Canadian Bald Eagle Specifications
Technical details and investor-facing facts for Canadian Bald Eagle silver coins from the Royal Canadian Mint.
Technical Specifications
| Purity | .9999 fine silver (99.99% pure) |
| Silver Content | 1.0000 troy ounce (31.1035 grams) |
| Gross Weight | 31.1035 grams |
| Diameter | 38mm |
| Thickness | 3.29mm |
| Face Value | $5 CAD |
| Mint | Royal Canadian Mint |
| Edge | Reeded |
| IRA Eligible | Yes |
The .9999 Purity Standard
At .9999 fineness, Canadian Bald Eagle coins contain 99.99% pure silver, the highest standard available in bullion coins.
- •Maximum silver content: Virtually all of the coin's weight is pure silver
- •IRS compliance: Exceeds the .999 minimum fineness for Precious Metals IRAs
- •RCM standard: The Royal Canadian Mint pioneered .9999 purity in silver bullion
- •Simple valuation: Silver content equals coin weight, making spot price calculations straightforward
Learn more about silver purity at Monex Silver Coins
Legal Tender Status
Canadian Bald Eagle coins carry legal tender status in Canada with a $5 CAD face value. This government backing provides:
Authenticity Assurance
Produced by the Royal Canadian Mint with strict quality controls and advanced anti-counterfeiting measures.
Government Guarantee
Weight and purity backed by the Canadian government.
Market Recognition
Widely recognized and accepted by dealers worldwide, supporting liquidity.
IRA Eligibility
Legal tender status is one requirement for Precious Metals IRA inclusion.
IRA Eligibility Considerations
Canadian Bald Eagle coins qualify for inclusion in a Precious Metals IRA (Self-Directed IRA). Key considerations:
- ✓Exceeds IRS purity requirement (.9999 vs .999 minimum)
- ✓Produced by the Royal Canadian Mint (approved foreign mint)
- ✓Must be held by an IRS-approved custodian and depository
- ✓Cannot be stored at home for IRA purposes
Note: This is general information, not tax or investment advice. Consult a qualified tax professional or IRA custodian for guidance specific to your situation.
Understanding Premium Drivers
Canadian Bald Eagle coins trade at a premium above the spot price of silver. Factors that influence premiums include:
Minting Costs
Royal Canadian Mint production, quality control, and distribution expenses.
Dealer Margins
Wholesale and retail markups that fund dealer operations.
Supply & Demand
RCM production capacity versus investor demand for physical silver.
Market Conditions
Economic uncertainty, inflation concerns, and safe-haven demand can increase premiums.
Product Recognition
RCM quality and global recognition support competitive spreads.
View current silver pricing at Monex Silver Prices
Frequently Asked Questions
What is the purity of Canadian Bald Eagle silver coins?
Canadian Bald Eagle silver coins are .9999 fine silver, meaning they contain 99.99% pure silver. This is the highest purity available in silver bullion coins, exceeding the .999 purity of many other government-minted coins.
How much silver is in a Canadian Bald Eagle coin?
Each Canadian Bald Eagle coin contains exactly 1.0000 troy ounce (31.1035 grams) of pure silver. Thanks to the .9999 purity, the gross weight equals the silver content.
Are Canadian Bald Eagle coins legal tender?
Yes, Canadian Bald Eagle coins carry legal tender status in Canada with a face value of $5 CAD. This government backing provides authenticity assurance and weight/purity guarantees.
Can I hold Canadian Bald Eagle coins in an IRA?
Yes, Canadian Bald Eagle coins meet IRS requirements for inclusion in a Precious Metals IRA. The .9999 purity exceeds the IRS minimum fineness requirement of .999. You will need a qualified custodian and approved depository to hold IRA-owned coins.
Why do Canadian Bald Eagle coins have a premium over spot price?
Premiums reflect Royal Canadian Mint production costs, dealer margins, and supply/demand dynamics. Premiums account for the high .9999 purity standard, advanced security features, the coin's legal tender status, and its recognition as a trusted RCM product.
How does the Canadian Bald Eagle compare to the Silver Maple Leaf?
Both coins are produced by the Royal Canadian Mint with .9999 fine purity. The Canadian Bald Eagle features a distinctive bald eagle design, while the Maple Leaf features Canada's iconic maple leaf. Both are equally IRA-eligible and highly liquid.
What security features do Canadian Bald Eagle coins have?
Royal Canadian Mint coins include advanced security features such as micro-engraved radial lines and other anti-counterfeiting measures. These features help dealers and investors verify authenticity.
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