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The silver Canadian coins that were minted at London's Royal Mint beginning in 1858 were five-cent, ten-cent and twenty-cent coins containing 92.5 percent silver. The twenty-five cent coin (silver Canadian quarter) replaced the twenty-cent coin in 1870 and the fifty-cent coin (silver Canadian half-dollar) was introduced.
Some of these silver coins were
minted by the Heaton Mint (a privately owned mint located in
Birmingham, England) and bear the "H" mint
mark. In 1908, the Royal Canadian Mint
was established to begin production of Canada's coins.
*The silver content for the above coins are for uncirculated coins. Circulated coins have a slightly lower silver content due to their wear in being circulated.
Note: There are approximately 31.103 grams in a Troy ounce.
Due to the rising price of silver,
the Canadian government made the decision to reduce the amount
of silver in their coins to 80 percent. This
started in 1920 and continued until 1967.
Canadian Nickels containing silver were discontinued after 1921. 1967 was the last year Silver Canadian Dollars (pictured below) were struck for general circulation.
*The silver content for the above coins are for circulated coins. Uncirculated coins have a slightly higher silver content due to lack of circulation "wear".
By mid-1967, Canada reduced the silver content of the Canadian Dime and Canadian Quarter from 80 to 50 percent and silver half-dollars were discontinued after 1967.
By mid-1968, silver was removed from all Canadian coins of these denominations.
determine the approximate value of a Silver Canadian Coin,
multiply the amount of silver (in Troy ounces) by the current
spot price of silver. The chart at right shows the current spot
price of one troy ounce of silver in Canadian dollars. To see
the current spot silver price in U.S. dollars, go to the Silver Investing Guide Home page.
Example: The approximate value of a Silver Canadian dollar with the spot price of silver at $20.00 Canadian is $12.00 CAD ($20.00 x .6).