This coin is a 1949 Canadian commemorative silver dollar, issued to celebrate the entry of Newfoundland into the Canadian Confederation as the tenth province. Design: The reverse depicts the ship Matthew, with which John Cabot is believed to have discovered Terranova, along with the Latin inscription "FLOREAT TERRA NOVA", which means "may the new earth flourish". Composition: It is made of 80% silver and 20% copper. Weight and Dimensions: It weighs 23.33 grams and has a diameter of 36 mm. Mature: 672,218 copies were minted.