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Does a 1971 British Columbia Canadian Dollar Contain Silver?

How to Find out if it’s a Silver Dollar

There are 1971 British Columbia Canadian Dollars that contain Silver, and there are 1971 British Columbia Canadian Dollars that do not have Silver content.

The 1971 British Columbia Centennial Commemorative Dollar is made from equal parts Silver and Copper. The Circulating 1971 British Columbia Canadian Circulating Dollar is made from Nickel.

How can you tell the 1971 British Columbia Commemorative Dollar from the Circulating Dollar?

While the obverse is nearly identical, the reverse of these coins is very different.

The circulating release displays British Columbia’s coat of arms with its provincial flower, the dogwood, above the coat.

The Centennial release also has British Columbia’s coat of arms on the reverse but features a wapiti stag and bighorn sheep on either side of the coat of arms. A Royal lion sits atop a large crown over the shield.

There are some other distinctions between these coins, as well. The Centennial release contains .375 oz of Silver and weighs 23.3 grams. The circulating release is composed of Nickel and weighs 15.62 grams.

The final method of telling these two coins apart involves using a magnet. The Silver content of the Centennial release is non-ferrous, while the Nickel content of the circulating release is ferrous and will attract a magnet.

Quick Guides to Investing

Step 1:

Why Buy Physical Gold and Silver?

If you are concerned about the volatility of the stock market, you’re not alone. The extreme highs and lows of the stock market often lead investors towards safe-haven assets, like bullion. Historically, the Precious Metals market has an inverse relationship with the stock market, meaning that when stocks are up, bullion is down and vice versa.

Step 2:

How Much Gold and Silver Should You Have?

This question is one of the most important for investors to answer. After all, experts suggest limits on how much of any types of investments should go into a portfolio. After deciding to purchase and own Precious Metals and considering how much money to allocate, one can then think about how much and what to buy at any point in time.

Step 3:

Which Precious Metals Should I Buy?

With the frequent changes in the market and countless Precious Metal products available, choosing investments can be difficult. Some want Gold or Silver coins, rounds or bars while others want products that are valuable because of their design, mintage or other collectible qualities. Also, collectors may shop for unique sets and individual pieces for their collections.

Step 4:

When to Buy Gold & Silver

After considering why, how much, and what Precious Metals products to buy, an investor’s next step is when to buy them. This decision requires an understanding of market trends and the impact of economic factors on precious metal prices.

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