Canadian Silver Maple Leafs are one of the most widely traded 1 oz silver bullion coins in the US market, minted by the Royal Canadian Mint at .9999 fine silver — a notch purer than the American Silver Eagle's .999. BullionMetric tracks live pricing for Silver Maple Leaf listings across 7 US dealers, covering single coins, 2 oz and 10 oz formats, 500-coin monster boxes, and both the Queen Elizabeth II and King Charles III effigy years. The table below updates as dealer pricing changes; premiums, not sticker price, are what determine the real cost of buying.
Live Category Premiums
Silver Maple Leaf Prices & Premiums — Live Comparison Across 8 US Dealers
BullionMetric earns affiliate commissions on some outbound dealer links. All premium calculations and dealer rankings are based on live pricing data, not paid placement. Methodology.
Best deal today
Apmex at 5.28% over spot
1 oz canadian silver maple leaf bu random year
View dealer listing| Product | Metal | Dealer | Price | Premium % | $/oz over spot |
|---|---|---|---|---|---|
Silver | Apmex | $74.01 | +5.28% | +$3.71 | |
Silver | Apmex | $74.01 | +5.28% | +$3.71 | |
Silver | Apmex | $75.01 | +6.70% | +$4.71 | |
Silver | Hero Bullion | $74.30 | +6.72% | +$4.68 | |
Silver | Provident Metals | $75.00 | +7.10% | +$4.97 | |
Silver | Apmex | $37,755.00 | +7.41% | +$2,605.00 | |
Silver | Money Metals Exchange | $75.39 | +7.70% | +$5.39 | |
Silver | Kitco | $75.65 | +7.81% | +$5.48 | |
Silver | Apmex | $77.01 | +9.54% | +$6.71 | |
Silver | Hero Bullion | $76.79 | +10.30% | +$7.17 |
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What is a Silver Maple Leaf?
The Canadian Silver Maple Leaf is a 1 oz (and multi-format) bullion coin struck by the Royal Canadian Mint, first issued in 1988. It carries a $5 CAD face value — purely nominal, since its actual worth tracks silver spot price plus premium. It's the second-most-traded government-minted 1 oz silver coin in the US retail market after the American Silver Eagle.
History, mint, and classification
The Maple Leaf was the RCM's answer to the US Mint's Silver Eagle and the success of gold Maple Leafs in the early 1980s. Its defining feature is purity: at .9999 fine, it's purer than the Eagle (.999), the Britannia (.999), and most other major sovereign silver coins. Design changes track the reigning monarch — Queen Elizabeth II's effigy through 2023, King Charles III's effigy from 2024 onward — which is why both show up as separate SKUs across dealers.
What Silver Maple Leaf variants exist?
BullionMetric currently tracks 49 distinct Silver Maple Leaf products across 7 dealers. They break down into a few clear groups:
1 oz singles (the bulk of the catalog). Individual year coins from 1990 through 2025, sold either as "random year" (dealer picks, usually cheapest) or as a specific year if a buyer wants one. Random year is almost always the lower-premium option and is what BullionMetric uses as the standard cross-dealer comparison SKU.
Effigy split: Queen Elizabeth II vs. King Charles III. Both are functionally identical bullion — same weight, same purity — but some dealers list them as separate SKUs. Neither effigy currently commands a meaningful premium over the other in BullionMetric's tracked data.
Condition grades below standard. "Cull," "circulated," "off quality," and "spotted/tarnished" listings appear at several dealers. These are the same .9999 fine silver content at a lower price, with cosmetic damage or heavy circulation wear. Worth knowing about if you don't care about how the coin looks, worth avoiding if you're building a set you might resell later at a premium tied to condition.
Larger formats. A 2 oz "Twin Maple" and a 10 oz "Magnificent Maple Leaf" exist alongside the standard 1 oz, priced (and priced-per-ounce) differently — larger formats often carry a lower premium than an equivalent stack of 1 oz coins, since minting and packaging costs don't scale linearly.
Numismatic and specialty issues. A 1 kilo (32.15 oz) proof "Multifaceted Maple Leaf" and limited privy-mark editions (a 2024 "Congratulations" privy, a Polar Bear privy) show up in the catalog. These are collector issues, not standard bullion — expect meaningfully higher premiums and don't compare them against the bullion-grade random-year price.
