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Old And New Canadian Silver Coins Offer Aesthetic Pleasure As Well As Value
THE VALUE OF OLDER CANADIAN SILVER COINSBetween 1858 and 1968, most Canadian coins were made of more than 90% pure silver. Coins were made in face values of five, ten, and twenty cents. The silver dollar was not introduced until 1935. In 1870, the twenty-cent piece was removed from circulation, melted down, and replaced with a twenty-five cent coin, a decision that was perhaps influenced by the popularity of the American quarter. A matching fifty-cent piece was also introduced in the same year.Canadian coins struck prior to 1920 are comprised of .925 pure silver, or sterling silver as it is more commonly known. The remainder of the coin is copper, for strength and durability. Coins struck between 1920 and 1966 are 80% silver by weight.The silver content of Canadian silver coins struck between 1967 and 1968 is a tough call to make and not one to be made by an amateur. The Canadian Mint shifted to a 50% ratio of silver to copper during this time. Some coins are 80% silver in one year and only 50% in the other. The only way to check is to use a magnet. If the magnet sticks, the coin is made of mostly nickel, not silver. If the magnet doesn’t stick, it should be evaluated by a professional to determine content. The first issue of Canadian coins was made in 1858, struck by the Royal Mint in London, England. From time to time, the Royal Mint’s supply of coins was supplemented by the Heaton Mint of Birmingham, England. The Heaton Mint’s products are marked with a tiny “H” on a coin, located under the wreath’s bow. Today’s coins are produced by the Royal Canadian Mint.As with the coins of most countries, uncirculated coins hold a higher value as do rare coins. Coins that have both of these attributes hold an even higher value. Investing in these older coins is an easy and interesting way to collect precious silver, an unusually stable product to own in today’s unsteady international economy. Current Canadian Silver CoinsMinted by the Royal Canadian Mint, the Silver Maple Leaf continues the tradition of fine silver coins for this proud country. The one ounce coin is 99.99% pure silver, making it a full 31.30 grams of fine silver. It has a face value of five dollars. The Silver Maple Leaf is a coin of exceptional beauty, as well as intrinsic value. It has a holograph of a maple leaf struck directly onto its surface, making it an unusual addition to a collection. It was created to give the public an opportunity to own silver in small quantities. INVESTING IN SILVERInvesting in silver coins is an easy way to help protect wealth in a struggling economy. They are widely available from many different sources, both online and locally.Many people get caught up with the various bullish factors and the options for investing in silver. For a great way to get started now with Canadian silver coins, download our Free Guide To Investing In Silver Coins Silver has been one of the most stable investments of the past several years, its value holds relatively steady despite major market shifts in other areas including precious metals. Its value is stable in part because of its many uses, both for decorative items like jewelry and household items, and for its industrial uses. Whether it’s a modern silver Maple Leaf or an older coin, Canadian silver coins offer a solid investment opportunity.
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Canadian silver coins can be an easy and fun way to protect wealth by investing in fine silver. Both those coins struck prior to 1920 as well as today’s beautiful holographic Silver Maple Leaf give everyday investors the opportunity to own their own little piece of the precious metal.Many people get caught up with the various bullish factors and the options for investing in silver.
