1945 CANADA 5 CENT COIN

COINAHOLICS AUTONOMOUS
23 Apr 202311:37
EducationalLearning
32 Likes 10 Comments

TLDRIn this video, the presenter discusses the 1945 Canadian chromium-plated steel five-cent piece, highlighting its historical significance during World War II and its unique design featuring a 'V' for victory. Despite being part of a valuable set, the coin's condition has been compromised by a crack that allowed air to cause rust on the otherwise pristine surface. The video also touches on the challenges of preserving chromium-plated steel coins and the rarity of finding them in mint state, with the highest sale of a similar coin being an NGC mint state 62 example for $422.57 in 2018. The presenter shares a tip for removing light rust with CLR and a Q-tip, emphasizing the coin's value despite its imperfections.

Takeaways
  • 🇨🇦 The 1945 Canadian chromium-plated steel nickel is a significant coin, marking a period during World War II with a 'V' for victory design.
  • 🔢 The coin has a mintage of 18,893,216 and features a large 'V' on the reverse, symbolizing both the Roman numeral for five and victory.
  • 📏 The specifications of the 1945 nickel include a thickness of 1.7mm, a diameter of 21mm, and a weight of 4.5 grams.
  • 🏅 The coin's composition, chromium-plated steel, is prone to rusting, which can degrade its condition and value over time, especially when exposed to moist air.
  • 💰 The highest sale of this coin was in 2018 for $422.57, and there are very few in mint state due to the challenges of preserving chromium-plated steel coins.
  • 🏅 The 1945 nickel is part of a valuable set that includes two 1943 Tom back nickels, a 1934 George V, a 1949 George VI, and a 1953 Elizabeth II, representing two kings and a queen.
  • 🚫 The speaker's set had a tiny crack that led to the 1943 Tom back nickels developing some 'seasoning' or toning due to oxidation.
  • 🧪 A Q-tip dipped in CLR can be used to clean light rust off the coins without damaging the remaining chromium plating.
  • 💡 The rarity and condition of the 1945 Victory nickel contribute to its value, with only one known coin graded as Mint State 67 Plus.
  • 🔍 The next video will feature the 1984 Denver one cent coin from an uncirculated set, highlighting its unique characteristics.
Q & A

  • What is the main coin discussed in the transcript?

    -The main coin discussed is the 1945 chromium-plated steel five cent piece from Canada.

  • What is special about the 20th century Canadian nickel set mentioned in the transcript?

    -The 20th century Canadian nickel set is special because it covers two kings and a queen in succession, including two 1943 Tom back nickels, a 1934 George the Fifth, a 1949 George the Sixth, and a 1953 Elizabeth II.

  • Why was the 1945 chromium-plated steel nickel considered valuable?

    -The 1945 chromium-plated steel nickel is considered valuable because it is part of a relatively old and rare set, with a mintage of 18 million,893,216 coins, and it represents a historical period during World War II.

  • What are the dimensions and weight of the 1945 chromium-plated steel nickel?

    -The 1945 chromium-plated steel nickel has a thickness of 1.7 millimeters, a diameter of 21 millimeters, and a weight of 4.5 grams.

  • What is the significance of the 'V' on the 1945 Canadian nickel?

    -The 'V' on the 1945 Canadian nickel stands for victory and represents the type of nickels that were put out in Canada during World War II.

  • What is the highest sale of the 1945 chromium-plated steel nickel mentioned in the transcript?

    -The highest sale mentioned was in 2018, where an NGC mint state 62 coin was sold through eBay for 422.57 cents.

  • What is the current grading status of the 1945 chromium-plated steel nickel at PCGS?

    -There are 41 coins with a mint state 66, four coins with a mint state 67, and one coin with a mint state 67 plus at PCGS.

  • Why do chromium-plated steel coins like the 1945 Canadian nickel have a problem with rust?

    -Chromium-plated steel coins have a problem with rust because the chromium plate is very thin, allowing moisture to cause the steel underneath to rust, especially when there is damage or a crack in the plating.

  • What is the issue with the chromium-plated steel nickels in the video?

    -The issue is that the nickels have rusted through the chromium plating due to a tiny crack that let in air over a long period of time, which has affected their value and appearance.

  • How can one attempt to remove rust from a chromium-plated steel coin?

    -One can use a Q-tip dipped in CLR and gently spin it over the rusty spots to remove light, thin rust without damaging the remaining chromium plate.

  • What is the next coin featured in the upcoming video?

    -The next coin featured will be the 1984 Denver one cent coin from the uncirculated set available in the US.

Outlines
00:00
🇨🇦 Introduction to the 1945 Canadian Chromium-Plated Nickel

The video begins with an introduction to a special coin - the 1945 chromium-plated steel five-cent piece from Canada. The speaker expresses disappointment over the condition of the coin due to a tiny crack that allowed air to tarnish the nickel's surface over time. The coin is part of a valuable 20th-century Canadian nickel set, which includes various historical coins from different reigns. The set's significance and the speaker's long-term ownership are also mentioned, highlighting the rarity and sentimental value of the collection.

05:04
🏅 The Rarity and Condition of the 1945 Nickel

This paragraph delves into the specifics of the 1945 chromium-plated nickel, including its World War II origins, physical characteristics, and mintage numbers. The speaker discusses the coin's design, which features a 'V' for victory, and the material's susceptibility to rust, which has affected the coin's value and condition. The paragraph also covers the coin's grading and the exceptional nature of finding such a coin in mint state due to the material's tendency to rust when exposed to moist air.

