Most Valuable Canadian Silver Dollars: Key Dates Ranked by Rarity
Canadian silver dollars were struck from 1935 to 1967 in 80% silver. Within this series, certain dates and varieties are dramatically more valuable than others. Here is a complete guide to the key dates and what they are worth.
Key Date Canadian Silver Dollars — Value Guide
The key date. Struck after the "IND IMP" removal from the obverse die. Extremely low mintage makes this the most sought-after Canadian dollar.
Last year of the George V design. High-grade examples are scarce and command strong premiums.
Low mintage. The 1947 Maple Leaf variety (with a small maple leaf after the date) is rarer still.
The Maple Leaf variety was struck in 1948 using modified 1947 dies. Rarer than the regular 1947.
The "No Water Lines" variety lacks the fine lines in the water below the canoe. Scarcer than the regular 1952.
The "No Shoulder Fold" variety of the new Elizabeth II obverse. Scarcer than the Shoulder Fold variety.
Relatively low mintage for the era. High-grade examples are scarce.
First year of the Canadian silver dollar. The 1935 has historical significance as the first dollar struck for circulation.
Values are approximate retail ranges in CAD. Actual values depend on specific grade, eye appeal, and current market conditions. Consult a specialist for precise valuations.
Frequently Asked Questions
How do I know if I have a 1948 Canadian dollar?
Check the date on the obverse (front) of the coin. The 1948 dollar looks similar to other Voyageur dollars but has the date 1948. If you have one, handle it carefully and get it professionally assessed before doing anything else.
What is the 1947 Maple Leaf variety?
The 1947 Maple Leaf variety has a small maple leaf after the date "1947." It was struck in 1948 using modified 1947 dies after the new design was not ready in time. It is rarer than the regular 1947 and worth significantly more.
Are common-date silver dollars worth anything?
Yes. All Canadian silver dollars 1935–1967 contain 0.600 troy oz of silver, giving them a melt value of approximately $24 at current silver prices. Common dates in circulated condition are worth $30–$60 for collector value.
Should I get my silver dollars graded by ICCS?
For key dates (1948, 1947 ML, 1947) worth $200 or more, professional grading by ICCS is worth considering. For common dates, the grading fee typically exceeds the value increase.
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This guide explains the value of Canadian coins, including key dates, silver content, and factors that affect collector value. If you believe you may have a valuable coin, you can upload photos for a free estimate.
How Coin Values Are Determined
Four key factors influence what a coin is worth. Understanding these helps you know what to look for.
Rarity
Coins with low mintage numbers or surviving in small quantities are worth more. A coin minted in the millions is common; one minted in the thousands can be scarce.
Condition
Collectors grade coins from Poor (heavily worn) to Mint State (uncirculated). A coin in excellent condition can be worth many times more than the same coin in worn condition.
Silver or Gold Content
Many older Canadian coins contain 80% silver. Even a common silver coin has a base value tied to the current silver price, regardless of collector demand.
Collector Demand
Some coins are actively sought by collectors, which drives prices higher. Key dates, varieties, and coins from popular series attract more buyers.