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Caribou quarter value

The caribou quarter — Canada's 25-cent piece with the caribou on the reverse — was struck in .800 silver from 1937 to 1967. A common-date silver caribou melts for $8.07, sells for $8.21–$11.24, and a dealer might pay about $5.18–$5.93. The date is what separates an $8 quarter from a 25-cent one.

The three numbers that matter

Prices as of Oct 24, 2026 · Silver spot $53.80/ozt (Kitco) · Circulated, common date, problem-free, raw (uncertified) unless stated

Melt floor
$8.07
0.1500 ozt silver × $53.80/ozt spot. The floor under every .800 silver caribou quarter.
Asking & guide range
$8.21–$11.24
Common dates, circulated. George VI (1937–1952) and Elizabeth II (1953–1967) caribou quarters.
Dealer might pay
~$5.18–$5.93
Estimate derived from published Canadian per-$1-face buy prices (Vancouver Gold; MyBestLists, Oct 2026) — not a firm bid.

Canadian pre-1967 silver is .800 fine from 1920 (sterling .925 before that — not the US .900). A caribou dated 1919 or earlier is sterling and holds 0.1734 oz of silver, melting for $9.33. The 1967 and 1968 quarters are separate entries — different silver content, different tests.

How to tell silver from nickel

Read the date. Caribou quarters from 1937 to 1967 are silver; 1969 and later are nickel or plated steel and worth 25 cents. The 1967 and 1968 quarters need their own checks (1967: two silver recipes; 1968: silver or nickel). The design barely changed across the cut-off — only the date separates an $8 silver quarter from a 25-cent one.

Sterling years (1919 and earlier)

Dated 1919 or earlier, a Canadian quarter is sterling (.925) and holds 0.1734 oz of silver — about 16% more than the .800 years that followed. Melt $9.33 at the Oct 24, 2026 spot.

What to do with it

Sort caribou quarters by date, keep the silver years separate from the nickel years, and take the dealer sheet to two dealers. Do not clean them.

Do not clean your coins. Cleaning is the fastest way to destroy collector value — a polished coin can lose half its worth instantly, and no cleaning can be undone. Handle coins by the edges, keep them dry, and leave toning and dullness exactly as they are.
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