1978 Commemorative Dollar - Commonwealth Games

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Author	Replies: 6 / Views: 2,305
SilverDon Pillar of the Community Canada 2360 Posts	Posted 12/18/2014 11:55 am I received this 1978 Commemorative Dollar, and was looking at the obverse, because all of the information that is usually on the reverse of a dollar coin (Canada, Dollar, and date) is on the obverse of this coin, there was not enough room for D G Regina. As well, the information from the reverse plus Elizabeth II encircles a smaller portrait of the Queen. For a specimen strike coin, it has no frosted finish on the legends or devices, and is so brilliant it is difficult to photo. 1974 Obverse on bottom to compare. Comments welcome. Edited by SilverDon 12/18/2014 1:33 pm Report this Post to the Staff

NuMoosematist Pillar of the Community Canada 867 Posts	Posted 12/18/2014 1:30 pm Your collection keeps growing. Nicely done! Report this Post to the Staff
SilverDon Pillar of the Community Canada 2360 Posts	Posted 12/18/2014 2:04 pm Thanks very much @Numoose, it is a very neat series to collect, only 50% silver so very affordable, I am getting most of these 70's and 80's commemoratives for under $10 each. If you think about it, that's a lot of enjoyment for the price of couple cups of coffee. The issue is the red felt hairs are inside the capsule and the airtite is old and scratched. Had to shoot at an angle to get a decent shot of the coins. Edited by SilverDon 12/18/2014 2:06 pm Report this Post to the Staff
ace_ftw Pillar of the Community Canada 1747 Posts	Posted 12/18/2014 3:03 pm So technically this is not a silver dollar but a silver medallion correct? Report this Post to the Staff
SilverDon Pillar of the Community Canada 2360 Posts	Posted 12/18/2014 3:40 pm Thanks @ace_ftw, I think the definition goes something like this; As it bears a denomination and is issued by an entity, it is currency, and therefore legal tender (Non-circulating), even if it is on the obverse. So it is a dollar rather than a medallion. Correct me if I'm out of whack here. I don't believe a medallion bears a denomination. http://koinpro.tripod.com/Articles/...OrMedalQ.htm term "coin" is normally used within this hobby to refer to a piece bearing a monetary value and issued as money (usually by an official entity) Edited by SilverDon 12/18/2014 4:00 pm Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12274 Posts	Posted 12/18/2014 4:02 pm Nice addition! Quote: So technically this is not a silver dollar but a silver medallion correct? Quote: As it bears a denomination, it is currency, I think that's what makes it legal tender, even if it is on the obverse. So it is a dollar rather than a medallion. Correct me if I'm out of whack here. I don't believe a medallion bears a denomination. The piece shown was definitely issued as a coin vs. a medal/medallion. It was authorized and issued as legal tender by the Government of Canada through the RCM. The value of its silver content at the time of issue was about $2.00 which was double its face value. It had an issue price of $4.50. So, from Day 1, its intrinsic value (and cost to own) exceeded its denomination and thus it never made sense for the piece to be used as a traditional coin (i.e., to be spent at face value). That's why I generally consider these NCLT "coins" to be medals with a symbolic denomination. Regardless of what you call them, I enjoy collecting Canada's silver dollars and will continue to do so! Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
SilverDon Pillar of the Community Canada 2360 Posts	Posted 12/18/2014 4:18 pm Thanks for that clarity @Commems. Interesting economics of the silver price and the premium originally paid on this coin. There are .375 ounces of silver in the coin and at $18.45/oz that yields $6.92 today. Edited by SilverDon 12/18/2014 4:26 pm Report this Post to the Staff
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