The 1972 Canadian One Dollar Coin: A Collector's Delight
History of the Coin
The 1972 Canadian one dollar coin, also known as the "loonie," is a circulating coin that has been a staple of Canadian currency since its introduction in 1987. However, the royal Canadian Mint also produced a 1972 version of the dollar coin as a part of a special series.
Design and Features
The 1972 Canadian one dollar coin features a unique design on both the obverse and reverse sides. The obverse side showcases the portrait of Queen Elizabeth II, designed by Arnold Machin. The reverse side features a common loon, designed by Robert-Ralph Carmichael.
Specifications:
- Composition: 99.9% Nickel
- Weight: 15.5 grams
- Diameter: 32.15 mm
- Thickness: 2.35 mm
- Edge: Reeded
Rarity and Value
The 1972 Canadian one dollar coin is considered a rare and valuable collector's item. Only 20,000 coins were minted, making it highly sought after by collectors.
The value of the coin depends on its condition, rarity, and demand. In mint state condition, the coin can fetch prices ranging from hundreds to thousands of Canadian dollars.
Collecting the 1972 Canadian One Dollar Coin
If you're looking to add the 1972 Canadian one dollar coin to your collection, here are some tips:
- Research and authenticity: Make sure to purchase the coin from a reputable dealer to ensure authenticity.
- Condition: Look for coins in mint state condition to ensure the highest value.
- Rarity: Be aware of the coin's rarity and limited mintage to determine its value.
By following these tips, you can add this unique and valuable coin to your collection.
Conclusion
The 1972 Canadian one dollar coin is a rare and valuable collector's item that showcases the beauty of Canadian currency. Its unique design, limited mintage, and high demand make it a must-have for any serious collector.
