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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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New Acquisitions

By: Paul S. Berry


April 18, 2018
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The 1936 Dot Set

If you watch The Crown, a Netflix series about the life of Queen Elizabeth II, you will remember that her uncle, King Edward VIII, fell in love with American divorcée Wallis Simpson and, in December 1936, abdicated rather than give her up. Edward’s brother—and Elizabeth’s father—Albert subsequently became King George VI.

The abdication of Edward VIII had implications for the Royal family and the succession, but did you know that it also affected Canada? It wasn’t merely a divisive topic over the dinner table, pitting Edward’s supporters against those who thought it “just wasn’t proper.” It had a big effect on our money.

engraving of Prince Edward

Prince Edward, first son of King George V and Queen Mary, from Canada’s 1935 $5 bill.

engraving of King George VI

Prince Albert, second son of King George V and Queen Mary, from Canada’s 1935 $50 bill.

$1 bill with Edward VIII

Bank notes were already in advanced stages of design before King Edward VIII abdicated. This photograph of a model for the new notes was made December 1, after official approval of the portrait was received in mid-November.

Early in 1937, Canada experienced a shortage of 1-, 10- and 25-cent coins. Normally, the Mint would have filled the void using the new dies for 1937, but their production had been delayed owing to Edward VIII’s abdication. To meet the emergency, the Mint struck coins using dies from 1936. A small impression was added to the reverse dies, creating a raised dot on coins struck from those tools that distinguished them from the 1936 coins.

Canadian 1936 dot penny

The last year of this design was to be1936. Introduced in 1920, it was replaced in 1937 by the familiar maple leaf cent, whose production ceased in 2012.

penny close up

The dot on the 1-cent piece appears to be smaller than that on the 10- and 25-cent coins.


The 1936 dot coinage has drawn much attention from domestic and foreign collectors of Canadian coins since knowledge of its existence was made public about 1938–39. As coin collecting became a popular hobby in postwar Canada, clubs were formed across the country and collectors eagerly searched their change, looking to assemble complete date sets of Canadian coins. The dot coinage was recognized as rare, and the 1-cent coin in particular became something of a Holy Grail for collectors—always sought but never found. Coin dealers placed ads offering to purchase the coins. Even the producers of the new Whitman storage folders, with their convenient die-cut holes into which young and old alike could press their new-found treasures, left spaces for these rare pieces in their products.

In April 2016, Robert Lafortune graciously donated a 1936 coin set, including the three dot pieces, to the National Currency Collection. The set had been in the possession of his family since the early 1940s when his father, Maurice Lafortune, purchased the set from the Mint, his employer.

red leather case

Rather than making new cases, the Mint repurposed holders from 1908 by adding a new label to the outside.

open coin case

The insert was also changed by adding room for the silver dollar, which was not in use in 1908.


To say the set is rare is an understatement. This is the only intact set known to exist. Two other sets were sold to prominent American collector and businessman John J. Pittman in 1951 and 1954. One set was stolen from his home in April 1964 and subsequently dispersed; the second set was sold piecemeal in 1997 when Pittman’s collection was auctioned. The 1-cent and 10-cent dot pieces are also two of Canada’s rarest coins. Despite Mint Master Walter Clifton Ronson’s 1952 confirmation that 678,823 1-cent and 191,237 10-cent pieces had been placed into circulation, only three 1-cent pieces and five 10-cent pieces are known to exist beyond those in the present set. This discrepancy is a mystery that has never been adequately explained.

Canadian 1936 dot dime

All coins in the set except for the 5-cent piece are specimens, coins of the highest quality specially struck for presentation purposes.

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Content type(s): Blog posts

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The Museum Blog

June 15, 2016

New Acquisitions

By: Paul S. Berry


In May 2013, staff of the Bank of Canada Museum visited BABN and were able to select for the National Currency Collection more than 650 steel dies (small, engraved metal or “intaglio” plates) and other production tools formerly used by the company to prepare the intaglio printing plates.
Content type(s): Blog posts
May 24, 2016

A bank NOTE-able Woman II

By: Graham Iddon


On 15 April, the public consultation to select an iconic Canadian woman to appear on a bank note closed. Over 26,000 nominations were received following the Bank of Canada’s open call—a great success.
Content type(s): Blog posts
May 11, 2016

New Acquisitions

By: Paul S. Berry


Canadians, on occasion, have used money as a signboard for political protest, a platform for social commentary and even as a handy notepad on which to record fleeting thoughts before they are lost.
Content type(s): Blog posts
April 11, 2016

A bankNOTEable Woman

By: Graham Iddon


Representing significant women on national currency is gaining momentum all over the world. At least 12 countries currently feature historically notable women on their money…
Content type(s): Blog posts
March 30, 2016

Museum Reconstruction - Part 4

By: Graham Iddon


It seems a pretty strange building but now it has a solid roof, glass walls and doors. Doors? Ah, there’s your clue. It’s no skateboard park—it’s the entrance portico for the Bank of Canada Museum.
Content type(s): Blog posts
March 15, 2016

Decoding E-Money II

By: Graham Iddon


This has been an extremely challenging exhibition to develop. We are taking, for us, the unprecedented step of interpreting something that is not only current but continually changing.
Content type(s): Blog posts
February 18, 2016

New Acquisitions

By: David Bergeron


In late April of 2015, the National Currency Collection finally succeeded in acquiring a Spanish gold cob—famous in legends and tales of pirates and their buried treasures!
Content type(s): Blog posts
December 17, 2015

What’s in Your Stocking?

By: Graham Iddon


Every prop in the holiday drama generally has some sort of symbolic meaning—evergreen trees: life in the dead of winter, holly: Christ’s crown of thorns, the dreidel: Jewish resistance to oppression. Money, on the other hand, only seems to symbolize itself.
Content type(s): Blog posts
November 10, 2015

Money from Space

Do you notice anything peculiar about this bank note? It’s blue; it’s denominated as 5-dollar; it has handsome portraits of Sir Wilfred Laurier on it…hold on a minute!
Content type(s): Blog posts
October 29, 2015

Royal Canadian Numismatic Association

By: Raewyn Passmore


Nova Scotia has long been a centre of trade that connected Europe, New England and the West Indies. Following the American Revolution, Halifax became the primary British port in North America and a hub of financial activity.
Content type(s): Blog posts
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