Which Canadian Coins are Silver?
Published on 4/2/2021 by APMEX
American coin collectors often primarily collect U.S. coins. But they may also collect Canadian coins as well, as these are among the more common foreign coins available inside the United States. For the investor who wants to keep coins for their Silver value, Canadian coins can be an excellent alternative to U.S. coins.
Canadian coins, like U.S. coins, used to be made of Silver, though most had a slightly lower content than U.S. coins at 80%. And like U.S. coins, circulating Canadian coinage is no longer made with Precious Metals. If you’re looking to collect Canadian coins for investment or numismatic interest, which ones contain Silver?
Canadian Silver Coins Minted for Circulation
Early Canadian Silver coins were 92.5% pure. These include the following issues:
- Five-Cent Piece (1858-1919)
- Dime (1858-1919)
- Quarter (1870-1919)
- Half Dollar (1870-1919)
The British colonies of North America began minting their own coins around 1858. Previous to this point, they had primarily used coinage from England.
After 1919, Canadian coins went to a lower Silver percentage at 80%. These include the following issues:
- Five-Cent Piece (1920-1921)
- Dime (1920-1967)
- Quarter (1920-1967)
- Half Dollar (1920-1967)
- Dollar (1935-1967)
There are a few issues that were struck at 50% purity for a brief time as well. These include the following issues:
- Dime (1967-1968)
- Quarter (1967-1968)
These coins were all struck originally for circulation and can be found at times sold in bulk for their Silver content, similar to pre-1964 U.S. Silver coins that were struck for circulation.
Canadian Silver Coins Minted for Investment
Some Canadian Silver coins are still currently being struck for investment. The most famous of these is the Canadian Maple Leaf coins, which are among the world’s best-loved Silver bullion coins. Maples are distinguished by their high purity at .9999 Silver. Silver Maple Leaf coins were introduced in 1988 to fill the demand for a high-purity Silver coin, and these are commonly purchased by those who wish to invest in Silver.
Other Silver commemorative and collectible issues that the Royal Canadian Mint comes out with regularly but are not common.
There are quite a few Canadian Silver coins between older circulating coins and newer Canadian Silver coins for investors and collectors. Though none of the current Canadian circulating coins are made of Silver, those looking for Canadian Silver will find many options in older coins and current collectibles and bullion. Browse APMEX’s collection of Canadian Silver today.