Canada is renowned for a lot of things such as its appetizing maple syrup, wide open spaces, good skiing areas and the little towns in Saskatchewan. Besides from those, Canada is 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 facts about the Canadian Silver dollars, following are interesting facts that you could need to know.
Varieties
Canada’s silver dollars have been preferred by collectors and inventors both for its beauty and historical value. The obverse features the monarch at 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 notice faint lines in the background and they represent the Northern Lights. This design was used on the dollar until 1986. In 1987, previously it was replaced by the Canadian 1 dollar coin. Interestingly, by 1967 the coin was not any 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 Forms 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 as well as the 1987 Loon. Only two of these four types have a noteworthy amount of silver. The very first type is believed to be 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 another metal. The following coins are made from nickel. On the other hand, a small amount of silver is added to the coins in 1971.
To see if the Canadian Voyageur silver dollar is authentic, always check 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. Its an image of the building as an alternative for the Voyageurs.
Specifications
Each of the four types of silver dollars has different specifications. The very first type which was minted around 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 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. Make certain that when you are buying coins, you decide on with a legitimate coin collector or trader. On the other hand, if you are selling coins, be certain that you provide the coins specification to the potential buyer. You could opt to sell your Canadian silver coins into a local coin dealer. Moreover, you can sell your coins online with a 3rd party company or through ebay.
Canadian Silver Dollars have several varieties throughout time. Knowing the specification of each coin is vital especially if you intend to purchase or sell the coins. There are lots of resources online that will assist you to understand the coins better. Make research beforehand prior to purchasing or sell coins.
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