Canadian Silver Maple Leaf (1 oz bullion) melt value
A 1 oz Silver Maple Leaf from the Royal Canadian Mint contains one troy ounce of 99.99% pure silver. It has a $5 Canadian face value, but its silver is worth more. The coin was first issued in 1988. Common dates are usually valued close to their silver content. Here's what the silver inside is worth at today's live price.
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How do I know if my canadian silver maple leaf is silver?
The front shows the reigning monarch: Queen Elizabeth II on older coins and King Charles III on current ones. The back shows a single maple leaf, and the coin is marked with its weight and purity. It measures 38 mm across and weighs about 31.11 grams. Recent coins have fine radial lines across the background and a tiny laser-engraved maple leaf on the back with the last two digits of the year, which you can see with a magnifier. Some silver bullion coins develop small white spots on the surface; the Royal Canadian Mint says it has used a surface treatment since 2018 to reduce them.
Why does a dealer pay less than melt value?
Dealers buy bullion close to melt value and resell at a premium. The gap covers their costs and profit, and it is usually small for well-known bullion coins.
Is it legal to melt coins?
US rules prohibit melting one-cent and five-cent coins. That rule does not cover dimes, quarters, half dollars, dollars or bullion coins. Most people sell coins whole to a dealer rather than melting them.