2007 Canadian 5-Cent (Nickel) Value Guide
Find out what your 2007 Canadian nickel is worth. Grade-by-grade prices for Business Strike, Proof-Like, Specimen, and Sterling Silver Proof finishes. Magnet test guide included. All values in CAD as of February 2026.
Most 2007 Canadian nickels are worth $0.05 (face value) in circulated grades. A certified MS65 trades for $18.00, and a rare MS68 has sold for approximately $55 CAD. A sterling silver proof variant also exists, worth approximately $14–$16 CAD in silver content alone — never spend it.
- Circulated (VF–AU):$0.05 (face value)
- Business Strike BU (MS60–63):$0.25–$0.50
- Gem Uncirculated (MS65):$18.00
- Proof-Like (PL65):$4.00–$6.00
- Specimen (SP65):$5.00–$10.00
- Silver Proof (PR65):$25.00–$35.00
All values in CAD as of February 2026. Three quick checks: (1) Found in change? Face value unless certified MS65 or better. (2) Shiny, from a set? Almost certainly a Proof-Like — do not assume it is a rare high-grade business strike without applying the magnet test. (3) Does not stick to a magnet? If it weighs 5.35 g with mirror fields and a frosted beaver, you have the sterling silver proof worth a minimum of $14–$16 CAD in silver alone. See full value chart →
The 2007 Canadian 5-cent coin belongs to the long-running Beaver series — a reverse design introduced in 1937 and still in use today — now paired with the Fourth Portrait of Queen Elizabeth II by British Columbia sculptor Susanna Blunt. In late 2006 the Royal Canadian Mint retired the "P" composition mark and introduced the RCM Logo (a stylized maple leaf within a circle) below the Queen's bust; every 2007 nickel carries this logo. With over 221 million circulation strikes produced, the 2007 issue is abundant in pocket change, yet genuine gem-quality examples are genuinely scarce due to the challenges of Multi-Ply Plated Steel (MPPS) coinage. Four distinct finishes exist — Business Strike, Proof-Like, Specimen, and Sterling Silver Proof — each commanding its own value tier. For the complete denomination history see our Canadian Nickel Value Guide.
Note: Errors including off-center strikes, wrong-planchet coins, and rotated dies exist for 2007 but are outside the scope of this standard value guide.
2007 Canadian 5-cent coin — obverse (Susanna Blunt Fourth Portrait with RCM Logo below bust) and reverse (Beaver on log in water). The plain edge and 21.2 mm diameter are standard for this year.
2007 Canadian Nickel Composition & Melt Value
The 2007 5-cent issue exists in two completely different metallurgical forms. Understanding which you have is the single most important step in determining value, and the magnet test provides an instant answer.
A) Standard Composition — Circulation, Proof-Like, and Specimen
The Royal Canadian Mint's proprietary Multi-Ply Plated Steel (MPPS) technology bonds a copper intermediate layer and a nickel outer layer onto a low-carbon steel core. The result is a coin with a silvery appearance that is strongly attracted to a magnet — the definitive authentication test for this issue. The intrinsic metal value of the 3.95 g plated-steel coin is negligible and far below the 5-cent face value; there is no hoarding premium on standard 2007 nickels.
B) Proof Composition — Sterling Silver (Proof Sets Only)
Silver Proof coins found in the 2007 Silver Proof Set and the Thayendanegea Double Dollar Set were struck on solid sterling silver planchets — fundamentally different objects from their steel counterparts. Silver is diamagnetic and will not respond to a magnet. The melt value calculation is straightforward:
- Actual Silver Weight (ASW): 5.35 g × 0.925 = 4.94875 g pure silver = approximately 0.1591 troy oz
- Conservative melt (at $90.00 CAD/oz): approximately $14.32 CAD
- High-end melt (at $101.00 CAD/oz): approximately $16.07 CAD
Silver spot prices cited are based on market data as of February 2026 per Canada Gold's silver price tracker. Do not perform your own currency conversion; melt values above are already expressed in CAD. The silver proof's numismatic value in certified grades significantly exceeds its melt floor.
⚠️ Never Spend a Non-Magnetic 2007 Nickel
A 2007 nickel that does not stick to a magnet and weighs 5.35 g is a sterling silver proof worth a minimum of approximately $14–$16 CAD in bullion. Its face value is $0.05. Always apply the magnet test before spending or discarding any 2007 nickel from a box, set, or collection.
