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.
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.
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.
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.
The Museum Blog
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.
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…
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.
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.
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.
The “Streak of Rust” and the King of Newfoundland
By: David Bergeron
Reid was on the verge of ruin, yet insisted on continuing railway construction. Suffering huge losses, and with no credit or cash resources, Reid issued wage notes to pay his employees.
Retired Cash
By: Graham Iddon
In January 2021, 17 of our old bank notes will lose their legal tender status—what does that mean?
The Fisher, the Photographer and the Five
By: Graham Iddon
There’s little doubt that the BCP45 is lovingly preserved today partly thanks to being immortalized on this beautiful blue five-dollar bill.
Where Futurists Feared to Tread
By: Graham Iddon
Among the laser pistols, hover cars and androids of science fiction, there’s an elderly elephant in the room: money.
Wrap-up, 2019
By: Graham Iddon
The Bank of Canada Museum set some very ambitious goals at the end of 2018. We have managed to achieve more in one year than we had since we opened in 2017.