1999 1 oz Canadian Silver Maple Leaf Coin (BU)

The 1999 issue of the Canadian Silver Maple Leaf was the second-highest mintage of the coin in 1990s. Much of the decade was marked by strong stock performance in global markets and higher, but steady, silver prices. However, Y2K fears came to a head between 1999 and 2000, sinking markets and pushing investors back toward precious metals.

A total of 1,229,442 coins were produced by the Royal Canadian Mint in 1999. This was higher than the 1993 issue of 1.133 million coins, but still below the 1990 release of 1.708 million coins. More importantly, mintage of the coins was up 10 fold from just two years earlier when the 1997 Silver Maple Leaf hit an all-time low of just 100,970. It was also more than double the 591,359 coins from the 1998 Silver Maple Leaf.

Silver prices in 1999 remained steady and consistent with previous years. The price averaged $5.20 per ounce throughout the year, hitting lows around $4.90 per ounce and highs of roughly $5.70 per ounce throughout the course of 1999.