2010 $50 First Bank Notes Issued by the Bank of Canada Pure Silver Coin

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2010 Limited Edition Silver Coin – Historic Tribute

This remarkable coin is a faithful reproduction of the allegory featured on the inaugural $50 banknote of 1935. With a limited mintage of only 2,000 coins worldwide, this piece is an essential addition for collectors and investors alike.

The Design:

• Depicts a seated woman symbolizing modern inventions
• Incorporates elements of radio broadcasting

Historical Context of Canadian Paper Money:

Less than a century ago, Canadian paper money existed in various forms, with notes issued by pre-Confederation governments, chartered banks, and private banks. Over a span of 175 years, more than 100 banks issued their own unique denominations, including $3, $5, $6, $7, and $8 notes.

The landscape of Canadian currency transformed with the establishment of the Bank of Canada in 1935, which regulated the money supply and held the exclusive right to issue Canada’s bank notes. The inaugural notes included denominations such as $1, $2, $5, $10, $20, $50, $100, $500, and $1,000, with a $25 note released later that year to commemorate the silver jubilee of King George V.

Each note featured a member of the royal family or a former Canadian prime minister on the front, while the back displayed allegorical figures representing various aspects of Canadian industry and culture. Initially, notes were available in English or French until the introduction of bilingual notes in 1937.

Features of the Coin:

• Produced By: RCM
• Denomination: 50 Dollars
• Year: 2010

Technical Specifications:

• Diameter: 65.25 mm
• Material: Silver
• Fineness: 0.9999
• Weight: 157.6 grams (Total)
• Bullion Weight: 5 Troy Ounces (Total)

Extended Information:

• Finish: Proof
• Quantity Produced: 2,000
• Monarch: Queen Elizabeth II

This coin is a prime investment opportunity for serious numismatic collectors and investors looking to enhance their portfolios with historical pieces of Canadian currency.

Images from mint.ca – Actual product may be different