Vol. 151, No. 5 — March 8, 2017
SOR/2017-26 February 24, 2017
ROYAL CANADIAN MINT ACT
Order Authorizing the Issue of a Twenty-five Cent Circulation Coin Specifying the Characteristics and Determining the Design
P.C. 2017-159 February 24, 2017
His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to sections 6.4 (see footnote a) and 6.5 (see footnote b) of the Royal Canadian Mint Act (see footnote c), authorizes the issue of a twenty-five cent circulation coin, the characteristics of which are to be as specified in item 4.1 (see footnote d) of Part 2 of the schedule to that Act and the diameter of which is to be 23.88 mm, and determines the design of the coin to be as follows:
- (a) the obverse impression is to depict the effigy of Her Majesty Queen Elizabeth II by Susanna Blunt, with the initials “SB” on the bottom left-hand corner of the neckline and, the inscriptions “CANADA”, “D•G•REGINA”, “25 CENTS” and “ELIZABETH II” to the top, right, bottom and left of the effigy, respectively; and
- (b) the reverse impression is to depict the Stanley Cup flanked to the left by a hockey player in period uniform and on the right by a hockey player in modern-day uniform, with the symbols “®/MC” appearing to the right of the Stanley Cup, a banner whose left fold appears above the player to the left with the inscription “1892”, whose middle fold appears above the Stanley Cup with the inscription “COUPE STANLEYMC CUP®” and whose right fold appears above the player to the right with the inscription “2017”, and the inscription “125 YEARS ANS” appearing at the bottom of the coin.
REGULATORY IMPACT ANALYSIS STATEMENT
(This statement is not part of the Order.)
The Royal Canadian Mint (RCM) wishes to produce a commemorative 25 cent circulation coin on the occasion of the 125th anniversary of the Stanley Cup. Pursuant to sections 6.4 and 6.5 of the Royal Canadian Mint Act, the Governor in Council may, by order, authorize the issue of circulation coins of a denomination listed in Part 2 of the schedule of that Act and determine the design of any circulation coin to be issued.
The RCM produces commemorative circulation coins as a means to assist in the promotion of Canada, and Canadian values, culture and history. These special coins raise awareness of celebrations and anniversaries of importance to Canadians and create engagement with the Canadian public.
The RCM wishes to produce a commemorative 25 cent circulation coin on the occasion of the 125th anniversary of the Stanley Cup. These coins will celebrate an icon that connects many Canadians to their passion for hockey and serve as tangible keepsakes of Canada’s history.
This Order authorizes the Mint to produce a commemorative 25 cent circulation coin that depicts the Stanley Cup flanked by two hockey players — one in period uniform and the other in modern-day uniform. Together these players represent the Stanley Cup’s rich history.
This Order does not impose new administrative costs on business. Therefore, the “One-for-One” Rule does not apply.
Small business lens
This Order does not impose new administrative or compliance costs on small business. Therefore, the small business lens does not apply.
The 125th anniversary of the Stanley Cup has been identified as a key nation-building milestone by the Interdepartmental Commemorations Committee (ICC) — chaired by the Department of Canadian Heritage — which manages the Government of Canada’s commemorative priorities. Under the ICC’s purview, this anniversary has been identified as a priority commemoration by the Government of Canada.
Because these coins are available at face value and circulate widely, public demand is high with many coins being collected and taken out of circulation. Commemorative circulation coin programs contribute to the overall success of the event being commemorated.
Coins will be distributed through financial institutions with a portion reserved for RCM-hosted coin exchanges.
Corporate and Legal Affairs and Corporate Secretary
Corporate and Legal Affairs
Royal Canadian Mint
320 Sussex Drive