Truth You Need To Know About Canadian Silver Dollars
Canada is renowned for so many things such as its appetizing maple syrup, wide open spaces, good skiing areas and the little towns in Saskatchewan. Other than those, Canada is known for its silver dollars. In 1935, the Royal Canadian Mint issued the pioneer silver dollar to commemorate King George V’s Silver Jubilee. To know more facts about the Canadian Silver dollars, following are interesting facts that you could want to know.
Varieties
Canada’s silver dollars have already been preferred by collectors and inventors both for its beauty and historical value. The obverse highlights the monarch during that time. 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 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, it was replaced by the Canadian 1 dollar coin. Interestingly, by 1967 the coin was no longer issued for circulation. Following 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 Forms of Canadian Silver Dollars
The Canadian Silver dollar coins have four types. They are the 1935 – 1967 Silver Dollar, the 1968 Voyageur, the 1971 Silver Dollar as well as the 1987 Loon. Only two of these four types contain a noteworthy amount of silver. The first type is believed to be the Voyageur coin. Its design was released from 1935 up to present. From 1935 up until the year 1966, the coin is made up of .6000 ounce of silver. From the year 1967, the Royal Canadian Mint decided to stop the silver production and switched the composition of the coin to another metal. The following coins are made of nickel. On the other hand, a small amount of silver is added to the coins in 1971.
To verify if 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 came out with a silver dollar reverse design to honor the royal visit. It really is an image of the building as an alternative for the Voyageurs.
Specifications
Each of the four types of silver dollars has different specifications. The first type that 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 last type which is the Loon coin measures 25mm in diameter. It doesn’t contain any silver.
Trading Silver Coins
Trading Canadian Silver coins is easy yet very tricky. Ensure that when you are buying coins, you purchase with a legitimate coin collector or trader. However, if you are selling coins, be sure that you provide the coins specification to the potential buyer. You could see fit to sell your Canadian silver coins into a local coin dealer. Moreover, you can also sell your coins online with a 3rd party company or through ebay.
Canadian Silver Dollars have several varieties through the years. Understanding the specification of each coin is important especially if you would like to purchase or sell the coins. There are various resources online that will help you understand the coins better. Make your research beforehand prior to purchasing or sell coins.
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