Side-by-side comparison of the two 2007 Canadian 5-cent compositions: the standard nickel-plated steel coin (left, 3.95 g, magnetic) and the sterling silver proof coin (right, 5.35 g, non-magnetic). The difference in weight is detectable by hand. (Illustration — not a photo of your exact coin)
2007 Canadian Nickel Value Chart by Grade & Finish
The 2007 5-cent coin operates on a tiered value system driven entirely by finish and grade. Business strike examples from pocket change are worth face value in all circulated grades. Collector-issue finishes (PL, SP, Silver Proof) carry meaningful premiums even in lower grades. All values in CAD as of February 2026.
2007 Canadian 5¢ — Business Strike (Circulation)
With a mintage of 221,472,000, the business strike is ubiquitous. Value below MS60 is strictly face value. The real premium begins at MS65, where spot-free surfaces and strong cartwheel luster become genuinely scarce on MPPS planchets.
| Type | VF–AU (Circulated) | MS60–63 (BU) | MS65 (Gem) | Notes |
|---|---|---|---|---|
| 2007 Beaver — Business Strike | $0.05 (face) | $0.25–$0.50 | $18.00 | MS66/MS67: value cliff — prices jump significantly; no specific price documented. MS68 auction record: approximately $55 CAD (see Variants). Source: NGC Price Guide. |
⚠️ Carbon Spots & Milk Spots — The MS65 Barrier
The RCM's plating process during this era left microscopic residue on planchets that reacts over time into black carbon spots or cloudy white milk spots. An MS65 business strike must be completely spot-free. A single black dot on the Queen's cheek will typically cause a coin to fail the grade regardless of luster quality. Do not attempt to remove spots — cleaning plated steel creates instant micro-scratches visible under magnification, reducing the coin to face value regardless of original quality.
Grade comparison for the 2007 Canadian nickel business strike: a circulated example with worn high points on the beaver's fur (left) versus a gem-quality MS65 with full cartwheel luster, sharp detail, and no carbon or milk spots (right). The difference in surface quality that separates face value from $18.00 is visible to the naked eye. (Illustration — not a photo of your exact coin)
2007 Canadian 5¢ — Collector Finishes (Proof-Like & Specimen)
Both the Proof-Like and Specimen coins were struck at the Ottawa facility and distributed exclusively through collector sets — never through bank rolls. Their value reflects set provenance and surface quality. A shiny 2007 nickel found loose outside a set is almost certainly a PL coin broken from its original packaging; it should be valued accordingly, not as a rare high-grade business strike.
| Finish | Set / Source | Mintage | Typical (BU Equiv.) | Grade 65 | Notes |
|---|---|---|---|---|---|
| Proof-Like (PL) | Annual Uncirculated Set | ~50,000–80,000 sets | $1.00–$2.00 | $4.00–$6.00 | Mirror fields, frosted devices. PVC risk in original pliofilm — see callout below. |
| PL — Olympic Edition | Vancouver 2010 Red Card Set | 28,852 sets | $1.00–$2.00 | $5.00–$8.00 | Same Beaver design; lower mintage may support modest premium. Source: Numista. |
| Specimen (SP) | Trumpeter Swan Specimen Set | 40,000 sets | $2.00–$4.00 | $5.00–$10.00 | Distinctive lined/striated matte fields with brilliant frosted relief. Source: RCM Trumpeter Swan Set archive. |
⚠️ PVC Damage Risk — Pliofilm PL Sets
Proof-Like coins stored in original soft pliofilm packaging may develop green PVC residue over time. If you see green slime or haze, the coin requires professional conservation using pure acetone — not nail polish remover. A PVC-damaged coin reverts to face value regardless of its original grade. Specimen sets in hard plastic folios are generally safer from this risk.
Three-way finish comparison for the 2007 Canadian nickel: Business Strike (left, cartwheel luster with slightly uneven fields), Proof-Like (centre, mirror fields with frosted beaver and Queen), Specimen (right, fine parallel striations in the background giving a matte appearance with brilliant relief). Identifying the correct finish is essential before assigning any value. (Illustration — not a photo of your exact coin)
2007 Canadian 5¢ — Sterling Silver Proof
The Silver Proof 5-cent was included in the 2007 Silver Proof Set and the Thayendanegea Double Dollar Set (combined approximately 60,000 sets). A small additional quantity appeared in the Wedding Gift Set (~849 reported). All silver proofs are non-magnetic, weigh 5.35 g, and carry deep cameo contrast. Their value is anchored by a silver melt floor of approximately $14–$16 CAD at February 2026 spot prices.
| Variant | Mintage | Silver Melt (Feb 2026) | PR65 | Notes |
|---|---|---|---|---|
| Silver Proof (Standard & Double Dollar Sets) | ~60,000 sets | ~$14.32–$16.07 CAD | $25.00–$35.00 | Deep cameo finish (.925 Ag, 5.35 g, 0.1591 troy oz ASW). PR70 DCAM documented at approximately $240 CAD asking (not a verified auction sale). |
| Silver Proof (Wedding Gift Set) | ~849 sets | ~$14.32–$16.07 CAD | $30.00–$50.00+ | Same coin, extremely low-mintage packaging. Source: Geoffrey Bell Auctions, Paris in August Sale 2021. |
Values in CAD represent typical market prices as of February 2026. For the complete denomination price history, see our Canadian Nickel Value Guide.
