Circulated Junk Silver from Canada is surprisingly plentiful and readily available. There is much less demand for junk Canadian silver coins amongst investors. You can sometimes buy Canadian Junk Silver Coins for less than the silver spot.
The composition of silver coins circulated in Canada differs from those circulated in the United States.
Silver Canadian Dollar coins, sometimes colloquially referred to as “Loonie Dollars,” were 1 dollar coins that circulated from 1935 to 1967. They were from an alloy that was composed of 80% silver. Each Canadian silver Dollar coin from this era contained .6 troy ounces of pure silver. Every $10 in Face Value contains six troy ounces of silver. This makes each $1 face value worth $20.5 based on today’s silver spot price.
Before 1967, Canadian half-dollar, quarter-dollar, and dime coins were also composed of an 80% silver alloy.
Some Canadian junk silver coins were minted in other alloys as well. Some contained a 50% alloy. Others, particularly in years before 1919, were minted in 92.5% Sterling silver.
Canadian Junk Silver Coins
| Coin Value/Denom | Years | Purity/Fineness | Weight (g) | ASW (g) | ASW (oz.) | Melt Value |
|---|---|---|---|---|---|---|
| Canadian Silver Nickels | ||||||
| George V Nickel | 1911-1919 | .925 | 1.0795 | 0.034706 | $1.19 | |
| George V Nickel | 1920-1921 | .800 | 0.9336 | 0.030016 | $1.03 | |
| Canadian Silver Dimes | ||||||
| George V Dime | 1911-1919 | .925 | 2.1553 | .069293 | $2.37 | |
| George V Dime | 1920-1936 | .800 | 2.3320 g | 1.8656 g | 0.06 ozt | $2.05 |
| George VI Dime | 1937-1952 | .800 | 2.3320 g | 1.8656 g | 0.06 ozt | $2.05 |
| Elizabeth II Dime | 1953-1967 | .800 | 2.3320 g | 1.8656 g | 0.06 ozt | $2.05 |
| Elizabeth II Dime | 1967-1968 | .500 | 2.3328 g | 1.1664 grams | 0.0375 ozt | $1.28 |
| Canadian Silver Quarters | ||||||
| George V Quarter | 1911-1919 | .925 | 5.8319 g | 5.3945 g | 0.1734 ozt | $5.92 |
| George V Quarter | 1920-1936 | .800 | 5.8319 g | 4.6655 g | 0.15 ozt | $5.12 |
| George VI Quarter | 1937-1952 | .800 | 5.8319 g | 4.6655 g | 0.15 ozt | $5.12 |
| Elizabeth II Quarter | 1953-1967 | .800 | 5.8319 g | 4.6655 g | 0.15 ozt | $5.12 |
| Elizabeth II Quarter | 1967-1968 | .500 | 5.8319 g | 2.91595 g | .0937 ozt | $3.2 |
| Canadian Silver Half Dollars | ||||||
| George V Half Dollar | 1911-1919 | .925 | 11.62 g | 10.75 g | 0.3456 ozt | $11.81 |
| George V Half Dollar | 1920-1936 | .800 | 11.664 g | 9.331 g | 0.300 ozt | $10.25 |
| George VI Half Dollar | 1937-1952 | .800 | 11.664 g | 9.331 g | 0.300 ozt | $10.25 |
| Elizabeth II Half Dollar | 1953-1967 | .800 | 11.664 g | 9.331 g | 0.300 ozt | $10.25 |
| Canadian Silver Dollars | ||||||
| George V Dollar | 1935-1936 | .800 | 23.3276 g | 18.662 g | 0.600 ozt | $20.5 |
| George VI Dollar | 1937-1952 | .800 | 23.3276 g | 18.662 g | 0.600 ozt | $20.5 |
| George VI Dollar | 1953-1967 | .800 | 23.3276 g | 18.662 g | 0.600 ozt | $20.5 |