Junk silver coins – more precisely 90% silver coins - were the basis and staple of US circulating currency for 170 years. In 1965, silver was removed from circulating currency coins. Since then, Americans have been hoarding the junk silver coins.
Responding to the production and sale of silver and gold coins by other countries such as Canada and South Africa, Congress authorized the U.S. Mint to begin producing gold and silver bullion coins in 1986. The U.S. bullion coins became known as “American Eagles” because of the representation of that national symbol on the reverse of the coins.
The Canadian Silver Maple Leaf is a silver bullion coin issued annually by the government of Canada. The coin has been minted by the Royal Canadian Mint since 1988. The face value of the 1 oz coin is 5 Canadian dollars, the highest among international silver bullion coins. The purity is 99.99% silver, also the highest among other silver bullion coin issues