Low mintage figures are no longer a standard in the Silver Canadian Maple Leaf Series. Throughout the late 2000s in the Great Recession, these coins surged upward in mintage to meet increasing demand for silver. Back in the 1990s though, the Silver Canadian Maple Leaf had hit all-time lows. Today, 1997 1 oz Silver Canadian Maple Leaf Coins are available to you online at Silver.com.
- Ships to you within a protective plastic flip!
- Tenth issue year of the Silver Maple Leafs from the Royal Canadian Mint!
- Mintage total of 100,970 coins in 1997!
- Consists of One Troy ounce of .9999 fine silver in BU condition.
- Face value of $5 (CAD) is fully backed by the Canadian government.
- Obverse bears the portrait of Queen Elizabeth II.
- Reverse includes the original sugar maple leaf from Walter Ott.
Silver prices per ounce were much lower in the 1990s than have been experienced in the 21st century, but with a strong stock market, investors didn’t pay much attention to silver bullion coins. The average price during 1997 was $4.91 per ounce, with most of the year’s trading price ranging pretty narrowly in the low $4 to mid-$5 range. In December, silver did break above $6.00 per ounce.
Four years of falling mintage for the Silver Maple Leaf came to an end in 1997 with the lowest-ever mintage figure. There were just 100,970 coins struck this year. While the coins would rebound through the Y2K scare, the 1997 issue was down to 1/10th of the level of the 1993 issue, losing more than one million in mintage in just four years.
On the obverse of Silver Canadian Maple Leaf Coins you’ll find a right-profile portrait of Queen Elizabeth II. To the date of this coin’s release, Queen Elizabeth II’s effigy had been featured in three different images. The initial first-generation design lasted just 11 years from 1953 to 1964, while the second-generation is the longest-running at 24 years from 1965 to 1989. This third-generation portrait was on the Silver Maple Leaf and other Canadian coins from 1990 to 2002.
The reverse of all 1997 1 oz Silver Canadian Maple Leaf Coins includes the sugar maple leaf design. The sugar maple leaf was floated as a potential national symbol for an independent Canada as early as 1834, 33 years before its confederation movement. In fact, in 1867 during confederation Alexander Muir wrote the confederation song known as The Maple Leaf Forever, which remained the national anthem for several decades.
Please don’t hesitate to reach out to Silver.com with questions. You can call our customer service team at 888-989-7223, chat with us live online, or send us an email with your inquiries. To look back through the silver price history, visit our website!