In 1939, the Canadian five-cent coin, known as the "nickel," was minted in pure nickel, reflecting Canadas abundant nickel resources. The coins design featured a beaver on a rock, symbolizing the nations unity and natural heritage. This composition choice was economically significant, as it utilized a readily available domestic metal, reducing production costs. The absence of rim denticles or beads on the coins edge was a distinctive design element of that era.
The 1939 five-cent coins design and metal composition were influenced by the economic conditions of the time. The Great Depression, which began in 1929, led to increased demand for durable and cost-effective currency. The use of pure nickel not only showcased Canadas natural resources but also provided a sturdy coinage option during challenging economic times. The beaver design continued to serve as a unifying national symbol, reinforcing Canadian identity during a period of economic hardship