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The Canadian Silver Maple Leaf coin was introduced in 1988 and has since then been in continuous production.
The obverse portrays the effigy of Queen Elizabeth II. The reason for picturing Her Majesty the Queen stems from Canada’s membership of the United Kingdom’s Commonwealth of Nations. By being a member of the Commonwealth, Canada has Queen Elizabeth II as its reigning constitutional monarch. Above the Queen’s effigy is her name “ELIZABETH II” and inscribed at the bottom of the coin is its nominal face value of 5 dollars and the year of mintage.
The reverse shows Canada’s national symbol, the Maple Leaf, and above it is the text “CANADA”. On each side of the Maple Leaf four nines are visible, and engraved underneath is the tiny security mark and likewise the text “FINE SILVER 1 OZ ARGENT PUR”, where the later part of the sentence means “1 ounce of pure silver”.
The price of Canadian Silver Maple Leafs is determined by their .9999 fine silver content
By witnessing the success of its flagship coin, the Gold Maple Leaf, the Canadian Mint introduced in 1988 the Silver Maple Leaf coin. Although not the first legal tender coin to contain one ounce of silver, a title held by the American Silver Eagle and Chinese Silver Panda coin, it was the first to contain a silver purity of 99.99%. In recent years, other renowned government mints have issued their own legal tender one-ounce silver coins, for instance the Austrian Mint with the Silver Philharmonic, or the Perth Mint with the Silver Kookaburra, but in contrast to the Maple Leaf’s purity of four nines they all contain one nine fewer. To this date, the Canadian Silver Maple Leaf coin is the world’s only legal tender coin to have such peerless purity.
|1 oz Canadian Maple Leaf Silver Coin||Silver weight|
|Weight||Nominal||Diameter in mm||Sample||Weight in g||Grams||Ounces|
|1 oz||5 dollars||38||999||31.1346||31.10347||1|