2004 Canadian 5-Cent (Nickel) Value Guide
Find out what your 2004 Canadian nickel is worth. Complete CAD price guide covering Business Strike, Proof-Like, Specimen, Silver Proof, and the rare D-Day commemorative — with values by grade and finish.
Most 2004 Canadian nickels found in pocket change are worth $0.05 (face value). In certified gem grades, values climb to $15–$50+. The D-Day Silver Proof commemorative trades from $25–$60+ by grade.
- Circulated (any grade up to AU): Face value — $0.05
- Uncirculated MS64:$5.00–$6.50
- Gem Uncirculated MS65:$15.00–$18.00
- Superb Gem MS66:$30.00–$50.00
- Proof-Like PL67:$25.00+
- Specimen SP67:$35.00+
- Silver Proof (Beaver) PR67:$30.00+
- D-Day Silver Proof PR67:$60.00+
- Test Token (TT-5.12) MS67:$100.00+
Found a shiny coin in change? It is almost certainly a Proof-Like (PL) coin broken out of a collector set — not a rare high-grade Business Strike. Wondering if it is silver? Standard 2004 nickels — including PL and Specimen issues — are Multi-Ply Plated Steel and strongly magnetic. Only the Silver Proof (Beaver design) and D-Day commemorative varieties are .925 sterling silver, and non-magnetic. All values in Canadian dollars (CAD) as of February 2026. See the full value chart →
The 2004 Canadian 5-cent coin represents a mature phase of the Royal Canadian Mint's Multi-Ply Plated Steel (MPPS) technology and the first full, uncontested production year featuring Susanna Blunt's Fourth Portrait of Queen Elizabeth II. All 2004 circulation, Proof-Like, and Specimen strikes carry a "P" composition mark beneath the Queen's bust — the denomination-wide identifier for plated coinage — making 2004 a clean, single-portrait year free from the transitional varieties of 2003. The numismatic highlight of the vintage is the separately struck D-Day Silver Proof commemorative, honouring the 60th Anniversary of the Normandy landings with its iconic 12-sided shape, revival Victory "V" reverse, and Morse Code rim inscription. For the complete series price history across all years and eras, see our Canadian Nickel Value Guide.
Note: Strike errors, off-metal planchet errors, and clipping defects exist for 2004 but are outside the scope of this standard value guide.
2004 Canadian 5-cent coin: obverse featuring Susanna Blunt's bare-headed Queen Elizabeth II portrait with "P" composition mark, and reverse showing G.E. Kruger-Gray's iconic Beaver design with date 2004.
2004 Canadian Nickel Composition & Melt Value
Plated Steel (Circulation, Proof-Like & Specimen Strikes)
The 2004 5-cent coin is struck on a Multi-Ply Plated Steel (MPPS) planchet: a steel core electroplated with alternating layers of copper and nickel, finished with an outer nickel layer to give the coin its traditional silver appearance and corrosion resistance. This composition is strongly ferromagnetic — a simple magnet test immediately distinguishes any standard 2004 nickel (including PL and SP collector issues struck on the same planchet type) from its silver counterparts.
The MPPS weight of 3.95 grams is lighter than the cupro-nickel era standard of 4.6 grams (1982–2001), a deliberate reduction calculated to update vending-machine calibration while keeping the coin recognisable by feel. The "P" mark beneath the Queen's bust was introduced by the RCM to signal this plated composition to the public and to vending-machine operators. For the 2004 issue, the "P" mark is present on every authorised circulation, PL, and SP strike — it is a standard feature, not a variety.
Because the plating is relatively soft over the hard steel core, these coins are particularly vulnerable to bag marks, plating blisters (trapped gas or impurities from the electroplating process), and milk spots (white residue from the rinsing stage). Any of these surface issues can prevent a coin from achieving gem grades, which is why pristine examples command significant premiums. The intrinsic metal value of a plated steel 5-cent is negligible; numismatic value far exceeds any melt consideration, and Canadian law prohibits the melting of coin of the realm regardless.
Magnet test: a 2004 plated steel nickel is strongly attracted to a rare-earth magnet (left), while a .925 sterling silver 2004 Silver Proof coin is unaffected (right). (Illustration — not a photo of your exact coin)
Sterling Silver (Silver Proof & D-Day Commemorative Strikes)
Both the Silver Proof (standard Beaver design) and the D-Day commemorative 5-cent are struck in .925 Sterling Silver. At 5.35 grams, these coins are noticeably heavier than their steel counterparts — a useful authentication test when no magnet is available. Being silver, they are completely non-magnetic. The silver Proof issues were struck at the RCM's Ottawa facility, which is reserved for numismatic productions, while mass circulation strikes came from Winnipeg. The document does not provide a separate melt-value calculation for the silver issues; for current silver spot pricing, consult a live commodity feed before estimating intrinsic value.
