06:03:44 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



Royal Canadian Mint Canadian Gold Reserves
Symbol MNT
Shares Issued 18,027,061
Close 2023-08-01 C$ 26.73
Market Cap C$ 481,863,341
Recent Sedar Documents

Royal Canadian Mint rolls out $1 Elsie MacGill coin

2023-08-01 13:02 ET - News Release

Ms. Marie Lemay reports

ROYAL CANADIAN MINT ISSUES A NEW $1 CIRCULATION COIN HONOURING ENGINEER, WOMEN'S RIGHTS CHAMPION AND "QUEEN OF THE HURRICANES" ELSIE MACGILL

The Royal Canadian Mint Canadian Gold Reserves has issued a new $1 commemorative circulation coin honouring Elsie MacGill, an exceptional Canadian who broke barriers as an engineer and leading advocate of women's rights. Responsible for many firsts as a woman studying and practicing engineering, she was celebrated for setting up the Canadian production of the Hawker Hurricane fighter plane during the Second World War. Her lifelong advocacy for women's rights included her appointment to the Royal Commission on the Status of Women in 1967. This special coin recognizing the tremendous legacy of Ms. MacGill begins circulating today.

"Through her dedication and an unshakeable belief that there was nothing women could not do, Elsie MacGill broke the glass ceiling for Canadian women pursuing careers in engineering, and made historic contributions to Canada's efforts during the Second World War," said Chrystia Freeland, Deputy Prime Minister and Minister of Finance. "I am so pleased that this commemorative coin will honour the legacy of a remarkable champion of women's rights, and will share her story with a new generation of Canadians."

"Inspiring Canadians through stories of exceptional achievement is one of the most important functions of commemorative circulation coins," said Marie Lemay, PEng, Ing, president and chief executive officer of the Royal Canadian Mint. "What Elsie MacGill achieved as a trail blazing aeronautical engineer, and as a champion of women's rights, made a difference in her lifetime and continues to influence us today. Hers is a story that needs to be shown and celebrated on a circulation coin that will be shared by millions of Canadians of all ages."

The artwork appearing on the reverse of the 2023 $1 circulation coin celebrating Ms. MacGill is the creation of Tofino, B.C., artist Claire Watson. It features Ms. MacGill holding a pair of rolled-up blueprints. Flying above her is the Maple Leaf Trainer II that she designed and beside her appears one of the over 1,450 Canadian-made Hawker Hurricane fighter planes that she helped produce for the Allied war effort in the Second World War, as chief engineer of Canadian Car and Foundry in Fort William, Ont. (now Thunder Bay). She was known as the "Queen of the Hurricanes" for that unique wartime contribution. Her name, Elsie MacGill, is engraved beneath the fighter plane. The obverse of this coin features the effigy of Queen Elizabeth II by Susanna Blunt.

Ms. MacGill is widely credited as: the first woman in Canada to graduate with a bachelor's degree in electrical engineering (University of Toronto, 1927); the first woman in North America to graduate with a master's degree in aeronautical engineering (University of Michigan, 1929); the first woman in Canada to become a practicing engineer (1938); as well as the first North American woman, and possibly the world's first, to design an aircraft that was produced under her direction through to prototype (the Maple Leaf II trainer). Although her education and career were interrupted in 1929 by a form of polio that affected her mobility for the rest of her life, she persevered and excelled in aeronautics.

In fact, in 1938, she accepted a post as chief engineer at the Canadian Car and Foundry plant in Fort William (Thunder Bay), Ont. Her tenure there lasted until 1943, encompassing the first years of the Second World War. During that time, she played a key role in retooling the factory for the production of over 1,450 Hawker Hurricanes, and spearheaded improvements for cold-weather performance by designing specific adaptations such as ski landing gear and deicing capabilities.

"Apart from all of her other notable achievements, she was a wonderful grandmother. I spent nearly every Sunday evening during my high school years with Elsie and my grandfather, Bill Soulsby," said grandson Rohan Soulsby. "There was never any shortage of interesting conversation around the dinner table as we discussed current events in Canada and around the world, on topics ranging from politics to women's rights to aviation, music and the arts. On top of all that, she also made an awesome peach pie."

After the war, she continued her career in aeronautics, aiding in the development of international civil aviation safety standards. She also increasingly focused on her passionate work as a critical and influential advocate for women's rights and professional equality. She presided over the Canadian Federation of Business and Professional Women's Clubs from 1962 to 1964, and was appointed a commissioner on the Royal Commission on the Status of Women in 1967.

"Elsie MacGill always looked to the horizon in her engineering and feminist endeavours, and sought to move beyond it," said Ms. MacGill biographer Dr. Crystal Sissons. "She was not deterred by setbacks, and she knew the value of teamwork, and harnessing the support and co-operation of her colleagues in both fields to effect the changes she desired. She believed Canadians could work together to soar beyond social and technical limitations."

Limited to a mintage of three million coins, of which two million will be coloured, this new $1 circulation coin begins circulating on Aug. 1, 2023. It will reach Canadians through their change as bank branches and businesses replenish their inventories of $1 coins.

The coloured and uncoloured circulation coin are also available as collectibles in a six-piece collector keepsake coin set. They are packaged in a richly illustrated collector card that contains uncirculated versions of classic 2023-dated circulation coins, from five cents to two dollars.

Other collector products adding to the celebration of Ms. MacGill include:

  • Coloured and uncoloured limited-edition special wrap rolls of 25 uncirculated coins each (uncoloured rolls only available in a special wrap roll set); and
  • A commemorative collector keepsake card featuring both versions of the circulation coin, packaged with uncirculated versions of 2023 classic circulation coins (five-cent to $2).

These collectibles can be ordered as of today by contacting the Mint at 1-800-267-1871 in Canada, 1-800-268-6468 in the United States, or on-line at the Mint's website. They are also available at the Royal Canadian Mint's Ottawa and Winnipeg boutiques, as well as through the Mint's global network of dealers and distributors, including participating Canada Post outlets.

About Royal Canadian Mint Canadian Gold Reserves

The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada's prestigious military and civilian honours. As an established London and COMEX good delivery refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services. As an organization that strives to take better care of the environment, to cultivate safe and inclusive workplaces, and to make a positive impact on the communities where it operates, the Mint integrates environmental, social and governance practices in every aspect of its operations.

© 2024 Canjex Publishing Ltd. All rights reserved.