Discovering the true value of your 1970 Canadian dollar is an exciting prospect, but it's crucial to understand what makes this particular coin special. While these are often called "silver dollars" out of tradition, the 1970 dollar coin issued for general circulation is actually made of pure nickel. This means its value isn't tied to the price of silver, but rather to its appeal to collectors, which hinges almost entirely on its condition.
The coin commemorates the 100th anniversary of Manitoba's entry into the confederation, featuring a prairie crocus on the reverse. A common, circulated version of this coin that you might find in an old collection or change jar typically has a modest value, often just a few dollars above its face value. Its worth in this state is primarily as a historical keepsake.
However, the real potential for value lies in the special collector versions that were issued in mint sets, as indicated by the reference from Coins and Canada. If your coin has a brilliant, sharp, and almost mirror-like finish with no signs of wear, you might have a "Proof-like" or "Specimen" version. These coins were never intended for circulation and were specially struck for collectors. A high-grade, uncirculated example from one of these sets is where you will find the most significant value, as collectors are always seeking out the best-preserved examples for their collections.
Therefore, the key to determining your coin's worth is to closely examine its condition. A worn, scratched coin is a common nickel dollar, while a pristine, lustrous coin could be a far more valuable collector's piece.
