This is a pattern piece of the popular 1967 bobcat 25-cent, but struck in 100% nickel. In 1968, Canadian 25-cent coins switched from silver alloy composition to 100% nickel. Before sending this pattern into PCGS, it was fun to see the reactions of some Canadian 25-cent collectors, when seeing this piece stick to a magnet. This pattern is considered to be a specimen strike, catalogued as DC-34. Although nobody really knows for sure, there are estimated 7 to 10 pieces known. Last one to hit the auction block was at Torex in June 2007 (Canadian Coinoisseur). I know of one other that is currently for sale.
Enjoy.

