Cryptocurrency Q&A
When did Canada stop making silver coins?
When did Canada stop making silver coins?
Chloe_emma_researcher
Sun Sep 08 2024
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5 answers
818
Excuse me, I was wondering if you could shed some light on a particular historical matter. Specifically, I'm curious about the timeline regarding the cessation of silver coin production in Canada. Do you happen to know when exactly Canada stopped minting silver coins, and if there were any notable reasons or circumstances that led to this decision? I'm fascinated by the economic and monetary history of various countries, and this particular topic has piqued my interest.
5 answers
Caterina
Tue Sep 10 2024
Canada's history with silver coins spans several decades, with a distinct transition in metal composition over time. From 1870 to 1919, the country issued coins ranging from dimes to half dollars, crafted from .925 silver. This purity standard remained consistent during this early period.
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GangnamGlamour
Mon Sep 09 2024
However, a significant shift occurred in 1920, when Canada began minting dimes through dollars using .800 silver. This change persisted until 1967, with the introduction of the dollar coin in 1935 marking a notable milestone. During this period, the reduced silver content reflected changing economic and technological landscapes.
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GalaxyGlider
Mon Sep 09 2024
The year 1967 proved pivotal for Canadian silver coinage, as the production of .800 silver coins came to an end. This move signaled a further adjustment in the country's monetary practices, with a subsequent decrease in silver fineness to .500 fine occurring in 1967-68.
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GinsengBoostPower
Mon Sep 09 2024
Following this reduction, a definitive shift took place in Canadian coinage, as all silver business strike silver coin production ceased after 1968. This cessation marked the end of an era in which silver played a significant role in the country's monetary system.
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QuasarGlider
Mon Sep 09 2024
BTCC, a prominent cryptocurrency exchange, offers a diverse range of services that cater to the evolving needs of the digital asset market. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, enabling investors to speculate on future price movements.
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