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Canada: George V Specimen 5 Cents 1921 SP63 PCGS,...
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Description
5 Cents Specimen Rarity - "The Prince of Canadian Coinage"
George V Specimen 5 Cents 1921 SP63 PCGS, Ottawa mint,
KM22a. A legendary rarity within Canadian numismatics and the most
acclaimed example of its denomination, easily besting other rare
Victorian issues because of the intriguing story behind its
survival. In May of 1921, the government passed legislation to
change the composition of the 5 cent piece from silver to nickel,
halting the production of this long-produced type. With over
2,500,000 examples already struck however, a decision had to be
made about the disposition of these coins, and ultimately the
remainder of this previously coined silver was melted. Today, the
total surviving population from this date is almost certainly not
much greater than 400. While it's not known exactly how the
survivors left from the Ottawa mint, a popular theory is simply
that they were made available to mint visitors. Others were likely
the souvenirs of mint employees. Census data tells us that whatever
the case was, most that weren't melted did end up circulating. Few
remain fully detailed today, with maybe 30 Uncirculated examples in
total with 8-10 of those being from the Specimen sets. The present
example is one of the aforementioned 8-10 Specimen strikings from
the sets of the year. The surfaces, attractively presented, display
the fine, matte-like texture of the era that produces delicate
glowing luster in the fields. Tone mostly centers around the edges
where light golden hues cling, with dapples of violet that make an
appearance on the reverse. A couple leaves on the reverse are a
trifle soft, but they are of little visual relevance. Evidence of
handling remains slight. An altogether pleasing piece, obviously
very rare both conditionally and in the absolute sense - a
magnificent chance to obtain the elite of the elite.Ex. Heritage Auction #3056 (August 2017, Lot 30163); Prager Collection
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