Vol. 151, No. 14 — July 12, 2017

Registration

SOR/2017-146 June 23, 2017

ROYAL CANADIAN MINT ACT

Order Authorizing the Issue of a One-dollar Circulation Coin Specifying the Characteristics and Determining the Design

P.C. 2017-964 June 22, 2017

His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 6.4 (see footnote a) and 6.5 (see footnote b) of the Royal Canadian Mint Act (see footnote c), authorizes the issue of a one-dollar circulation coin, the characteristics of which are to be as specified in item 2.2 (see footnote d) of Part 2 of the schedule to that Act and the diameter of which is to be 26.5 mm, and determines the design of the coin to be as follows:

  • (a) the obverse impression is to depict the effigy of Her Majesty Queen Elizabeth II by Susanna Blunt, with the initials “SB” on the bottom left-hand corner of the neckline, the inscriptions “ELIZABETH II” and “D•G•REGINA” to the left and right of the effigy, respectively, and with beading around the circumference of the coin; and
  • (b) the reverse impression is to depict the logo of the Toronto Maple Leafs, with the symbols “®/MD” appearing to the right of the logo, two crossed hockey sticks above the logo, one stick used in the team’s early years and the other in the team’s modern years, the inscriptions “1917” to the left and “2017” to the right of the logo, a lasermark maple leaf within a maple leaf within a circle above the design, the inscriptions “CANADA” and “DOLLAR,” at the top to the left and to right of a hockey puck, respectively, below which is a semi-circle, the artist’s initials “SR” to the right of the design, and with beading around the circumference of the coin.

REGULATORY IMPACT ANALYSIS STATEMENT

(This statement is not part of the Order.)

Issues

The Royal Canadian Mint (RCM) wishes to produce a commemorative $1 circulation coin on the occasion of the 100th anniversary of the Toronto Maple Leafs. Pursuant to sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in Council may, by order, authorize the issue of circulation coins of a denomination listed in Part 2 of the schedule of that Act and determine the design of any circulation coin to be issued.

Background

The RCM produces commemorative circulation coins as a means to assist in the promotion of Canada, and Canadian values, culture and history. These special coins raise awareness of celebrations and anniversaries of importance to Canadians and create engagement with the Canadian public.

Objectives

The RCM wishes to produce a commemorative $1 circulation coin on the occasion of the 100th anniversary of the Toronto Maple Leafs. These coins will celebrate an iconic team that connects many Canadians to their passion for hockey and serve as tangible keepsakes of Canada’s history.

Description

This Order authorizes the RCM to produce a commemorative $1 circulation coin that depicts the Toronto Maple Leafs current logo, flanked by the years “1917” on the left and “2017” on the right. Above the logo are two crossed hockey sticks: one stick used in the team’s early years and the other in the team’s modern years. On the coin’s outer ring are 100 engraved dots to highlight the team’s 100 years.

“One-for-One” Rule

This Order does not impose new administrative costs on business. Therefore, the “One-for-One” Rule does not apply.

Small business lens

This Order does not impose new administrative or compliance costs on small business. Therefore, the small business lens does not apply.

Rationale

The 100th anniversary of the Toronto Maple Leafs is an important milestone in the history of hockey in Canada and a momentous occasion to celebrate the passion Canadians have for hockey.

Because these coins are available at face value and circulate widely, public demand is high with many coins being collected and taken out of circulation. Commemorative circulation coin programs contribute to the overall success of the event being commemorated.

Coins will be distributed through financial institutions with a portion reserved for RCM-hosted coin exchanges.

Contact

Simon Kamel
Vice-President, General Counsel and Corporate Secretary
Corporate and Legal Affairs
Royal Canadian Mint
320 Sussex Drive
Ottawa, Ontario
K1A 0G8
Telephone: 613-993-1732
Fax: 613-990-4665
Email: kamel@mint.ca