The Canadian 1963 10 Cent coin, designed by Carl Schaefer, features a caribou on the reverse, symbolizing Canadas natural heritage. Struck in 80% silver, it represented the countrys continued use of silver for coinage during a time of economic stability. The Canadian economy in the early 1960s was strong, with the government focusing on growth and modernization, impacting the circulation of silver coins like the Canadian 1963 10 Cent.
Politically, Prime Minister John Diefenbaker led Canada through this period, facing debates over defense and national identity. The 1964 decision to eliminate silver from circulating coins, including the Canadian 1963 10 Cent, marked a significant shift as the country moved toward base metals for coinage, influenced by global silver shortages.