Canadian bullion silver coins can be a good investment. This is especially so these days with silver prices rising and inflation on the prowl. Canadian silver bullion coins are not only valuable, but they are beautiful as well.
If you are looking to buy Canadian bullion coins or other numismatic pieces, or if you wish to sell your coins, seek out a coin store New York NY.
The Canadian Maple Leaf Silver Bullion Coin
The Canadian Silver Maple Leaf is Canada’s official silver bullion coin. It has been minted every year since 1988 by the Royal Canadian Mint (RCM). This coin is one of the best-selling bullion coins in the world.
The Silver Maple leaf is legal tender. The coin weighs 1 troy ounce coin has a face value of $5 Canadian dollars. It has a diameter of 38 mm and a thickness of 3.29 mm. The $5 face value represents the highest value of any international silver bullion coin. This coin carries the highest degree of purity of any government-minted silver bullion coin, at 99.99% pure silver. Other bullion silver coins are generally minted at a 99.9% silver value.
Design of the Silver Maple Leaf Coin
The obverse of the coin depicts an image of Queen Elizabeth II. The reverse side shows a beautifully designed maple leaf, the national symbol of Canada. In addition to the standard design, there are commemorative issues with different depictions.
The RCM began issuing these bullion coins in 1988. For non-commemorative versions, mintages range from a low of 100,970 in 1997 to many years, particularly those from 2011 to the present, with well over 20,000,000 coins struck. Some of the commemorative editions are much scarcer, with only low thousands struck. The version with the most limited mintage is the 2005 Liberation Tulip Privy Maple Leaf, 3,500 of which were struck.