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 Replies: 21 / Views: 3,801 |
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Pillar of the Community
United States
4867 Posts |
How long do you think we will have the current Queen portrait?
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Pillar of the Community
United States
1601 Posts |
I hate to be a downer, but I think we're looking at the last rendition of QE2 on circulating coinage of the commonwealth.
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Pillar of the Community
Canada
5324 Posts |
As long as she is our monarch
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Pillar of the Community
Canada
2845 Posts |
Just my thoughts. Given Canada isn't a country with a high level of Monarch patriotism and the current effigy already features a mature Queen, perhaps this will be the last. Considering her approval is required for any new portrait to be used. If she"s satisfied with this one, it would definitely be the last.
Otherwise why might Canada want to feature a new Queen's effigy on our coin? I cannot think of any other reason than for the Cdn government to make money.
There was some speculation it was to happen this year. However the year of Canada's 150th, just imagine how many circulation coins get saved and set aside, placed in drawers and boxes as keepsakes or mementos etc. Each one only costs a few cents to manufacture so profit is earned by the Cdn Govt each time coin is removed from circulation. It could be compared to the markup of any other type of manufactured goods that get sold. Therefore this year would've been a waste of a different effigy because the anniversary design already serves as a good reason for coins to be removed from circulation.
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Pillar of the Community
United States
634 Posts |
Well, they couldn't make her look any more like a regular grandma, so unless they make her look more regal, which is unlikely, that is the final portrait.
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Pillar of the Community
 United States
4867 Posts |
Interesting thoughts, thanks! I'm trying to imagine a portrait of what the King would look like for the next monarch.
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Valued Member
Canada
243 Posts |
She missed church last week due to a cold. There is a strong chance that she will not live forever, so I think this will be the last rendition.
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Rest in Peace
United States
17900 Posts |
I've lived in a couple former British colonies (not counting the USA), and I've always been amazed that the Queen has remained the current obverse for so many coins. Even with almost no British influence remaining, other than the coins and paper money.
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Pillar of the Community
Australia
7096 Posts |
To be quite honest the Canadian Obverse is by far the worst Queen Elizabeth bust used anywhere in the Commonwealth. Great Reverse designs on Canadian coins that are spoilt by that awful Obverse  I would Love to see the "Cleaning Lady" Obverse replaced by a Bust that at least vaguely resembles HM before She falls off the perch with may be for a few years yet because She is a tough old Stick  |
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Pillar of the Community
710 Posts |
 Final portrait. |
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Pillar of the Community
Canada
1747 Posts |
As far as I understand there were several images made and approved by the queen, our gvmt decided on the blunt version. we have the ability to change to any of the other versions if our government decided to.
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Pillar of the Community
United States
4233 Posts |
Quote:
profit is earned by the Cdn Govt each time coin is removed from circulation I don't quite get this. If coins get removed from circulation the govt has to spend money to make more of them. |
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Moderator
 United States
14463 Posts |
maybe less earned profit, more like a loan on money that may never be circulated.
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Valued Member
Canada
89 Posts |
I think this is the last portrait of the queen we will see in Canada. Then again, the UK introduced a new effigy of the queen on their coins starting in 2015.
When the day comes where Elizabeth is no longer our monarch, I think the reverse designs of Canadian circulation coins (save the loonie and toonie) should be redesigned. Yes, we have some pretty nice looking circulating coinage designs on the 5, 10 and 25 cent pieces...yet we've had these designs now for 8 decades. This is about the same amount of time we had the original design for the dime through half dollar coins that came out in 1858 (I would've included the cent and nickel if they each hadn't been redesigned when their sizes changed in the early 1920s).
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Pillar of the Community
Canada
2845 Posts |
Quote:
I don't quite get this. If coins get removed from circulation the govt has to spend money to make more of them.
I don"t recall exactly how much it costs to mint for example a loonie or toonie but it seems to me it's less than 10c. So for each loonie that gets bought at face value by a bank or Brinks in coin orders, to be passed down the chain to businesses and consumers etc the BofC makes at least 90c. The more loonies that are "sold" into circulation the greater profit. This was the reason the penny was discontinued - the cost to mint it became greater than one cent. ( RCM mints coin at cost for the BofC, so it's BofC that incurs the profit.). If a lot of coin is stashed in any given "special" year, then of course more must be ordered to make up for what has been removed from circulation. The Bank of Canada never redeems excess coin except through the current Alloy Recovery Program. Aside from the increased worth of the metal over time, it also could be said it's a win/win for Govt because years later when the circulation coin is eventually redeemed, inflation has caused it to lose value and therefore it's buying power is less than the face value of it it was when it was originally issued. Not a reason to stop coin collecting of course.....  but the Govt should appreciate the fact that we play a role in keeping the money wheels churning.... Edited by wildflowerAB
01/07/2017 06:55 am
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Valued Member
Canada
115 Posts |
The Queen, although queen, is still a person and thus ages with time. The Queen is already 90 years old and I think within 10-25 years she will be succeeded by a new ruler. Most likely the new ruler will not accept the throne (as in the case with Thailand's monarchy) and the monarchy will end along with the effigies on our coinage.
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Replies: 21 / Views: 3,801 |
Posted 01/06/2017 09:55 am
