A Canadian Silver Dollar contains 0.6000 troy oz of pure silver, worth $32.43 at today's spot price.
Canada's first circulating silver dollar was struck in 1935 for King George V's Silver Jubilee. Most show a voyageur canoe on the reverse.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 24, 12:19 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1935–1967 |
|---|---|
| Face value | CAD $1 |
| Composition | 80% silver, 20% copper |
| Gross weight | 23.33 g |
| Fineness | .800 (80%) |
| Pure metal | 0.6000 troy oz (18.662 g) |
| Diameter | 36.06 mm |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
23.33 g × .800 fine ÷ 31.1035 g per troy oz = 0.6001 troy oz (the issuer states 0.6000 troy oz, which we use)
0.6000 troy oz × $54.05 spot = $32.43
How to identify it
- Circulating dollars dated 1967 or earlier are silver; 1968 and later circulating dollars are nickel.
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.
Related tools
Sources
- NGC World Coin Price Guide (KM#37) — checked 2026-10-22
- Saskatoon Coin Club: Canadian coin specifications — checked 2026-10-22