1978 Canadian Beaver Five-Cent Nickel Coin
Coin/Bullion · Royal Canadian Mint (RCM). The RCM is the crown corporation responsible for the production of all Canada's circulation coins, founded in 1908.
Pattern: Elizabeth II Beaver Reverse, introduced in 1937 and designed by G.E. Kruger-Gray.
Type
Coin/Bullion
Maker
Royal Canadian Mint (RCM). The RCM is the crown corporation responsible for the production of all Canada's circulation coins, founded in 1908.
Material
99.9% Nickel (Note: This is not silver; Canadian nickels from 1922-1981 were made of high-purity nickel). Weight: 4.54 grams.
Dimensions
Diameter: 21.21 mm; Thickness: 1.76 mm; Weight: 4.54 grams (0.16 oz).
Description
A classic example of Canadian numismatic history, this 1978 nickel features the iconic beaver design. While its metallic sheen mimics silver, it is composed of pure nickel, which gives it a distinct magnetic property and exceptional durability compared to softer silver coinage.
Key Features
Beaver reverse design by G.E. Kruger-Gray; 99.9% nickel composition; 'K-G' designer initials.
Material & Composition
99.9% Nickel (Note: This is not silver; Canadian nickels from 1922-1981 were made of high-purity nickel). Weight: 4.54 grams.
Finish & Decoration
Circulated strike with a reeded edge (non-functional for silver-check, smooth edge). Reverse features a beaver on a log in water, flanked by maple leaves. Obverse (not shown) features the second effigy of Queen Elizabeth II by Arnold Machin.
Hallmarks & Stamps
No silver hallmarks. Includes the 'K-G' initials for designer Kruger-Gray, '5 CENTS', 'CANADA 1978' on the reverse.
Construction Details
Machine-struck/Die-struck at the Ottawa or Winnipeg branch of the Royal Canadian Mint.
Functional Features
Standard legal tender circulation currency. Magnetic (unlike silver) due to the high nickel content.
Handle & Grip Details
N/A (Numismatic item)
Craftsmanship Details
Standard industrial coinage craftsmanship. High-relief die striking with sharp denticles along the rim. Minimal wear on the 1978 date suggests it was pulled from circulation early or stored reasonably well.
Authentication Indicators
The coin is magnetic, which is the primary indicator that it is nickel and not a silver striking or counterfeit. Proper weight of 4.54g and standard 21.21mm diameter.
Origin & Manufacturing
Canada; manufactured at the Royal Canadian Mint facility in either Ottawa or Winnipeg.
Era & Period
Late 20th Century / Elizabeth II Era (Modern Circulation).
Age Estimate
Dated 1978 (46 years old at time of analysis).
Cultural Significance
The beaver is one of Canada's most important national symbols, representing the fur trade history that led to the development of the nation. It reflects Canadian identity and natural heritage.
Condition Notes
Circulated/Fine to Very Fine condition. Shows visible surface wear, small scratches (bag marks), and flattening on the beaver's fur and the maple leaves. Moderate tarnish/grime in the recessed lettering.
Value Estimate
Face value ($0.05 CAD). High-grade uncirculated examples may sell for $1-$5 USD to collectors; circulated examples have negligible premium above face value or nickel melt value.
Care & Maintenance
Do not clean with silver polish or abrasives, as this destroys numismatic value. Store in a PVC-free coin flip or cardboard 2x2. Avoid handling with bare fingers to prevent oil transfer.
Similar Pieces
1943-1945 Tombac (brass) nickels; 1951 Victory nickels; 1967 Centennial Rabbit nickels; Pre-1922 Canadian silver 5-cent pieces (known as 'fish scales').
Interesting Facts
The beaver design was first introduced in 1937 to replace the 'two maple leaves' design and has remained the standard for over 80 years. In 1978, the mint produced over 138 million of these nickels.