1959 Canadian Proof Set Collectors Guide

The 1959 Canadian Proof Set is a highly sought-after collectible among numismatists, and for good reason. This set represents a pivotal moment in Canadian coinage history, marking the first year of the Canadian Wildlife Series. In this guide, we'll delve into the world of the 1959 Canadian Proof Set, exploring its history, design, mintage, and what makes it so valuable to collectors.

The Canadian Wildlife Series was introduced in 1959, featuring iconic Canadian animals on the reverse of each coin. The series was designed by Alex Colville, a renowned Canadian artist, and was produced until 1967. The 1959 Canadian Proof Set consists of six coins: the 1-cent coin featuring a rock dove, the 5-cent coin featuring a beaver, the 10-cent coin featuring a mackerel, the 25-cent coin featuring a caribou, the 50-cent coin featuring a howling wolf, and the $1 coin featuring a train.

Design and Mintage

The 1959 Canadian Proof Set boasts a mintage of 14,106 sets, making it relatively rare compared to other proof sets of the era. Each coin in the set features a mirror-like finish, with the fields (background) polished to a high shine and the devices (design elements) frosted. The sets were packaged in a blue leather case, complete with a certificate of authenticity.

One of the most distinctive features of the 1959 Canadian Proof Set is the design itself. Alex Colville's artwork brings the Canadian wilderness to life, showcasing the country's diverse and majestic wildlife. The attention to detail and craftsmanship that went into creating these coins are a testament to the Royal Canadian Mint's commitment to excellence.

Key Dates and Variations

While the 1959 Canadian Proof Set is a single entity, there are some variations and key dates to be aware of:

1959: The first year of the Canadian Wildlife Series, featuring the rock dove, beaver, mackerel, caribou, howling wolf, and train designs.
1960: The first year the Royal Canadian Mint began using a new mint mark, the "Double-9" error, which features a small "9" over a larger "9" on the reverse of the coin.
1964: The first year the Royal Canadian Mint began using a new obverse (front) design, featuring Queen Elizabeth II's portrait.

Grading and Condition

When it comes to collecting the 1959 Canadian Proof Set, condition is everything. The set's value is largely determined by the condition of the coins, with higher grades commanding higher prices. The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) are two of the most reputable coin grading services in the industry.

Here are some general guidelines for grading and condition:

Proof-60 (PF60): A high-grade coin with minimal imperfections, featuring a mirror-like finish and sharp details.
Proof-65 (PF65): A premium coin with minor imperfections, featuring a high-quality finish and well-defined details.
Proof-70 (PF70): A perfect coin with no imperfections, featuring a flawless finish and razor-sharp details.

Value and Rarity

The value of the 1959 Canadian Proof Set can vary greatly depending on the condition, rarity, and demand. Here are some approximate values for the set in different conditions:

Proof-60 (PF60): $500-$700
Proof-65 (PF65): $1,000-$1,500
Proof-70 (PF70): $2,500-$3,500

Keep in mind that these values are approximate and can vary depending on market conditions and the reputation of the seller.

Collecting the 1959 Canadian Proof Set

If you're interested in collecting the 1959 Canadian Proof Set, here are some tips to get you started:

Research: Learn as much as you can about the set, including its history, design, and mintage.
Condition: Look for coins in high-grade condition, with minimal imperfections and a high-quality finish.
Rarity: Be aware of the set's rarity and the demand for it in the market.
Authentication: Make sure to purchase from reputable dealers and have your coins authenticated by a third-party grading service.

By following these tips, you can build a valuable and impressive collection of Canadian coins, including the 1959 Canadian Proof Set.

Conclusion

The 1959 Canadian Proof Set is a highly sought-after collectible among numismatists, and for good reason. Its unique design, low mintage, and high-quality finish make it a valuable addition to any coin collection. Whether you're a seasoned collector or just starting out, the 1959 Canadian Proof Set is a must-have for anyone interested in Canadian coinage.