US Gold Bureau Offers Canadian Silver Coins With Fascinating History
Coin collectors and precious metals investors through US Gold Bureau often have many questions about various silver coins. Canada has a fascinating history well worth looking into if you appreciate what silver coins offer your collection. As many United States Gold Bureau can tell you, the coins first produced for Canada were actually minted by the United Kingdom as far back as 1858 when Canada was still a province of the UK. At that time, Canadian currency was based on the dollar system of the US due to Canada's proximity to the larger nation.
Today, US Gold Bureau fans know that while 10 and 20 cent coins were minted in the early days, it would not be until 1935 that Canada would mint its own silver dollar coins. Prior to 1908, all coins minted for Canada would be struck in London up until the opening of the Royal Canadian Mint. Some investors through United States Gold Bureau do know that these early coins featured the British monarch Queen Victoria in the early days, as was the UK tradition, later going on to feature King Edward VII, King George V and VI, until 1952 when Canadian coins featured Queen Elizabeth who is still today seen on coins. Silver prices kept rising and far exceeded the face value of the early Canadian silver coins.
This meant that the purity was dropped first to .500 during the 1960's and then the coins were simply no longer circulated as legal tender. U.S. Gold Bureau collectors will note that after 1968 there were no more silver coins used for currency in Canada. The next big change for Canada would come about 20 years later. U.S. Gold Bureau collectors know that 1988 marked a big change for Canada because the Royal Mint decided to produce a silver bullion coin called the Canadian Silver Maple Leaf, a gorgeous coin that remains a popular choice among investors today. While gold and platinum Maple Leafs are also offered, these silver variants are often quite a bit more affordable which can be helpful when it comes to diversifying one's personal holdings. When you take into account that these coins are .9999 pure silver, you can see why they are so attractive to investors.While still somewhat young in comparison to other nations, the Royal Canadian Mint has certainly done its countrymen proud when it comes to producing world class coins.
Silver bullion coins, in particular, can be an excellent way to build upon your precious metals holdings. These coins and their unique history are definitely a pride point for Canadians worldwide and a smart investment for those around the globe.
About the Author
Bill Thompson is a frequent shopper through US Gold Bureau and a writer on all topics coin related. When not serving articles to top magazines he enjoys fly fishing with his life partner in the Rockies.
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