Yvon Gariepy
Encyclopedia
Yvon Gariepy was the President of the Royal Canadian Mint
Royal Canadian Mint
The Royal Canadian Mint produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations. The Mint also designs and manufactures: precious and base metal collector coins; gold, silver, palladium, and platinum bullion coins; medals, as well as medallions and...

 from 1975 to 1981. In later years, he worked for Canada Post
Canada Post
Canada Post Corporation, known more simply as Canada Post , is the Canadian crown corporation which functions as the country's primary postal operator...

. Mr. Gariepy was a professional member of the Order of Engineers of Quebec, Professional Corporation of Urbanists of Quebec, Canadian Institute of Planners and the Institute of the Public Administration of Canada.

On June 6, 1975, Gariépy was appointed to the position. He officially took over the position from Gordon Hunter the next week and reported to the Finance Minister, John Turner
John Turner
John Napier Wyndham Turner, PC, CC, QC is an English Canadian lawyer and retired politician, who served as the 17th Prime Minister of Canada from June 30 to September 17, 1984....

. Turner became Prime Minister of Canada
Prime Minister of Canada
The Prime Minister of Canada is the primary minister of the Crown, chairman of the Cabinet, and thus head of government for Canada, charged with advising the Canadian monarch or viceroy on the exercise of the executive powers vested in them by the constitution...

 in 1984. At the 1975 Royal Canadian Numismatic Association Annual Convention, he announced the launching of two Olympic gold coins. Gariepy was a coin collector himself.

In 1976, Gariepy’s role as Master of the Mint started to take shape. He officially opened a new RCM facility capable of producing 700 million coins per year per worker shift in Winnipeg in April. The 1976 Summer Olympics
1976 Summer Olympics
The 1976 Summer Olympics, officially known as the Games of the XXI Olympiad, was an international multi-sport event celebrated in Montreal, Quebec, Canada, in 1976. Montreal was awarded the rights to the 1976 Games on May 12, 1970, at the 69th IOC Session in Amsterdam, over the bids of Moscow and...

 in Montreal resulted in a coin program that generated approximately $200 million in gross sales and $50 million in net profit, and the mint produced 8.4 million troy ounces of silver coins, the highest silver consumption for coins in the world.

Gariepy announced that an annual award would be bestowed to the Canadian deemed to have contributed the most to numismatic education in Canada. The award, known as the Royal Canadian Mint Award, was in the form of a sterling silver medal. A panel of numismatists, along with the Royal Canadian Mint, selected the winner, and it was presented at the Annual Royal Canadian Numismatic Association Convention.

The Gold Maple Leaf can be partly attributed to Gariepy. The RCM needed to create a product that would differentiate itself from other mints. The South African Krugerrand
Krugerrand
The Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold. The coin, produced by the South African Mint, proved popular and by 1980 the Krugerrand accounted for 90% of the gold coin market. The name itself is a compound of Kruger and rand, the South...

, the only other gold bullion coin product at the time, was 22 Karat Gold or .9167 pure. Gariepy wanted to produce a purer product, based on the knowledge that the RCM’s refinery was considered the best in the world for quality. In 1979, the RCM struck a .999 pure gold coin featuring the Canadian symbol: a maple leaf. The reverse was designed by the RCM's Master Engraver, Walter Ott, while the obverse featured the effigy of Queen Elizabeth II designed by Arnold Machin.

Another change that was brought about under Gariepy’s leadership was the change of the Prestige Set, a Double Dollar Set that featured a nickel dollar and a silver dollar, to a proof set. The coins were of a specimen finish (brilliant relief on a brilliant background). Under Gariepy, the Prestige Set would be changed to a Proof status. The new Proof Set was introduced in March 1981 with an issue price of $36.00 and all the coins had a frosted relief against a mirror background.

On November 30, 1981, Gariepy resigned as Master of the Mint to take a marketing position with Canada Post
Canada Post
Canada Post Corporation, known more simply as Canada Post , is the Canadian crown corporation which functions as the country's primary postal operator...

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