Canada 1989 50 dollars KM-125.2

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Stack's Bowers 2015 ANA sale, lot 30190
photo courtesy Stack's Bowers LLC

This specimen was lot 30190 in Stack's Bowers ANA sale (Chicago, August 2015), where it sold for $1,703.75. The catalog description[1] noted, "CANADA. 50 Dollars, 1989. NGC PROOF-68 ULTRA CAMEO. Not to be confused with the bullion coin of the same design. This is actually a proof, and the only year they were struck. Mintage of only 17,781 pieces and in fabulous condition." Canada, enviously watching the krugerrand conquer world bullion markets in the mid-1970's, decided to enter her own product in 1979, dubbed the Maple Leaf. The type was modified in 1983 to indicate .9999 purity and struck in this form 1983-89. Maple Leafs (Leaves?) are still in production but use the current bust of the queen.

Recorded mintage: 856,000 plus 17,781 proofs.

Specification: 31.1 g, .9999 fine gold, 32 mm diameter.

Catalog reference: KM-125.2

Source:

  • [1]Ponterio, Richard, The August 2015 Chicago ANA Auction: Ancient Coins, World Coins & Paper Money, Irvine, CA: Stack's Bowers LLC, 2015.
  • Cross, W. K., The Charlton Standard Catalogue of Canadian Coins, 47th Ed., Toronto: Charlton International, 1993.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.

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