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Canada 2010 Bank of Canada Allegorical Banknotes 75th Anniversary - Seated Goddess of Victory, Progress, Technology, Communications and Innovation Vignette $50 5 Ounce Pure Silver Proof

Price: $599.95 $469.95
(You save $130.00)
SKU:
02538
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Product Description

This huge, low mintage (2,000), 5 ounce silver beauty features an allegorical goddess taken from an original 1935 bank note vignette!

Sold out at the Mint! 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 back (reverse) of the historic 1935 Bank of Canada $50 fifty dollar bank note depicts a masterfully engraved vignette featuring the allegorical Goddess of Progress, encompassing elements of Communications, Science, Communications, Innovation and Invention. (Intriguingly, she is also depicted as Nike, the Goddess of Victory, as indicated by the wreath of laurel leaves crowning her head and the lighted torch resting nearby!) Resting leisurely on a large bench of cut stone and clothed in a very comfortable toga and sandals, Progress holds scroll in her hands, while leaning forward, tense and poised. In front of her mouth is an art deco style, Depression-era radio broadcasting microphone on a stand. This scene is taken directly from the vignette depicted on the back side of the Bank of Canada 1935 Fifty Dollar Bank Note.

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Masterpieces of the Minter's Art
This four coin program commemorates the 75th Anniversary of the first Bank of Canada Bank banknotes by faithfully reproducing allegorical vignettes from the 1935-issued notes. Each proof-finish coin has the same denomination as the bill on which the vignette originally appeared, and each scene is finely engraved and meticulously detailed. The four precious metal proofs in this program are:

    Goddess of Plenty $10 Pure Silver Proof
    Goddess of Agriculture $20 Pure Silver Proof
    Goddess of Progress & Technology $50 5 Ounce Pure Silver Proof
    Goddess of Fertility $500 5 Ounce Pure Gold Proof

This listing is for the $50 5 Ounce Pure Silver Proof, which depicts the seated Goddess of Progress, encompassing elements of Communications, Science, Communications, Innovation and Invention. (Intriguingly, she is also depicted as Nike, the Goddess of Victory, as indicated by the wreath of laurel leaves crowning her head and the lighted torch resting nearby!) Resting leisurely on a large bench of cut stone and clothed in a very comfortable toga and sandals, Progress holds scroll in her hands, while leaning forward, tense and poised. In front of her mouth is an art deco style, Depression-era radio broadcasting microphone on a stand. This scene is taken directly from the vignette depicted on the back side of the Bank of Canada 1935 Fifty Dollar Bank Note.

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The Bank of Canada
Less than 100 years ago, "Canadian" paper money existed in a variety of forms; notes that were issued by pre-Confederation (provincial) governments, chartered banks and private banks. In fact, over a period of 175 years, more than 100 such banks existed, each issuing its own denominations, including such odd ducks as $3, $6, $7 and $8 notes.

This all changed when the Bank of Canada arrived on the economic scene in 1935. The Bank was established through an act of Parliament to regulate the country's money supply and to "promote the economic and financial welfare of Canada" . These responsibilities gave it the exclusive right to issue Canada's bank notes, while the notes from chartered banks were gradually removed from circulation.

The Bank of Canada's inaugural notes were introduced on March 11, 1935 and included denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000, with a $25 note issued later that year to commemorate the silver jubilee of King George V.

The designs featured a member of the royal family or former Canadian prime minister on the front, while allegorical figures representing Canada’s growing agricultural, industrial and commercial prosperity appeared on the back. Each denomination was originally available in both English and French until bilingual notes were introduced in 1937.

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Investment Note
Here's a coin with a ton of investment potential, to say nothing of cachet! It's huge (nearly 3 inches in diameter) and stuck in the purest silver refined anywhere in the world - .9999 fine! It's also only the fifth 5 ounce silver coin ever minted by Canada. What's more, it has an extremely low mintage limit of only 2,000! Don't let it sell out on you, get yours today!

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Purity Note
The Royal Canadian Mint refines the purest silver in the world. This five ounce silver coin is 99.99% pure!

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Obverse
Canada 2010 Bank of Canada Allegorical Banknotes 75th Anniversary - Seated Goddess of Victory, Progress, Technology, Communications and Innovation Vignette $50 5 Ounce Pure Silver ProofAn allegorical scene depicts the Goddess of Progress and Technology. The denomination appears in a banknote-style scroll above, while the dual dates 1935-2010 below mark the commemoration.

Reverse
A frosted cameo proof portrait of Her Majesty, Queen Elizabeth II of England, in profile facing right. This portrait, the fourth effigy of the queen to appear on Canadian coinage, was executed by the artist Susanna Blunt. The legend ELIZABETH II D. G. REGINA ("Elizabeth II, Queen by the Grace of God") and mint mark also appear.

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Packaging

The coin is encapsulated inside a burgundy leatherette, clamshell-style presentation case, lined with black velvet and protected by a black outer sleeve. An individually-numbered certificate of authenticity is included.

Specifications
Country Canada
Year of Issue 2010
   
Face Value 50 Dollars
Weight 157.60 g
Diameter 65.25 mm
Mintage Limit     2,000
   
Finish Proof
Composition .9999 Fine (Pure) Silver
Edge Serrated (milled, reeded)
   
Artist Royal Canadian Mint Engravers
Certificate Individually Numbered

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