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Commems Collection Canadian: 2013 Canadian Bank Of Commerce - Coin 1 Of 4

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commems's Avatar
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 Posted 06/22/2024  10:19 am Show Profile   Bookmark this topic Add commems to your friends list Get a Link to this Message Number of Subscribers
...and we're off!

The first coin in the Canadian Bank Note series is one based on an 1888 $20 note from the Canadian Bank of Commerce.

1888 Bank of Commerce $20 Note
Commems-Collection-Canadian:-2013-Canadian-Bank-Of-Commerce---Coin-1-Of-4
(Image Credit: Bank of Canada Museum - National Currency Collection.)

The vignette presented on the commemorative reverse design of the coin is seen at the left on the front of the note; it was engraved and printed by the American Bank Note Company. The original note measures 183 mm (horizontal) by 84 mm (vertical).

The $20 note was part of a series issued by the Canadian Bank of Commerce that included $5, $10, $20, $50 and $100 banknotes; the series was active from 1888 to 1912.

The $5.00 coin was struck on a 99.99% fine silver planchet with a diameter of 36.07 mm and a weight of 23.17 grams; the coin's edge is serrated/reeded. It had an issue price of $69.95 and a maximum mintage of 8,500 - the actual mintage (units sold) was 7,155 (per Mint Annual Reports).

The Royal Canadian Mint describes the coin's reverse design as:

"...a seascape-themed vignette from the Canadian Bank of Commerce's 1888 20-dollar bank note. The design centres a youthful figure: possibly a young Hermès, who was a god of the Greek pantheon and a patron of travellers. The figure leans on a large fish, holding a staff entwined by two snakes. Also known as a caduceus, this staff symbolizes commerce and balance. In the background are four ships from various ages of sea travel, a rocky point jutting out into the water, and a tall lighthouse to guide the vessels to safe harbour."

2013 Canadian Bank of Commerce Silver $5.00
Commems-Collection-Canadian:-2013-Canadian-Bank-Of-Commerce---Coin-1-Of-4 Commems-Collection-Canadian:-2013-Canadian-Bank-Of-Commerce---Coin-1-Of-4

2013 Canadian Bank of Commerce Silver $5.00 - Beauty Box
Commems-Collection-Canadian:-2013-Canadian-Bank-Of-Commerce---Coin-1-Of-4

The coin's depiction of the note's vignette (its "design") was the work of Maurice Gervais, with its engraving done by Matthew Bowen.

I paid $49.95 + $14.95 shipping (CAD) - $64.90 total. The current exchange rate converted this to $49.10 (USD). About $4.00 USD above my target, but the postage from Canada to the US is typically higher vs. an in-country transaction. Hopefully, my future purchases will have lower postage costs and/or be more "local."


For more of my stories about commemorative coins and medals, including more on Canadian commemorative coins, see: Commems Collection.




Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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nickelsearcher's Avatar
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 Posted 06/22/2024  11:41 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
That's a fantastic looking coin.

Best of wishes with finding the remainder at or below your target price. I look forward to seeing the rest.
Take a look at my other hobby ... http://www.jk-dk.art
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Coinfrog's Avatar
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 Posted 06/22/2024  4:22 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Love that note, never seen it before.
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mcshilling's Avatar
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 Posted 06/22/2024  4:41 pm  Show Profile   Bookmark this reply Add mcshilling to your friends list Get a Link to this Reply
Always cool to look at what you post, thanks.
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/22/2024  7:02 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
@All: Thanks much for the feedback/best wishes!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 06/22/2024  9:37 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Interesting and informative.
Beautiful banknote, coin not so much, the cartouche framing the denomination is overly ornate, not representative of the style of the note.
How do you draw the line between what is commemorative and what is giftware?
Must be some very tough decisions.
"Dipping" is not considered cleaning...
-from PCGS website
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/23/2024  09:34 am  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
How do you draw the line between what is commemorative and what is giftware?
Must be some very tough decisions.


@DBM: Thanks for the thought-provoking question.

For me, the collecting decision is fairly easy. Just because a piece is modern non-circulating legal tender (NCLT) doesn't mean it's a commemorative coin - a common misconception. For a piece to be a commemorative, it needs to honor/celebrate/commemorate a person/place/thing/event vs. just be a version of a regular issue. Such a distinction is typically fairly easy to determine.

I generally consider NCLT pieces to be medals vs. coins. The Royal Canadian Mint itself has stated that the denominations placed on NCLT "coins" are symbolic vs. functional. So, I don't get caught up on whether a piece is a "real" coin and where it ranks on some relative "worthiness" scale.

I collect what I do because I believe the pieces have a story to tell. Granted, the story might not be one involving a potential circulation journey, but it can be one that connects a collector to a piece of history worth recalling.

Whether on a coin, medal, token, etc., I enjoy collecting art-in-the-miniature and learning about the history that drove the piece's issue. The pieces I collect enable me to do just that - the decision is typically (but not always) easy - it is also often a personal choice. For example, I don't actively collect coins with current pop culture themes - they just don't interest me. Some collectors may view them as commemorative pieces, but that doesn't change things for me. "No interest, no collect!"

Lastly, I personally avoid using the term "Giftware" to describe something someone else collects - I find the term is often meant to be dismissive / disrespectful. There's plenty of room in this hobby for all types of collectors and none, IMO, should be looked down upon because of what they choose to collect.



Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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 Posted 06/23/2024  12:05 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Giftware is not a pejorative term.
The RCM has promoted the gift aspect of their products for many years now, though they currently do not use the specific word "giftware".
https://www.mint.ca/en/shop/gifts
Even the Charlton Catalogue lists many NCLT coins as giftware.
"Dipping" is not considered cleaning...
-from PCGS website
CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/23/2024  6:47 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply

Quote:
Giftware is not a pejorative term.

Yes, I'm aware of the term's intended meaning and how it has been used by the Mint and Charlton. I just don't use it myself because I have seen too many folks use it derisively and I don't want a fellow collector to think that that is how I think. I just prefer to avoid potential confusion over a word choice!




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jbuck's Avatar
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CCF Master Historian of USA Commemoratives
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commems's Avatar
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 Posted 06/24/2024  4:36 pm  Show Profile   Bookmark this reply Add commems to your friends list Get a Link to this Reply
Coin #2 has arrived - story forthcoming!


Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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