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5 Dollars Montréal Olympics, Diving Water
| Issuer | Royal Canadian Mint |
|---|---|
| Year | 1976 |
| Type | Log in to see details |
| Value | 5 Dollars |
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| Obverse description | Central field features a stylized depiction of water surface rendered as an overlapping cluster of wave-like forms, evoking the motion of water associated with diving events. The Montreal 1976 Olympic logo — comprising five interlocked rings surmounted by a stylized torch motif — appears in the upper left of the field. The bilingual legends 'Olympiade XXI Olympiad' and 'Montréal 1976' are inscribed to the upper left and upper right respectively, with the denomination '5 Dollars' placed in the lower field. |
|---|---|
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| Mint | Royal Canadian Mint |
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| Additional information |
One of 28 silver issues struck for the 1976 Montréal Games, this coin was sold in sets through a subscription program that the Canadian government hoped would offset Olympic construction costs — a project that had ballooned to nearly $1.4 billion CAD, roughly six times the original budget. The scheme raised far less than anticipated, and Montréal taxpayers were still servicing the debt in 2006.
The .400 fineness was a compromise, keeping silver content low enough to price the sets accessibly while maintaining collector appeal. Most examples stayed in their original packaging, which accounts for the high survival rate in mint state.