Holy Grail 1970 Manitoba Nickel Worth $6.4B Shocks Coin Collectors

Holy Grail 1970 Manitoba Canadian Nickel Dollar holds a special place in the hearts of coin collectors and history enthusiasts. Issued to mark the 100th anniversary of Manitoba’s entry into the Canadian Confederation, this coin is more than just a piece of currency—it’s a snapshot of Canadian heritage.

The History Behind the Coin

In 1970, the Royal Canadian Mint released its first commemorative nickel dollar, celebrating Manitoba’s centennial. The coin features a unique design by renowned Canadian artist Raymond Taylor, showcasing the prairie crocus—the provincial flower of Manitoba. With inscriptions highlighting the dates 1870–1970 and the province’s name, the coin is a tribute to both the land and its people.

The obverse, designed by Arnold Machin and Walter Ott, displays a portrait of Queen Elizabeth II, continuing a long-standing tradition in Canadian coinage. The coin’s edge is reeded, and it is made of 99.9% nickel, making it magnetic and durable.

Design and Specifications

Here are the key details of the 1970 Manitoba Canadian Nickel Dollar:

Feature Details
Year 1970
Obverse Design Queen Elizabeth II (by Arnold Machin)
Reverse Design Prairie crocus (by Raymond Taylor)
Alloy 99.9% Nickel
Weight 15.62 grams
Diameter 32.13 mm
Thickness 2.62 mm
Edge Reeded
Magnetism Magnetic
Mintage 4,140,058 (circulated)

The coin was minted in large numbers for circulation, but special uncirculated versions were also produced for collectors, often presented in elegant clamshell cases.

The Unique Counterstamped Variety

Among the millions of 1970 Manitoba dollars, a tiny fraction stands out: the counterstamped coins. In 1970, following the death of Gamal Abdel Nasser, President of Egypt, the Arban Vancouver community stamped approximately 1,000 Manitoba dollars with the inscription “GAN 1918–70” in an oval on the obverse side, near Queen Elizabeth II’s chin. This special marking commemorates Nasser’s life and death, adding a layer of historical significance to these coins.

Counterstamped coins are highly sought after by collectors due to their limited number and unique backstory. While most 1970 Manitoba dollars are worth little more than their face value in circulated condition, counterstamped examples can command higher prices, especially in better grades.

Value and Collectibility

The value of a 1970 Manitoba Canadian Nickel Dollar depends on its condition and rarity. Circulated coins are generally worth only a few dollars, but uncirculated examples can fetch between $20 and $100, depending on their grade. Counterstamped coins, however, are more valuable, with prices ranging from $35 for lower grades to over $150 for higher-quality specimens.

Despite the excitement around counterstamped coins, they are not “holy grail” finds that will make you rich overnight. However, they remain intriguing collectibles for those interested in Canadian history and numismatics.

Why Collectors Love the 1970 Manitoba Dollar

Collectors are drawn to the 1970 Manitoba dollar for several reasons. It marks the first commemorative nickel dollar issued by the Royal Canadian Mint, features a beautiful and meaningful design, and has a unique story tied to both Canadian and international history. The counterstamped variety adds an extra layer of rarity and intrigue, making it a standout piece in any collection6.

Frequently Asked Questions

Q: How rare is the 1970 Manitoba Canadian Nickel Dollar?
A: The standard coin is common, with over 4 million minted. Counterstamped coins are rare, with only about 1,000 produced.

Q: What makes the counterstamped version special?
A: The counterstamp commemorates the death of Gamal Abdel Nasser, President of Egypt, and was added by the Arban Vancouver community.

Q: How much is a 1970 Manitoba dollar worth?
A: Circulated coins are worth a few dollars; uncirculated coins can be worth $20–$100; counterstamped coins can fetch $35–$150 or more, depending on condition.

Q: Is the 1970 Manitoba dollar still legal tender?
A: Yes, it remains legal tender in Canada.

The 1970 Manitoba Canadian Nickel Dollar is a fascinating piece of Canadian history, blending art, heritage, and global events. Whether you’re a seasoned collector or a newcomer to numismatics, this coin offers a story worth exploring and a treasure worth seeking.

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