....... Since 1979, the Royal Canadian Mint has produced gold, silver, platinum, and palladium bullion coins, which are officially known as Maple Leafs, as geometric maple leaves are stamped on them.
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The Royal Canadian Mint (RCM, French: Monnaie royale canadienne) produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations. The mint also designs and manufactures: collector coins; gold, silver, palladium, and platinum (1989–1999) bullion coins; customized medals, tokens, trade dollar watches, and, for a brief time, high end jewellery featuring coin designs. It further offers gold and silver refinery and assay services.
The RCM is a Crown corporation that operates under the legislative basis of the Royal Canadian Mint Act. All monies in Canada are technically issued with the authority of the Canadian monarch; however, all operations are overseen by the President and CEO, or Master of the Mint, who is the senior executive officer of the organization, reporting to a Board of Directors appointed by the Minister of Public Works and Government Services.
The RCM has been at the forefront of currency innovation. Among the mint's technical innovations are its plating process, which consists of a multi-ply technology that allows electromagnetic signatures to be embedded in the coins, assuring readability in the coin-processing industries.[2] Another innovation was the world's first coloured circulation coin, the 2004 Remembrance Day 25¢ piece, with a red poppy on the reverse. Further innovation was achieved with the adaptation of the physical vapour deposition (PVD) technology to coat its dies, extending the life of the die beyond that of past chrome-coated dies.[3]
In October 2008, the RCM was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine.[4] Also in 2008 Canada Post issued a postage stamp in honour of the mint.
Foreign coins
Many foreign countries have had coinage struck at the Royal Canadian Mint, including circulation coins, numismatic coins, and ready-to-strike blanks. The customers have included governments, central banks, and treasuries. In 2005 alone, the RCM manufactured 1.062 billion coins and blanks for 14 countries.[9] From 1980 to 2005, the RCM has manufactured approximately 52 billion coins for 62 countries.[10] These coins are manufactured at the Royal Canadian Mint's facility in Winnipeg.
Part of the Winnipeg Mint’s legacy is its role in producing the circulation currency of other nations. 50 million units of the 20¢ Australian coin featuring a platypus were minted in 1981.[11]
The Royal Canadian Mint has produced coinage for over 74 countries: centavos for Cuba, kroner for Norway, fils for Yemen, pesos for Colombia, kroner for Iceland, rupiah for Indonesia, baht for Thailand, and a thousand-dollar coin for Hong Kong. Other client nations include Barbados, New Zealand and Uganda.
[edit]Notable foreign coins
In 1997, the Royal Canadian Mint produced a commemorative gold coin, issued by the Hong Kong Monetary Authority to mark the establishment of the Hong Kong Special Administrative Region on 1 July 1997. The gold coin bore the standard Bauhinia design on the obverse side, with a special commemorative design of the Hong Kong skyline (removing Mount Victoria, which the HK government stated was a symbol of British colonialism) on the reverse side. The gold coin is legal tender with HK$1,000 face value.[12] The Royal Canadian Mint item number was 621307 and sold to Royal Canadian Mint customers for C$738.
Two years later, the Monetary and Foreign Exchange Authority of Macau commissioned the Royal Canadian Mint to create a commemorative coin to recognize the transfer of the Macau region to the People’s Republic of China. The coin is sterling silver and featured a gold cameo. The face value is 100 patacas and had a diameter of 31.103 mm and a weight of 38 grams. The Royal Canadian Mint item number is 644309 and the issue price is $102. The coin features a Portuguese ship and a Chinese barque sharing coastal waters. The historic Ma Gao Temple (Pagoda de Barra) appears in the cameo.
Coin markings, including mint marks and privy marks
A – Used on 2005 palladium test coin to signify the coins were struck from Lot A.
B – Used on 2005 palladium test coin to signify the coins were struck from Lot B.
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Maple Leaf – All coins with a Maple Leaf Mint Mark were struck in 1948 due to an emergency with coin toolage. The granting of India’s independence resulted in the removal of IND:IMP (meaning Emperor of India) from King George VI’s effigy. Due to the demand for circulation coins in 1948, coins for 1948 could not be struck until the new tools were received. The new tools would have the IND:IMP removed from them. In the meanwhile, coins were produced in 1948 with a year of 1947 on them. A small Maple Leaf Mint Mark was struck beside 1947 on the reverse of all coins to signify the year of production.
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