A coin struck by the Royal Canadian Mint during that specific year, it holds a face value of one dollar and is composed of 80% silver and 20% copper. The obverse typically features a portrait of Queen Elizabeth II, while the reverse often depicts a Canadian landmark or symbol. The silver content contributes significantly to its intrinsic value, exceeding its nominal monetary worth.
These coins are valued by numismatists, investors, and collectors for various reasons. The precious metal content makes them a tangible asset, potentially acting as a hedge against inflation. Furthermore, their historical context connects them to Canada’s past, making them desirable collectibles. The coins also represent a snapshot of Canadian artistry and design of that era. Scarcity due to melting for silver reclamation or attrition through circulation further enhances their collectibility.