Most Valuable 2007 Canadian Nickel Varieties
The 2007 5-cent coin has no documented die varieties in the Charlton Standard Catalogue — no Large Beads/Small Beads split, and no Straight 7/Curved 7 distinction (that variety applies to the 2007 10-cent, not the 5-cent). Value is instead driven by condition rarity, finish scarcity, and set provenance. The note below confirms: errors (including rotated dies) are outside the scope of this guide.
Note: Errors such as off-center strikes, wrong-planchet coins, and rotated dies exist for 2007 but are outside the scope of this standard value guide.
Trophy-Level Examples (Not Typical)
| What | Why It Commands a Premium | Grade Required | Documented Result |
|---|---|---|---|
| 2007 Business Strike MS68 | Condition rarity: plated steel is extremely prone to microscopic plating blisters, bag marks, and spotting. An MS68 is statistically near-impossible from rolls. | MS68 (PCGS/NGC) | Approximately $55 CAD ($41.00 USD) — PCGS Auction Record |
| 2007 Silver Proof PR70 DCAM | Perfection: deep mirror fields with maximum frosted contrast (black-and-white relief). Essentially flawless at the highest possible grade. | PR70 DCAM (PCGS/NGC) | Approximately $240 CAD ($179.99 USD) — documented asking price, not a verified auction sale |
| 2007 Specimen SP70 | The lined matte Specimen surface marks instantly from the slightest contact; a perfect SP70 represents the very top of the registry. | SP70 (PCGS/NGC) | $100+ CAD — estimated from comparable SP70 sales, not a directly documented record |
| 2007 Wedding Gift Set Silver Proof | Extremely low mintage (~849 sets reported). Same silver proof coin as the standard issue but housed in a rare, purpose-made set. | Any PR grade | $30.00–$50.00+ — Source: Geoffrey Bell Auctions 2021 |
Findable Variants Worth Checking
| Variant | How to Identify | Why It Matters | Typical Premium |
|---|---|---|---|
| Silver Proof (Broken from Set) | Non-magnetic + weighs 5.35 g + mirror fields + frosted beaver | Contains approximately 0.1591 troy oz silver; easily mistaken for a circulation coin | ~$16–$25 over face |
| Olympic Edition PL | Standard Beaver reverse and Queen obverse; from a red card set labelled Vancouver 2010 Olympic Edition; mintage 28,852 | Lower mintage than the standard annual PL set (~50,000–80,000) | $5.00–$8.00 |
ℹ️ Registry Set Competition & the MS67/MS68 Value Cliff
PCGS and NGC Registry Set collectors compete to hold the highest-graded examples of each modern Canadian issue. For the 2007 nickel, the population of PCGS/NGC MS68 examples is reported as extremely low — often single digits. This scarcity drives auction premiums that appear disproportionate to the coin's face value but are entirely real within the registry market. An MS67 may represent a significant jump over MS66; MS68 represents another dramatic leap.
2007 Canadian Nickel Identification Guide
Use this checklist to determine exactly what you have before consulting any value table. The magnet test is the single most important step for the 2007 issue.
30-Second Checklist
- Year Check: Confirm the date reads 2007.
- Obverse Check: Confirm the portrait shows Queen Elizabeth II without a crown, wearing a necklace and earrings. This is Susanna Blunt's Fourth Portrait, used from 2003 to 2022. Directly below the bust you should see the RCM Logo — a small stylized maple leaf inside a circle. This logo replaced the "P" composition mark in late 2006; all genuine 2007 nickels carry it.
- Reverse Check: Confirm the standard Beaver reverse — a beaver resting on a log in water, surrounded by the words CANADA and the denomination 5 CENTS.
- Edge Check: The edge is plain and smooth (not reeded). Reeding indicates a different denomination.
- Magnet Test — Critical: Touch a magnet to the coin.
- Sticks firmly: Nickel-plated steel composition (3.95 g). Proceed to the Finish Test below.
