The High Demand of the Canadian Silver Maple Leaf Coin

The High Demand of the Canadian Silver Maple Leaf Coin

They decided to package, the silver maple leaf coin in tubes of 25, due to the high demand.

Many minted coins displayed the national symbol of Canada, the mapleleaf. The face values made for the beautiful coin are pennies, five, ten, and twenty cents. Canada introduced the silver dollar in 1935. In 1870, they removed from circulation; melted down, the twenty-cent coin, minting them, into a twenty-five cent coin. They introduced a matching fifty-cent coin the same year. Before 1920, they minted Canadian coins measuring.925 pure silver, commonly known as sterling silver. Needing strength and stability, they used Copper, for the rest of the portion needed.

The value of older Canadian silver coins between 1858 and 1968, made of more than 90 percent pure silver; with the price of silver going up internationally, 1967 and 1968, the Canadian mint shifted to fifty percent ratio from silver to copper in one year. The treasury department decided to make some of the coins fifty percent one year and eighty percent the next, increasing the value. The only way to tell the difference was with a magnet. The more copper it had in it, made the magnet stick to the coin. The beautiful silver maple leaf coin, best known for its extraordinary beauty and value, displaying a three-dimensional maple leaf placed directly on its back; an unusual addition to any collection.

The Canadian government issues a new silver maple leaf coin each year beginning in 1988, as a continuation of a gold coin in 1979. Queen Elizabeth II on the front of the beautiful silver coin on the front, with 5 dollars and the year minted; sporting a maple leaf on the back, with the phrase "Fine Silver 1 oz Argent Pur," at the bottom. The Royal Canadian mint certified the silver purity of this coin as the highest of any coin at.9999 or one troy ounce. Each coin weighs 31.1 grams, making this coin very high in demand. Buying silver, the face value is 5 dollars Canadian. The silver leaf is among international silver bullion, the best buy having the highest face value.

Chris enjoys writing about coins. For more info, check out his site were he discusses the http://www.silvermapleleaf.org, Silver Maple Leaf.

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