2022 Canadian 10-Cent (Dime) Value Guide
Find out what your 2022 Canadian dime is worth in CAD. Complete price guide covering Business Strike, First Strikes rolls, Specimen, and Silver Proof finishes — plus trophy-level MS68 and PF70 values as of February 2026.
Most 2022 Canadian dimes found in pocket change are worth $0.10 (face value). Certified Superb Gem examples reach $10–$25, while the Silver Proof version trades for $10–$35 depending on grade.
- Circulated (pocket change):$0.10 — face value only
- Business Strike BU (MS60–63):$0.25–$0.50
- Business Strike Gem (MS64–65):$1.00–$3.00
- Business Strike Superb Gem (MS66+):$10.00–$25.00
- First Strikes Roll (sealed, 5,000 rolls):$20–$30 per sealed roll
- Specimen SP66+:$15–$25
- Silver Proof PF66+:$20–$35
Is it silver? Test with a magnet — steel coins (Business Strike and Specimen) snap strongly to a magnet; the 99.99% Silver Proof does not. Confirm silver by weighing: 2.45 g means silver proof; 1.75 g means steel. Shiny or from a set? Matte, lined ("corduroy") background fields indicate a Specimen; a deep black-mirror finish with a heavily frosted Queen indicates Silver Proof. Common steel coins have negligible metal value — numismatic value only materialises at MS65 and above. All values in CAD as of February 2026. See full value chart →
The 2022 Canadian 10-cent coin occupies a quietly historic place in Canadian numismatics: it is the final standard-production dime bearing the uncrowned fourth portrait of Queen Elizabeth II, designed by Canadian artist Susanna Blunt, without a commemorative date overlay. Collectors building Elizabethan type sets should note that 2023-dated dimes carry the memorial "1952–2022" double date and represent an entirely separate issue. The 2022 coin is the closing chapter of the standard Elizabethan run, paired with Emanuel Hahn's iconic Bluenose schooner reverse, a design first introduced in 1937. For broader denomination context, see our Canadian Dime Value Guide.
Note: Minor production anomalies such as die chips and plating blisters exist for the 2022 10-cent denomination but are outside the scope of this standard value guide.
2022 Canadian Dime Composition & Melt Value
Circulation Composition: Multi-Ply Plated Steel (MPPS)
The vast majority of 2022 dimes — found in pockets, cash registers, and bank rolls — are produced using the Royal Canadian Mint's proprietary Multi-Ply Plated Steel (MPPS) technology. A low-carbon steel core (~92%) provides the magnetic signature and bulk weight; a bonding copper sub-layer (~5.5%) facilitates adhesion; and a nickel surface layer (~2.5%) delivers the coin's silver appearance, luster, and corrosion resistance. The MPPS structure also creates a specific electromagnetic signature (EMS) that vending machines and automated coin counters use to authenticate the denomination.
- Weight: 1.75 grams
- Magnetic: Strongly ferromagnetic — will snap to a magnet
- Melt value: Negligible. The intrinsic metal value of a single 1.75 g MPPS coin is a fraction of a cent; no metal-arbitrage opportunity exists for these coins.
Note: Canadian law prohibits melting Canadian coins; this discussion is for educational authentication purposes only.
Collector Exception: 99.99% Pure Silver (Silver Proof Only)
The 2022 Silver Proof 10-cent coin, found exclusively in the annual Fine Silver Proof Set, is a non-circulating legal tender (NCLT) piece struck in an entirely different metal. Recognising its composition is the key diagnostic for identifying it in junk boxes or unverified sets.
- Weight: 2.45 grams — 0.70 g heavier than the steel coin, a ~40% difference that is perceptible by feel
- Magnetic: Non-magnetic — will not attract to a magnet
- Melt value: Approximately $3.15 CAD at an indicative spot price of ~$40.00 CAD per troy oz. Formula: (2.45 g ÷ 31.1035 g/oz) × spot price CAD. Silver spot prices fluctuate; verify current rates before any melt-value decisions.
- Numismatic premium: Despite its silver melt value, this coin typically trades at $15–$30 CAD due to its scarcity and cameo proof finish — well above intrinsic metal value.
