The Stack’s Bowers Galleries January New York International Numismatic Convention (NYINC) Auction is going to offer an extremely rare Canadian coin – a 1921 Cent.
206,398 was the mintage limit of the 1921 50 Cents. Almost 28,000 pieces were produced from 1921 to 1929. These coins were dated 1920 as per many experts. When the coin’s demand increased in the 1930s, the 1920 and 1921 issues were melted and reissued with a 1929 date. This was done because the mintmaster thought that if the same 1920 and 1921 issues were released in 1929, people would think that these are fake coins due to high quantity and old dates. Almost 75 pieces dated 1921 were not melted. Some circulation strikes were sold to visitors who came to the mint.
The coin features a portrait of King George V, with a legend. An inscription: “50 / CENTS / CANADA / 1921”, surrounded by a wreath and a crown is featured on the reverse. It has dusty rose toning and iridescent highlights. It coins in an old-school green label PCGS holder. It is the only coin with of this grade. Two examples are graded SP-64 and one is graded SP-65.