This Canadian Dollar Could Make You Rich: The 1970 Manitoba Nickel’s Hidden Value

A single Canadian dollar coin could be your ticket to a small fortune! The 1970 Manitoba Centennial Nickel Dollar, struck to celebrate Manitoba’s 100th anniversary of joining Canada, is a collector’s gem that’s worth far more than its face value. While millions were minted, certain versions, especially those in pristine condition or with unique features, can fetch hundreds or even thousands of dollars. Known as a “Holy Grail” for coin enthusiasts, this coin’s history and rarity make it a must-have. Let’s explore why the 1970 Manitoba Dollar is so special and how you might spot one in your change.

A Coin with a Historic Story

In 1970, the Royal Canadian Mint released its first commemorative nickel dollar to mark 100 years since Manitoba joined the Canadian Confederation. The coin features a prairie crocus, Manitoba’s provincial flower, designed by artist Raymond Taylor. With a mintage of over 4 million, it’s not rare in circulated condition, but uncirculated or proof-like versions are highly sought after. These coins, made of 100% nickel, weigh 15.62 grams and measure 32.13mm in diameter. Their clean, bold design and historical significance make them a favorite among collectors.

Why It’s Worth Big Money

The value of the 1970 Manitoba Dollar depends on its condition and finish. Circulated coins, showing wear from use, are worth about $1 to $5. However, uncirculated coins, especially those graded MS-64 or higher by services like ICCS, can sell for $50 to $200. Proof-like or specimen coins, often sold in special Royal Canadian Mint cases, can fetch $10 to $50, with some reaching $500 for top grades. A rare counterstamped version, marked by the Arban Vancouver community after the death of Egypt’s President Nasser in 1970, is extremely valuable, with only about 1,000 made and prices reaching into the thousands.

Spotting a Valuable 1970 Dollar

To find a valuable 1970 Manitoba Dollar, check your coins closely. Look for the prairie crocus on the reverse with “MANITOBA 1870-1970” written around it. The obverse shows Queen Elizabeth II’s portrait. Uncirculated coins will have no scratches or wear, with a shiny, crisp look. Proof-like coins often come in maroon clamshell cases from the Mint. Use a magnifying glass to spot any counterstamps, which could indicate the rare Nasser variety. Store coins in protective holders to maintain their condition, as even small damage can lower their value.

Other Canadian Dollars to Watch

While the 1970 Manitoba Dollar is a star, other Canadian nickel dollars from the era are also valuable. The 1971 British Columbia Centennial and 1973 Prince Edward Island Centennial dollars, for example, can be worth $10 to $100 in high grades. The 1982 Constitution Dollar has a rare coin-alignment error, valued at over $1,000 in uncirculated condition. Always check for low-mintage years or errors, as these can drive up a coin’s worth. The shift from silver to nickel in 1968 makes these coins a unique part of Canada’s numismatic history.

How to Cash In on Your Find

If you think you’ve got a valuable 1970 Manitoba Dollar, get it appraised by a professional grading service like PCGS or ICCS to confirm its condition and authenticity. You can sell through local coin shops, online marketplaces like eBay, or auction houses like Heritage. With Canada phasing out nickel coins, these dollars are becoming harder to find, making now a great time to check your collection. That old coin jar might just hold a treasure waiting to be discovered!