Side-by-side weight and edge comparison: the 2004 plated steel nickel (3.95 g, left) versus the 2004 .925 sterling silver Proof nickel (5.35 g, right). The heavier silver coin and its pure-silver edge colour are visible diagnostic differences. (Illustration — not a photo of your exact coin)
2004 Canadian Nickel Value Chart by Grade & Finish
ℹ️ Condition Rarity vs. Mintage Rarity
The 2004 5-cent was struck in enormous quantities (over 123 million circulation coins). Common-date status means circulated examples are worth face value. Value is driven entirely by condition — finding a flawless, bag-mark-free specimen in a sea of machine-struck steel coins is the real challenge.
2004 Canadian Nickel — Business Strike (Circulation)
Mintage: 123,925,000 (RCM/Wikipedia) or 132,097,000 (Numista/Coins Unlimited) — the discrepancy reflects differing calendar-year vs. fiscal-year reporting methodologies. Either figure confirms this is a high-mintage, common-date issue.
| Type | MS60–63 | MS64 | MS65 | MS66 | MS67 |
|---|---|---|---|---|---|
| 2004-P Circulation (Plated Steel) | Face value–$0.50 | $5.00–$6.50 | $15.00–$18.00 | $30.00–$50.00 | $100.00+* |
*MS67 values are estimates based on scarcity and comparable registry sales; few examples trade publicly. Plating blisters, bag marks, and milk spots are the primary obstacles to gem grades. Check values against the NGC Price Guide for Canada 5 Cents KM 491.
⚠️ The "Top Pop" Effect
Because grading costs typically exceed coin value at lower grades, few 2004 nickels are ever submitted for certification. A collector who does submit and receives MS67 or higher holds a top-population coin — in a competitive registry set, such a coin may realize prices well above the table above, driven by competitive demand rather than absolute scarcity of the coin type itself.
Grade comparison: a heavily bag-marked circulated 2004 Canadian nickel (left, worth face value) versus a Gem Uncirculated MS65 example with clean fields and full plating lustre (right, worth significantly more). (Illustration — not a photo of your exact coin)
2004 Canadian Nickel — Proof-Like (PL)
Mintage (set sales): 96,847 Uncirculated (PL) Sets. Coins are struck on polished blanks using polished dies, creating semi-reflective fields. These were sold in pliofilm (soft plastic) envelopes.
⚠️ PVC Damage Risk
Proof-Like coins stored in original pliofilm packaging for decades may develop green PVC residue. If green slime is visible, the coin requires professional conservation with pure acetone — do not use nail polish remover. PVC-damaged coins revert to face value regardless of underlying quality.
| Finish | PL60–63 | PL64 | PL65 | PL66 | PL67 |
|---|---|---|---|---|---|
| 2004 Proof-Like (PL) | $1.00 | $1.00–$2.00 | $3.00–$5.00 | $10.00–$15.00 | $25.00+ |
PL coins bear the same "P" composition mark as the circulation issue. A "shiny" 2004 nickel found loose is almost certainly a PL coin broken from a set — not a rare high-grade Business Strike.
2004 Canadian Nickel — Specimen (SP)
Mintage (set sales): 46,493 Specimen Sets (Canada Goose dollar set). Coins are housed in a book-style rigid plastic case. The Specimen finish features fine, parallel lined (matte/satin) fields that diffuse light, paired with brilliant, glossy relief devices — a distinctive and immediately recognisable contrast.
| Finish | SP60–63 | SP64 | SP65 | SP66 | SP67 |
|---|---|---|---|---|---|
| 2004 Specimen (SP) | $1.50 | $1.50–$2.50 | $4.00–$6.00 | $15.00–$20.00 | $35.00+ |
The delicate lined fields of Specimen coins are susceptible to hairlines from mishandling. SP69 and SP70 examples are genuinely scarce, driving premiums at the top of the grade scale.
