2009 Canada Fine Silver $20 Coin - Coal Mining Trade

2009 Canada Fine Silver $20 Coin - Coal Mining Trade

Face Value: $20
Mintage: 10000
Composition: 99.99% Silver
Weight (g): 31.39
Diameter (mm): 38.0
Finish: Proof

Design: In Canada, it was the late 1600's when the reserves of coal along the east coast first came to light. Visible in the outcroppings of cliffs along the shoreline, the valuable fuel source was easy pickings for the French military and early settlers.

Authorities soon realized a potential source of wealth lay in the ground beneath them and opened the first commercial coal mine in 1720 in Port Morien (Cow Bay) in Cape Breton (Nova Scotia). Four years later, coal was shipped to Boston; the first recorded mineral export from Canada. By 1873, there were eight coal companies operating in the region. Theirs were some of the most extensive mining operations in the world.

Coal was the economic fuel of many communities—the prosperity of town and mine linked directly to each other as company stores and housing quickly disappeared when the coal ran out. From east to west, scenarios like this played out wherever coal was being harvested from the ground. Although production in Ontario and Quebec was limited, it was Nova Scotian coal that fuelled their industrial development for almost a century.