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The Canada 5 Cents 1916 KM#22 coin is steeped in the historical context of World War I, representing a period when Canada was deeply involved in global affairs and experiencing significant changes domestically. Minted in silver, this coin reflects the resilience and steadiness of Canadian society during a tumultuous time, offering a glimpse into the era's economic and cultural dynamics. The year 1916 falls in the middle of the war years, a time when the impact of the conflict was felt acutely across the Canadian economy and among its populace.
On the obverse, the coin features the dignified portrait of King George V, designed by Sir E. B. MacKennal. This depiction of the monarch is a symbol of the unity and strength that the British Empire sought to project across its territories during the war. The consistent use of King George V's image on Canadian coins during this period helped reinforce Canada's ties to Britain, serving as a daily reminder of the country's contributions to the war effort. The reverse design showcases the emblematic beaver on a log, a national symbol of Canada's industriousness and natural wealth. This design has been a fixture on Canadian five-cent pieces and is celebrated for its embodiment of Canadian perseverance and hard work.
This particular piece is struck from silver, which was the standard for Canadian nickels of this era, chosen for its durability and the confidence it inspired as a store of value. Silver coins like this were essential for maintaining public trust in the currency during uncertain times. As such, these coins were designed to withstand the rigors of everyday commerce, and over decades, they often develop a distinctive patina that adds to their historical and aesthetic appeal.
The condition of this coin is graded as Very Fine (VF), meaning it exhibits moderate wear on high points of the design but maintains a majority of its original details. The slight wear includes softening of King George V’s regal features and some flattening of the intricate details of the beaver and the log on which it sits. However, the overall integrity of the design is preserved, allowing the coin's historical significance and fine details to be appreciated by collectors and historians alike.
The mintage of the 1916 5-cent coin was adequate to meet the needs of the Canadian public during the war, but today, examples in VF condition are increasingly scarce. Many of these coins have been lost to time or heavily circulated, and those that survive with clear details are prized for their historical value and connection to an era of significant national challenge and change.
In conclusion, the Canada 5 Cents 1916 KM#22 VF silver coin is more than just a piece of currency; it is a reflection of Canadian resilience and endurance during one of the most challenging periods in history. Its well-preserved state, combined with its significant design and the context of its issuance, makes it an invaluable piece for any collection, offering a window into the social and economic conditions of Canada during World War I.