💡 No Scale? Use the Ring Test
Gently tap the coin on a hard surface. A silver proof emits a high-pitched, long-sustaining ring. The MPPS steel coin produces a dull, flat clack — the layered metal construction dampens vibration. Do not drop high-grade coins to perform this test.
2022 Canadian Dime Value Chart by Grade & Finish
Value for the 2022 dime is almost entirely determined by finish type and certified grade. With over 103 million circulation strikes produced, examples below MS65 carry no meaningful premium. The collector market activates at MS65 for Business Strikes and at SP65 and PF65 for collector issues. All values in CAD as of February 2026.
2022 Canadian Dime — Business Strike (Circulation)
| Type | Circulated | BU Typical (MS60–63) | Choice/Gem (MS64–65) | Superb Gem (MS66+) | Mintage |
|---|---|---|---|---|---|
| Bluenose / QEII — Business Strike | $0.10 (face) | $0.25–$0.50 | $1.00–$3.00 | $10.00–$25.00 | 103,400,000 |
Dealers generally do not pay above face value for circulated or typical BU 2022 dimes. The MPPS plating process frequently leaves microscopic rinsing spots or plating blisters that cap most coins at MS64. Value materialises reliably at MS65 and becomes significant at MS66. Original bank rolls of 50 coins in paper wrapping from a financial institution trade for approximately $6–$8 CAD per roll among roll-hunters seeking high-grade anomalies.
⚠️ The MS65 Value Cliff
For modern plated-steel coins there is effectively no resale market below MS65. Do not pay for third-party grading — which costs $30–$50+ per coin — unless you have pre-screened the piece under a 10× loupe and are confident it reaches MS67 or higher. Submitting a standard roll-quality 2022 dime for grading is a near-certain financial loss.
2022 Canadian Dime — First Strikes Special Wrap Roll
The RCM offered a limited-edition 2022 First Strikes Special Wrap Roll of 50 coins, packaged in a colorful branded paper wrap with a holographic end label. These rolls contain coins struck from fresh dies at the very start of the production run, improving the probability of finding high-grade examples. Only 5,000 rolls were produced globally.
| Type | BU Typical (MS60–63) | Choice/Gem (MS64–65) | Superb Gem (MS66+) | Sealed Roll | Mintage |
|---|---|---|---|---|---|
| First Strikes — Special Wrap Roll | $1.00–$2.00 | $3.00–$5.00 | $15.00–$30.00 | $20–$30 per sealed roll | 5,000 rolls |
⚠️ Do Not Break a Sealed Roll
A sealed First Strikes roll carries a premium as a provenance collectible. Once opened, the coins become 50 individual loose dimes and lose their packaging premium immediately. Only break the roll if you are an expert grader planning to submit specific coins to ICCS, PCGS, or NGC for certification.
2022 Canadian Dime — Specimen (SP)
Specimen coins are struck at the Ottawa facility on specially prepared planchets at higher die pressure than circulation coins. They appear in the annual Specimen Set and themed gift sets (Baby, Birthday, Wedding). The defining visual is a matte/lined ("corduroy") background paired with a frosted relief. Approximately 30,000 sets were produced. The delicate matte surface is especially susceptible to fingerprints and handling marks, making high certified grades genuinely scarce.
| Finish | SP Typical (SP60–63) | SP Choice/Gem (SP64–65) | SP Superb Gem (SP66+) | Mintage |
|---|---|---|---|---|
| Specimen (SP) | $2.00–$4.00 | $5.00–$8.00 | $15.00–$25.00 | ~30,000 |
A raw Specimen dime trades for approximately $2–$5 as a type-set filler. Note that both the Business Strike and the Specimen are steel and therefore magnetic — visual finish inspection is required to distinguish them (see Identification Guide below).
