The price of Canadian Silver Maple Leafs is determined by their .9999 fine silver content
By witnessing the success of its flagship coin, the Gold Maple Leaf, the Canadian Mint introduced in 1988 the Silver Maple Leaf coin. Although not the first legal tender coin to contain one ounce of silver, a title held by the American Silver Eagle and Chinese Silver Panda coin, it was the first to contain a silver purity of 99.99%. In recent years, other renowned government mints have issued their own legal tender one-ounce silver coins, for instance the Austrian Mint with the Silver Philharmonic, or the Perth Mint with the Silver Kookaburra, but in contrast to the Maple Leaf’s purity of four nines they all contain one nine fewer. To this date, the Canadian Silver Maple Leaf coin is the world’s only legal tender coin to have such peerless purity.
The Royal Canadian Mint
Established in 1908, the Royal Canadian Mint has in the past couple of decades been one of the market leaders in applying new technologies in the production of gold and silver bullion coins. Not only did it create the first legal tender silver and gold bullion coins that contained a purity of four nines, they went one step further in 1998 with the introduction of a special edition gold bullion coin that contained 1.02233 troy ounces of 99.999% (five nines) pure gold. The mint’s quest in perfecting high purity gold coins did not stop at the one-ounce weight mark. In fact, it reached new heights in 2007 by unveiling a Gold Maple Leaf coin that weighed 100 kilograms, had a gold purity of .99999, and came with a face value of one million Canadian dollars.
In 2014 the Royal Canadian Mint set a new standard in coin security with the introduction of its latest innovation called “Bullion DNA Anti-Counterfeiting Technology” which includes a process where a unique microscopic security mark is minted onto every coin. The centre of the security mark contains the number “14” (for the year 2014) and is only visible under strong magnification. This new technology adds another layer of protection against counterfeiting, and all Gold Maple Leaf coins minted from 2014 onwards will contain this new security feature.