Canadian silver dollars are suitable whether you are an experienced coin collector or an investor who wants to diversify the portfolio with real physical assets. The coins are highly collectable as they have not only a historical value but they are also of intrinsic value being made up of silver. This blog will cover all that you need to know about Canadian silver dollars starting with the historical fact, how to spot the value of such coins, where to acquire such coins, and most importantly online.

What Are Canadian Silver Dollars?

The Royal Canadian Mint created the first Canadian silver dollar in 1935 and it was produced till 1967. The coins are made of 92.5 % silver, and the rest is copper thus weighing about 23.33 grams per coin. Canadian silver dollars have undergone development and some of its designs include features such as the Caribou, Bluenose schooner and the Voyageur among others which depict the rich history of Canada.

Canadian silver dollar In silver content, there is approximately 0.6 troy ounces of silver contained in each Canadian silver dollar. Yet, their actual worth can be governed by other criteria that includes: numismatic value (collector demand), the melt value (the present silver market prices). Therefore, the value of Canadian silver dollars is rising and falling depending on these factors including the year of minting and state of the coin.

How Are Canadian Silver Dollars Valued?

Canadian silver dollars might be worth more depending on two important aspects; their numismatic value (which depends on their demand as a collector item) and melt value (depending on the amount of silver content). The analysis of the differences is very important in ascertaining the real value of these coins in the market.

Numismatic Value:

Numismatic value is the amount of value a coin has as a collection, it is dependent upon the rarity of a coin, its history, how many people want it and also the condition. Such years as 1958 and 1967 can be chosen as an example when years can be more valuable because of the design, history and low mintage. Excellent coins, considered to be in uncirculated status or close to mint, are normally valued higher than the worn coins or the circulated ones. Types of coins such as the 1958 Caribou design or the 1967 Voyageur design have proved to be of great interest to the collectors and the investors because of the evidence they depict relating to the formative events in Canadian history.

Melt Value:

The melt value is calculated merely using the silver amount of the coin. The coin will increase or go down in value as the cost of silver is going up or down. As an illustration, supposing that silver is stocked at 25 dollars an ounce, the melt-value of a Canadian silver dollar (which is subjected to 0.6 troy ounces of silver) would approximate that of 15 dollars. This is what investors in silver look at when comparing banks and silver coins and the reason why they acquire silver coins in those banks as an investment in silver, not as a collector item.

Popular Canadian Silver Dollar Years to Look For

There are hopeful silver dollar issues in Canada that are desired due to special designs, restricted creation and evaluative significance. This is beneficial to the collectors and investors in that they know on which years to watch so that they can acquire the coins which have better numismatic type of values and the ones which are more cultural. This is a list of some of the most collectible and desirable years of Canadian silver dollar numismatics in case you want to add these coins to your own collections.

1958 Canadian Silver Dollar

The 1958 Canadian silver dollar is based on another iconic and very popular design, The Caribou. Collectors pay a high price on this coin since its production design is more valuable and the mintage in the coin is relatively lower than other years. As long as you can locate a coin in top condition, then it may fetch you a premium price over its melt price. The Caribou has been known to be the symbol of Canadian wilderness and it is considered to be one of the most beautiful designs in the Canadian coins.

1967 Canadian Silver Dollar

The Canadian silver dollar of the year 1967 could be the most signifying of all the Canadian silver dollars in history. This coin is issued to mark the 100 th anniversary of Canada and the design is the Voyageur design which depicts the exploration and pioneer spirit of the nation. The 1967 silver dollar can be valuable as a proof or an uncirculated issue and It could also be regarded as a collector since it is associated with the centennial celebrations. The 1967 centennial coin is also a testament to one of the things that Canada is proud of as a nation and that is why it is not only a commodity but a valuable piece that one can have in history.

1935 Canadian Silver Dollar

Another milestone coin is the 1935 Canadian silver dollar that happened to be the first Canadian silver dollar to be minted. This is a major collector due to the fact that it was historically important and especially, when it has an excellent condition. A coin in mint or near mint condition can be valued much above melt value as well. The 1935 dollar is the foundation of the silver coin series of Canada and so it cannot be ignored by any serious Canadian coin collector.