2022 Canadian Dime — Silver Proof (PF)
Struck in 99.99% pure silver at the Ottawa facility, the Silver Proof appears exclusively in the Fine Silver Proof Set (approximately 20,000 produced). Deeply mirrored, polished fields contrast with heavily frosted (cameo) devices. Individual "orphan" coins removed from broken sets trade primarily on silver content and aesthetic appeal of the cameo finish.
| Finish | PF Choice/Gem (PF64–65) | PF Superb Gem (PF66+) | Mintage | Notes |
|---|---|---|---|---|
| Silver Proof (PF) — 99.99% Ag | $10.00–$15.00 | $20.00–$35.00 | ~20,000 | Non-magnetic; 2.45 g. Single orphan coin: ~$10–$15 raw. |
⚠️ Never Clean Your Coins
Cleaning strips original luster and leaves hairlines visible under magnification. A cleaned coin — including a Silver Proof — is graded "Details" (damaged) by all major grading services and loses all numismatic premium regardless of the quality of the underlying detail.
Values in CAD represent typical market prices as of February 2026. For the complete denomination price guide, see our Canadian Dime Value Guide.
Most Valuable 2022 Canadian Dime Varieties
The 2022 dime has no documented die varieties — no bead varieties, date-punching variants, or significant hub changes are known. Value is driven entirely by condition rarity (certified high grade), finish type, and special packaging provenance. The following represent the most valuable documented examples for this year.
Trophy-Level: Highest-Value 2022 Dimes
| What | Why It Commands a Premium | Typical Value (CAD) | Notes |
|---|---|---|---|
| Business Strike MS68 | Condition rarity — virtually non-existent for MPPS circulation coins due to bag marks, rinsing spots, and plating imperfections. Most certified examples top out at MS66/MS67. | $100+ CAD (hypothetical valuation per source data) | No confirmed population or auction record at time of publication. A verified top-pop MS68 would command significantly higher. |
| Silver Proof PF70 UCAM/DCAM | Perfection grade with Ultra Cameo (UCAM) or Deep Cameo (DCAM) contrast — frosted Bluenose and Queen against black-mirror fields. | $60–$90 CAD (graded) | NGC or PCGS encapsulated PF70 DCAM/UCAM. |
| Specimen SP70 | Flawless matte/lined finish. Often harder to achieve in 70 than Proof grades due to the delicate matte surface being sensitive to the slightest handling. | $45–$75 CAD (graded) | NGC or PCGS encapsulated SP70. |
| "The Bigger Picture" 5 oz Silver | Carries a face value of 10¢ but is struck in 5 troy oz of 99.99% pure silver with a 65 mm diameter and gold plating on the reverse. Only 1,300 produced. | $600–$800 CAD | Originally issued at ~$500+ CAD by the RCM. Not a pocket-change find — a dedicated NCLT collector piece. |
ℹ️ Why Is a 2022 Dime Listed for $600?
If you see a 2022 10-cent coin listed for hundreds of dollars, it is almost certainly the "The Bigger Picture" 5 oz silver coin above — a legally denominated 10¢ piece, but a massive NCLT collector item. It is emphatically not a circulation coin. Do not expect to find one in your pocket change.
Findable Variants Worth Checking
| Variant | Source Product | How to Identify | Typical Premium |
|---|---|---|---|
| First Strikes Roll | Special Wrap Roll (5,000 rolls) | Sealed roll with holographic end label and colorful branded wrapper. Original issue ~$10–$15 CAD. | $20–$30 per sealed roll |
| Silver Proof (99.99% Ag) | Fine Silver Proof Set (~20,000) | Non-magnetic; weighs 2.45 g; deep mirror fields; heavily frosted devices. | $10–$15 raw orphan coin |
| Specimen (SP) | Annual / Gift Sets (~30,000) | Magnetic (steel); matte/lined background; frosted QEII portrait and Bluenose. | $2–$5 raw |
ℹ️ The "W" Mint Mark Myth — Cleared Up
There is no confirmed 2022 10-cent coin with a "W" mint mark. The "W" that surfaces in 2022 Canadian coin searches belongs to a completely different product: the 2022 Farewell to the Penny 1 oz Silver "W" Mint Mark coin — a one-cent design, not a dime. Standard 2022 Canadian dimes carry no mint mark, which is entirely normal for Canadian circulation coinage.