2004 Canadian Nickel — Silver Proof (Beaver Design)
Mintage (set sales): 57,614 Silver Proof Sets. Struck in .925 Sterling Silver (5.35 g) with deep black-mirror fields and heavily frosted (cameo) devices. Non-magnetic. Included in the annual Double Dollar / Silver Proof Set.
| Finish & Design | PR60–63 | PR64 | PR65 | PR66 | PR67 |
|---|---|---|---|---|---|
| 2004 Silver Proof — Beaver (KM# 491) | $10.00 | $12.00 | $15.00 | $20.00 | $30.00+ |
The silver proof's value reflects both precious metal content and premium numismatic finish. Cameo frosting contrast is a standard feature of the Proof finish but specific cameo premium percentages are not provided in the source data.
2004 Canadian Nickel — D-Day Silver Proof (60th Anniversary)
Mintage: 20,019 individual coins/sets. Struck in .925 Sterling Silver (5.35 g) with a 12-sided (dodecagonal) shape, Victory "V" reverse design, and Morse Code rim inscription. Non-magnetic. Cataloged as KM# 506. Sold with a bronze medallion featuring King George VI and a CD-ROM of historical data. See the Numista catalogue entry for the 2004 D-Day 5-cent (KM# 506) for full technical detail.
| Finish & Design | PR60–63 | PR64 | PR65 | PR66 | PR67 |
|---|---|---|---|---|---|
| 2004 D-Day Silver Proof — Victory V (KM# 506) | $25.00 | $30.00 | $35.00 | $45.00 | $60.00+ |
The D-Day coin is strictly Non-Circulating Legal Tender (NCLT). Its lower mintage (20,019 vs. 57,614 for the standard Silver Proof) and historical significance drive a consistent premium across all grades.
2004 Canadian Nickel — Test Token (TT-5.12)
The 2004 Test Token is a verified and highly coveted specialized rarity, cataloged as TT-5.12 by ICCS. Test Tokens are produced by the RCM to help the vending-machine industry calibrate equipment to new electromagnetic signatures. Auction records confirm their existence on the secondary market: an ICCS-graded MS-67 example is listed through Colonial Acres Coins, and a lot including a 5-cent TT-5.12 graded MS-66 was documented in Moore's Coins — The Canadian Legacy Sale II.
| Type | MS60–63 | MS64 | MS65 | MS66 | MS67 |
|---|---|---|---|---|---|
| 2004 Test Token (TT-5.12) | N/A | $40.00+ | $60.00+ | $80.00+ | $100.00+ |
Test Tokens are the single most valuable non-error variant of the 2004 nickel family. The MS60–63 range is listed as N/A because low-grade examples have not been documented in the sources reviewed; most examples confirmed in the market appear at MS64 and above. Only ICCS- or PCGS/NGC-certified examples should be pursued, as the risk of misidentification is high for uncertified pieces.
All values in CAD represent typical market prices as of February 2026. For the complete denomination price history across all years, see our Canadian Nickel Value Guide.
Most Valuable 2004 Canadian Nickel Varieties
The 2004 Canadian 5-cent coin does not exhibit die varieties (such as Large Beads or numeral varieties) in its standard circulation issue. Value is driven by grade, finish, and the two distinct authorized variants described below — one an intentional commemorative issue and one a specialized Mint production piece.
Trophy Level: 2004 D-Day Silver Proof — The 60th Anniversary Victory Nickel
The most significant authorized variant of the 2004 nickel family is the D-Day Silver Proof commemorative (KM# 506). This coin is a direct homage to the wartime "Victory Nickel" originally designed by Thomas Shingles and issued from 1943 to 1945.
- Reverse Design: A large Victory "V" superimposed with a burning torch, flanked by the dual dates "1944" and "2004."
- Shape: 12-sided (dodecagonal) — the same distinctive shape used on the original 1940s wartime issues. This immediately distinguishes it from the round standard 2004 nickel.
- Edge (Rim): Instead of standard denticles, the rim carries dots and dashes spelling out the Morse Code message: "WE WIN WHEN WE WORK WILLINGLY" — a wartime rallying cry reproduced as a direct link to the coin's 1944 ancestor.
- Composition: .925 Sterling Silver, 5.35 g — non-magnetic.
- Mintage: 20,019.
- Packaging: Sold with a bronze medallion depicting King George VI and a CD-ROM of historical archival data.
- Value Range (PR63–PR67):$25.00–$60.00+ CAD. See the Numista D-Day 5-cent catalogue page for additional documentation.