Where to Buy Canadian Silver Dollars

It is easy to buy Canadian silver dollars today, be it the collector with his eyes set to rare designs or an investor with his eye set on silver value. Whether it is online dealers that you have heard of and trust, or local coin dealers you can visit and trust, and auctions as well, there are certainly good places to buy and you get authentic coins at reasonable prices. These are the most suitable and secure places where you can purchase Canadian silver dollars.

Online Dealers

Online silver dollars purchasing is an easy option to make your collection or investment more immature. Nonetheless, you must find reliable and well-established merchants to guarantee originality, reasonable costs, and safe sales. The following sites are some of the most trusted internet websites to purchase Canadian silver dollars in a safe and assured manner.

• The Royal Canadian Mint: Being the official producer of Canadian coinage, the Royal Canadian Mint provides a direct and safe procedure of purchasing both collectable and investment grade silver coins.
  
• Apmex: This reputable outlet also deals in precious metals and has an extensive inventory of Canadian silver dollars to include rare and more standard years.
  
• Canada Coin Exchange: It is another dealer that is based in Canada. It deals in Canadian junk silver and silver coins of different years.
  
• eBay: On the one hand, eBay may be an excellent way to find rare Canadian silver dollars on sale, whereas on the other hand, one is to make sure that the seller there has a good reputation and issues certificates of authenticity.

Local Coin Shops

Another excellent choice to acquire Canadian silver dollars is by means of a local coin shop. Besides the local dealer, you can use the physical ability of your finger to inspect the coin which assures that the coin is in acceptable condition, is genuine and that it is a quality coin. You could also negotiate better prices at times or know of rare coins, which are not on the net. There is also the benefit of buying and receiving immediately as the local dealers can sell immediately, at the time you physically receive the items.

Auctions and Estate Sales

When checking silver dollars, you wish to find rare Canadian silver dollars so auctions and estate sales might give you the chance to buy some special coins. Rare and expensive silver coins are usually listed in reputable auction houses, such as Heritage Auctions or Stack’s Bowers Galleries (with Canadian silver coins as well). The auction-type setting also provides you with an opportunity to bid on unique or historically-mantle coins that would substantially increase in value over their periods.

How to Spot Fake Canadian Silver Dollars

The danger in purchasing collectibles coins is that one may meet some counterfeits and therefore it is desirable to find out how to check the originality of Canadian silver coins. Authentic ones are expected to weigh 23.33 grams whereas the fake ones are either too light or heavy. Look at the edge reeding, the fact is that genuine coins have different grooves that can be realized or observed with the help of a magnifying glass. You may also carry out a sound test because a genuine coin can produce a clear and ringing sound when tapped against another coin but fake coins have a dull or flat sound. Also, make sure that when you purchase it online they are giving you a certificate of authenticity in order to determine the authenticity of the coin.

Investing in Canadian Silver Dollars: Why It’s Worth It

The Canadian silver dollar presents to potential investors with a very special opportunity to invest in silver but to also have a suitable asset, in the form of a coin, into their ownership that also comes with a numismatic value. Being a long time store of value and a potentially profitable investment, these coins can be the object of your interest because of the melt value of silver, its historical and collectible interest.

An illustration of this statement is in the form of rare Canadian silver coins particularly those in such iconic years of the city or state such as 1967, which may have increased in value substantially through time. Most investors are purchasing these coins not only on the basis of silver content but also on the basis of their future value as a result of the rarity and relatively high demand. Also, junk silver, which are coins that have been in circulation the most, are investments that still offer a good value when it comes to getting started with silver, albeit not the best state the coin might be in.

Conclusion and Summary

Whether you’re collecting for historical significance or investing in precious metals, Canadian silver dollars are a valuable addition to any collection or portfolio. By understanding the melt value and numismatic value, you can make informed decisions on which coins to buy. Rare coins, such as those from 1958, 1967, and 1935, are not just collector’s items but are potentially lucrative investments.

The market for Canadian silver dollars continues to grow, as these coins combine rich history with the enduring value of silver. From the Royal Canadian Mint to reputable online dealers, there are numerous ways to purchase these iconic coins securely. At B&W Coins, we provide the expertise to guide you through the process of buying and collecting Canadian silver dollars, helping you build a meaningful and profitable collection.