2022 Canadian Dime Identification Guide
Use this 30-second checklist to confirm exactly which version of the 2022 dime you hold — and what it is likely worth.
30-Second Identification Checklist
- Date Check: Does the obverse read 2022 only, with no second date? If you see "1952–2022" beneath the portrait, you have a 2023 Transition commemorative — a distinct coin in a separate collector category. Set it aside.
- Obverse Check: The portrait shows Queen Elizabeth II facing right, bareheaded, wearing a pearl necklace and pearl earrings, with the inscription ELIZABETH II D.G. REGINA around the rim. This is the fourth portrait, designed by Susanna Blunt, used on Canadian coins from 2003 through 2022.
- Reverse Check: The Bluenose schooner appears under full sail, heeling to port, with CANADA and 10 CENTS on the reverse. Design by Emanuel Hahn, first introduced in 1937.
- Edge Check: The edge is reeded (serrated) on both steel and silver versions. The Silver Proof typically shows sharper, more squared-off reeds from the slower double-struck Ottawa pressing; steel coins may have slightly softer reeds from high-speed striking.
- Magnet Test — Composition Verification (Critical Step):
- Sticks to magnet → The coin is steel MPPS: either a Business Strike or a Specimen. Proceed to Step 7 to distinguish them visually.
- Does NOT stick → The coin is the 99.99% Silver Proof. Confirm by weighing: it should read 2.45 g on a precision scale.
- Mint Mark Check: No mint marks appear on 2022 Canadian dimes — this is standard for all Canadian circulation coinage. The "W" mint mark does not exist on this denomination for this year (see Variants section for full clarification).
- Finish Identification:
| What You See in the Background Fields | Finish | Composition | Value Range |
|---|---|---|---|
| Shiny, brilliant cartwheel luster — may show bag marks or flow lines | Business Strike (Circulation) | Steel (magnetic) | Face value to $25 (MS66+) |
| Matte / lined / "corduroy" texture — frosted QEII and Bluenose | Specimen (SP) | Steel (magnetic) | $2–$25 (raw to SP66+) |
| Deep black-mirror fields — heavily frosted white Queen and Bluenose (cameo contrast) | Silver Proof (PF) | Silver (non-magnetic) | $10–$35 (raw to PF66+) |
ℹ️ ICCS vs PCGS vs NGC — Which Grading Service Should You Use?
ICCS (International Coin Certification Service) is the domestic Canadian grading standard, recognised by Canadian dealers and auction houses, and is notoriously strict on eye appeal and surface quality. PCGS and NGC are US-based services preferred for competitive Registry Set collecting, where high-grade PCGS holders often command the highest realized prices at auction due to competitive demand. For a 2022 dime to justify $30–$50+ in grading fees, it must pre-screen at MS67 or better under 10× magnification.
2022 Canadian Dime Value FAQs
What is a 2022 Canadian dime worth?
Most 2022 Canadian dimes found in change are worth $0.10 — face value. Typical uncirculated examples from bank rolls trade for $0.25–$0.50. Gem grades (MS64–65) reach $1–$3, and Superb Gem (MS66+) examples reach $10–$25 when certified. Collector-finish coins — Specimen and Silver Proof — trade higher, independent of the face-value baseline, from $2 for a raw Specimen up to $35 for a certified Silver Proof in high grade.
Is a 2022 Canadian dime rare?
In circulated or typical uncirculated grades: no. With a mintage of 103,400,000, the 2022 dime is extremely abundant. Rarity exists only at the top of the grading scale — a certified MS67 or MS68 Business Strike is genuinely scarce because the MPPS technology rarely produces surfaces free of rinsing spots and plating blisters. The Silver Proof (~20,000 produced) and Specimen (~30,000) are relatively limited, but their collector markets remain modest at most grades.
How do I know if my 2022 dime is silver?
Apply a magnet. Steel Business Strike and Specimen coins are strongly magnetic and will snap to it. The 99.99% Silver Proof is non-magnetic. Confirm by weighing: the silver coin is 2.45 g versus 1.75 g for the steel coin — a 40% difference that is perceptible by feel. You can also gently tap the coin: silver produces a clear, high-pitched ring; steel produces a dull clack.
