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The 1938 Canada 10 Cents Silver coin, graded MS64 by PCGS, is a notable example from Canada's early 20th-century numismatic history. The coin, part of the country's regular circulation series, features an intriguing design and was produced in significant quantities, though examples in higher grades such as MS64 are considered more rare and desirable among collectors. The year 1938 marked an important period in Canadian coinage, reflecting both the historical and aesthetic shifts within the Royal Canadian Mint's design strategies. This particular coin stands out due to its excellent preservation and the high quality of its minting, factors that contribute to its status among Canadian numismatics.
Designed by Canadian artist Emanuel Hahn, the 1938 10-Cent Silver coin features a distinct and well-recognized image of the Bluenose schooner, a symbol of Canada’s maritime heritage and pride. The reverse of the coin shows the Bluenose in full sail, a powerful and iconic image of one of Canada's most famous vessels, which was originally a fishing schooner built in Lunenburg, Nova Scotia. The obverse of the coin features the effigy of King George VI, who ruled from 1936 until his death in 1952. This design was adopted during his reign as part of a broader set of Canadian coins featuring his likeness, replacing the earlier George V effigy. This coin is a representation of Canada’s identity during the early years of King George VI’s reign, combining both maritime symbolism and the monarchy.
The coin is made from 80% silver, with a diameter of 18.03 millimeters and a weight of 2.33 grams. These specifications make the coin a standard silver issue of the time, designed for everyday circulation. However, as with many historical Canadian coins, it is the preservation of this coin in high-grade form that increases its desirability among collectors. The MS64 grade from PCGS indicates that this coin has been preserved with minimal wear and retains a high degree of its original luster and detail, showing only minor imperfections that do not detract significantly from its visual appeal.
In terms of mintage, the 1938 10 Cents Silver coin was struck in substantial numbers, with millions of coins entering circulation. The large mintage of the 1938 issue means that many coins from this year are still available, but higher-grade examples such as MS64 are significantly more scarce. Coins in higher grades, like MS64, are those that have been well-preserved through the years, avoiding the usual wear and tear experienced by most coins in circulation. The relatively low availability of these high-grade examples adds to the demand for coins such as the 1938 MS64 PCGS-certified 10 Cents Silver coin among collectors.
The condition of the coin, graded MS64 by PCGS, plays an important role in its desirability. Coins in this grade are considered excellent examples, displaying only slight marks or blemishes that do not distract from the coin’s overall appeal. An MS64-grade coin typically has sharp details, clear, well-defined features, and minimal signs of handling or wear. The high level of preservation seen in this example ensures that the coin maintains its aesthetic value, which is particularly important for collectors seeking pieces of historical significance in optimal condition.
The 1938 10 Cents Silver coin is an important piece within Canadian numismatics due to its historical and artistic significance. The Bluenose schooner, which graces the reverse of the coin, is a symbol of Canada's maritime history and remains an enduring icon. Combined with the royal portrait of King George VI, this coin is a reflection of Canada’s national identity during the years leading up to World War II. For collectors, the MS64 grade makes this coin even more valuable, as it stands out from the typical circulated examples. The preservation of this coin, alongside its unique design elements, makes it a must-have for enthusiasts of Canadian coins and those interested in the evolution of numismatic design during the reign of King George VI.