OTD: Canadian Mint begins production of $5 Silver Maple Leaf

On today’s date in 1988, the Royal Canadian Mint began production of its $5 Silver Maple Leaf (SML) bullion coin.

Following the success of its Gold Maple Leaf bullion coins, which were introduced in 1979, the Mint began producing a one-ounce SML coin in 1988. The coin’s obverse bears the effigy of Queen Elizabeth II by Arnold Machin, the year-date of 1988, and the face value of $5—the highest face value on the market for any comparable silver bullion coin.

The national symbol of Canada – the maple leaf – graces the coin’s reverse. The 1988 run of SML coins had a mintage of 1.11 million pieces.

UNIQUE SECURITY FEATURES

Since it was introduced in 1988, the iconic SML has been a sought-after item for both investors and collectors.

The current SMLs include two enhanced security features—radial lines, and a micro-engraved, textured maple leaf.

“The radial lines in the new 2017 SML’s field have been precisely machined to within microns on the master tooling to ensure reproducibility from die to die and coin to coin,” reads the Mint’s website. “The uniqueness of the line width and pitch gives this coin a characteristic look, and creates a light diffracting pattern that is specific to this coin. Combined with a new visual security feature —a textured maple leaf micro engraved with laser technology on a small area of the reverse side, with the numeral ’17’ denoting the coin’s year of issue—this coin represents the cutting edge in coin security.”

Weight One ounce
Weight 31.110 grams
Purity 99.99 per cent
Diameter 38 mm
Face value $5

Leave a Reply

Keep up to date with the numismatic community

Sign up to receive our newsletter.

Canadian Coin News

Canada

Canadian Coin News is Canada's premier source of information about coins, notes and medals.

Although we cover the entire world of numismatics, the majority of our readers are Canadian, and we concentrate on the unique circumstances surrounding collecting in our native land.

Send Us Your Event

Running an event? Send it to us and we will display it on Canadian Coin News!

Submit Event →

Subscribe To 26 Issues For Just $47.99/year

Subscribe today to receive Canada's premier coin publication. Canadian Coin News is available in both paper and digital forms.

Subscribe Now

We acknowledge the financial support of the Government of Canada through the Canada Periodical Fund of the Department of Canadian Heritage.