2004 D-Day Silver Proof 5-cent: the 12-sided shape, Victory "V" reverse with burning torch and dual dates "1944–2004," and Morse Code rim inscription — "WE WIN WHEN WE WORK WILLINGLY." (Illustration — not a photo of your exact coin)
Specialized Rarity: 2004 Test Token (TT-5.12)
The 2004 Test Token, cataloged as TT-5.12 by ICCS, is a production piece struck by the RCM for the vending-machine industry to calibrate equipment to the MPPS coin's electromagnetic signature. Tokens are technically Mint property and are intended to be returned, but examples have reached the secondary market. In terms of realized prices, a certified MS-67 example is available through Colonial Acres Coins, and an MS-66 example was documented in Moore's Coins' Canadian Legacy Sale II. Auction dynamics mean that registry collectors may drive prices significantly higher for top-population examples.
- Catalog Reference: TT-5.12 (ICCS)
- Value Range (MS64–MS67):$40.00–$100.00+ CAD
- Authentication note: Only purchase ICCS-, PCGS-, or NGC-certified examples. Uncertified tokens are difficult to distinguish from altered or counterfeit pieces without laboratory analysis.
2004 Canadian 5-cent Test Token (TT-5.12) in an ICCS certification holder — the most valuable non-error variant of the 2004 nickel, commanding $40–$100+ CAD depending on grade. (Illustration — not a photo of your exact coin)
The "No P" Non-Variety: A Common Misconception
ℹ️ There Is No "No P" Variety for the 2004 Nickel
A persistent question in Canadian variety collecting concerns whether a "No P" (missing composition mark) variety exists for the 2004 nickel, inspired by the genuine 2006 "No P" transitional varieties. Extensive review of Charlton catalog listings, auction records, and variety databases confirms: no cataloged "No P" variety exists for the 2004 5-cent coin. All authorized 2004 circulation, PL, and SP strikes bear the "P" mark. A 2004 nickel lacking the "P" is almost certainly a post-mint damage (PMD) coin where the mark has been removed, or a Filled Die error (grease blocking the "P" recess during striking). The Filled Die, while a legitimate striking anomaly, is not cataloged as a distinct die variety for this year. For the non-error collector, the "No P" 2004 nickel does not exist. See the Edmonton Numismatic Society's guide to "P"-era cent varieties for broader context on this category of confusion.
2004 Canadian Nickel Identification Guide
Use this 30-second checklist to confirm exactly what you have before consulting the value tables.
- Monarch Check: The obverse depicts Queen Elizabeth II facing right, bare-headed (no crown or tiara), with the inscription ELIZABETH II D•G•REGINA. This is Susanna Blunt's Fourth Portrait, used from 2003 to 2022. If the portrait shows a crowned or diademed Queen, you have a pre-2003 issue from the Dora de Pédery-Hunt Third Portrait era.
- Reverse Check (Standard): A beaver perched on a log-jam, with the inscription 5 CENTS above and CANADA 2004 below. If your coin shows a large "V" with a torch and dual dates "1944" and "2004," you have the D-Day commemorative — proceed to the D-Day rows in the value chart.
- Shape Check: Standard 2004 nickels are perfectly round. The D-Day commemorative is 12-sided (dodecagonal). If your coin has 12 sides, it is the D-Day issue — see the D-Day Silver Proof table above.
- "P" Mark Check: Look directly beneath the truncation of the Queen's bust. A small letter P should be present on all circulation, PL, and SP strikes. Its presence confirms Multi-Ply Plated Steel composition. It is a standard production feature, not a variety — every authorized 2004 plated-steel nickel carries it.
- Magnet Test (Composition Verification): Apply a magnet to the coin. A 2004 plated steel nickel — including PL and SP collector issues — will be strongly attracted. A .925 sterling silver Silver Proof or D-Day coin will show no attraction. This is the fastest way to separate the silver Proof issues from all other 2004 varieties.
- Weight Check (If Needed): A plated steel 2004 nickel weighs 3.95 g. A silver Proof weighs 5.35 g. If you have a precision scale, this confirms composition when a magnet is unavailable.
- Finish Identification (Critical for Valuation):
- Business Strike (MS): Cartwheel lustre — light rotates across the fields as you tilt the coin. Normal contact marks expected.
- Proof-Like (PL): Semi-mirror fields that appear reflective but are less perfect than a true Proof. From pliofilm sets. Check carefully for PVC damage (green residue).
- Specimen (SP): The defining identifier is the lined (satin/matte) field — fine parallel lines diffuse light, giving the background a distinctive non-reflective, silky appearance. The relief devices (Queen and Beaver) are brilliant and glossy against this matte background. This is the clearest visual distinction in the 2004 lineup.
