Canada’s coinage system is home to some remarkable pieces, and among them are several Canadian dollar coins that are worth much more than their face value.
While the typical Canadian dollar coin is worth only a dollar, certain coins have become incredibly rare and sought after by collectors due to unique features, historical significance, and minting errors.
In this article, we will explore six Canadian dollar coins that are worth much more than a buck, detailing their value, background, and why they have become valuable in the numismatic world.
Contents
1. 1935 Canadian Silver Dollar
The 1935 Canadian Silver Dollar is one of the most famous coins in Canadian history. The coin was issued to commemorate the Silver Jubilee of King George V, and its limited production adds to its value. Only around 100,000 pieces were minted, and its silver content also contributes to its demand.
- Current Value: Depending on condition, the 1935 Canadian Silver Dollar can fetch anywhere from $1,500 to $3,500 at auctions, with higher-quality pieces reaching even more.
2. 1967 Centennial Canadian Dollar
Released in 1967 to celebrate Canada’s Centennial anniversary, the 1967 Centennial Canadian Dollar features an iconic design depicting the voyageur and the canoe, a symbol of Canada’s history. It’s made from 80% silver and 20% copper, contributing to its worth.
- Current Value: Although its face value is just one dollar, a 1967 Centennial Canadian Dollar can be valued at $20 to $50 for circulated coins, with higher prices for uncirculated or mint-quality examples.
3. 1979 Canadian Voyageur Dollar
The 1979 Canadian Voyageur Dollar was issued as part of a series commemorating Canada’s history. This particular coin is prized for its design, which depicts a voyager with a canoe, surrounded by symbolic elements of Canada’s history.
- Current Value: A well-preserved 1979 Canadian Voyageur Dollar can range in value from $50 to $100 depending on its grade. Coins in mint condition can fetch higher prices.
4. 2007 Canadian $1 Silver Proof Coin
The 2007 Canadian $1 Silver Proof Coin is a limited-edition coin made of 99.99% pure silver and was issued to celebrate the World’s Fairs.
This particular coin has become a collector’s favorite because of its exquisite quality and rare production numbers.
- Current Value: The 2007 Silver Proof Dollar can be worth around $150 to $250, with rare variations or those in impeccable condition attracting even higher bids.
5. 1911 Canadian Silver Dollar
The 1911 Canadian Silver Dollar is one of the rarest and most sought-after coins in Canadian numismatics. Due to the limited number of these coins ever being produced, finding one in circulation or even available for sale is nearly impossible.
This coin was originally struck in limited quantities for use by the government but never made it into circulation.
- Current Value: The 1911 Canadian Silver Dollar can fetch astronomical prices, with well-preserved coins regularly selling for over $100,000 in high-quality condition.
6. 1948 Canadian Silver Dollar
The 1948 Canadian Silver Dollar is another popular collectible among enthusiasts. With a mintage of just 12,000 coins, this coin was issued to commemorate the coronation of Queen Elizabeth II.
The silver content combined with the limited number of pieces available contributes to its high value.
- Current Value: The 1948 Canadian Silver Dollar can be worth anywhere between $2,000 and $5,000 depending on its condition, with uncirculated coins often fetching more.
| Coin Name | Year | Composition | Estimated Value (Good Condition) | Mint Condition Value |
|---|---|---|---|---|
| 1935 Canadian Silver Dollar | 1935 | 92.5% Silver | $1,500 – $3,500 | $5,000+ |
| 1967 Centennial Dollar | 1967 | 80% Silver | $20 – $50 | $100+ |
| 1979 Canadian Voyageur Dollar | 1979 | Copper-Nickel | $50 – $100 | $200+ |
| 2007 Silver Proof Dollar | 2007 | 99.99% Silver | $150 – $250 | $500+ |
| 1911 Canadian Silver Dollar | 1911 | 92.5% Silver | $100,000+ | $250,000+ |
| 1948 Canadian Silver Dollar | 1948 | 92.5% Silver | $2,000 – $5,000 | $15,000+ |
These Canadian dollar coins offer much more than just their face value. Whether it’s a 1935 Canadian Silver Dollar with its rich history or a rare 1911 Canadian Silver Dollar that can fetch millions, these coins are a testament to Canada’s numismatic heritage.
For coin collectors and investors, owning these valuable pieces is both a financial and historical treasure.
FAQs
How can I find rare Canadian dollar coins?
Rare Canadian dollar coins can be found at numismatic shops, online marketplaces, coin shows, and auctions. It’s important to check for unique minting errors or special editions when searching for rare coins.
Are Canadian dollar coins worth anything beyond face value?
Yes, many Canadian dollar coins are worth much more than their face value due to their rarity, silver content, historical significance, and minting errors. Coins like the 1911 Canadian Silver Dollar can be worth over $100,000.
How do I know the value of my Canadian coins?
The value of Canadian coins is based on several factors, including the coin’s rarity, condition, year, and historical significance. You can consult with a professional coin appraiser or check auction prices to gauge the value of your collection.
