Soaring gold and silver prices are reshaping Canada’s coin market in ways collectors haven’t seen in decades, and the latest issue of Canadian Coin News takes an in-depth look at what it all means. In Volume 63, No. 23, released today (Jan. 20, 2026), long-time Winnipeg dealer Ian Laing of Gatewest Coins shares his perspective on a bullion surge that is driving unprecedented demand — and permanent change.
With silver and gold hitting record levels in Canadian dollars, Laing says political, economic and geopolitical uncertainty is fuelling a global rush into precious metals. Buyers from around the world, particularly in Asia, are treating bullion as insurance, pushing prices sharply higher in a short period of time and creating challenges for dealers trying to keep pace.
The impact is being felt well beyond bullion counters. Laing warns that high silver prices are accelerating the melting of common-date Canadian silver coins, wiping out many entry-level collectibles that once served as an affordable gateway into the hobby. As more coins disappear into the melt pot, premiums are expected to rise and supplies to shrink permanently.
The story also explores how today’s market compares with the infamous 1980 Hunt brothers silver spike, why the Royal Canadian Mint is struggling to meet demand, and how rising metal prices are affecting modern numismatic issues. For collectors, there may still be opportunities — but only for those willing to adapt.
This feature is just one of many informative articles in the latest issue of Canadian Coin News, Canada’s trusted source for numismatic news, market insight and expert commentary. Pick up Volume 63, No. 23 today and stay informed as the bullion-driven market continues to evolve.