Cull silver maple leaf12/3/2023 ![]() Coins produced by national mints qualify for holding in an IRA.What about in this case?Īs a threshold matter, Individual Retirement Accounts (IRAs) do permit these silver coins as IRA eligible investments. Generally, the coin experts at Scottsdale Bullion & Coin advise our clientele on buying bullion coins for a self-directed IRA account. Canadian Silver Polar Bears Are IRA Eligible Coins. You might also come across reviews under the advertising that claim these coins will go up in price every year, which may make the viewer buy right away, or be left with a fear of missing out. It is typically marketed as suitable and attractive for first-time entrants into the precious metals IRA arena, as well as for long-term silver bullion investors. The queen’s name is inscribed above her profile and underneath is the denomination: “8 DOLLARS,” followed by the year of minting, “2013.” On the obverse is the classic image of Queen Elizabeth II, designed by Canadian artist Susanna Blunt. On the top of the coin, lettering reads: “CANADA.” Underneath the polar bear image are the words “FINE SILVER 1½ OZ ARGENT PUR.” The coin’s reverse features a sleek, attractive profile of a polar bear in a walking stance, testing the arctic ice. The coin was originally minted by the Royal Canadian Mint (RCM) in 2013. This silver polar bear coin weighs in at 1.5 ounces. 2013 1.5-Oz Silver Polar Bear Coin Design It’s important to note, however, that individual dealers are misleading consumers, not the Royal Canadian Mint. What’s startling is that some dealers mark up the coin more than 160% over the silver spot price. You may find silver polar bear coins advertised on commercial dealers’ sites. These 2013 coins are legal tender and contain 1.5 ounces of. The polar bear coins are striking-as are all wildlife coins produced by the Royal Canadian Mint. Outrageous Markups on the Silver Polar Bear (Bullion) Coin And find out how to avoid making the same mistake with your money. But that’s exactly what’s happening to many investors. How much over? We’ve seen 163% markups!įrom an investing standpoint, it defies common sense to buy coins at a cost that could be difficult to recoup should you later wish to sell. Why? Because dealers are advertising this coin for far too much over the spot price of silver. If you’re thinking about investing in these silver coins, our warnings about exclusive Canadian bullion coins bear repeating: Buyer Beware. The obverse features the aforementioned images of Her Majesty.Tempted to buy the 2013 1/2 ounce Canadian Silver Polar Bear Coin? READ THIS FIRST! On the reverse of each coin is the iconic sugar maple leaf, along with engravings of the nation of issue, the coins purity, metal content, and weight. All coins produced between 2004 and the present feature Susanna Blunts third-generation image. The original, first-generation design is included only on coins with a 1988 or 1898 year of issue, and were designed by Arnold Machin.ĭora de Pedery-Hunt created the image of Queen Elizabeth that features on the obverse of Canadian Silver Maple Leafs issued between 19. The image of Queen Elizabeth II on the obverse will be one of three designs. In this product listing, you will receive a Canadian Silver Maple Leaf coin with a random year of issue depending upon availability at the time your order is fulfilled. The Silver Maple Leaf shares the exact same designs on both the obverse and reverse as its gold counterpart, with only Queen Elizabeth IIs image on the obverse changing over time to reflect her age. The Canadian Silver Maple Leaf was introduced in 1988, almost a decade after the gold version of the coin. Queen Elizabeth IIs right-profile portrait on the obverse.Features the sugar maple leaf on the reverse.Issued a face value of $5 (CAD) by the federal government in Canada.One of the most popular coins in the world, the Silver Maple Leaf is one of few sovereign mint bullion coins struck in. ![]() Just behind the American Silver Eagle is the Canadian Silver Maple Leaf. North American coins are among the most popular bullion and proof products in the world. ![]()
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