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The Newfoundland 1 cent 1940 KM#18 XF coin is a fascinating piece of Canadian numismatic history. Minted in 1940, this coin holds significance as one of the last issues of Newfoundland's own currency before it joined the Canadian Confederation in 1949. The coin's design and condition offer valuable insights into the economic and cultural landscape of Newfoundland during this period.
Designed by Percy Metcalfe, a renowned British sculptor and coin designer, the Newfoundland 1 cent coin features a simple yet elegant design. The obverse of the coin depicts the bust of King George VI facing left, surrounded by the inscription "GEORGIVS VI REX ET IND: IMP:" which translates to "George VI, King and Emperor of India."
On the reverse of the coin is the denomination "ONE CENT" surrounded by a wreath of Newfoundland pine cones and sprigs. Below the wreath is the date "1940," indicating the year of minting. The design reflects Newfoundland's natural beauty and resources, with the pine cones symbolizing the province's forestry industry.
This particular coin is graded as XF, or Extremely Fine, indicating that it is in excellent condition with only slight wear visible under close inspection. Coins in XF condition typically exhibit minimal wear on the high points of the design, with most of the original detail and luster preserved. The coin's XF grade suggests that it has been well-maintained and cared for over the years.
During the mid-20th century, coins like the Newfoundland 1 cent were commonly circulated in everyday transactions, serving as essential currency for commerce and trade. While these coins were not packaged in any special manner for distribution, they would have been handled and circulated alongside other denominations in daily transactions.
The Newfoundland 1 cent coin was minted at the Royal Mint in London, England, which produced coinage for Newfoundland until the province joined the Canadian Confederation in 1949. Mintages for the 1940 issue of the Newfoundland 1 cent coin were relatively high compared to earlier years, reflecting the demand for small-denomination coins during the wartime period.
Exact mintage figures for the 1940 Newfoundland 1 cent coin vary, but they are generally higher compared to earlier years of production. Despite their higher mintage, examples of this coin in XF condition are still sought after by collectors due to their historical significance and relatively good condition.
In summary, the Newfoundland 1 cent 1940 KM#18 XF coin is a valuable artifact of Canadian numismatic history. Its elegant design, excellent condition, and association with Newfoundland's pre-Confederation currency make it a desirable addition to any numismatic collection. Whether as a standalone piece or as part of a larger collection, this coin offers a tangible connection to Newfoundland's past and its transition to becoming part of the Canadian nation.