2014 Silver Maple Leaf Bullion and Reverse Proof Finishes

This year, the Royal Canadian Mint introduced new security features for the Silver Maple Leaf bullion coin, which served to significantly change the appearance of the coin. More recently, a premium version of the Silver Maple Leaf was introduced featuring a reverse proof finish.

I have acquired examples of each of the coins and wanted to share images with readers, since oftentimes the online product images do not give a fair representation of what the coins will look like in hand.


Shown above is the obverse of the 2014-dated Silver Maple Leaf bullion coin. The portrait carries a reflective proof-like appearance, while the fields now contain radial lines emanating from the center of the coin. The lines are fine enough so that from a distance they are only faintly visible, but create interesting effects when the coin is rotated in the light. I find this new appearance much more pleasing than the previous background which featured faint vertical striations.


The reverse of the bullion coin contains the same radial lines in the fields with the addition of a micro-engraved laser mark to the right of the maple leaf stem. At the center of the mark is the number “14” indicating the date.


Shown above is the obverse of the “premium version” 2014 Silver Maple Leaf. Once again the portrait is reflective, but more deeply mirrored and smooth when compared to the bullion version. The background is finely frosted, contrasting with the brilliant raised elements to create the reverse proof effect.


Lastly, the reverse of the premium Silver Maple Leaf is shown above. Once again the design is rendered with raised elements mirrored against  frosted background.

Whereas the Royal Canadian Mint’s website refers to this as a “premium version,” the certificate of authenticity refers to the coin as a “2014 $5 Fine Silver Coin Bullion Replica”. There is a maximum mintage of 20,000 pieces, as compared to mint-to-demand for the bullion version.

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  1. ROS says

    RCM products are adversely affected by milk spots. Its a problem
    that is widely discussed in the bullion community but largely ignored
    by the RC Mint. Perhaps they quietly addressed the issue during this security redesign? Lets hope so, many people will not buy their products because
    of it.

  2. Koichi Ito says

    The best Silver Maple Leaf bullion coin was 1999 $50 10 ounce silver Maple Leaf issued in 1999.

  3. fmtransmitter says

    With the Chinese faking, and myself receiving fake silver bars once, this is the future of bullion coinage. There has to be ways to stop the people trying to deceive the public.

  4. Ikaika says

    @ VA Rich

    It seems like the WTE hype is going away as fast as it came. We are even getting phone calls from GM with offers to sell their inventory, of course at an inflated price.

  5. VABEACHBUM says

    @ Ikaika – FOUR different telemarketing calls in 6 days from Tom at GM, thanking me for my purchase of my one WTE Standard Proof and wanting to tell me about some “great GM opportunities that might interest me.”

    I get their catalogue every 2 months and emails at least once a week. I have their website address and their toll-free phone number. I do not need 4 or more calls from Tom!!!

    Again, I use them when I have to, not because I want to.

  6. VA Rich says

    Ikaika – I’m beginning to see fewer & fewer available now, personally, if all it takes is 5 or 10k to saturate the market for a very unique & stunning design, then I think we’re all in trouble. I was thinking we’re likely to see an uptick soon in Spring, anyone else?

  7. Ikaika says


    A person here in the blog mentioned that GM had the 5oz WTE but we needed to call them to order. So I called to obtain info on the price and availability. GM wanted $699 for the pf69. I told them no thanks. Still got calls from them after that reminding me they had very few in stock and this was a unique opportunity. Will wait for the Perth release in a few months.

    @ VA Rich

    If you go to the bay there are plenty. Not many takers with the BIN option.

  8. Ikaika says

    BTW, when a dealer (GM) calls you to try to sell their product you can be certain sales aren’t going well.

  9. VABEACHBUM says

    @ Ikaika – No kidding about that “need to make cold calls”!!! There will be other options for obtaining the 5 oz WTE. Just be patient.

    GM did the same thing with the 5 oz, HR Koala from Perth in 2013. Never listed on their website during the 1st 4 month of availability; only made product details available via a phone call. Highly overpriced, 69 & 70 slabs. Wouldn’t give me the time of day for an OGP version that Perth was offering to the world at $490 AU. I obtained one from ECI at a lower price in the months before they folded.

    GM then used the same marketing techniques with the “Smithsonian Panda.” Overpriced, graded examples that they’re struggling to give away, and no considerations for simple, OGP offerings.

  10. JagFan says

    The reason they are calling you so much is they are on commission…

    Ironically, the standard proofs are still selling in the $135 to $140 range and occassionally what will get scooped up over $150. If you are looking to flip them for a nominal profit, they are at least moving..

    The 1oz HR Proofs selling if you are in the states, the ones that are not selling that well are from Australia and I think the High Shipping and the fact that it takes at least three weeks to get them scare many buyers away. I believe this design in OGP will be the fan favorite for years to come.

    The PCGS graded 1oz are selling briskly in the low to mid $300’s – the price will pick up as these are scooped up by the collectors. There are not many of these out there so they will eventually vanish.

    The market for the 5oz PCGS coins are at a standstill. This will probably stay this way until they are released by Perth Mint in June and the demand will increase.

    I still believe that these will be a long term winner and I hope that the series will continue in future years.

    Just my two cents worth…

  11. Ikaika says

    @ JagFan

    Agree with your assesment. Excellent design by JM and look forward to getting the bigger version later this year, but not at GM prices.

  12. saucexx says

    Ikaika, VABEACHBUM,

    I got a call from GM too. It’s bad enough that they send me that damn catalog, now they’re calling me! I ordered the regular WTE proof and hadn’t even received it before they called. Weird call, took way too long and he didn’t really get the hint. Heck I wouldn’t even be buying from GM if Perth didn’t force me too. It’s reasons like that (along with the mintage scam) why I’ve sold most of my Perth products. The only series I still collect are the HRs, and Perth is making it easier for me to give those up too.

  13. Ikaika says

    @ saucexx

    Same here. The only Perth product I have is the silver HR WTE. As mentioned, will pursue the 5 oz down the road. I do not agree with many things the Perth does.

  14. Koichi Ito says

    I thought that mint like Royal Canadian Mint and Perth Mint were non-profit organization? But it is just like profitable corporation like IBM and GM, when it come competition for minting coins. So where the profit for sale of coins go to?

  15. fmtransmitter says

    @Koichi, into the paychecks of the owners of the Mint’s and employee’s who make the coins and big ol’ house on a hill over looking a beautiful swimming pool and a Masseratti in the garage…
    @JagFan, wow, nice Tower coin, way cool!

  16. fmtransmitter says

    “I thought that mint like Royal Canadian Mint and Perth Mint were non-profit organization?”
    Where did you ever get that idea?

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