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The Newfoundland 1 Cent coin of 1936, cataloged as KM#16, is a remarkable piece of numismatic history that reflects both the cultural heritage and economic circumstances of Newfoundland during the early 20th century. Struck at a time when Newfoundland was still a separate dominion before joining Canada in 1949, this coin serves as an important artifact that encapsulates the region's unique identity and its relationship with currency.
The design of the 1936 Newfoundland 1 Cent coin features a distinctive representation of the caribou, a symbol that is deeply associated with the natural landscape and wildlife of the region. The obverse showcases a portrait of King George V, who ruled the British Empire during the time the coin was minted. His image, facing left, is surrounded by the inscription “GEORGE V KING EMPEROR,” reflecting the colonial ties of Newfoundland at that time. The use of the monarch's likeness on currency was common practice among British territories, reinforcing the connection to the Crown.
On the reverse side, the caribou is depicted in a naturalistic style, emphasizing the importance of this majestic animal to the culture and economy of Newfoundland. The coin's design includes the denomination “1 CENT” prominently displayed, along with the year of minting, 1936. The simplicity and elegance of the design convey a sense of pride and identity, illustrating the significance of local wildlife in everyday life. The overall aesthetic is complemented by the detailed engraving, which showcases the artistry of coin production at that time.
In terms of mintage, the 1936 Newfoundland 1 Cent coin had a relatively low production compared to other circulating coins, with approximately 1 million pieces struck. This limited mintage contributes to the coin's desirability among collectors today, particularly in higher grades like Extra Fine (XF). Coins in this condition exhibit clear details with only minor wear, making them visually appealing and highly collectible. The 1936 issue is often sought after due to its status as a key date in the Newfoundland series, as it represents one of the last years before the transition to Canadian currency.
The context of Newfoundland's economic situation during the 1930s is essential to understanding the significance of the 1 Cent coin. The Great Depression had a profound impact on Newfoundland, leading to a decline in revenues and financial challenges for the dominion. As a response, the Newfoundland government implemented various measures, including the issuance of its own currency. This coin reflects the practical needs of the population during a time when economic stability was uncertain, serving as a medium for everyday transactions.
The Newfoundland 1 Cent coin, particularly in Extra Fine condition, offers collectors a glimpse into the region's history and its unique position within the British Empire. Collectors appreciate the historical significance of such coins, as they represent a time before Newfoundland became a province of Canada and highlight the distinct identity that the dominion maintained. The 1936 coin is not only a financial artifact but also a piece of cultural heritage that connects collectors to the stories of the people who used it.
Moreover, the popularity of collecting Newfoundland coins has grown over the years, driven by the allure of their historical narratives and artistic designs. The 1 Cent coin, with its rich symbolism and craftsmanship, stands out among other denominations. Its design celebrates the natural beauty of the region while serving as a reminder of Newfoundland's journey through history, including its eventual entry into the Canadian Confederation.
In conclusion, the Newfoundland 1 Cent 1936 KM#16 in Extra Fine condition is a compelling piece that encompasses history, design, and numismatic significance. Its unique portrayal of the caribou and the image of King George V offer a window into the past, reflecting the cultural identity and economic conditions of Newfoundland. For collectors, this coin represents more than just a monetary value; it symbolizes a rich heritage and the enduring legacy of a region that has a unique story within the tapestry of Canadian history.