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The Canada 1 Dollar 1986, identified as KM#120.1, is a significant piece of Canadian numismatic history that reflects both the artistry and the cultural heritage of the nation. Minted in 1986, this coin is part of the larger series that features the iconic common loon, which has become synonymous with Canadian identity. The one-dollar coin, commonly known as a “loonie,” is not only functional currency but also serves as a representation of Canada’s rich wildlife and natural beauty.
The historical context of the 1986 one-dollar coin is crucial for understanding its significance. The early to mid-1980s was a transformative period for Canada, marked by economic challenges, including inflation and changing international markets. During this time, the Canadian government sought ways to modernize its currency system and promote national pride. The introduction of the loonie was part of a larger initiative to create a more recognizable and uniquely Canadian currency, moving away from the traditional paper bills that had dominated Canadian finance. The 1986 one-dollar coin played an essential role in this transition and helped pave the way for the subsequent release of the loonie in 1987.
The design of the Canada 1 Dollar 1986 is a beautiful representation of Canadian craftsmanship. The obverse of the coin features a portrait of Queen Elizabeth II, created by renowned engraver Arnold Machin. This detailed portrayal captures the queen's dignified presence and has become an enduring image in Canadian coinage. Surrounding the portrait are the inscriptions “ELIZABETH II D.G. REGINA,” which translates to “Elizabeth II, by the Grace of God, Queen and Ruler.” This inscription reinforces the historical ties between Canada and the British monarchy, serving as a reminder of the nation’s colonial heritage.
On the reverse side of the coin, the design prominently features a common loon swimming on a tranquil lake. This striking image, designed by artist Robert-Ralph Carmichael, encapsulates the essence of Canada’s natural environment and wildlife. The loon is portrayed in a graceful manner, symbolizing the peace and beauty of Canada’s lakes and forests. The reverse of the coin also includes the year of minting, “1986,” as well as the denomination “1 DOLLAR,” clearly identifying the coin’s purpose and date.
Manufactured from nickel-brass, the 1986 Canada 1 Dollar coin weighs approximately 7.0 grams and has a diameter of 26.5 mm. This composition not only gives the coin its distinctive golden appearance but also ensures its durability, making it suitable for everyday transactions. The choice of materials enhances the coin’s longevity, allowing it to withstand the rigors of circulation while maintaining its aesthetic appeal.
The minting of the 1986 one-dollar coin took place at the Royal Canadian Mint, an institution renowned for its quality craftsmanship since its establishment in 1908. The mint has a long-standing tradition of producing high-quality coins, and the 1986 one-dollar coin is no exception. With a total mintage of approximately 5 million coins, this particular dollar coin was widely circulated, making it relatively accessible to collectors and the general public alike. However, proof versions of the coin, designated as PF, were struck with special care to create a mirror-like finish, enhancing their collectibility and aesthetic appeal.
The proof version of the Canada 1 Dollar 1986 is particularly sought after by collectors due to its exceptional quality and striking design. The proof finish showcases the intricate details of the coin, making it a favorite among numismatists who appreciate high-quality specimens. The combination of the coin's historical significance, beautiful design, and superior quality makes it a desirable addition to any collection.
Throughout the years, the Canada 1 Dollar 1986 has garnered attention not only for its artistic merit but also for its cultural relevance. The loonie has evolved into a symbol of Canadian identity, representing the nation’s commitment to preserving its natural beauty and wildlife. This coin serves as a tangible connection to Canada’s past and encapsulates the spirit of its people during a time of economic and social change.
In conclusion, the Canada 1 Dollar 1986 KM#120.1 PF is a notable piece of numismatic heritage that showcases the artistry and cultural significance of Canada. With its intricate design, high-quality minting, and rich historical context, this coin embodies the essence of Canadian identity. Whether for investment or collection, the 1986 one-dollar coin remains a valuable and meaningful addition to any numismatic collection, celebrating the beauty and diversity of Canada’s natural landscape and wildlife.