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The Canada 5 Cents 1955 KM#50a PL coin holds a significant place in Canadian numismatic history, representing a pivotal era in the country's coinage. Minted during a period of transition, this coin showcases both the artistic excellence of its design and the evolving economic landscape of Canada.
Designed by Mary Gillick, the obverse of the coin features a right-facing portrait of Queen Elizabeth II, commonly referred to as the "Young Head" portrait. The Queen is depicted wearing a laurel wreath and a necklace, with the inscription "ELIZABETH II DEI GRATIA REGINA" encircling her portrait, signifying her title as Queen by the grace of God.
The reverse of the coin displays a beaver sitting on a log, accompanied by a sprig of maple leaves to the right. This design, created by G.E. Kruger Gray, symbolizes Canada's natural heritage and serves as an emblem of the country's identity. Above the beaver, the denomination "5 CENTS" is inscribed, while the date "1955" appears below.
Produced at the Royal Canadian Mint in Ottawa, Ontario, the Canada 5 Cents 1955 KM#50a PL coin is a product of Canada's esteemed minting facility. The Royal Canadian Mint has a long-standing reputation for producing high-quality coinage, ensuring the integrity and stability of Canada's monetary system.
The mintage figures for the Canada 5 Cents 1955 KM#50a PL coin are not readily available, but production levels were likely influenced by the demand for coinage in Canada during the mid-20th century. As Canada transitioned from silver to nickel compositions for its coinage, the mint would have produced significant quantities of 5-cent coins to meet public demand.
In terms of condition, the Canada 5 Cents 1955 KM#50a PL coin is classified as a proof-like (PL) specimen. This designation indicates that the coin exhibits mirror-like fields and frosted devices, similar to proof coins but struck with regular dies intended for circulation. The coin's surfaces are free from wear and retain a high level of detail and brilliance.
Historically, coins like the Canada 5 Cents 1955 KM#50a PL would have been distributed through various channels, including banks, financial institutions, and the Royal Canadian Mint. While some coins may have entered circulation, others would have been acquired by collectors and numismatists interested in preserving their pristine condition.
For collectors, the Canada 5 Cents 1955 KM#50a PL coin represents both a piece of Canadian history and a numismatic treasure. Its proof-like condition, coupled with its distinctive design and potential scarcity, makes it a sought-after addition to any collection. As a tangible symbol of Canada's cultural heritage, this coin serves as a testament to the country's rich numismatic legacy.