Silver collectors and investors have been enamored with the Silver Maple Leaf coin for quite some time now. They are considered to be one of the most beautiful silver coins made, and they are also one of the most popular silver coins.
Silver Maple Leaf Coin History
The Canadian Royal Mint was responsible for producing the first Canadian Silver Maple Leaf in 1988. They determined that after the success of the Canadian Gold Maple Leaf coin in 1979, that the next logical step was to produce a silver version of the coin.
All Silver Maple Leaf coins – sold in the1 oz. size, are made of 99.99% pure silver. The total weight of these coins is 31.104 grams, and 31.10 grams of that is fine silver.
Each five-dollar coin contains one full troy ounce of silver and features the queen’s portrait on one side and the famous Maple Leaf design on the other. It also contains the special Titanic privy mark! When you purchase one of these coins it should be “Brilliant Uncirculated” (BU) and it should be sealed in the original mint soft clear plastic. The face value will show as $ 5.
Idea Behind the Maple Leaf Silver Coin
The main idea behind the coin was to allow collectors and investors to buy a smaller amount of silver, while at the same time having something beautiful to look at. This worked out well, as the coin has very strong appeal to collectors around the world. They rank right up there with Silver American Eagles.
How to Locate and Buy a Maple Leaf Silver Coin
There is good and bad news here. The good news is that you can indeed track one down if you rally try, the bad news is that it may be somewhat time consuming.
It is believed that around 26,000 Silver Maple Leaf coins were minted, although that number may be different depending on whom you speak with. When they were originally minted they were all sold to one dealer and have been in short supply ever since.
The best way to track one of these coins down is to go to local (and non-local) coin and collector shops. You also may be able to track one down online at an auction somewhere.
The appeal of the Silver Maple Leaf Coin is universal. Every collector wants one. If you are lucky enough to track one down, then do what you can do purchase it at a fair price. Good luck with you search!
2011/09/07
Silver