2023 Canadian 25-Cent (Quarter) Value Guide
What is your 2023 Canadian quarter worth? Complete CAD price guide for the King Charles III circulating quarter and Queen Elizabeth II Memorial NCLT issue — Business Strike, Numismatic BU, Specimen, Silver Proof, and Special Wrap Rolls by grade.
Most 2023 Canadian quarters found in pocket change (King Charles III obverse) are worth exactly $0.25 — face value. In certified Gem grades the value rises sharply: $18.40 at MS65 and ~$122.00 at the trophy-tier MS67.
- Circulated KCIII (pocket change):$0.25 (face value)
- Uncirculated KCIII (MS64):$2.50
- Gem Uncirculated KCIII (MS65):$18.40
- Trophy Gem KCIII / QEII (MS67):~$122.00
- QEII Memorial Numismatic BU (MS60–62, from intact set):$1.25–$2.89
- QEII Memorial Specimen SP68 (Sage-Grouse Set):$8.95–$15.00
- QEII Memorial Specimen SP70 (trophy):$86.00–$149.00
- QEII Memorial 99.99% Silver Proof PR69:$20.00–$22.20
Found in change? If your coin shows King Charles III facing left, it is the standard circulation quarter worth face value unless certified at Gem grade. Shiny or from a set? Determine whether you have a Numismatic BU (lustrous, from a roll or Classic Set), a Specimen (matte/lined fields with frosted relief, from the Sage-Grouse set), or a deep-mirror Proof — each carries a distinct value tier. Is it silver? Apply a magnet: standard 2023 quarters are strongly magnetic (94% steel core). If your coin does not stick and weighs 6.00 g, you have the 99.99% silver Proof edition with a melt floor of approximately $7.70 CAD. All values in CAD as of February 2026. See full value chart →
The 2023 Canadian 25-cent piece marks the Royal Canadian Mint's first monarch transition in 70 years. Following the passing of Queen Elizabeth II in September 2022, the RCM split the 2023 quarter program into two entirely distinct coins: a Queen Elizabeth II Memorial obverse — withheld from general circulation and produced exclusively for collector sets and Special Wrap Rolls — and a new King Charles III obverse (Steven Rosati design), authorized for general commerce with initial volumes entering circulation on December 14, 2023. Both types share Emanuel Hahn's timeless Caribou reverse. For values across all years of Canada's 25-cent denomination, see our Canadian Quarter Value Guide.
Note: Errors such as off-center strikes and wrong-planchet coins exist for 2023 but are outside the scope of this standard value guide.
The 2023 Canadian quarter exists in two distinct obverse types: the QEII Memorial Non-Circulating Legal Tender issue (left, with four pearls and double dates 1952–2022) and the King Charles III circulating issue (right, portrait facing left). Both share Emanuel Hahn's classic Caribou reverse. (Illustration — not a photo of your exact coin)
2023 Canadian Quarter Composition & Melt Value
Standard Issue: Multi-Ply Nickel-Plated Steel
All standard 2023 Canadian quarters — circulation business strikes and base-metal collector products alike — are manufactured using the Royal Canadian Mint's proprietary multi-ply plated steel technology, implemented across Canadian denominations in 2000. The precise layering is 94% Steel (structural core), 3.8% Copper (electromagnetic bonding layer), and 2.2% Nickel (corrosion-resistant outer plating), producing a coin weighing exactly 4.40 grams with a diameter of 23.88 mm.
This coin contains no precious metal whatsoever. Its intrinsic melt value is negligible — fractions of a cent. All market premium is driven entirely by numismatic demand, condition, and mintage scarcity. The 94% steel core guarantees that every standard 2023 Canadian quarter will be strongly attracted to a household magnet — this magnetic response is normal and expected, not a defect.
Magnet test diagnostic: a standard 2023 Canadian quarter (multi-ply steel) will be firmly attracted to a neodymium magnet. No magnetic attraction — combined with a weight of exactly 6.00 g — identifies the 99.99% silver Proof edition. (Illustration)
Premium NCLT Issue: 99.99% Pure Silver Proof
Premium collector sets also contain a 2023 25-cent coin struck entirely in the Royal Canadian Mint's renowned "four nines" (99.99%) pure silver. These coins weigh 6.00 grams — significantly heavier than the 4.40-gram steel counterpart — and contain approximately 0.1929 troy ounces of pure silver. At a theoretical spot price of $40 CAD per troy ounce, the intrinsic melt value sits at approximately $7.70 CAD. This precious-metal floor is absent from all base-metal issues. The silver Proof coin is entirely non-magnetic; if your coin passes the magnet test, always confirm with a scale reading of 6.00 grams as a secondary authentication check.
