The value of a 1989 Canadian dollar coin (the “Loonie”) depends on several factors, including its type (circulation vs. commemorative) and condition:
- The 1989 standard Canadian dollar coin is the Loonie , featuring Queen Elizabeth II on the obverse and a loon on the reverse.
- It’s composed of bronze-plated nickel.
- The value of a circulated 1989 Loonie is generally close to its face value, around 1 CAD.
- Uncirculated examples can sell for slightly more. For example, a “Brilliant Uncirculated” coin might fetch around $13.99 USD.
- You can find listings on sites like [eBay] for various prices, with some as low as $2.78 USD for a “Very Fine” condition coin.
- In 1989, Canada also issued a commemorative silver dollar honoring the MacKenzie River.
- This coin depicts explorers in a canoe on the river.
- It’s composed of 50% silver, weighing 23.33 grams.
- The value of this commemorative coin is significantly higher than the standard Loonie due to its silver content and commemorative nature.
- “Brilliant Uncirculated” examples can be found for around $29.89 USD.
- Proof versions, which are struck with greater detail and have a mirror-like finish, are rarer and can be more valuable. An example graded “MS 68 by ANACS” is listed for $37.50 USD.
- While rare, error coins can significantly increase a coin’s value.
- One example is a 1989 Canadian Penny error coin which is octagon shaped instead of round, listed for $16 USD.
- Always be cautious of claims of “errors” on circulated coins, as they might be post-mint damage.
In summary
- A standard circulated 1989 Loonie is worth its face value (1 CAD).
- Uncirculated standard Loonies have a slightly increased value.
- The 1989 commemorative silver dollar has a higher intrinsic value due to its silver content.
- The value of any coin can vary depending on its condition, rarity, and market demand.
- It’s recommended to consult a reputable coin dealer or price guide for a more precise valuation of your specific coin.
Are Canadian silver dollar coins worth anything?
Canadian silver dollars are worth money for their metal content alone. Look for dollars minted between 1935 and 1967. Look for specimens. Specimen coins show greater relief than business strikes or even proof-like coins.