The name Canada Hoard is derived from the gold reserves of the Canadian government at that time. Canada was still part of the British Commonwealth between 1912 and 1914. At this time, a total of 295,814 copies of the CAD $ 5 coin and 364,059 copies of the CAD $ 10 coin were minted. In 1908 the Royal Canadian Mint was commissioned by the British Royal Mint to mint the gold reserves extracted from the north-western Indian area into the first gold coins for circulation in Canada. On both the then British regent King George V is depicted on the front and on the back the old military coat of arms of the four then British provinces of Ontario, Nova Scotia, New Brunswick and Quebec. Due to the First World War, the minting was stopped in 1914 and the gold coins in circulation were withdrawn by the government to finance the war. By 2015 Canada had dissolved its own gold reserves to finance the state budget. The sales program included the sale of 30,000 high quality Canadian Hoards while the remaining gold coins were melted down.