Side-by-side weight comparison: the standard 2023 multi-ply steel quarter (4.40 g, left) versus the 99.99% silver Proof edition (6.00 g, right). The 1.60-gram weight difference is a reliable metrological authentication tool. (Illustration — not a photo of your exact coin)
⚠️ Never Clean Your Coins
Cleaning, polishing, or chemically dipping a 2023 Canadian quarter causes irreversible damage. On multi-ply plated steel coins, abrasive rubbing strips the delicate 2.2% nickel outer plating, exposing the copper layer beneath and leaving permanent marks. On 99.99% silver Proofs, chemical dipping strips the delicate frosting from the cameo relief, producing a flat, lifeless surface. Any coin exhibiting hairlines from wiping or unnatural brightness will receive a "Details – Cleaned" designation from third-party certifiers and lose all numismatic premium regardless of underlying detail.
2023 Canadian Quarter Value Chart by Grade & Finish
The 2023 Canadian quarter value cliff: value stays flat from circulated through MS63, then jumps sharply at the MS65 threshold, and again exponentially at MS67. This pattern is driven by the physical realities of multi-ply steel hopper-to-bag production. (Illustration)
King Charles III Obverse — Business Strike & Numismatic BU
These are the circulating and collector BU issues bearing Steven Rosati's new King Charles III portrait facing left. The Business Strike entered general commerce on December 14, 2023, with a calendar-year mintage of 5,630,000 and a full program run reaching up to 80,510,000 pieces. "First Strikes" Special Wrap Roll coins and Classic Uncirculated Set coins originate from carefully handled RCM packaging, yielding a higher statistical probability of superior grades compared to bulk-bag circulation strikes. However, all three product tiers converge at the same MS65 price point, reflecting the identical underlying coin and finish.
| Product / Finish | Circulated | BU (MS60–62) | MS64 | MS65 | MS67 (Trophy) | Mintage |
|---|---|---|---|---|---|---|
| Business Strike (Circulation) | $0.25 | $0.50 | $2.50 | $18.40 | ~$122.00 | 5.6M–80.5M |
| “First Strikes” Special Wrap Roll (Numismatic BU) | N/A — Sets Only | $1.25 | — | $18.40 | — | 15,000 rolls |
| Classic Uncirculated Set (Numismatic BU) | N/A — Sets Only | $2.50 | — | $18.40 | — | 100,000 sets |
MS67 represents the trophy tier — see the Variants section for full context. Sources: Coins and Canada MS price guide (Feb 2026); Numista KCIII catalogue entry (Feb 2026); RCM 25-Cents Circulation Page (Feb 2026); Coins Unlimited First Strikes (Feb 2026).
ℹ️ The Value Cliff: Why MS65 Is the Key Threshold
The RCM strikes tens of millions of quarters per year at high speed; newly struck coins are immediately ejected into steel hoppers, virtually guaranteeing contact marks. A coin surviving this process with zero focal bag marks under 5× magnification — earning an MS65 or higher from PCGS, NGC, or ICCS — is a genuine statistical rarity. This is why value stays flat from circulated through MS63, then jumps sharply at MS65 and again exponentially at MS67.
Queen Elizabeth II Memorial Obverse — Numismatic BU
These coins carry Susanna Blunt's final portrait of Queen Elizabeth II alongside the distinctive memorial markers: the double dates “1952–2022” and a diamond arrangement of four pearls representing the four different effigies of Her Majesty used on Canadian coinage during her reign. The Royal Canadian Mint explicitly withheld this obverse from general circulation; the entire supply originates from the Collector’s Edition Non-Circulation Coin Set and the Special Wrap Roll program. A QEII Memorial quarter found in a cash drawer indicates it was removed from a collector product, destroying its packaging provenance and reverting its value toward face value.
| Product / Finish | Broken Set / Impaired | BU (MS60–62, Intact Provenance) | MS65 | Mintage |
|---|---|---|---|---|
| Collector’s Edition SWR / Classic Uncirculated Set (Numismatic BU) | $0.25 | $1.25–$2.89 | $18.40 | 100,000 (Classic Sets); 7,000 (SWR rolls) |
Sources: Coins and Canada (Feb 2026); Numista QEII Memorial catalogue entry (Feb 2026); RCM Collector’s Edition NCLT Set (Feb 2026); RCM Classic Uncirculated Coin Set (Feb 2026).
