Canadian 5-cent coin · George VI

1938 Canadian 5 cents (nickel)

A 1938 Canadian 5-cent coin contains no silver.

No silver

Reported mintage, 1938

3,898,974

The Mint records this coin as 99% nickel. There is no melt trade in it and no dealer prices it by weight.

What the Mint says it is made of

PeriodCompositionWeightSilverDiameterMagnet
1922 - 194299% nickel4.54 gnone21.21 mmattracted

How many were struck

3,898,974

Reported mintage, 1938

That is the 16th lowest of the 117 years in which the Mint reports striking a 5-cent coin, in a range running from 200,050 to 278,530,000. Mintage is a count of coins made, not of coins that survive: the Mint has no way of knowing how many of these were later returned and melted, and for a silver denomination in the 1960s that number is large.

Portrait on the obverse

George VI

His Majesty King Charles III’s grandfather appeared in effigy on Canadian coins until his daughter’s Coronation in 1952. Until 1947, the inscription accompanying his image read GEORGIVS VI D:G:REX ET IND:IMP or GEORGIVS VI DEI GRA REX ET IND:IMP (depending on the denomination). After India became independent in 1947, the ET IND:IMP, which meant “George VI, Emperor of India,” was discontinued.

Every portrait by year

The design on the reverse

1937 - 1942, 1946 - 1950, 1952 - 1966, 1968 - present

The beaver

The beaver design was created in 1937 by G.E. Kruger-Gray as part of a coin modernization effort.

The rest of your 1938 change

Nobody inherits one denomination. If there is a 1938 5-cent coin in the tin, these are the other coins carrying that date and whether they hold any silver.

DenominationComposition in 1938SilverMintage
1 cent penny95.5% copper, 3% tin, 1.5% zincnone18,365,608
10 cents dime80% silver, 20% copper0.0599 ozt4,197,323
25 cents quarter80% silver, 20% copper0.1500 ozt3,149,245
50 cents half dollar80% silver, 20% copper0.2999 ozt192,018
1 dollar80% silver, 20% copper0.5993 ozt90,304

Everything Canada struck in 1938

Composition, weight, diameter and mintage are reproduced from the Royal Canadian Mint’s published record for the 5-cent coin, retrieved 2026-09-04. Silver content is calculated from that published weight and fineness rather than transcribed. Portrait periods come from the Mint’s Faces of the Monarch. No value on this page is a collector price. Methodology.