1968 Canadian Quarter: An Informative Look
The 1968 Canadian quarter holds a special place in the numismatic world of Canada. It bridges the gap between silver and nickel coins, representing a significant change in Canadian currency. This article dives into its background, composition, design details, and value.
Historical Context
The 1960s was a pivotal decade for Canadian coinage. An increasing demand for industrial metal led to a spike in the value of silver. As a result, the Royal Canadian Mint decided to move away from silver coinage to more cost-effective materials.
In 1968, Canada made a substantial shift in its quarter production. The quarters minted prior to this year were predominantly made of silver. However, due to economic motivations, the Mint began producing quarters with nickel. Interestingly, collectors can find both silver and nickel versions of the 1968 quarter.
Silver and Nickel Versions
Early in 1968, the Mint continued to produce quarters using 50% silver. These early releases maintained the traditional weight and feel, catering to the collectors and the public accustomed to silver coins.
A few months into the year, the production switched to pure nickel quarters. This transition marked the end of an era for silver circulation coins in Canada. The difference in composition is critical for collectors and affects the value and desirability of the coins.
Composition and Physical Attributes
The silver version, minted early in 1968, contains 50% silver and 50% copper, giving it a total weight of 5.83 grams. Its diameter is 23.88 mm with a thickness of 1.6 mm.
The nickel version, introduced later in 1968, is composed of 99.9% nickel, weighing in at 5.07 grams. Its diameter remains 23.88 mm, but with a slightly increased thickness of 1.52 mm.
This change not only conserved resources but also altered coin handling. Users might not notice the minor difference in thickness and weight, but seasoned collectors can often feel the variance.
Design Elements
The obverse side of the 1968 Canadian quarter features the effigy of Queen Elizabeth II, a familiar sight on Canadian coinage. This version was crafted by Arnold Machin, a prominent sculptor noted for his work on several Commonwealth currencies.
The reverse design proudly displays the caribou, an iconic Canadian animal. This design has been a staple on the Canadian quarter since 1937, created by Emanuel Hahn. Hahn’s caribou represents the nation’s rich wildlife and natural heritage.
Both designs remained consistent despite the change in metal composition. This consistency helped minimize confusion among the public during the transition period.
Identifying Silver vs. Nickel
Distinguishing between silver and nickel quarters from 1968 can be simple with a few tips. One quick method is the ‘magnet test.’ Silver coins are not magnetic, while nickel coins are attracted to a magnet. Placing a magnet near the coin will quickly indicate its composition.
Another way to identify the difference is by examining the edge of the coin. Silver coins often show a more refined and brighter edge compared to nickel coins.
Collectors also use a specific gravity test, which involves measuring the density of the coin through water displacement. This method, while accurate, is more technical and less commonly used by casual collectors.
Collectibility and Value
The value of a 1968 Canadian quarter varies based on its composition and condition. Silver quarters are generally more valuable due to their precious metal content. As of recent market trends, silver quarters can fetch several times their face value, depending on the prevailing silver prices.
Nickel quarters, on the other hand, are often valued closer to their face value unless they are in mint or near-mint condition. Collectors might value certain nickel quarters higher if they are part of a complete set or if they display unique minting errors.
Grading the condition of the coin also plays a significant role. Coins are graded on a scale from poor to uncirculated. Higher grade coins, especially uncirculated ones, are significantly more valuable. Preserved mint condition coins can command a premium among collectors.
Preservation and Care
Proper care for coins, especially those made of different metals, is crucial for maintaining their value. Silver is prone to tarnish over time, so it is advisable to store these coins in an environment with low humidity. Using acid-free holders and avoiding direct handling can prevent tarnish and scratches.
Nickel coins are less likely to tarnish but can develop a patina, which some collectors find appealing. Similar care should be taken in terms of humidity and handling. Cleaning coins is generally discouraged as improper cleaning can decrease their value. If necessary, consultation with a professional conservator is recommended.
Numismatic Significance
Beyond their material value, 1968 Canadian quarters hold numismatic significance. They represent a transitional period in Canadian coin history, reflecting broader economic changes and technological advancements in minting.
Some collectors find the year 1968 particularly fascinating because it offers two distinct versions of the same coin. This rarity can make the quarters a cornerstone for those focusing on Canadian numismatics.
Educational institutions and hobby groups often use 1968 quarters as teaching tools. Students and new collectors can learn about metallurgical compositions, minting processes, and the economic factors that influence currency.
The 1968 quarter exemplifies how coins can serve as historical artifacts, preserving the economic and cultural narratives of their time.
Market Trends
The market for 1968 Canadian quarters has shown stability, with occasional spikes in interest during periods of heightened silver prices. Online auction sites, coin shows, and numismatic forums frequently feature these coins. Professional coin appraisal services can provide accurate assessments based on current market conditions.
Collectors should stay updated with numismatic publications and online resources. Forums and trade associations often provide insights into market trends, helping collectors make informed decisions on buying or selling.
The dual nature of 1968 quarters continues to intrigue both seasoned collectors and newcomers. Individual value can fluctuate, but the overall significance remains steadfast in the world of coin collecting.
Conclusion
The 1968 Canadian quarter is a remarkable coin for various reasons. Manufactured in both silver and nickel, it serves as a testament to a nation’s transition and adaptation. Its design remains timeless, and its composition tells a story of economic pragmatism. For collectors, historians, and everyday people, the 1968 quarter offers a tangible piece of Canadian heritage.