Canadian Silver Coins Overview
For precious metals investors, silver coins may represent an excellent value. There is a vast amount of silver coins to choose from, and they are produced by many of the world’s leading mints. Canada produces some of the most popular silver coins on the market today, and they come in many different designs. The most popular silver coin weight is the standard 1 ounce coin, although some smaller weights are also available.
Canadian silver coins can be bought at coin shops as well as from online dealers, and are easily transported. Due to their small size, Canadian silver coins can be stored in a home safe, a bank safe deposit box or in the depository of your choice. Certain Canadian silver coins may be eligible for purchase in an IRA account. Of course, you should consult your tax professional prior to purchasing for an IRA to determine eligibility and to ensure that proper guidelines are followed.
Popular Candian Silver Coins
The Royal Canadian Mint produces some of the finest Canadian silver coins, and it is known all over the world for its amazing design work, overall quality and craftsmanship.The mint was founded in 1908 as the sovereign mint of Canada, taking over for the Royal Mint of London. The Royal Canadian Mint tends to feature designs that celebrate the nation’s landscape, natural beauty and wildlife. The sugar maple leaf design is a prime example of the beauty produced by the RCM, and it is an iconic symbol of Canada.
One of the most popular Canadian silver coins is the Canadian Silver Maple Leaf coin. This coin is a hit among investors and collectors alike, and it contains one ounce of .9999 percent fine silver. This coin is also considered good, legal tender and carries a face value of $5 (CAD).
This coin features the iconic maple leaf design, as well as inscriptions of the coin’s weight and purity. The coin also features the profile portrait of Her Majesty, Queen Elizabeth II as well as inscriptions of the coin’s face value and production year. The Canadian Silver Maple Leaf coin is only available in the standard 1 ounce weight.
Canadian Silver Maple Leaf coins are available in both bullion as well as proof version. Proof version coins have been thoroughly inspected for any flaws as well as their metal content and purity. These coins are then assigned a grade on the coin grading scale. Generally speaking, proof coins will carry higher premiums than bullion coins, with the highest graded coins being the most expensive.
Canadian Silver Maple Leaf coins are also available in numerous other versions such as the gilded and colorized versions. Bullion version coins tend to have the lowest premiums over spot, and they tend to have very reasonable premiums.
If you are looking for a visually appealing, high purity and symbolic Canadian silver coin, then the Canadian Silver Maple Leaf coin is worth consideration. With great liquidity, these coins are available at many coin shops and online dealers.