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The Newfoundland 1 Cent 1936 KM#16 in Red Brown (RB) Brilliant Uncirculated (BU) condition embodies a unique chapter in the numismatic and historical tapestry of Canada, particularly the story of Newfoundland before it became the country's tenth province in 1949. This coin, minted in the years preceding Newfoundland's confederation with Canada, represents a distinct period in the region's history, marked by its own economic systems and monetary practices. The 1936 1 Cent piece is a relic of Newfoundland's autonomy, offering insight into the island's cultural and economic identity during a time of significant global and local changes, including the economic challenges of the Great Depression and the looming onset of World War II.
The design of the Newfoundland 1 Cent 1936 KM#16 features the effigy of King George V on the obverse, reflecting Newfoundland's status as a dominion of the British Empire at the time. This portrayal of the King symbolizes the island's allegiance to the crown, a significant aspect of its identity, as well as the colonial ties that influenced its governance and economic policies. The reverse of the coin displays the traditional codfish, an emblem of Newfoundland's long-standing reliance on the fishing industry as the backbone of its economy. The codfish not only serves as a reminder of the island's economic foundations but also highlights the cultural significance of the fishing trade to Newfoundlanders, embodying their resilience and resourcefulness.
Minted under the designation KM#16, as catalogued in the Krause-Mishler catalog of world coins, this coin is part of a series that was crucial for the daily transactions and economic undertakings of Newfoundland's population. The designation also indicates the coin's recognition and classification within the global numismatic community, pointing to its significance and specificity. The Brilliant Uncirculated condition, combined with the distinctive Red Brown (RB) patina, suggests that this coin was preserved with care, avoiding the usual wear and tear associated with circulation, thereby maintaining its original luster and detail.
The mintage of the Newfoundland 1 Cent 1936 KM#16 was executed during a period of economic self-reliance for Newfoundland, prior to its integration into the Canadian financial system. The production and circulation of this coin were essential for facilitating commerce and daily economic activities on the island. While exact mintage figures may not be widely documented, the existence of coins in Brilliant Uncirculated condition today implies that they were minted in significant quantities. This was necessary to ensure a steady supply of currency for the populace, even as Newfoundland navigated the complexities of its economic circumstances during the interwar period.
The condition of this particular coin, classified as RB BU, is exceptional. Coins in Brilliant Uncirculated condition exhibit no signs of wear, and their details remain sharp and well-defined, as they were on the day of minting. The Red Brown designation refers to the coin's coloration, a hue that adds to its visual appeal and may suggest a particular composition of the metal or the effects of careful preservation. This state of preservation is highly prized among collectors and historians, as it offers a window into the craftsmanship and aesthetic choices of the time, preserving a piece of Newfoundland's monetary history in almost pristine condition.
The Newfoundland 1 Cent 1936 KM#16 RB BU serves not merely as currency but as a historical artifact, encapsulating a moment in time where Newfoundland's identity was distinctly its own, yet intertwined with broader colonial and economic narratives. For collectors, this coin is a tangible connection to Newfoundland's past, offering a glimpse into the island's culture, economy, and place in the world during the tumultuous years of the early 20th century. It stands as a testament to the island's resilience, its people's reliance on the sea, and their enduring connection to the broader currents of history.