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1 Cent - Elizabeth II 4th portrait, Farewell to the Penny
| Issuer | Royal Canadian Mint |
|---|---|
| Year | 2012 |
| Type | Non-circulating coin |
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|---|---|
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| Reverse description | The reverse reproduces George Kruger Gray's enduring maple leaf and beaver design, employed on the Canadian one-cent piece almost continuously since its introduction in 1937. Two stylised maple leaves on a common twig are depicted in the upper field, with a central dividing stem, the whole framed by the legends CANADA above and the denomination 1 CENT flanking the date 2012 in the lower field. The design, struck here in fine .9999 silver as a commemorative farewell to the circulating penny, retains the crisp classical lines of Kruger Gray's original composition. The smooth edge and medal alignment are consistent with the collector presentation of this final series issue. |
| Reverse script | Latin |
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| Additional information |
Canada's one-cent coin was officially discontinued in 2013 after the federal government determined it cost 1.6 cents to produce each penny — a calculation that had been trending toward inevitability for years. This silver collector issue was struck in 2012, the final year of penny production, explicitly as a keepsake for that discontinuation. The choice of fine silver at the penny's original dimensions is a deliberate contrast: the circulating coin ended its run as a copper-plated zinc slug worth less than its own manufacturing cost.