- Does not stick: Sterling silver composition (5.35 g). Confirm with a postal scale — if it weighs approximately 5.35 g and has deep mirror fields with a frosted beaver, you have the Silver Proof worth approximately $14–$16 CAD in silver alone. Do not spend.
- Marks Check: The only documented mark for 2007 is the RCM Logo below the bust, standard on all finishes. There is no "W" (Winnipeg) mint mark on 2007 5-cent coins, and the earlier "P" composition mark does not appear on genuine 2007 issues. A 2007 coin missing the RCM Logo is likely a struck-through-grease error (out of scope for this guide).
- Finish Identification:
- Business Strike: Standard cartwheel luster — the coin's surface rotates a bright arc of light as you tilt it. Fields may have minor bag marks or an "orange peel" texture. Source: pocket change or bank rolls.
- Proof-Like (PL): Mirror-flat fields that reflect like a mirror. Both the Queen's portrait and the beaver are frosted (frosty white), while the background mirrors sharply. Found in soft, flexible pliofilm packaging with red or blue plastic edges.
- Specimen (SP): Look at the background — it has fine, parallel vertical striations (lines) creating a matte appearance rather than a mirror. The beaver and Queen are brilliant. Found in hard plastic cases with a Trumpeter Swan folio cover.
- Silver Proof (PR): Non-magnetic. Deep mirror fields (glass-like reflection), heavily frosted devices (bright white). Found in a hard-case silver proof set box.
The magnet test for the 2007 Canadian nickel: a standard nickel-plated steel coin (left) pulled strongly toward a neodymium magnet, versus a sterling silver proof coin (right) showing no magnetic attraction. This single test instantly separates a $0.05 face-value coin from a $14+ silver coin.
Close-up of the RCM Logo (stylized maple leaf within a circle) located directly below Queen Elizabeth II's bust truncation on all 2007 Canadian 5-cent coins. This mark replaced the "P" composition mark in late 2006. Its presence confirms a genuine 2007 issue; its absence may indicate a struck-through-grease error.
⚠️ Never Clean Your Coins
Cleaning strips original luster and leaves hairlines visible under magnification. A cleaned coin is graded "Details" (damaged) and loses all numismatic premium regardless of its underlying quality. This is especially damaging on nickel-plated steel: even mild wiping creates instant micro-scratches. Do not clean, rub, or polish any coin you suspect may have numismatic value.
⚠️ Carbon Spots & Milk Spots — Know Before You Grade
Check the entire coin surface under a strong light before submitting for grading. Black carbon spots and white or grey milk spots are common on MPPS planchets from this era. A single visible spot will typically prevent an MS65 grade regardless of luster. Grading fees for modern nickels can easily exceed the coin's market value at MS64 or below — review current ICCS, PCGS, and NGC fee schedules and compare them against the documented value at the target grade before submitting.
Diagnostic illustration of carbon spots (dark round dots) and milk spots (pale cloudy patches) on a 2007 Canadian nickel-plated steel coin. Either type of spot prevents an MS65 grade. Inspect both sides under a raking light source before deciding whether to submit for professional grading. (Illustration — not a photo of your exact coin)
2007 Canadian Nickel Value FAQs
What is a 2007 Canadian nickel worth?
It depends entirely on the finish and grade. A circulated 2007 nickel from pocket change is worth its face value of $0.05. An uncertified BU example trades for $0.25–$0.50. A certified MS65 is worth approximately $18.00. The sterling silver proof variant — non-magnetic and weighing 5.35 g — is worth at minimum approximately $14–$16 CAD in silver melt, with a certified PR65 trading for $25.00–$35.00. All values in CAD as of February 2026.
Is a 2007 Canadian nickel rare?
The circulation business strike is not rare — over 221 million were produced, making it one of the most common Canadian coins by volume. However, condition rarity is real: a spot-free, mark-free MS65 or better is genuinely difficult to find because the nickel-plated steel planchet used in this era is prone to carbon spots, milk spots, and surface blemishes during minting and storage. The Silver Proof variant is comparatively scarce with approximately 60,000 sets produced, and the Wedding Gift Set silver proof had a reported mintage of only about 849.
What makes a 2007 Canadian nickel valuable?
Three factors drive value above face: (1) Grade — the condition rarity cliff on plated steel means a coin that grades MS65 or higher with no spots commands meaningful premiums; (2) Finish — PL, SP, and Silver Proof coins are collector-only issues never released to general commerce; and (3) Set provenance — the Wedding Gift Set silver proof (~849 sets) and the Olympic Edition PL (~28,852 sets) command premiums over standard-issue equivalents because of their lower mintage context. Registry Set competition at MS67/MS68 adds further premium for the very finest business strikes.
