This new Canadian coin looks like a colourful dime but it's worth so much more (PHOTOS)

It features a boat sailing through blue waters.

two canadian dimes on a $10 bill

Canadian dimes.

Embe2006 | Dreamstime
Senior Writer

There's a new coin that looks like a colourful dime with a boat sailing through blue waters.

But it's worth a lot more than Canada's 10-cent coin!

Recently, the Royal Canadian Mint put out the Tall Ships: Three-masted Schooner – Fine Silver Coin.

This Canadian coin was designed by artist John M. Horton and features a starboard view of a three-masted schooner at full sail.

The starboard side of the boat is lifting as it sails, and there's a full cargo of lumber on the deck.

With this design and the raised etchings of clouds and seabirds, it looks like the boat is sailing in the ocean on a windy day.

Canada's new coin is enhanced with selective colour, including blue for the water, red for the flag atop the ship, and beige for the ship's sails.

It has a face value of $15, but it's reminiscent of the 10-cent coin.

The dime features another schooner, Bluenose, which was a legendary racing and fishing boat from Nova Scotia.

reverse side of tall ships three master schooner fine silver coin from royal candaian mintTall Ships: Three-masted Schooner Fine Silver Coin.Royal Canadian Mint

This new coin also features the Canadian Red Ensign, a nautical flag Canadian ships started flying in the 1890s.

It was actually Canada's flag after confederation, and it combined the Union Jack with variations of the shield of Canada, according to the Mint.

The Canadian Red Ensign was replaced by the Maple Leaf flag in 1965.


obverse side of tall ships three masted schooner finer silver coin with king charles effigyKing Charles effigy on Tall Ships: Three-masted Schooner Fine Silver Coin.Royal Canadian Mint

The obverse side of the coin features the effigy of King Charles III, designed by Canadian artist Steven Rosati.

Unlike dimes, this isn't a circulation coin. That means you have to pay for it.

The Tall Ships: Three-masted Schooner coin costs $99.95 and can be purchased through the Royal Canadian Mint.

There is a limited mintage of 15,000 of these colourful coins.

This article's cover image was used for illustrative purposes only.

  • Senior Writer

    Lisa Belmonte (she/her) is a Senior Writer with Narcity Media. After graduating with a Bachelor of Journalism from Toronto Metropolitan University (formerly Ryerson University), she joined the Narcity team. Lisa covers news and notices from across the country from a Canada-wide perspective. Her early coverage of the COVID-19 pandemic earned Narcity its first-ever national journalism award nomination.

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