Following a trend that saw many silver coins experienced in the mid-2000s, the Canadian Silver Maple Leaf was up in mintage for a third straight year and broke a sales record for the first time in its history with the 2007 release. However, it would be just the first of many records broken as silver prices surged higher with each year. The 2007 1 oz Canadian Silver Maple Leaf Coin is available to you for purchase online from JM Bullion.
- Arrives in protective plastic flips!
- 20th year of availability in the Silver Maple Leaf Series from the Royal Canadian Mint!
- Total mintage of 3,526,052 coins in 2007!
- Contains 1 Troy oz of .9999 pure silver in BU condition.
- Issued a face value of $5 (CAD) by Canada.
- Obverse bears a fourth-generation effigy of Queen Elizabeth II.
- Reverse includes the design of the sugar maple leaf.
Prior to the release of the 2007 1 oz Canadian Silver Maple Leaf coin, these 1 oz silver bullion coins had hit a high mintage mark in 1989 at 3.332 million coins. It is not unheard of for coins to hit their greatest highs in the second year of availability, which to this point was the case for the Silver Maple Leaf following its 1988 debut.
However, rising silver prices finally helped the Silver Maple Leaf topple that record with the 2007 release hitting 3.526 million coins. While that was just above the previous record of 3.332 million, it was more than one million coins higher than 2006, and was just the beginning of new records for the series. In 2008, for example, the Silver Maple Leaf doubled its record moving to 7.9 million coins!
Powering the rising mintage figures for the Canadian Silver Maple Leaf coins was the price of silver. As recently as two years prior, the price of silver averaged around $8.00 per ounce throughout the year. However, that figure had been increasing dramatically, with 2007 seeing silver prices average $13.29 per ounce throughout the year, driven in large part by the onset of the Great Recession.
The obverse of Canadian Silver Maple Leaf Coins includes the right-profile portrait of Queen Elizabeth II. Her Majesty is found on the obverse of all Canadian coins, and by 2007 the design was that of Her Majesty created in 2003 by Susanna Blunt.
On the reverse of the 2007 1 oz Canadian Silver Maple Leaf Coin is the sugar maple leaf. Designed by Walter Ott, this image of the national emblem is found on all metallic versions of the Canadian Maple Leaf coins.
We encourage JM Bullion customers to reach out to us with questions at 800-276-6508. You can also connect with us online through our live chat service or email address.