Bulk: the 500-coin monster box. Sold sealed or unsealed, priced as one line item. The per-coin premium on a monster box is usually close to the per-coin premium on singles — bulk buying saves on per-transaction friction more than it saves on premium, at least at current tracked pricing.
How Silver Maple Leaf premiums are set
The spot-plus-premium math
Every dealer's Silver Maple Leaf price breaks into two pieces: the spot price of silver (set by the futures market, identical everywhere at any given moment) plus a premium that covers minting cost, dealer margin, shipping, and payment processing. The premium is the only part that varies dealer to dealer — it's also the only part a buyer has any control over, since nobody negotiates spot price.
Why Silver Maple Leaf premiums move differently than American Silver Eagle premiums
Maple Leaf premiums have historically run lower and more stable than Silver Eagle premiums. Part of this is mint capacity — the Royal Canadian Mint doesn't face the same periodic allocation constraints the US Mint has imposed on Silver Eagles during high-demand periods, which is what causes Eagle premiums to spike disproportionately when retail demand surges. Part of it is brand demand: US buyers pay up for the Eagle's US Mint pedigree even though the Maple Leaf is a purer coin at a comparable weight. Neither effect shows up as a fixed percentage — it shows up as the Eagle's premium being more volatile over time, not just higher on average.
Silver Maple Leafs 30-day median premium trend
Median in-stock premium across tracked dealers, filtered to 0-100% over spot.
Which dealer is cheapest for Silver Maple Leaf?
Over the last 22 tracked days (of a 30-day window — scrape cadence runs roughly 5 days/week, so full daily coverage isn't expected and this reconciles cleanly with no missing days), only two dealers ever held the lowest-premium spot on BullionMetric's standard 1 oz random-year comparison coin:
- Kitco — lowest premium on 14 of 22 days (64%)
- SD Bullion — lowest premium on 8 of 22 days (36%)
No other tracked dealer — not APMEX, not Provident Metals, not JM Bullion — was the single cheapest option on any tracked day. That's a cleaner result than most categories in this cluster produce, where the "cheapest" title is scattered across five or six dealers with no consistent leader.
One wrinkle worth flagging plainly: SD Bullion doesn't currently have an in-stock Silver Maple Leaf listing in this pull, despite winning the daily-low spot more than a third of the time over the last month. That's why it doesn't appear in the "Best Deal Today" module or the data table above — it's a real, recent performer that happens to be out of stock right now, not a dealer that's fallen off. Check back or check SD Bullion directly if their stock status matters to your decision.
Kitco is also the most reliably in-stock dealer tracked for this category — 100% in-stock across all logged observations in the last 30 days, ahead of SD Bullion (88%), Money Metals Exchange (85%), Provident Metals (46%), APMEX (45%), BGASC (38%), and JM Bullion (30%). Combined with the premium data above, Kitco is the one dealer in this category that wins on both price and availability — worth calling out directly rather than burying in a table, since that combination doesn't happen often across the dealers BullionMetric tracks.
(APMEX's low in-stock rate reflects its unusually deep back-catalog of specific year listings, many of which sit perpetually out of stock — not a sign of poor operational reliability on the products APMEX actively stocks. See our methodology for how BullionMetric adjusts for catalog depth.)
| Dealer | 30d median premium | Days lowest | In-stock listings |
|---|---|---|---|
| Hero Bullion | 8.60% | 0 | 2 |
| Kitco | 12.83% | 11 | 1 |
| Money Metals Exchange | 14.30% | 6 | 4 |
| BGASC | 20.20% | 1 | 0 |
| SD Bullion | 20.33% | 0 | 1 |
| Provident Metals | 20.44% | 6 | 10 |
| JM Bullion | 23.00% | 0 | 6 |
| Apmex | 26.20% | 0 | 4 |
Silver Maple Leafs 30-day median premium by dealer
Dealers ranked by median in-stock category premium over the last 30 days.