- Silver Proof (PR): Deep black-mirror fields with stark, heavy frosting on all raised devices. Combined with non-magnetic response, this uniquely identifies the silver issues.
⚠️ Never Clean Your Coins
Cleaning strips original lustre and leaves hairlines visible under magnification. A cleaned coin is graded "Details" (damaged) by ICCS, PCGS, and NGC, permanently eliminating all numismatic premium regardless of its underlying sharpness or detail.
Close-up of the 2004 Canadian nickel obverse: the letter "P" composition mark (highlighted in red) sits directly beneath the truncation of Queen Elizabeth II's bust. Present on all authorized 2004 plated-steel strikes — it is a standard feature, not a variety. (Illustration — not a photo of your exact coin)
Three-way finish comparison for the 2004 Canadian 5-cent coin: Business Strike (left — cartwheel lustre), Proof-Like (centre — semi-mirror reflective fields), and Specimen (right — distinctive lined/satin matte fields with brilliant relief devices). (Illustration — not a photo of your exact coin)
ICCS vs. PCGS/NGC for Canadian Coins
The Integrated Coin Certification Service (ICCS) is the Canadian standard grading service and is typically the preferred choice for Canadian coins — it recognizes Canada-specific varieties, uses Canadian terminology (including Charlton Catalogue references), and is most familiar to Canadian auction houses and dealers. PCGS and NGC are US-based services with large international registries; they accept Canadian coins and have well-developed population data, which matters for registry set competition. For the 2004 Test Token specifically, ICCS certification is the most commonly referenced, though PCGS and NGC crossovers are possible. For most 2004 nickels, grading economics are unfavourable at lower grades — the cost of certification typically exceeds the coin's market value until MS65 or higher for the circulation strike.
2004 Canadian Nickel Value FAQs
What is a 2004 Canadian nickel worth?
A circulated 2004 Canadian nickel from your change jar is worth its face value of $0.05 CAD — circulation was over 123 million, so worn examples carry no premium. Value climbs rapidly with condition: MS65 (Gem Uncirculated) examples trade for $15.00–$18.00, MS66 reaches $30.00–$50.00, and an elusive MS67 is estimated at $100.00+. The D-Day Silver Proof commemorative (a separate, non-circulating issue) starts at $25.00 in lower Proof grades and reaches $60.00+ in PR67.
Is a 2004 Canadian nickel rare?
As a standard circulation coin, the 2004 nickel is not rare — mintage exceeded 123 million pieces. Its scarcity is strictly a function of condition, not absolute availability. High-grade certified examples (MS66+) are genuinely difficult to locate because bag marks, plating blisters, and milk spots prevent most coins from achieving gem status. The D-Day Silver Proof (mintage: 20,019) and the Test Token (TT-5.12) are the only variants of this year that qualify as genuinely scarce.
What is the "P" on my 2004 nickel — is it a mint mark?
The "P" is a composition mark (also written "Plaqué" in French), not a mint mark. The Royal Canadian Mint introduced it in 1999 to identify Multi-Ply Plated Steel (MPPS) coins, helping vending machine operators and the public distinguish new magnetic steel coins from the older non-magnetic cupro-nickel coins. On the 2004 issue, the "P" appears on every authorized circulation, PL, and SP strike — it is a standard production feature. Its absence on a 2004 nickel would most likely indicate post-mint damage or a filled-die anomaly, not a recognized variety.
Is my 2004 nickel silver?
Almost certainly not. Standard 2004 nickels — including Proof-Like and Specimen collector issues — are Multi-Ply Plated Steel (94.5% steel, 3.5% copper, 2% nickel plating). They are strongly magnetic. The only silver 2004 nickels are the Silver Proof (standard Beaver design, .925 sterling silver, 5.35 g) and the D-Day Silver Proof commemorative (.925 sterling silver, 5.35 g, 12-sided shape). Both are non-magnetic and noticeably heavier than plated steel examples. If your coin sticks to a magnet, it is not silver.
What makes the D-Day 2004 nickel so special?
The D-Day Silver Proof commemorates the 60th Anniversary of the Normandy landings by reviving the wartime Victory Nickel design from 1943–1945. It is struck in .925 sterling silver with a 12-sided (dodecagonal) shape — a direct echo of the wartime coins — and features a Morse Code rim inscription reading "WE WIN WHEN WE WORK WILLINGLY," a WWII rallying cry. Its separate catalogue number (KM# 506), lower mintage (20,019 vs. 57,614 for the standard Silver Proof), and historical resonance make it the most sought-after standard issue of the 2004 nickel family.
