Canadian 5-cent coin · Elizabeth II

1954 Canadian 5 cents (nickel)

A 1954 Canadian 5-cent coin contains no silver.

No silver

Reported mintage, 1954

6,998,662

The Mint records this coin as chrome plated steel. There is no melt trade in it and no dealer prices it by weight.

What the Mint says it is made of

PeriodCompositionWeightSilverDiameterMagnet
1951 - 1954chrome plated steel4.54 gnone21.21 mmattracted

How many were struck

6,998,662

Reported mintage, 1954

That is the 36th 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

Elizabeth II

The effigy of Queen Elizabeth II first appeared on Canadian coins in 1953 when she was 27 years old. The effigy pictured here was used until 1964, with the inscription ELIZABETH II DEI GRATIA REGINA, meaning “Elizabeth II, by the grace of God, the Queen. ”

Every portrait by year

Designs 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.

1942 - 1963

The 12-sided coin

5-cent coins were made of nickel from 1921 to 1942. However, nickel's importance in the production of war materials demanded the development of another metal for coinage. Tombac, a kind of brass, was chosen as the replacement and was used until 1946. The 5-cent coin featured 12 sides to distinguish it from the 1-cent coin.

The rest of your 1954 change

Nobody inherits one denomination. If there is a 1954 5-cent coin in the tin, these are the other coins carrying that date and whether they hold any silver.

DenominationComposition in 1954SilverMintage
1 cent penny98% copper, 0.5% tin, 1.5% zincnone22,181,760
10 cents dime80% silver, 20% copper0.0599 ozt4,493,150
25 cents quarter80% silver, 20% copper0.1500 ozt2,318,891
50 cents half dollar80% silver, 20% copper0.2999 ozt506,305
1 dollar80% silver, 20% copper0.5993 ozt246,606

Everything Canada struck in 1954

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.