What makes a 2022 Canadian dime valuable?
Three factors drive value for the 2022 dime: (1) Certified grade — the higher the ICCS, PCGS, or NGC grade, the more valuable the coin, with a sharp cliff at MS65; (2) Finish type — Silver Proof and Specimen coins trade above equivalent Business Strike grades; (3) Packaging provenance — a sealed First Strikes roll (only 5,000 produced) commands a clear premium over loose bank-roll coins. No die varieties are documented for this year, so variety hunting is not a factor.
What is the difference between a Business Strike and a Specimen dime?
A Business Strike is produced at high speed in Winnipeg for general commerce. Fields display a brilliant, slightly radial cartwheel luster typical of machine-struck coins and may show contact marks. A Specimen is struck at the Ottawa facility with higher die pressure on specially prepared planchets, resulting in matte/lined ("corduroy") background fields and a frosted relief. Critically, both are multi-ply plated steel and therefore magnetic — the magnet test alone cannot distinguish them. You must examine the surface finish visually under good lighting.
Should I get my 2022 Canadian dime graded?
Only if you have pre-screened it under a 10× loupe and are confident it grades MS67 or higher for a Business Strike, or SP68+ / PF69+ for collector issues. Grading fees of $30–$50+ per coin make submission uneconomical for coins worth $10–$25. Use ICCS for the domestic Canadian dealer and auction market, or PCGS if targeting Registry Set collectors who pay the highest premiums for top-pop holders. Submitting a standard bank-roll 2022 dime is a near-certain financial loss.
Does the 2022 dime have a "W" mint mark?
No. There is no confirmed 2022 Canadian 10-cent coin bearing a "W" mint mark. The "W" appearing in searches belongs to a completely different product: the 2022 Farewell to the Penny 1 oz Silver specimen coin — a one-cent design — not the dime. Standard Canadian circulation coins carry no mint mark regardless of facility. If someone is asking a premium for a "W" 2022 dime, be cautious.
Why did 2022 dimes spike in value immediately after Queen Elizabeth II passed away?
Following the Queen's passing on September 8, 2022, the public perceived all 2022-dated coins as the definitive "last coins" of the Elizabethan era, causing a speculative surge on secondary markets. However, the RCM subsequently announced the 2023 Transition series bearing explicit memorial double dates (1952–2022), which became the recognised commemorative issues. Once collectors understood this distinction, speculative pressure on standard 2022 coins cooled significantly. The 2022 dime remains the "Final Standard Year" for Elizabethan type collectors, but it no longer commands the speculative premiums seen in late 2022.
What is the First Strikes roll, and is it worth buying?
The RCM's First Strikes program packages coins struck from the very first production-run dies of the year into special holographic-labelled rolls (5,000 rolls produced for 2022). Coins from fresh dies have a higher probability of grading MS65+ due to sharper strike detail and fewer die imperfections. A sealed roll trades for approximately $20–$30 CAD on the secondary market. It is worth buying for provenance and set completeness — but do not break the seal unless you plan to submit specific coins to a grading service, as an opened roll loses its packaging premium immediately.
Methodology & Sources
Values in this guide reflect secondary market data as of February 2026. Pricing was derived from the following primary sources:
- Charlton Standard Catalogue of Canadian Coins (Vol. 1, 75th–78th Editions) — primary reference for variety attribution and mintage data.
- Royal Canadian Mint — 10 Cents (mint.ca) — official product specifications, mintage figures, and finish definitions.
- Numista — 2022 Canada 10 Cents — community-verified technical specifications and mintage cross-reference.
- Canadian Coin News — RCM 2022 Product Catalogue — annual issue context and collector market overview.
- PCGS & NGC Population Reports — census data for condition rarity analysis.
- ICCS Population Reports — domestic Canadian grading census.
- Heritage Auctions & Geoffrey Bell Auctions — realized prices for condition rarities and trophy assets.
All values are in Canadian dollars (CAD). Market prices fluctuate; verify current values with a certified dealer or current grading-service price guides before buying or selling. This guide covers standard (non-error) coins only.
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.