What is the difference between a Proof-Like (PL) and a Specimen (SP) finish?
Both are collector-quality finishes, but visually distinct. PL coins are struck on polished blanks with polished dies, producing semi-mirror reflective fields — they look very shiny but lack the rigorous quality control of a true Proof. SP (Specimen) coins feature lined (satin/matte) fields — fine parallel lines diffuse light across the background, giving a silky, non-reflective appearance, while the raised devices (Queen and Beaver) remain brilliant and glossy. The contrast is the SP's defining characteristic and is immediately apparent. SP sets also had a much lower mintage (46,493 vs. 96,847 PL sets), giving top-grade SP coins a modest premium.
Should I get my 2004 nickel graded by ICCS, PCGS, or NGC?
For most 2004 nickels, grading fees will exceed the coin's market value at MS64 and below — the economics simply do not work. Grading makes financial sense only if you strongly believe the coin will grade MS65 or higher, which requires flawless fields (no bag marks, no plating blisters, no milk spots) under magnification. If you possess such a coin, ICCS is the preferred Canadian service; PCGS or NGC are appropriate if you plan to compete on their international population registries. For Test Tokens, ICCS certification is essentially required to authenticate the piece and realize full market value.
What is a 2004 Test Token and how do I get one?
The 2004 Test Token (TT-5.12) is a production piece struck by the RCM to help vending machine manufacturers calibrate equipment to the MPPS coin's electromagnetic properties. These tokens are technically Mint property intended to be returned, but examples have entered the secondary market. They command $40.00–$100.00+ CAD depending on grade. Only purchase ICCS-, PCGS-, or NGC-certified examples — authentication is essential. Reputable Canadian auction houses and specialist dealers (such as Colonial Acres and Moore's Coins, which have both handled documented examples) are the appropriate acquisition channels.
Does a "No P" 2004 nickel variety exist?
No. The "No P" variety confusion arises from the genuine 2006 transitional varieties, where some steel coins were struck without the composition mark during the changeover to the RCM logo. For 2004, all authorized circulation, PL, and SP strikes bear the "P" mark — no cataloged "No P" die variety exists for this year and denomination in a non-error context. A 2004 nickel without a visible "P" almost certainly has the mark removed by post-mint damage, or the recess was filled with die grease during striking (a Filled Die anomaly, which is a production defect rather than a recognized die variety).
What are milk spots and do they affect my 2004 nickel's value?
Milk spots are white or chalky residue marks that develop on modern RCM coins, typically arising from rinsing solutions used during the plating or finishing process. They can appear immediately after striking or develop years later. On a 2004 nickel, milk spots lower eye appeal and can prevent a coin from achieving MS65 or higher at grading services — a coin that might otherwise be MS66 with clean fields may grade MS64 or lower with prominent milk spots. There is no reliable reversal method; once present, milk spots are effectively permanent and reduce the coin's numismatic value accordingly.
Methodology & Sources
Values in this guide synthesize data from multiple authoritative sources as of February 2026. Primary references include the Charlton Standard Catalogue of Canadian Coins (the definitive reference for Canadian numismatics and variety attribution); the NGC World Coin Price Guide — Canada 5 Cents KM 491; ICCS, PCGS, and NGC population reports; and auction realizations from Moore's Coins (Canadian Legacy Sale II) and The Canadian Numismatic Company (TCNC). Specialist retail and reference data were drawn from Colonial Acres Coins, Calgary Coin, Numista (KM 491), Numista (Silver KM), Numista (D-Day KM 506), and the Royal Canadian Mint official 5-cent history page. Market values represent typical realized prices for raw and certified coins and are subject to change with market conditions, silver spot prices (for silver issues), and registry set competition. This guide covers standard (non-error) issues only. Errors are outside scope.
A note on images: To help illustrate coin diagnostics and rare varieties — especially complex errors that are difficult to describe in text alone — this guide uses AI-generated images. All written values, diagnostics, and variety attributions have been manually reviewed against the cited sources above. While our editorial team works to ensure every image is accurate and helpful, AI-generated illustrations may occasionally misrepresent fine details. If you spot any discrepancy between an image and its written description, please contact us or leave a comment below — we review all feedback and correct errors promptly. Numismatic knowledge is a community effort, and your input helps us build a more accurate resource for everyone.