The 1996 issue of the Canadian Silver Maple Leaf Coin from the Royal Canadian Mint marked a third straight year of declining mintage of the coins. Sinking demand for silver bullion was largely the result of rising silver prices when stock markets were strong, leaving many investors to seek a higher yield from market investments rather than silver coins.
On the obverse of Canadian Silver Maple Leafs is the image of Queen Elizabeth II. The portrait of Her Majesty featured on these coins debuted in Canadian currency in 1990 and is known as the third-generation portrait of the Queen for Canadian coins. Dora de Pedery-Hunt created this image on Canadian bullion and circulation coins through 2002.
The reverse of the 1996 1 oz Canadian Silver Maple Leaf coins bears the sugar maple leaf image. The sugar maple leaf was consistently held up as a symbol of the Canadian nation for three centuries. THE MAPLE LEAF literary annual published its 1848 edition with an announcement that the maple leaf had been chosen as the national emblem for the country.
Coin Highlights:
Contains 1 Troy oz of .9999 pure silver in BU condition.
Canada’s government fully backs the face value of $5 (CAD).
The portrait of Queen Elizabeth II features on the obverse.
Canada’s national symbol, the sugar maple leaf, is found on the reverse.
Denomination: $5 CAD
Metal Content: 1 oz
Thickness: 3.29 mm
Diameter: 38 mm