⚠️ NCLT Provenance Is Everything
The premium on QEII Memorial BU coins depends entirely on intact, sealed RCM holographic packaging. Once a Special Wrap Roll is broken, provenance is permanently destroyed and individual coins revert to standard MS60–62 valuations. Do not break intact rolls unless you have confirmed reason to believe a specific coin within grades MS65 or higher.
Queen Elizabeth II Memorial Obverse — Specimen (SP) Finish
The only confirmed Specimen-finish 2023 Canadian quarter originates from the 2023 Conservation Stories: Greater Sage-Grouse Specimen Set, limited to 30,000 units. The Specimen finish is a Royal Canadian Mint signature: flat background fields have a finely lined, matte, or velvety appearance that diffuses light, while raised design elements are brilliantly frosted — creating a sophisticated two-tone effect distinctly different from both Business Strike cartwheel lustre and the deep-mirror Proof finish. Because Specimen coins are struck on dedicated numismatic presses under stringent quality control and immediately housed in protective capsules, grades of SP68 represent the typical baseline for this product.
| Finish / Product | SP68 (Typical Baseline) | SP70 (Trophy — see Variants) | Mintage |
|---|---|---|---|
| Specimen — Sage-Grouse Set Exclusive | $8.95–$15.00 | $86.00–$149.00 | 30,000 sets |
SP68 source: verified secondary market realized data (Feb 2026). SP70 source: NGC-certified auction sold data (Feb 2026).
Queen Elizabeth II Memorial Obverse — 99.99% Silver Proof
Premium 99.99% pure silver Proof strikes bearing the QEII Memorial obverse were produced for high-end RCM collector sets, with an estimated mintage of approximately 12,500 pieces. These coins are struck multiple times at low speed on highly polished blanks, producing deep, dark mirror fields with heavily frosted cameo relief on the Caribou design. They weigh 6.00 grams (~0.1929 troy oz Ag) and are entirely non-magnetic. The intrinsic silver melt floor at approximately $40 CAD per troy ounce is approximately $7.70 CAD — though numismatic premiums far exceed this baseline. For confirmed retail pricing on the silver Proof, see London Coin Centre inventory (Feb 2026).
| Finish / Product | PR69 (Typical Baseline) | PR70 (Trophy) | Mintage | Silver Content |
|---|---|---|---|---|
| 99.99% Silver Proof (Premium Collector Sets) | $20.00–$22.20 | — | ~12,500 | ~0.1929 troy oz Ag (~$7.70 melt at $40 CAD/troy oz spot) |
All values in CAD as of February 2026. For the complete denomination price guide, see our Canadian Quarter Value Guide.
Most Valuable 2023 Canadian Quarter Varieties
A. Trophy-Level Specimens (Not Typical)
No Charlton-documented die varieties (Doubled Die Obverse, Repunched Mintmarks, or similar) have been formally attributed for the 2023 Canadian quarter as of February 2026. The top tier of the 2023 market is driven entirely by condition rarity and finish perfection. The physical realities of multi-ply steel production mean that a flawless modern quarter is a genuine rarity — the trophy premiums below reflect coins that defied those odds.
| What | Why It Commands a Premium | Required Grade / Finish | Documented Value | Source |
|---|---|---|---|---|
| King Charles III or QEII Memorial — MS67 Gem Uncirculated | Surviving the high-speed steel hopper-to-bag process with zero visible contact marks. At MS67: no bag marks under 5× magnification, full Caribou antler strike detail, brilliant original lustre. | PCGS, NGC, or ICCS MS-67 | ~$122.00 | Coins and Canada MS catalogue value (Feb 2026) |
| QEII Memorial Specimen SP70 “First Releases” | Perfect Specimen finish — flawless matte/lined fields devoid of any spotting, pristine frosting on Caribou relief, no environmental exposure. Often carrying PCGS/NGC “First Releases” or “Early Releases” label designations, which dominate registry set demand. | NGC or PCGS SP-70 + First Releases label | $86.00–$149.00 | NGC-certified auction sold data (Feb 2026) |
B. Findable Split Points — Packaging & Monarch Variants
The unique 2023 monarch transition created three immediately identifiable, high-premium packaging and design splits that require no microscopic examination to identify. These are the "findable" variants that astute collectors can locate from intact RCM packaging.
