Canadian Silver Maple Leaf

Overview

The Canadian Silver Maple Leaf coin is a silver bullion coin issued by the Canadian government yearly since 1988 following the Gold Maple Leaf’s success, which was first minted in 1979. The Royal Canadian Mint manufactures the coin. It is also one of the most popular silver bullion coins globally, coming in second to the American Silver Eagle. 

The coin contains 99.99% fine silver and weighs one troy ounce (31.10 grams).

Design

Like the Gold Maple Leaf, the Silver Maple Leaf’s obverse side depicts the portrait of Queen Elizabeth II. This coin, however, presents three versions of Queen Elizabeth II’s portrait designed by three different designers. The first version was designed by Arnold Machin and was shown on the coin from 1988 until 1989. The second one was from 1990 until 2003 and was designed by Dora de Pédery-Hunt, and lastly, from 2004 until today, the design was by Susanna Blunt. The obverse side also shows the words ELIZABETH II, the face value, and the year minted.

The reverse side shows the signature maple leaf. This side of the coin shows the words CANADA and FINE SILVER 1 OZ.

Value

When determining the value of a Silver Maple Leaf Coin, four factors needs to be considered:

  • The spot price of silver
  • Condition
  • Year
  • Mint Mark

Nevada Coin Mart not only pays for the coins for their precious metal content but also the collectible value, which is why the condition, year, and mint mark play an important role. If your Silver Maple Leaf coin is in mint condition and was minted earlier, it means it holds more value.

Reference

https://en.wikipedia.org/wiki/Canadian_Silver_Maple_Leaf 

https://www.providentmetals.com/knowledge-center/precious-metals-resources/silver-maple.htm