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    Whatever happened to the penny? A history of our one-cent coin.

    The idea of the penny as the basic denomination of an entire currency system has been with Canadians for as long as there has been a Canada. But the one-cent piece itself has been gone since 2012.

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Coin designs of Emanuel Hahn

By: David Bergeron


August 2, 2017
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An Emanuel Hahn First World War memorial design in Lindsay, Ontario. (Wikimedia Commons, Richard BH, Hamilton, ON)

Emanuel Hahn was a celebrated Canadian sculptor whose work can be seen in the monuments of many Canadian cities. Born in Germany in 1881, Hahn immigrated to Canada with his family at the age of 7. Along with medals and a number of significant war memorials, Hahn designed some of Canada’s most distinctive and iconic coins. The voyageur silver dollar, the Bluenose dime, the caribou 25 cent piece and the 1939 silver dollar commemorating the Royal Visit of King George VI and Queen Elizabeth were all Hahn designs.

Pencil drawing by Emanuel Hahn sketching features proposed for the back of the 1935 silver dollar.
(NCC 1963.059.015.004)

In 1934 the Department of Finance invited Emanuel Hahn to submit a design for a silver dollar commemorating the silver jubilee of the reign of King George V. Hahn corresponded with the Royal Mint in London and the Royal Canadian Mint to gain insight into the process of minting a coin before submitting a drawing depicting a voyageur and a First Nations man paddling a canoe. To ensure accuracy, Hahn studied the designs of traditional canoes and the paintings of Frances Anne Hopkins. Hahn’s design was approved with only a few minor changes and was used as the standard pattern for the Canadian silver dollar until the introduction of the ‘Loonie’ in 1987.

Pencil drawing by Emanuel Hahn showing studies of human figure and arm.
(NCC 1963.059.015.005)

Pencil drawing by Emanuel Hahn showing refined details of graphic elements for back of 1935 dollar.
(NCC 1963.059.015.006)

Following the success of the voyageur silver dollar, Hahn was among several artists invited to submit designs for new Canadian coinage to be released in conjunction with the accession of King George VI, in 1937. Hahn produced no less than 16 sketches. His caribou (proposed for both the nickel and the quarter) and his Bluenose were both selected for the new coins. All of the designs put into circulation in 1937 are still to be found on Canada’s circulating coinage today. Hahn left an impressive mark on Canadian currency and all Canadians can be proud to have a ‘Hahn original’ in their pockets.

Reverse of 1935 silver dollar designed by Emanuel Hahn.
(NCC 1978.058.285b1)

Emanuel Hahn’s legacy of coins, drawings, plaster models and correspondence is preserved in the National Currency Collection of the Bank of Canada.

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Content type(s): Blog posts

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The Museum Blog

February 26, 2021

Playing with Economy

By: Graham Iddon


A diverse group of 4 young children playing a board game.
There might be only a handful of basic game formats, but there is an infinity of variations—a surprising number of which require the skills we need to manage our daily economic lives.
Content type(s): Blog posts Subject(s): Economics, Financial literacy, Math, Social studies Grade level(s): Grade 03, Grade 04, Grade 05, Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
January 4, 2021

Economic Opportunity Costs

By: Graham Iddon


Man in a superhero costume crouching in an aisle of a home renovation warehouse.
With his superpowers, Peter Parker would no doubt do a fabulous job of tiling his kitchen backsplash. But as Spider-Man, he has more valuable things to do with his time.
Content type(s): Blog posts Subject(s): Economics, Financial literacy, Social studies Grade level(s): Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
November 30, 2020

How Many Groats Are in a Noble?

By: Graham Iddon


For daily users of modern money, getting an understanding of the old British system of currency can be an act of confusion and wonder. But it’s also a peep into 13 centuries of European numismatic history.
Content type(s): Blog posts
November 27, 2020

Understanding Money: Common Questions

By: Nathan Sells


Answer your students’ money questions with this comprehensive FAQ. Explore money history, symbolism and more to kickstart a class discussion or money inquiry project.
Content type(s): Blog posts Subject(s): Business, Economics, Financial literacy, Health, Social studies Grade level(s): Grade 01, Grade 02, Grade 03, Grade 04, Grade 05, Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
November 2, 2020

Teaching Economics During the COVID-19 Pandemic

By: Adam Young


Authentic, teachable moments show students how the Bank of Canada is helping the economy navigate the COVID-19 pandemic.
Content type(s): Blog posts Subject(s): Business, Economics, Geography, Social studies Grade level(s): Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
October 21, 2020

The Story Behind the Engraving

By: Graham Iddon


The men on the back of this bill were part of a small community of families, a summer hunting camp called Aulatsiivik on Baffin Island.
Content type(s): Blog posts
October 5, 2020

If I Had a Million Dollars…I’d Be Reasonably Well Off

By: Graham Iddon


When the Barenaked Ladies released “If I Had a $1,000,000,” they could have considered themselves reasonably rich. And today? Well, there’s this inflation thing…
Content type(s): Blog posts Subject(s): Economics, Math, Social studies Grade level(s): Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4, Grades 11 and 12 / Secondary 5
July 16, 2020

Johnson’s Counterfeits

By: David Bergeron


Johnson’s entire family, two girls and five boys, was involved in the counterfeiting operation: dad made the plates, the daughters forged the signatures and the boys were learning to be engravers.
Content type(s): Blog posts
June 29, 2020

The Reluctant Bank Note

By: Graham Iddon


Among 1975 $50 bill’s various design proposals were three images, three thematic colours and even three printing methods.
Content type(s): Blog posts
June 11, 2020

Nominating an Icon for the Next $5 Bank Note

By: Graham Iddon


Using a Bank of Canada Museum lesson plan, nearly 200 students told us who they thought should be the bank NOTE-able Canadian on our new $5 bill.
Content type(s): Blog posts Subject(s): History, Social studies Grade level(s): Grade 06, Grade 07 / Secondary 1, Grade 08 / Secondary 2, Grade 09 / Secondary 3, Grade 10 / Secondary 4
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