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The Newfoundland 10 cents 1938 KM#20 VF silver coin is a captivating piece of Canadian numismatic history. Minted in 1938, this coin holds significance as one of the last issues of Newfoundland's own currency before it became a province of Canada in 1949. The coin's design, composition, minting facility, mintage, and condition offer valuable insights into the economic and cultural landscape of Newfoundland during this period.
Designed by Thomas Humphrey Paget, an English medal and coin designer, the Newfoundland 10 cents coin features a simple yet elegant design. The obverse of the coin depicts the bust of King George VI facing left, surrounded by the inscription "GEORGIVS VI D:G:REX ET IND:IMP:" which translates to "George VI, by the Grace of God, King and Emperor of India."
On the reverse of the coin is the denomination "10 CENTS" surrounded by a wreath of Newfoundland pine cones and sprigs. Below the wreath is the date "1938," indicating the year of minting. The design reflects Newfoundland's natural beauty and resources, with the pine cones symbolizing the province's forestry industry.
This particular coin is graded as VF, or Very Fine, indicating that it is in decent condition with moderate wear visible under close inspection. Coins in VF condition typically exhibit wear on the high points of the design, with some loss of detail and definition. Despite its wear, the coin retains its overall shape and integrity, making it a tangible link to Newfoundland's past.
The Newfoundland 10 cents 1938 KM#20 VF silver coin is composed of 80% silver and 20% copper, giving it a distinctive silver appearance. The use of silver in the coin's composition adds to its appeal as a collectible item and contributes to its intrinsic value.
During the mid-20th century, coins like the Newfoundland 10 cents were commonly circulated in everyday transactions, serving as essential currency for commerce and trade. While these coins were not packaged in any special manner for distribution, they would have been handled and circulated alongside other denominations in daily transactions.
The Newfoundland 10 cents coin was minted at the Royal Mint in London, England, which produced coinage for Newfoundland until the province joined the Canadian Confederation in 1949. Mintages for the 1938 issue of the Newfoundland 10 cents coin were relatively high compared to earlier years, reflecting the continued demand for small-denomination coins during this period.
Exact mintage figures for the 1938 Newfoundland 10 cents coin vary, but they are generally higher compared to earlier years of production. Despite their higher mintage, examples of this coin in VF condition are still sought after by collectors due to their historical significance and relatively good condition.
In summary, the Newfoundland 10 cents 1938 KM#20 VF silver coin is a valuable artifact of Canadian numismatic history. Its elegant design, decent condition, silver composition, and association with Newfoundland's pre-Confederation currency make it a desirable addition to any numismatic collection. Whether as a standalone piece or as part of a larger collection, this coin offers a tangible connection to Newfoundland's past and its transition to becoming part of the Canadian nation.