The Canadian 1964 One Dollar coin, struck in 80% silver, reflects a period of economic stability and national pride. Its design, featuring the Bluenose schooner, symbolized Canada’s maritime heritage and growing identity. The Canadian 1964 One Dollar coin was essential for trade during an era when silver was still widely used in currency.
In 1964, Canada faced economic growth and rising inflation. The Canadian 1964 One Dollar coin’s silver composition linked it to traditional metal-backed currency. However, as inflation increased, the Canadian government eventually reduced silver content in coins, marking a shift in monetary policy and the beginning of the transition to base metals.