Coin Review – 2015 1.25 oz $8 Canadian Silver Bison Coin (BU) | New Coin Releases

Coin Review – 2015 1.25 oz $8 Canadian Silver Bison Coin (BU)

Author: Paul Maritz 

JM Bullion recently mailed me a 2015 1.25 oz $8 Canadian Silver Bison Coin (BU) and requested that I review it. It came as a pleasant surprise, both the gesture and the coin.

2015 Canadian Silver Bison Coin 2

The 2015 1.25 oz $8 Canadian Silver Bison Coin (BU) came well packaged and was delivered shortly after the request of JM Bullion came through: “We have a new exclusive RCM 1 1/4 oz Silver Bison Coin we’d like you to review.” To be brutally honest, I was extremely excited to receive and review the first 1 1/4 or 1.25 oz silver bullion coin ever produced by the prestigious Royal Canadian Mint (RCM), which is available in the USA, exclusively through JM Bullion.

2015 Canadian Silver Bison Coin 3

My first impression of the 2015 Canadian Silver Bison Coin…

The 2015 Canadian Silver Bison Coin looks and feels great in hand, the little bit of extra weight and thickness immediately leaves a positive impression. This is not even to mention the rest, especially the artwork itself, which boasts Her Majesty the Queen in what seems like a proof-like finish and a North American Bison galloping through an open plain. It is certainly not bad for a bullion coin with a Brilliant Uncirculated (BU) finish.

Size

My first impression of the 2015 Canadian Silver Bison coin is very positive, despite the fact that some see it as an odd size coin, especially when an attempt is made to encapsulate it in a 38 mm coin capsule of the wrong size.

It after all has the same diameter as a Canadian Maple Leaf coin, but is at 4.1125 mm, a bit thicker than the Maple Leaf and its 3.29 mm. This means it will go inside a H38 for one, but you won’t be able to fully close the coin capsule. Despite this, I don’t find it to be of an odd or strange size, because it is only natural that an extra .25 oz of silver will not fit in a H38 coin capsule. I guess the silver stacker within me is certainly not complaining.

To be honest, it would be odd if it did fit perfectly into a H38 (or other 38 mm coin capsule of the wrong size). Coin capsules of the right size are of course available, but one can understand why JM Bullion doesn’t ship these in capsules, especially given the tight margins when it comes to selling bullion coins. Nonetheless, they do seem to offer coin capsules of the correct size separately for sale at their website.

Needless to say, size or silver content that adds to size is definitely part of what makes the four nines fine (.9999) 2015 Canadian Silver Bison coin unique. Yes, it is a coin that not only truly compliment the North American Bison, but which is certainly the bull among 1 oz bullion coins. Interesting enough, the heaviest wild North American Bison bull ever recorded pulled the scale at 1,270 kg (2,800 lb).

Security Features

The advanced micro engraved design or anti-counterfeit “radial lines” also leave one with a positive impression of the coin. This cutting edge technology, as far as I know first deployed by the Royal Canadian Mint (RCM) on the 2014 Silver Maple Leaf bullion coins, certainly contributes to the distinct quality of the 2015 Canadian Silver Bison coin.

Quality

Talking about quality, some are concerned about the quality of the 2015 Canadian Silver Bison Coin, especially in terms of its potential to develop “milk spots” when condensation reaches the silver.

The one JM Bullion sent me doesn’t have any “milk spots”, but the potential for it to get “milk spots” are certainly there, especially considering that it is almost common knowledge that RCM coins do tend to get “milk spots.” Some believe it is because of the four nines fine or 99.99% pure silver coins produced by the RCM, while others believe it has nothing to do with it. In fact, a google search reveals numerous reasons why coins can get “milk spots” and it is certainly not a problem that is unique to RCM coins.

Thus, moving forward, the overall quality of the 2015 1.25 oz $8 Canadian Silver Bison Coin (BU) that I’ve received from JM Bullion seems to be of a much higher quality than the quality of Silver Maple Leaf bullion coins on average. This makes sense, especially if one considers that of the first 800 bison coins submitted to NGC grading, no less than 500 graded MS70. This while Silver Maple Leaf bullion coins rarely grades MS69 or above.

Face Value

It is great to see that the “chunky” 2015 Canadian Silver Bison Coin also boasts a higher face value. To be exact, $8 CAD, which is $3 CAD higher than the $5 CAD face value of the 2015 Canada 1oz. troy .9999 fine Silver Maple Leaf Coin.

Thus, the silver content of the 2015 Canadian Silver Bison Coin is 25% higher than the silver content of the 2015 Canadian Silver Maple Leaf Coin, while the face value is a massive 60% higher! This certainly adds to the attractiveness of the 2015 Canadian Silver Bison Coin for me, both in terms of its face and melt value, not even to mention its potential collector’s value.

To Sum Up

I am overall very impressed by the 2015 1.25 oz $8 Canadian Silver Bison Coin (BU), especially in terms of its size and quality, not even to mention the security features, artwork and face value.

To learn more about the 2015 Canadian Silver Bison Coin, please visit JMBullion.com/Bison

About JM Bullion 

JM Bullion was established as a small online precious metal retailer in 2011, but quickly grew and has emerged as a major retailer in the online precious metals industry. JM Bullion offers a wide selection of gold and silver products, from bars to rounds to coins. Dealing exclusively in high quality physical bullion, JM Bullion works directly with mints and distributors and ships directly to your doorstep.

GoldUSD 1,247.30   per Ounce
SilverUSD 15.85   per Ounce
PlatinumUSD 871.80   per Ounce

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