354

1921 Fifty Cents

Currency:CAD Category:Coins & Paper Money Start Price:300,000.00 CAD Estimated At:325,000.00 - 375,000.00 CAD
1921 Fifty Cents


Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after The Toronto Coin Expo.
PCGS MS66, perfectly preserved with stunning toning. Cross Graded ICCS MS-66. Simply The Finest Known Mint State Example and thus a once in a lifetime opportunity to acquire the best of the best. As the Charlton Catalogue explains: "This popular and very scarce coin was originally minted in considerable quantity. During the early and mid-1920s the demand for 50-cent pieces was very light; only 28,000 pieces were issued between 1921 and 1929. These are assumed to have been almost entirely 1920s. When a greater demand for this denomination arose later in 1929, the Master of the Ottawa Mint decided to melt the entire stock of 1920 and 1921 coins (amounting to some 480,392 pieces) and recoin the silver into 1929 coins. He took this decision because he feared that the public would suspect they were receiving counterfeits if a large quantity of coins with 'old' dates were issued. It is believed that the 75 or so 1921's that have survived came from Specimen sets sold to collectors, or from circulation strikes sold to Mint visitors." This example is from the Canadiana Collection.