A Look at 5 of the Most Popular World Silver Bullion Coins
World silver bullion coins have become increasingly popular in recent years. Although bullion is produced primarily as a precious metals investment, many people also love the idea of owning bullion coins from exotic, far-off places. In addition to the investment value, some bullion coins have numismatic allure.
Here’s a brief introduction to five of the most interesting types of silver bullion coins:
Canadian Silver Maple Leaf Coin
The Royal Canadian Mint produced its first Silver Maple Leaf bullion coins in 1988. The coin features a portrait of Queen Elizabeth on the obverse. However, the coin gets its name from the reverse image of the maple leaf, a symbol of Canada. The Royal Canadian Mint was among the first to increase the purity of silver coins to its four nines standard, or 99.99% pure.
The 1 troy ounce Canadian Silver Maple Leaf has a face value of five dollars, making it the highest face value of any 1 oz. coin in the world. The silver maple leaf is technically legal tender. This means someone could walk into the grocery store and pay for groceries in Canadian Silver Maple Leaf coins.
It should go without saying that this is not advised due to the silver value of the coin compared to its legal tender value of $5.
Although the main design of these world silver bullion coins remains the same year after year, there have been special privy marks in certain years. For instance, the Zodiac series featured privy marks representing different zodiac signs. Other Canadian Maple Leaf coins are colorized or feature holograms.
Chinese Silver Panda
In 1983, the People’s Republic of China’s mint began producing Chinese Silver Panda coins. The first three years, only proof coins were minted, with mintages of only 10,000 coins per year. Later, bulk uncirculated coins came onto the scene.
The obverse of the Chinese Silver Panda depicts the Hall of Prayer for Good Harvests. The reverse changes each year, featuring a different portrait of the Giant Panda.
These world silver bullion coins come in 1 kilogram, 150 gram, and 30 gram since the Chinese mint began using the metric weights in 2016. Prior to 2016, they were available in 12 troy ozs, 5 troy ozs, 1 troy oz, 1/2 troy oz, and 1/4 troy oz.
The purity of the Giant Panda has increased twice, from 90.0% in 1983 to 92.5% in 1987, and later to its current purity of 99.9%.
The face value of these world silver bullion coins is 10 Yuan.