The onset of Great Recession helped push silver prices to unprecedented highs in the modern era. With this rising demand for silver, coins such as the Silver Canadian Maple Leaf benefited greatly. Available as of 2007 for almost 20 years, the Silver Canadian Maple Leaf had never surpassed its mintage high set back in its second year of availability. That was about to change though! Right now, 2007 1 oz Silver Canadian Maple Leaf Coins are available to purchase online at Silver.com.
- Ships inside of protective plastic!
- 20th year of release for the Silver Maple Leaf Series by the Royal Canadian Mint!
- Mintage total of 3,526,052 coins in 2007!
- Consists of One Troy ounce of .9999 fine silver in BU condition.
- Bears a face value of $5 (CAD) backed by the federal government of Canada.
- Obverse captures the fourth-generation portrait of Queen Elizabeth II.
- Reverse features the design of the sugar maple leaf.
Late in 2007, the economic markets around the globe suffered a major shock. In the United States, the housing bubble burst and prices sunk as the stock markets tumbled in a recession known now as the Great Recession for its depth and length. That drop in stocks also resulted in surging prices for silver.
After rising modestly in the 1990s or holding steady, even into the early 2000s, the price of silver began surging significantly in the mid-2000s. For the third year in a row, silver’s average annual price rose about $3 per ounce from one year to the next. After surpassing $11 in 2006, the annual average price of silver in 2007 was $13.28 per ounce.
With silver prices higher than ever before, the Silver Canadian Maple Leaf coin enjoyed a hallmark moment as it finally broke is mintage record (to date). The 1989 issue had previously been the highest at 3.332 million coins, with only the 2006 coins coming close at 2.464 million. However, the mintage was up 1.5 million from that mark in 2007 and the Silver Maple Leaf broke the 1989 record with 3.526 million.
Though this is no longer the record mintage for the coins, it was the first time the mint’s silver bullion collection broke its original record. The mintage figures would continue rising in the years to come, hitting a high mark of 29.245 million in 2014.
On the obverse of all 2007 Silver Maple Leaf coins is Queen Elizabeth II’s effigy, which is featured here in right-profile relief in the fourth-generation design by Susanna Blunt. The reverse of the 2007 1 oz Silver Canadian Maple Leaf Coins includes the sugar maple leaf design from Walter Ott.
If you have any questions, please reach out to Silver.com. Our customer service team is available at 888-989-7223, online via our live chat, and through our email address.