Silver Maple Leaf weight and silver content
Reference physical specs for the main Silver Maple Leaf formats BullionMetric tracks. Every format is struck at .9999 fine silver.
| Coin | Series | Years | Silver purity | Silver content (troy oz) |
|---|---|---|---|---|
| 1 oz coin | .9999 fine | 0.9999 troy oz pure silver | ||
| 2 oz Twin Maple | .9999 fine | 1.9998 troy oz pure silver | ||
| 10 oz Magnificent Maple Leaf | .9999 fine | 9.999 troy oz pure silver | ||
| 1 kilo Multifaceted Maple Leaf (proof) | .9999 fine | Numismatic issue — priced on rarity, not just content | ||
| 500-coin monster box | .9999 fine | Sum of 500 individual 1 oz coins |
Where to buy Silver Maple Leaf (and what to look for)
Use the table above to find the current lowest premium among dealers with in-stock inventory, and check the "Which dealer is cheapest" section for who's actually been consistent over time versus who happens to be cheapest today.
What to check before buying
Condition grade. "BU," "random year," and a specific minted year are all standard investment-grade coins. "Cull," "circulated," and "off quality" are the same silver content at a real discount, but with visible wear or damage — fine if you're buying for silver content alone, worth avoiding if you plan to resell as a complete, uniform set.
Effigy year, if it matters to you. Queen Elizabeth II and King Charles III effigy coins carry no meaningful premium difference in current data. If you have a preference, ask before ordering "random year" — some dealers won't let you choose.
Security features. RCM Silver Maple Leafs minted since 2014 carry radial lines on the reverse as an anti-counterfeiting measure, and since 2015 an added laser-engraved micro maple leaf privy mark. Older coins (pre-2014) don't have these features and aren't counterfeit for lacking them — just be aware which security generation you're buying if that matters to you.
Per-unit economics on monster boxes. A 500-coin monster box is a large single purchase; confirm the per-coin premium actually beats buying singles before committing, since it isn't guaranteed to.
How BullionMetric tracks Silver Maple Leaf premiums
BullionMetric scrapes pricing from all 7 tracked dealers roughly 5 days a week and calculates each listing's premium over spot at the moment of ingest, not after the fact. Full methodology, including how stock status and back-catalog depth are handled, is at How BullionMetric Tracks Premiums.
Related categories
Silver Maple Leafs sit alongside several other sovereign and near-sovereign 1 oz silver coins worth comparing on premium and availability:
- Silver Libertads
Mexican Mint .999 fine 1 oz sovereign coin — the closest non-US alternative to the Maple Leaf on premium behavior.
- Silver Britannias
UK Royal Mint .999 fine coin, similarly positioned against the Eagle on brand-vs-purity trade-offs.
- Silver Pandas
Annually redesigned Chinese Mint coin, a common second purchase for buyers who start with Maple Leafs.
- American Silver Eagles
The most-searched comparison point for Maple Leaf buyers — see the FAQ above for the direct comparison.
Frequently asked questions
Is Silver Maple Leaf a good investment?
That depends on your goals, not on anything BullionMetric can answer for you. What's factual: it's a government-minted, highly liquid bullion coin at .9999 purity — among the highest of any major sovereign silver coin — with active resale markets through virtually every dealer BullionMetric tracks. Liquidity and purity are real, verifiable properties; whether it fits your portfolio is a separate question.
What's the cheapest place to buy Silver Maple Leaf right now?
As of this page's last update, Money Metals Exchange and Kitco are within a rounding error of each other for the cheapest standard-grade 1 oz coin, both around 12.96% over spot. Check the live table above — dealer pricing changes throughout the day, and today's answer may not be tomorrow's.
How is Silver Maple Leaf different from American Silver Eagle?
Both are 1 oz government-minted bullion coins with strong liquidity, but they differ on two points: purity (Maple Leaf is .9999 fine, Eagle is .999) and mint of origin (Royal Canadian Mint vs. US Mint). In BullionMetric's tracked data, Eagle premiums have historically run higher and more volatile than Maple Leaf premiums, largely due to US Mint production allocation constraints the RCM doesn't face to the same degree.
What does "random year" mean on a Silver Maple Leaf listing?
It means the dealer ships whatever year they have in stock rather than letting you pick a specific year. It's almost always the lowest-premium option, since dealers don't have to sort or guarantee inventory by year.
Why do some Silver Maple Leaf listings cost less than others with an identical description?
Check the condition grade first — "cull" and "circulated" listings are priced lower than BU for cosmetic reasons, not silver content differences. If two listings are both standard BU/random-year, the remaining gap is dealer premium, which is exactly what the table above is built to surface.