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Canada 2013 Canadian Banknote Art #1 - Hermes and Sailing Ships Allegory - Canadian Bank of Commerce $20 Bank Note $5 Pure Silver Proof

Price: $129.95 $79.95
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04631
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Product Description

FIRST IN A NEW SERIES - and a phenomenal INVESTMENT OPPORTUNITY! This beauteous, low mintage (only 8,500) proof features an allegorical design and a sailing steamship - stuck in pure silver!

Sold out at the Mint! Talisman Coins and the Royal Canadian Mint are proud to bring you this First In A New Series - Canadian Banknote Art! This expertly crafted, pure silver proof is a stunning and unique tribute an early allegorical bank note! This first coin in the Royal Canadian Mint’s exciting new series celebrate vignettes found on historic Canadian banknotes. These incredible scenes are the high artwork of yesteryear! The RCM's traditional engraving has reproduced this art (this time in precious metals, not paper!). These scenes are highly detailed, with various finishes used to create texture and contrast on a mirrored background. All this makes this low-mintage (only 8,500) pure silver proof a must-have work of art for any history buffs, lovers of beauty, and coin and banknote collectors everywhere!

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Click here for all coins in the allegorical Bank of Canada First Banknotes Program!

Canada_1888_Canadian_Bank_of_Commerce_20_Dollar_BanknoteMasterpiece of the Minter's Art - A Classical, Allegorical Design
The allegorical design of this fine silver coin features a seascape-themed vignette from the Canadian Bank of Commerce’s 1888 20-dollar bank note. The scene centers around a youthful figure, probably they young Greek god Hermes (the Roman Mercury), the patron of travelers. The figure leans on a large shell with his left arm, holding in his right hand a caduceus - a staff entwined by two snakes which was often carried by Hermès in the Greek tradition. The symbolic associations of the caduceus include commerce, business and balance. To the left, in the sea behind the central figure, four ships from various eras negotiate the roiling waters, including two sailing ships and two steam-powered vessels. On the right a rocky point juts out into the water. On it stands a tall lighthouse that will guide the vessels to safe harbor. In an ornate frame (derived from scrollwork appearing on the original twenty dollar banknote) the image is surmounted by the face value of 5 DOLLARS.

Please see the articles lower in this presentation for more information and history about the original banknote.

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Investment Note
This is the very first issue in the new precious metals program Canadian Banknote Art, featuring incredibly intricate, traditional designs. This beauty, with its very affordable price and very limited mintage of only 8,500, seems destined to sell out quickly! Get this first ever Banknotes Art silver proof while you can!

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The back (reverse) of the historic 1935 Bank of Canada $10 ten dollar bank note depicts a masterfully engraved vignette featuring the allegorical Goddess of Plenty. Resting leisurely on a classical plinth and dressed in a very comfortable toga, Plenty holds a sickle in one hand. Her feet rest casually on one end of a cornucopia, while all manner of fruits, vegetables, legumes and grains spill forth from the oversize mouth of the horn of plenty behind her. This scene is taken directly from the vignette depicted on the back side of the Bank of Canada 1935 Ten Dollar Bank Note.

Technology Note
The Royal Canadian Mint refines the purest silver in the world. The RCM is also the only mint in the world to issue commemorative coins in a .9999 fineness. This pure silver coin is 99.99% pure!

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Canada 2013 Banknote $5 Pure Silver Proof
Obverse
An allegorical scene depicts the Greek god Hermes and ships in a rough sea. The date and denomination are both indicated.

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Reverse
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") also appears.

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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 full color outer box. An individually-numbered certificate of authenticity is included.

Specifications
Country Canada
Year of Issue 2013
   
Face Value 5 Dollars
Weight 23.17 g
Diameter 36.07 mm
Mintage Limit     8,500
   
Finish Proof
Composition .9999 Fine (Pure) Silver
Edge Serrated (milled, reeded)
   
Artist Royal Canadian Mint engravers
Certificate Individually Numbered

Complete Certificate Text

The Art of Money: 1888 Canadian Bank of Commerce 20-Dollar Banknote
Paper currency as we know it today is a relatively recent phenomenon. The story of its evolution in North America over the last three centuries includes fascinating tales about the development of a highly specialized art form, the ingenuity of human technology, and the ever-changing worlds of banking and economics. and evolution in Canada’s formative era reflects the fascinating and often complex story of Canadian nationalism.

Click here for all coins in the allegorical Miss Canada Program!

The Emergence of Paper Money in North America
The earliest North American paper money was issued in New France in 1685 when, urgently needing to pay colonial soldiers, the Intendant issued promissory notes on paper playing cards. Five years later, the British colony in Massachusetts circulated North America’s first formal paper bills of credit, which made their way as far north as Nova Scotia, where they were used as paper currency.

While the marketplace readily accepted this type of paper currency when it was first issued, the redemption value of the notes was inconsistent, eroding public trust in this form of money. As currency laws and practices changed, however, the popularity of paper money grew among governments, chartered banks, merchants, and the public.

Click here for all coins in the allegorical Bank of Canada First Banknotes Program!

Employing Art to Outsmart Counterfeiters
By the nineteenth century, greater demand for paper money deepened the need to perfect its design in ways that not only reinforced its monetary value but also stopped counterfeiters from undermining its security. Thus by the mid 1800s note engraving and design had become a major business.

Examining a bank note from nearly any nation will reveal several design elements that emerged in the nineteenth century, including the use of line engraving and the presence of portraiture, allegorical imagery, complex calligraphic lettering, and complicated geometric patterns. American Jacob Perkins is credited with popularizing this composite approach in 1799 with his patented stereotype steel plates that combined engraved portraits, vignettes (pictorial and allegorical images), words, and geometric lines on a banknote to create a composition whose complexity made it essentially impossible for counterfeiters to reproduce it.

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The 1888 Canadian Bank of Commerce Notes
Founded by Toronto businessman William McMaster in 1867, the Canadian Bank of Commerce had grown to more than 40 branches in its first 20 years of operation. (It eventually merged with the Imperial Bank of Canada in 1961, forming today’s Canadian Imperial Bank of Commerce.) The Commerce issued a series of notes when it first opened in 1867. Three years later, the Canadian Bank Act (1870) changed the rules about which denominations were permitted to circulate and the Commerce adjusted its issue accordingly in the years that followed.

In 1887, the Commerce issued an innovative 10-dollar note that featured a green tint on its face. Until that time, the face of the bank’s notes had featured black ink overprinted with green. For the first time, the Commerce was adding an overall green tint to the face of its bill in order to foil counterfeiting efforts, which had redoubled with the emergence of photographic technology. Unfortunately, the green ink blurred so badly that the Commerce had to withdraw the notes.

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Turning immediately to the American Bank Note Company (ABNCo) in New York City, the Bank commissioned a new issue using ABNCo’s colourful tints that did not have the same problems as the green ink of the previous issue. On January 2, 1888, the Canadian Bank of Commerce released the new issue of colourful 5-, 10-, 20- and 100-dollar notes. The security of the notes was successful enough that the series design did not change until 1917, when new designs were released in commemoration of the 50th anniversary of the Commerce.

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