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The Canada 5 cents coin from 1926, cataloged as KM#29, stands as a fascinating example of early 20th-century Canadian numismatics. This coin, notable for its distinct features and historical significance, offers a glimpse into Canada's coinage during the Roaring Twenties—a decade marked by significant economic and social changes. The 1926 5 cents coin is particularly recognized for its unique design variations, including the "near 6" variety, which adds to its interest and value among collectors.
The 1926 5 cents coin was produced by the Royal Canadian Mint, which had been established in 1908 to meet the growing demand for Canadian coinage independent of the British Royal Mint. This period was crucial in solidifying the mint’s role in producing high-quality Canadian coins. The 1926 issue was part of the ongoing series of five-cent coins featuring designs that reflected Canada's British heritage and its own emerging national identity.
On the obverse of the 1926 5 cents coin, the portrait of King George V is featured, a design that had been in use since 1911. King George V is depicted in a left-facing profile, wearing the crown and robes of the Order of the Garter. The inscription around the portrait reads "GEORGIVS V DEI GRA: REX ET IND: IMP:," which stands for "George V, by the Grace of God, King and Emperor of India." This inscription emphasizes George V's role as a British monarch and reflects the continued influence of British royal symbolism on Canadian coinage. The detailed engraving of the king’s portrait demonstrates the high level of craftsmanship and attention to detail characteristic of the Royal Canadian Mint during this era.
The reverse of the 1926 5 cents coin features a design that is both emblematic and distinctive. The central element of the reverse is a beaver, a symbol of Canada’s fur trade and an important national emblem. The beaver is shown in a naturalistic pose, sitting on a log and chewing on a twig. Above the beaver, the denomination "FIVE CENTS" is inscribed, with the date "1926" positioned below. The entire design is framed by a simple but elegant border, contributing to the coin’s classic appearance. The "near 6" variety of this coin refers to a subtle but notable variation in the design where the lower loop of the 6 in the date is closer to the 2, adding a unique feature to the coin's appearance.
The 1926 5 cents coin is composed of nickel, a material known for its durability and resistance to corrosion. This choice of metal was common for low-denomination coins, balancing both cost and practicality. The coin has a diameter of 21.2 mm and weighs approximately 4.54 grams. The use of nickel ensures that the coin was suitable for everyday circulation and able to withstand the wear and tear of daily use.
The mintage of the 1926 5 cents coin was relatively modest, with the total number of coins produced estimated to be around 2.5 million. This limited mintage contributes to the coin's appeal among collectors, especially in higher grades or with specific design variations like the "near 6" variety. Despite the relatively higher production compared to some other years, the unique features of the 1926 issue make it a valuable addition to any collection.
In terms of condition, the 1926 5 cents coin described as Very Good (VG) exhibits noticeable wear, with the design elements showing some flattening and erosion. In VG condition, the coin will display significant but legible details, with the portrait of King George V and the beaver design remaining discernible. The coin may have visible scratches or marks, and the high points of the design will show signs of wear. Despite these imperfections, the coin retains its historical value and significance, making it an interesting piece for collectors and historians alike.
The Canada 5 cents 1926 KM#29 coin, with its distinctive "near 6" variety and historical context, represents an important part of Canadian numismatic heritage. The combination of its design, material, and limited mintage contributes to its appeal, while its condition provides insight into the coin's journey through circulation. As a reflection of Canada’s coinage during the early 20th century, the 1926 5 cents coin remains a noteworthy piece in the study and collection of Canadian currency.