The history of the Canadian Silver Dollar is actually quite interesting. Back in the 1930’s the Royal Canadian Mint issued the first silver dollar in order to commemorate the silver jubilee of King George V. The coin had a voyageur imprinted on it and was originally sculpted by the renowned Canadian sculptor Emanuel Hahn.
The Canadian Silver Dollar is a highly sought after coin by collectors and historians alike due to its historical value. The coin itself has an imprint of a voyageur paddling a canoe and it features a few faint lines in the background which represent the Northern Lights – a natural light phenomenon that is often most vividly around the spring and autumn equinoxes. This was the designed that was used from 1935 to 1986. In 1987 the coin stopped being minted in silver and was minted in a nickel alloy that made it cheaper and more common.
There are currently 4 different types of Canadian Dollar coins. The 1935 Silver Dollar, the 1968 voyageur, the 1971 silver dollar and the 1987 coin known as the “loon”. Only the original 1935 silver dollar and the 1971 silver dollar contain a significant amount of silver. The original 1935 dollar weighted 23.33 grams and was minted on an alloy consisting of 80% silver and 20% copper. This makes the 1935 silver dollar highly valuable to collectors, not only for its weight in silver but for its historical value as well as the Royal Canadian Mint decided it was too expensive to keep producing the coin and decided to stop minting them. Then 1971 silver dollar also contained a much smaller amount of silver but the coin isn’t as regarded as highly as the original one.
Trading a silver coin in the current market is fairly easy but could be tricky. There are a few things you should be aware of when looking to sell or buy a silver dollar. First off it might be a good idea to look for a legitimate coin collector that can assure your coin is legitimate. If you’re looking to sell make sure you specify the conditions to the buyer. Selling your coins to a local coin dealer or a third party may also be a good idea as long as you do your research. Remember that this coin wasn’t just a normal dollar, it was the silver jubilee of king George the 5th, honoring the 25 year anniversary of his ascension to throne. Therefore its historical value means that there’s a huge market for potential buyers out there.
The many editions of this coin means that in order to fully appreciate the coin you need to be aware of the conditions and changes that the coin has endured through times. Understanding the specifications of each coin is critical if you have the intention to sell or buy a silver dollar. A plethora of online resources and information should make this task easier for you in case you decide to finally acquire or sell one of these important pieces of history.