Over the years, the Royal Canadian Mint has issued the Silver Maple Leaf coin in multiple variants. From commemorative editions and special privy marks to fractional collections and nature-themed privy editions, the Silver Maple Leaf offers plentiful variety. Investors always return to the standard Silver Canadian Maple Leaf though. Silver.com currently offers the 1996 1 oz Silver Canadian Maple Leaf Coin for sale online in BU condition.
- Ships to you inside of protective plastic flip!
- Ninth issue of the Silver Canadian Maple Leaf bullion coin!
- Mintage total of just 250,445 coins in 1996!
- Consists of One Troy ounce of .9999 fine silver in BU condition.
- Issued a face value of $5 (CAD) by Canada.
- Queen Elizabeth II on the obverse.
- Sugar maple leaf on the reverse.
The Royal Canadian Mint faced sinking demand for its silver bullion coins in the mid-1990s. Strong stock market performance and rising silver prices left investors turning away from precious metals for a while to ride the wave of stock growth with higher yields on investments. The result was much lower mintage for Silver Canadian Maple Leaf coins.
For example, the 1996 1 oz Silver Canadian Maple Leaf Coin had a mintage of only 250,445 coins. This remains the second-lowest mintage figure in the program’s history and marked a third consecutive year of falling demand for silver coins. For a second year in a row, the average price of silver throughout the year was $5.20 per ounce. Silver ranged more than $1 in total, hitting a low of $4.71 per ounce and a high of $5.82 per ounce.
On the reverse of Silver Canadian Maple Leaf coins is Walter Ott’s sugar maple leaf design. One of the first international appearances of the maple leaf as an emblem of Canada came at the 1904 Olympic Games. Canadian athletes competed in the games with shirts bearing the maple leaf. Engravings on this face include “Canada,” “9999,” and “Fine Silver 1 oz Argent Pur.”
The obverse of 1996 1 oz Silver Canadian Maple Leaf Coins features the third-generation, right-profile portrait of Queen Elizabeth II. Her Majesty is captured in a more regal pose and design in this portrait, wearing a more ornate crown with earrings and a necklace as well. Engravings read “Elizabeth II,” the face value of the coin and the year of issue.
Founded in 1908, the Royal Canadian Mint is the official sovereign mint of the nation. It operates a coining facility in the capital city of Ottawa at the original mint location, as well as a new coining facility in Winnipeg that opened in the 1980s.
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