The 1936 Dot Dime is one of the most coveted coins in Canadian numismatics, with only five known examples in existence.
This extraordinary rarity has fetched auction prices exceeding $200,000 CAD, making it a true “holy grail” for collectors.
But what exactly makes this tiny silver coin so valuable? Let’s explore its fascinating history, rarity, and the factors that contribute to its immense worth.
Historical Context: A Coin Born from Royal Turmoil
The 1936 Dot Dime emerged during a period of significant upheaval in the British monarchy. King George V passed away in January 1936, and his son, Edward VIII, ascended the throne. However, Edward VIII abdicated in December 1936 to marry Wallis Simpson, leading to a constitutional crisis.
This unexpected turn left the Royal Canadian Mint unprepared to produce coinage bearing the effigy of the new monarch, George VI, for the upcoming year.
To address the imminent coin shortage in early 1937, the Mint decided to continue using the 1936 dies featuring George V’s portrait.
To distinguish these new strikes from the original 1936 coins, a small dot was added to the reverse side of the coins, just below the wreath’s bow. This subtle mark signified that the coins were minted in 1937, despite bearing the 1936 date.
Why the 1936 Dot Dime Is So Rare
Despite the plan to release these modified coins into circulation, the 1936 Dot Dime was never officially issued. Only five specimens are known to exist today, making it one of the rarest Canadian coins. The reasons for its rarity include:
- Limited Production: The coins were produced in extremely small numbers, primarily as test pieces.
- Non-Circulation: They were never released into general circulation, further limiting their availability.
- Melting of Coins: It’s believed that most of the produced coins were melted down, leaving only a few surviving examples.
Auction Records and Market Value
The 1936 Dot Dime has achieved remarkable prices at auctions:
- 2010: A specimen graded SP-68 sold for $184,000 USD.
- 2019: Another example fetched $87,800 CAD at auction.
Given their rarity and historical significance, these coins are highly sought after by collectors, with valuations ranging from $144,500 to $245,000 CAD.
Coin Specifications
| Feature | Details |
|---|---|
| Denomination | 10 Cents |
| Year | 1936 (minted in 1937) |
| Composition | 80% Silver, 20% Copper |
| Weight | 2.32 grams |
| Diameter | 18.03 mm |
| Edge | Reeded |
| Obverse Design | Bust of King George V |
| Reverse Design | Wreath of maple leaves with a crown |
| Mint Mark | None |
| Special Feature | Dot below the bow on the reverse side |
Factors Contributing to Its Value
Several elements contribute to the 1936 Dot Dime’s exceptional value:
- Extreme Rarity: With only five known examples, its scarcity is unparalleled.
- Historical Significance: The coin represents a unique period in British and Canadian history.
- Collector Demand: High demand among numismatists drives up its market value.
- Condition: Coins in superior condition (e.g., SP-68) command higher prices.
The 1936 Dot Dime stands as a testament to a unique moment in Canadian history, embodying both the nation’s royal heritage and its numismatic legacy.
Its extreme rarity, coupled with its historical significance, makes it one of the most valuable and sought-after coins in Canada. For collectors and history enthusiasts alike, the 1936 Dot Dime is more than just a coin—it’s a piece of Canadian heritage.
FAQs
How can I identify a genuine 1936 Dot Dime?
A genuine 1936 Dot Dime will have a small dot below the bow on the reverse side. However, due to the prevalence of counterfeits, it’s crucial to have the coin authenticated by a reputable grading service.
Are there other “Dot” coins from 1936?
Yes, the Royal Canadian Mint also produced 1936 Dot Cent and 1936 Dot Quarter coins under similar circumstances. These coins are also rare and highly valued.
Why were the 1936 Dot Dimes never circulated?
The coins were intended as a temporary solution during the transition between monarchs. However, by the time they were ready, new dies for King George VI were prepared, rendering the Dot coins unnecessary for circulation.
What should I do if I think I have a 1936 Dot Dime?
If you believe you possess a 1936 Dot Dime, consult with a professional numismatist or a reputable coin grading service to verify its authenticity and value.