This particular coin, minted by the Royal Canadian Mint in 1965, represents a significant piece of Canadian numismatic history. Composed of 80% silver and 20% copper, it features the iconic image of Queen Elizabeth II on the obverse and a voyageur canoe on the reverse. Its production marked a period of transition in Canadian coinage, influenced by rising silver prices at the time.
The significance of this coin stems from several factors. Its inherent silver content makes it valuable as a precious metal commodity. Furthermore, its historical context as a coin produced during a pivotal period in Canadian coinage and its iconic design contributes to its collectibility. These factors combine to create a coin with both intrinsic and numismatic value, sought after by collectors and investors alike.