Is my 2007 Canadian nickel silver?
Only if it is non-magnetic. The vast majority of 2007 nickels are nickel-plated steel (strongly magnetic, 3.95 g) and contain no precious metal. The Sterling Silver Proof (92.5% Ag, 5.35 g) was produced exclusively for collector sets and is non-magnetic. Apply a magnet immediately: if the coin sticks, it is base metal; if it does not stick, confirm the weight (approximately 5.35 g) and look for deep mirror fields and frosted devices — characteristics of the proof finish.
Should I get my 2007 Canadian nickel graded?
Only if the coin appears to be at least MS65 — completely spot-free with strong full luster — or if it is the Silver Proof and you are targeting premium grades. Grading fees from ICCS, PCGS, or NGC will typically range from roughly $20 to $40+ CAD per coin depending on tier and service level. At MS64 or lower the coin's market value does not justify the cost. For Canadian circulation coins, ICCS (International Coin Certification Service) is the domestic standard and produces highly liquid slabs in the Canadian market; PCGS and NGC are preferred for Registry Set competition at MS67/MS68 due to broader international registry participation.
What is the difference between Proof-Like (PL) and Specimen (SP)?
Both are collector-only finishes struck with more care than business strikes, but they look and feel different. Proof-Like coins have mirror-flat fields (the background) and frosted devices (the beaver and Queen), creating a flashy reflective appearance. They were distributed in soft pliofilm packaging as part of annual Uncirculated Sets. Specimen coins have a distinctly different background: instead of a mirror, the fields carry fine parallel striations (lines) creating a matte or satin texture, while the devices remain brilliant. Specimens were distributed in hard case Trumpeter Swan sets. The Specimen finish is considered more technically demanding to produce and generally commands a higher per-coin price than PL at equivalent grades.
What are carbon spots and milk spots, and why do they matter?
Carbon spots are small black or dark dots caused by microscopic organic residue reacting with the environment over time on plated steel planchets. Milk spots are pale, cloudy white or grey patches caused by residual planchet-cleaning solution trapped under the plating. Both are endemic to MPPS coinage from this era and are the primary reason so few 2007 nickels achieve MS65 in professional grading. Even one small spot on the Queen's portrait or the beaver's body typically prevents the grade. There is no safe way to remove these spots without destroying the coin's numismatic value.
How do I tell the Olympic Edition PL apart from the standard PL?
The coin itself is identical — same Beaver reverse, same Susanna Blunt obverse, same RCM Logo. The distinction is entirely in the packaging. The Olympic Edition was housed in a distinctive red card set marketed in connection with the Vancouver 2010 Winter Olympics, with a reported mintage of 28,852 sets. The standard annual Uncirculated Set had a larger mintage (~50,000–80,000). Once a coin is broken out of its original packaging, the two are visually indistinguishable. Provenance (original packaging) is required to claim the Olympic Edition premium of $5–$8 versus the standard PL.
Can I melt my 2007 Canadian nickel?
Melting coins of the realm for profit is prohibited under the Currency Act of Canada. The standard 2007 nickel has no meaningful melt value above face anyway. For the Silver Proof variant, the legal restriction applies equally — despite its silver content, it remains legal tender and melting it is prohibited. The silver content gives it a market value well above face value, but that value is best realized by selling to a coin dealer or bullion buyer, not by melting.
Methodology & Sources
Values in this guide reflect typical retail market prices as of February 2026 and are expressed in Canadian Dollars (CAD). They represent what a collector might expect to pay at a reputable dealer — not the dealer's buy price, which would be lower. Market prices for silver-content coins will shift with spot price movements.
Primary sources consulted:
- Charlton Standard Catalogue of Canadian Coins — variety verification and historical context (via Calgary Coin modern 5-cent reference)
- Royal Canadian Mint (mint.ca) — official specifications and mintage data (RCM 5-Cents page)
- NGC Price Guide — market valuations (NGC Canada 5 Cents KM 491)
- PCGS Auction Archives — MS68 auction record (PCGS 2007 MS68 auction record)
- Numista — mintage, set provenance, and variety data (Numista 2007 5-cent steel; Numista 2007 5-cent silver)
- RCM Specimen Set Archive — Specimen mintage (Trumpeter Swan Set 2007)
- Geoffrey Bell Auctions — Wedding Gift Set reference (Paris in August Sale 2021)
- Canada Gold / AU Bullion Canada — silver spot pricing in CAD (Canada Gold silver prices)
This guide covers standard (non-error) values only. Prices are not financial advice. Always verify current market conditions before buying or selling.
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.