The Silver Maple Leaf coin burst out with incredible growth and demand in 2006. Rising silver prices, slowing stock markets, and the continued trust in the Royal Canadian Mint’s official bullion collection pushed the Silver Maple Leaf higher. Today, 2006 1 oz Silver Canadian Maple Leaf Coins are available to you online at Silver.com in BU condition.
- Ships to you packaged in protective plastic!
- Nineteenth year of release for the Silver Maple Leaf coin!
- Mintage total of 2,464,727 coins in 2006!
- 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 effigy of Queen Elizabeth II.
- Reverse features the iconic a design of the maple leaf.
Silver Canadian Maple Leaf coins had spent much of the mid-to-late 1990s and early 2000s experiencing drops in mintage value bracketed around one-year outbursts in demand. The 1993 coin, for example, shot to 1.133 million coins, but had been going downward before and would slump downward to record lows afterward by 1997.
Following the 1997 release, the coins went upward to 1999’s 1.133 million, but then slumped again through 2001. While the Silver Canadian Maple Leaf picked up momentum starting in 2002, it would break through the ceiling and set a new high in the years to come as the Great Recession set in. Though not a record, the 2006 1 oz Silver Canadian Maple Leaf’s mintage of 2.464 million was the second-highest at the time behind only the 1989 coin.
In the years to come, the Silver Maple Leaf would break its mintage records in five straight years from 2007 to 2011. Rising silver prices and disastrous economic markets were behind this increase. The average annual price of silver per ounce in 2006 was more than $3 per ounce higher, averaging $11.54 per ounce throughout the year.
On the reverse of the 2006 1 oz Silver Canadian Maple Leaf Coin you’ll find the sugar maple leaf design from Walter Ott. This image was created in 1979 by Ott for use on the Gold Maple Leaf and continues in use today on the Silver Maple Leaf, as well as the Platinum Maple Leaf and Palladium Maple Leaf.
The obverse of the 2006 Silver Canadian Maple Leaf features the portrait of Queen Elizabeth II. Her Majesty’s effigy appears on all Canadian coins and in this design you’ll find the fourth-generation portrait created by Susanna Blunt. This design has been in use since 2003 on most Canadian coins.
Please feel free to reach out to Silver.com with your questions about buying silver. You can reach our customer service associates on the phone at 888-989-7223, on the web using our live chat, and via our email address.