The price of silver per ounce was up in 1993, and with it went demand for the Silver Canadian Maple Leaf. The Royal Canadian Mint’s flagship silver bullion coin had seen sinking demand for the Silver Maple Leaf to date in the early 1990s, but a jump in silver prices during the year pushed mintage of the coin back above 1 million for the first time since 1990. The 1993 1 oz Silver Canadian Maple Leaf Coin is now available to you for purchase online at Silver.com.
- Ships to you housed in a protective plastic flip!
- Sixth release of the Silver Canadian Maple Leaf coin!
- Mintage total of 1,133,900 coins in 1993!
- Consists of One Troy ounce of .9999 fine silver in BU condition.
- Issued a face value of $5 (CAD) by Canada.
- Queen Elizabeth II graces the obverse side of the coin.
- Sugar maple leaf emblem is visible in the center of the reverse side of the coin.
Silver Canadian Maple Leaf coins showed a brief resurgence in demand in 1993. The average prices for silver throughout the year showed an increase for the first time since the late 1980s, finishing the year at $4.31 per ounce. However, at one point in the year silver was trading as high as $4.57 per ounce.
The rising prices for silver helped inject enthusiasm into the silver market and investors, with the mintage of the 1993 1 oz Silver Canadian Maple Leaf Coin rising to 1,133,900 coins. In 1992, the Silver Maple Leaf had hit what remains today as one of its lowest mintage levels, coming in at just 343,800. The boost would prove short-lived though as demand would sink for four consecutive years following the 1993 release.
On the obverse of 1993 1 oz Silver Canadian Maple Leaf coins you’ll find the right-profile portrait of Queen Elizabeth II. Her Majesty’s effigy is often updated to reflect her age during her reign as Queen of England. The first two portraits of the Queen (1953-1964/1965-1989) captured a young, demure vision of the Queen.
These 1993 Silver Maple Leafs have the third-generation depiction of Elizabeth II created in 1990 by Dora de Pedery-Hunt. This portrait of Her Majesty depicts a more mature, regal vision of Queen Elizabeth II. It also made Pedery-Hunt the first Canadian artist to craft the Queen’s likeness for Canadian currency.
On the Silver Canadian Maple Leaf’s reverse face is the sugar maple leaf design. This features on all versions of the Maple Leaf Coin series and shows the 1979 artwork of a sugar maple leaf created by Walter Ott.
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