Things You Need To Know About Canadian Silver Dollars

Published: 29th March 2012
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Canada is better known for a lot of things such as its appetizing maple syrup, wide open spaces, good skiing areas and the little towns in Saskatchewan. Aside from those, Canada is well known for its silver dollars. In 1935, the Royal Canadian Mint issued the very first silver dollar to commemorate King George V’s Silver Jubilee. To discover more about the Canadian Silver dollars, following are interesting facts that you could need to know.

Canada’s silver dollars have already been sought after by collectors and inventors both for its beauty and historical value. The obverse stresses the monarch at the moment. King George V. Emanuel Hahn designed the reverse side of the coin. He sculpted the image of a Voyageur and the aboriginal paddling a birch-bark canoe. If you happen to will look closely, you see faint lines in the background and they represent the Northern Lights. The said design was utilized on the dollar until 1986. In 1987, previously it was replaced by the Canadian 1 dollar coin. Interestingly, by 1967 the coin was no longer issued for circulation. After that year, the coin is no longer made of silver but of nickel except for the non-circulating memorial issues for the collector market.

Different Kinds of Canadian Silver Dollars
The Canadian Silver dollar coins have four types. They're the 1935 – 1967 Silver Dollar, the 1968 Voyageur, the 1971 Silver Dollar and the 1987 Loon. Just two of such four types have a noteworthy amount of silver. The first type is known as the Voyageur coin. Its design was released from 1935 up to present. From 1935 up to the year 1966, the coin is made up of .6000 ounce of silver. From the year 1967, the Royal Canadian Mint made a decision to stop the silver production and switched the composition of the coin to a different metal. The subsequent coins are made of nickel. On the other hand, a little amount of silver is added to the coins in 1971.

To see if ever the Canadian Voyageur silver dollar is authentic, always look for its obverse design. Its obverse should feature the image of George V or Elizabeth II. Moreover, in 1939 the Royal Canadian Mint emerged with a silver dollar reverse design to honor the royal visit. It is an image of the building as an alternative for the Voyageurs.

Each of the four varieties of silver dollars has different specifications. The first type which was minted in the year 1935 – 1967 features a diameter of 36mm and .6000 silver content. The Voyageur is measured 32mm in diameter and 15.3g in weight. The 1971 coin measures 35mm in diameter and 232.3276g in weight. It contains .3750 silver. The very last type that is the Loon coin measures 25mm in diameter. It doesn't contain any silver.

Trading Silver Coins
Trading Canadian Silver coins is simple yet very tricky. Make certain that if you find yourself buying coins, you buy with a legitimate coin collector or trader. Nevertheless, if you are selling coins, be certain that you give the coins specification to the potential buyer. You can opt to sell your Canadian silver coins to a local coin dealer. Moreover, you can also market your coins online with a third party company or through ebay.

Canadian Silver Dollars have several varieties through the years. Being aware of the specification of each coin is vital especially if you have to purchase or sell the coins. There are numerous resources online that will assist you to understand the coins better. Make research beforehand prior to buying or sell coins.

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