Volume 47, No. 19, January 5 to 18, 2010, p.17
1 2 “Maples will sport Olympic Rings”, Bret Evans, Canadian Coin News, September 4 to September 17, 2007
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