The Museum is closed but the curators go shopping
Before the Museum closed, and the Collection moved to Gatineau, the curators regularly hosted a show and tell session for staff to see new acquisitions. With the help of the Museum’s new blog, that tradition will continue; only now, you too will be able to see and learn about some of the brilliant new stars in the Collection. Get out your sunglasses!
Command Coins of the Canadian Armed Forces
General Tom Lawson, Chief of the Defence Staff for the Canadian Armed Forces, recently honoured the National Currency Collection with a gift of 10 command coins from senior commanders of the armed forces. Originally these objects were used to identify members of a specific unit. In Canada they have now taken on a more ceremonial role and are given to individuals for distinguished service or to defence partners in other countries as a sign of respect. Despite their name, command coins are not money, but serve as a testament to the valuable contribution of Canadian command and service personnel.
Dominion of Canada, Specimen registered bond, $5000, August 1915
The Dominion government issued bonds during WWI to finance Canada’s war effort. The issue of August 2, 1915 was a foreign issue, the Dominion government looking to the U.K. and the U.S.A. for financing. It was floated in the U.S. and was payable in Canadian gold coins at the Bank of Montreal in Montréal or in U.S. gold coin at their agency in New York City. The issue consisted of bonds scheduled to mature in 20 years and the rate of interest was 5%.
Consolidated Bank of Canada, $4 note, 1876, overprinted Galt
The Consolidated Bank of Canada was formed by the union of The Royal Canadian Bank in Toronto and Montréal’s City Bank in 1876. It issued notes of six denominations ranging from $4 to $100. Colourful overprints designating the city of issue are found on many notes. Banks in this period were only required to redeem notes at full face value at two places: the issuing branch and at head office. This is the only known example of an overprint for Galt, Ontario appearing on a Consolidated Bank $4 note.
La Rose Mines Limited., stock certificate, 10 shares, 1918
In the fall of 1903, railway workers in the vicinity of Cobalt, Ontario unearthed one of Canada’s largest deposits of silver ore. This discovery quickly led to a mining frenzy. Cobalt was called the El Dorado of the north and by 1910, millions of dollars of silver was being shipped out of the region. La Rose Mines was one of the first mines in operation. It was named after Fred La Rose, a blacksmith from Hull, Québec, who had staked one of the area’s original claims. La Rose, however, sold his interests early to a group including the Timmins brothers, merchants from Mattawa, after whom the city of Timmins was later named.
What is money—when you really stop to think about it? To understand how money works, and what it ultimately represents, we need to strip it down to its very basic function.
The 1911 silver dollar has a history to match its prestige, and it now has a permanent home in the National Currency Collection of the Bank of Canada Museum.
The $20 bill of 1969 was the prototype of the Scenes of Canada note series. Yet, as more notes were designed, the theme—and the $20 note itself—would change.
In 1896, three enterprising men struck gold in the Klondike region of the Yukon. Their story is just one of many that illustrates the allure of gold through the ages.
The economies in modern, complex video games can teach gamers a lot about decision making and financial literacy.
Over its 350-year lifespan, the Hudson’s Bay Company has had an enormous impact on Canada’s economy and how the nation was settled.
The Bank of Canada head office is two structures: the stone cube on Wellington Street and the glass structure that it is nestled into. Both are significant architectural landmarks.
Supply and demand is part of the very bedrock of an economy. It's what generates the price of any product or service.
An image of a river of logs floating behind Parliament Hill has long lived in Canadian collective memory thanks to a bank note, the Scenes of Canada $1 bill.