What is a Maple Leaf Silver Coin?
It is more known as the Canadian Silver Maple Leaf. It is a silver bullion coin minted in the Royal Canadian Mint (R.C.M.) and is being released by the Canadian government for twenty three years now beginning in 1988. It is said that it is worth 5 Canadian dollars for every 1 oz of the silver maple leaf coin making it the highest valued in all of the other silver bullion coins available internationally. On February last 2008 alone, the silver maple leaf reached the amount value of almost 20 Canadian dollars. It is made of 99.99% pure silver, and among other bullion issued coins that has a 99.99% standard it is deemed the highest.
The coin features a maple leaf and is usually 1 troy ounce (31.1g) of silver. Annually the silver maple leaf coins were varied in its proof releases (1989 exclusive), privy marks, colored maple leaf that differs from the regular maple leaf design, a holographic enhancements and other different designs like the one released in 2009 in commemoration for the 2010 Winter Olympics.
The universal element in every single silver maple leaf coins is the phrase “Fine Silver 1 oz Argent Pur” located at the bottom of the reverse side of the coin.
There have been also several noteworthy issues throughout the evolution of the silver maple leaf coin series. There was this single-issue 10 oz version in 1998 to celebrate the 10th anniversary of the coin series. The following year, all Silver Maple Leaf coins minted in that year included a privy mark for the 20th Anniversary of the RCM Maple Leaf Program. For 2000 they made a featured privy mark with fireworks with the number 2000 in it, another issue in that same year was a commemoration for the millennium in which the coins were double dated 1999 and 2000.
Since Silver Maple Leaf coins are different from its Canadian Gold and Platinum Maple Leaf counterparts. Investors and collectors demand has generated its price to go well above and even beyond its bullion value. For example, the 1996 and 1997 issues got very high prices because of its limited mintage. The 1997 Silver Maple Leaf has only less than 101,000 minted while the 1999 coins has over 1.2 million minted and the record holder was the 17.8 million minted Silver Maple Leafs for the year 2010. There were a number of privy marked Silver Maple Leaf were found only in Europe and nowhere else in the globe. In 2009, the coins were not packaged in Mylar under the Royal Canadian Mint, high demands of the Silver Maple Leaf coins had made it packaged in tubes of 25 instead.