| Variant | How to Identify | Why Rarer | Typical Premium | Source |
|---|---|---|---|---|
| QEII Memorial Special Wrap Roll (SWR) | Intact paper roll with holographic RCM wrap marked “Collector’s Edition 2023” bearing the QEII Memorial designation. | Capped at just 7,000 rolls globally — the lowest-mintage 2023 quarter roll product. | ~$28.95+ per roll (vs. $10 face value) | Coins Unlimited (Feb 2026) |
| KCIII “First Strikes” Special Wrap Roll | Premium wrapper with holographic RCM seal explicitly noting “First Strikes” and King Charles III effigy. | Limited to 15,000 rolls; captures the historic first production run of the King Charles III effigy on Canadian 25-cent coinage. | ~$22.95+ per roll (vs. $10 face value) | Coins Unlimited (Feb 2026) |
| O Canada Five-Coin Gift Card Set (2023) | Factory-sealed 5-coin blister card; the 2023 NCLT quarter appears alongside an exclusive 2023 moose/maple $1 coin. | Cross-market demand from loonie collectors creates sustained demand for the intact set; breaking the set eliminates the collector premium. | ~$21.95 (intact set) | RCM O Canada Set (Feb 2026) |
ℹ️ Packaging Provenance Rule
The entire premium on Special Wrap Rolls is contingent on the intact, sealed holographic RCM paper wrapper. A broken roll reduces individual coins to standard MS60–62 values. Do not break intact rolls unless you have confirmed evidence that a specific coin within grades MS65 or higher.
Identifying the two 2023 Special Wrap Rolls: the QEII Memorial Collector’s Edition (left, limited to 7,000 rolls) versus the KCIII “First Strikes” roll (right, limited to 15,000 rolls). The holographic RCM wrapper is the primary authentication feature; an opened or damaged wrapper destroys the packaging premium. (Illustration)
2023 Canadian Quarter Identification Guide
Accurately identifying your 2023 Canadian quarter requires a five-step diagnostic. The obverse check is the mandatory first step — it determines the coin’s entire value trajectory before any other factor is considered. For historical context on Canadian quarter obverse design evolution, see the Saskatoon Coin Club obverse design reference.
30-Second Diagnostic Checklist
Step 1 — The Monarch Split (Critical First Step)
Examine the obverse portrait carefully. This step alone determines CLT vs. NCLT status and the applicable value table.
The QEII Memorial obverse close-up: Queen Elizabeth II facing right (Susanna Blunt portrait), with the double dates “1952–2022” below the truncation and a diamond arrangement of four pearls. These markers confirm Non-Circulating Legal Tender status — this coin was never intended for general commerce. (Illustration — not a photo of your exact coin)
- Queen Elizabeth II Memorial Obverse (NCLT): Queen Elizabeth II faces right. Below the portrait, look for the double dates “1952–2022” and a diamond arrangement of four pearls — representing the four effigies of Her Majesty used on Canadian coinage during her reign. If your coin shows these markers, you have an NCLT Memorial Obverse that was deliberately withheld from circulation. Finding one in a cash register means it was removed from a collector product.
- King Charles III Obverse (CLT / Circulation): His Majesty King Charles III faces left without a crown (honoring the numismatic tradition of alternating monarch portrait direction). The reverse simply reads “2023.” This is the standard circulation issue.
The King Charles III obverse (Steven Rosati design): portrait faces left without a crown, following numismatic convention of alternating direction from the preceding monarch. This is the circulating 2023 Canadian quarter. (Illustration — not a photo of your exact coin)
Step 2 — Reverse Design Check
Confirm the reverse imagery. All standard 2023 25-cent coins — regardless of the obverse type — display Emanuel Hahn’s classic Caribou design. The 2023 commemorative program allocated special reverse designs exclusively to the $1 and $2 denominations; no circulating commemorative 25-cent reverse designs exist for 2023.
Step 3 — Edge Check
The 2023 Canadian quarter features a standard reeded (milled) edge of consecutive vertical grooves. A fully struck coin with a completely plain edge would indicate an out-of-scope error.
Step 4 — Magnet Test (Composition Authentication)
Apply a household neodymium magnet to the coin surface.
- Strongly attracted: You have the standard multi-ply plated steel coin (94% steel core). This is normal and expected for all circulation and base-metal NCLT issues. No precious metal content.