10:06
🌟 Wrapping Up the Discussion on the Victory Nickel

The speaker concludes the discussion on the 1945 Victory nickel by summarizing its unique features and the challenges associated with preserving chromium-plated steel coins. They share a personal anecdote about cleaning rust off the coin and lament the difficulty of maintaining these coins in pristine condition. The video ends with a brief mention of the next coin to be featured and a call to action for viewers to like, subscribe, and comment on the channel for further engagement and assistance in their coin collecting journey.

Mindmap
Keywords
💡Chromium-plated steel
Chromium-plated steel refers to a type of steel that has been coated with a thin layer of chromium to enhance its appearance and durability. In the context of the video, this material was used to make the 1945 Canadian five cent piece, which is the main focus of the discussion. The chromium plating, however, is noted to be susceptible to rusting, especially when exposed to moist air, which can detract from the coin's value and condition.
💡1945 Victory Nickel
The 1945 Victory Nickel is a specific coin from Canada that was minted during World War II and features a 'V' for victory on its design. This nickel is significant not only for its historical context but also for its unique material composition. The coin is highly sought after by collectors, especially in mint state condition, despite the challenges posed by the chromium plating's susceptibility to rust.
💡Canadian nickel set
A Canadian nickel set refers to a collection of nickel coins from Canada, often including various years and designs. In the video, the set mentioned contains coins from different reigns, including two 1943 Tom back nickels, a 1934 George V, a 1949 George VI, and a 1953 Elizabeth II coin. These sets are valuable to collectors due to their historical representation of successive monarchs.
💡Mintage
Mintage refers to the number of coins that are produced by a mint in a given year or for a specific issue. It is a crucial detail for numismatists as it indicates the rarity and potential value of a coin. In the video, the mintage of the 1945 Victory Nickel is given as 18 million,893,216, which helps collectors understand its relative scarcity.
💡Rust
Rust is a reddish-brown flaky substance that forms on the surface of metal, especially iron and steel, when it oxidizes due to exposure to moisture or humid air. In the context of the video, rust is a significant issue for chromium-plated steel coins, as it can degrade the coin's surface and diminish its value, even if the plating is still intact.
💡Sealed set
A sealed set refers to a collection of coins that are packaged and sold by the mint or a distributor in a sealed container, often to preserve their condition and prevent tampering. In the video, the speaker mentions a sealed set that unfortunately had a tiny crack, allowing air to enter and cause the chromium-plated steel coins to rust.
💡Numismatics
Numismatics is the study or collection of currency, including coins and paper money, as well as related objects such as tokens and medals. The video is primarily focused on numismatics, as it discusses the value, history, and condition of a specific coin, the 1945 Canadian Victory Nickel, and its set.
💡Mint state
Mint state refers to a coin that retains its original mint luster and has no significant wear or damage. The term is used by numismatists to grade coins and determine their value. In the video, the highest sale of the 1945 Victory Nickel was an NGC mint state 62, and there are coins with mint state 66 and 67 ratings at PCGS, indicating the rarity and high value of such well-preserved coins.
💡CLR
CLR is a brand of cleaning products, specifically a calcium, lime, and rust remover, often used to clean and restore metal surfaces. In the context of the video, the speaker uses a Q-tip dipped in CLR to gently clean rust off the chromium-plated steel coin, demonstrating a method to address the rust issue without damaging the coin's surface.
💡Tombac
Tombac, also known as gunmetal, is a type of alloy that was traditionally used to make coins and medals due to its durability and appearance. In the video, the 1942 and 1943 Canadian nickels were made of tombac, while the 1944 and 1945 nickels were made of chromium-plated steel due to the metal shortages during World War II.
💡World War II
World War II, often abbreviated as WWII, is the largest and deadliest global war in history, lasting from 1939 to 1945. It involved many of the world's nations, including all of the great powers, organized into two opposing military alliances: the Allies and the Axis. The war had a significant impact on the world, leading to major changes in international relations, the United Nations, and the beginning of the Cold War.
Highlights

Introduction to the 1945 Canadian chromium-plated steel five cent piece.

The tragedy of the coin due to a tiny crack that led to oxidation over time.

Value of the 20th century Canadian nickel set covering two kings and a queen.

The 1945 nickel's design featuring a large 'V' for victory during World War II.

Specifications of the 1945 nickel: thickness, diameter, and weight.

Mintage of the 1945 chromium-plated steel nickel at 18 million, 893, 216 coins.

The highest sale of the 1945 nickel, an NGC mint state 62, for 422.57 cents in 2018.

PCGS records of 41 mint state 66 coins, four mint state 67 coins, and one mint state 67 plus coin.

The rarity of finding chromium-plated steel coins in mint state due to rusting.

The reverse side of the coin with the word 'Canada' and the maple leaf design.

The obverse side showing the effects of rust on the chromium-plated steel.

The method used to remove rust from the coin using a Q-tip and CLR.

The difficulty in finding wartime Canadian coins in high mint state due to the chromium plating.

The value of the 1943 Tom back nickels despite their toning due to perfect condition.

Teaser for the next video featuring the 1984 Denver one cent coin from the uncirculated US set.

Advice to viewers on coin care and the enjoyment of coin collecting.

Transcripts

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CanadianNumismaticsVictoryNickelChromiumPlatingWorldWarIICoinPreservationNumismaticValueRustIssuesCollectibleCoinsHistoricalCurrencyCoinAholics