- No attraction: Your coin requires immediate further scrutiny. Non-magnetic response strongly suggests the 99.99% silver Proof edition. Confirm with weight (must be exactly 6.00 grams versus 4.40 grams for the steel standard) and visual confirmation of deep mirror Proof fields.
Step 5 — Finish Identification
Three-way finish comparison for the 2023 Canadian quarter: Business Strike / Numismatic BU (left — standard cartwheel lustre), Specimen SP (centre — matte/lined fields with frosted relief), and 99.99% Silver Proof (right — deep mirror fields with heavy cameo frosting). Identifying your finish is essential before consulting the value tables. (Illustration — not a photo of your exact coin)
- Business Strike / Numismatic BU: Standard reflective lustre with a cartwheel effect under rotating light. Business strikes will almost universally show minor contact marks or bag marks from bulk handling. Numismatic BU coins from sets will be sharper with fewer marks, but the surface texture is the same.
- Specimen (SP): The flat background fields display a distinctively matte, finely lined, or velvety appearance that diffuses — rather than reflects — light. Raised design elements are brilliantly frosted. This sophisticated two-tone effect is the signature of the RCM’s Specimen finish. For 2023, this finish is exclusive to the Sage-Grouse set.
- Proof (PR/PF): The background fields appear as flawless, deep, dark mirrors. The raised Caribou relief will be heavily and evenly frosted, creating dramatic cameo contrast. These coins were struck multiple times at low speed on polished blanks and are non-magnetic (99.99% silver composition).
No Documented Mint Marks
The 2023 Canadian quarter carries no distinguishing mint marks on any finish — standard for Canadian circulation coins and base-metal collector issues of this era. Do not mistake design elements for mint marks.
ℹ️ ICCS vs. PCGS / NGC: Which Certifier?
For Business Strike and Numismatic BU coins, domestic collectors and dealers rely heavily on ICCS (International Coin Certification Service) and CCCS (Canadian Coin Certification Service), known for notoriously strict standards on modern magnetic coinage — an ICCS MS64 may achieve MS65 from PCGS or NGC. For the “perfect” collector finishes (SP70 and PR70), PCGS and NGC slabs dominate the market, particularly for international registry set builders. Their top-population labels drive the trophy-tier pricing documented in Section 4.
2023 Canadian Quarter Value FAQs
What is a 2023 Canadian quarter worth?
It depends entirely on which obverse it carries and its condition. A circulating King Charles III 2023 quarter is worth face value ($0.25) in any circulated grade. Certified at MS65, it is worth $18.40; at the trophy-tier MS67, approximately $122.00. A Queen Elizabeth II Memorial quarter from an intact collector set is worth $1.25–$2.89 in BU condition, rising to $18.40 at MS65. Specimen SP68 coins from the Sage-Grouse set reach $8.95–$15.00, and the 99.99% silver Proof at PR69 reaches $20.00–$22.20. All values in CAD as of February 2026.
How do I know if I have the Queen Elizabeth II or King Charles III 2023 quarter?
The answer is on the obverse. Queen Elizabeth II faces right, with the distinctive memorial markers “1952–2022” and four pearls below her portrait. King Charles III faces left without a crown. If you have QEII’s portrait with the standard plain date “2023” only (without the 1952–2022 double date and pearls), that is a different issue entirely — for 2023, the QEII Memorial obverse always includes both the double dates and the four pearls.
Is a 2023 Canadian quarter with the Queen Elizabeth II Memorial obverse rare?
It is scarce relative to circulating coins, but not dramatically rare in absolute terms. The Queen Elizabeth II Memorial quarters were produced in capped quantities: up to 100,000 Classic Uncirculated Sets and only 7,000 Special Wrap Rolls. However, these figures are sufficient to meet collector demand without extreme scarcity. The real premium is in high-grade certified examples (MS65+) or the Specimen and Proof finishes, not simply in possessing the QEII obverse itself.
Is my 2023 Canadian quarter made of silver?
Almost certainly not. The overwhelming majority of 2023 Canadian quarters — including all circulation coins and base-metal collector products — are composed of multi-ply nickel-plated steel (94% steel, 3.8% copper, 2.2% nickel) with zero precious metal content. The only 2023 Canadian quarter containing silver is the 99.99% pure silver Proof struck for premium collector sets at an estimated mintage of approximately 12,500 pieces. Apply the magnet test: if it sticks firmly, it is the steel version. If there is no magnetic attraction, confirm with a scale reading of exactly 6.00 grams (versus 4.40 grams for the steel coin).
What is the “value cliff” for 2023 Canadian quarters, and why does it exist?
The value cliff describes the non-linear price jump that occurs at the MS65 threshold. Below MS65, value stays essentially flat — a coin grading anywhere from circulated to MS63 commands very little premium over face value. At MS65, value jumps to $18.40. At MS67, it reaches approximately $122.00. This cliff exists because the RCM strikes millions of quarters in high-speed presses that immediately eject coins into steel hoppers, virtually guaranteeing contact marks. A coin that avoids all contact damage is a genuine statistical anomaly, and condition-census collectors pay a steep premium for it.
Should I get my 2023 Canadian quarter professionally graded?
Only if you are confident it grades MS65 or higher. Third-party grading fees (ICCS, PCGS, or NGC) typically range from $30 to $50+ per coin at standard service levels, plus shipping and insurance. At MS65, the coin is worth $18.40 — which means grading costs may exceed the coin’s numismatic value at that level. Grading becomes economically sensible at MS67+ (approximately $122.00) or for Specimen SP70 coins ($86.00–$149.00). For a common business-strike quarter grading MS60–63, grading is not cost-effective.
What is the difference between Specimen (SP) and Proof (PR) finishes on 2023 Canadian quarters?
Both are premium collector finishes, but they are visually and compositionally distinct. Specimen (SP) coins feature matte or finely lined background fields that diffuse light, contrasted against brilliantly frosted raised design elements; for 2023, the Specimen finish is exclusive to the QEII Memorial obverse in the Sage-Grouse set, struck on base-metal multi-ply steel (magnetic). Proof (PR) coins feature deep, dark mirror background fields with heavy cameo frosting on raised elements, struck multiple times at low speed on polished blanks; for 2023, Proof quarters are struck in 99.99% pure silver and are non-magnetic. The two finishes are struck on different metals and priced on entirely different scales.
What are Special Wrap Rolls, and is it worth opening them?
Special Wrap Rolls are factory-sealed paper rolls of 40 quarters with holographic RCM branding, sold by the Royal Canadian Mint as premium collector products. The 2023 program includes two: the QEII Memorial Collector’s Edition (7,000 rolls, approximately $28.95+) and the KCIII “First Strikes” (15,000 rolls, approximately $22.95+). Opening the roll permanently destroys the sealed-roll premium, reducing individual coins to standard MS60–62 valuations. It is generally not worth opening unless you have strong evidence that a specific coin within the roll grades MS65+ — an outcome that requires individual certification to monetize.
If I found a 2023 QEII Memorial quarter in my change, what does it mean and what is it worth?
A 2023 QEII Memorial quarter in circulation means it was removed from a collector set or roll — these coins were never officially released for commerce. However, once a coin is found in circulation, it is considered “broken from provenance” in numismatic terms. Any wear, bag marks, or contact marks from circulation impair its grade. A circulated or impaired QEII Memorial quarter typically reverts to face value ($0.25). The collector premium is recoverable only if the coin has been handled carefully and grades BU or higher upon professional examination.
Methodology & Sources
Values presented in this guide are typical non-error secondary market retail prices as of February 2026, aggregated from the following primary sources. All prices are in Canadian Dollars (CAD).
- Coins and Canada — 2023–2026 25-Cent Price Guide (primary retail pricing reference for MS grades and collector finishes)
- Numista — King Charles III 25-Cent Catalogue Entry and QEII Memorial 25-Cent Catalogue Entry (CLT/NCLT designation verification; international collector data)
- Royal Canadian Mint — Official 25-Cent Circulation Page (mintage figures from 2023 Annual Report; composition specifications)
- RCM Collector’s Edition Non-Circulation Coin Set and RCM Classic Uncirculated Coin Set (official mintage caps and product specifications)
- London Coin Centre — 2023 Canada 25 Cents Silver Proof (retail pricing for 99.99% silver Proof variant)
- Verified secondary market realized data including NGC-certified auction sold records (SP70 trophy pricing)
- Saskatoon Coin Club — Canadian 25-Cent Obverse Design Evolution (historical obverse design context)
Prices represent typical market values and are subject to change with silver spot prices, collector demand, and new population data from ICCS, PCGS, and NGC. This guide covers standard non-error coins only. Consult a professional numismatist for high-value individual coin assessments.
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.