The Canadian five-cent coin, commonly called a nickel, is a coin worth five cents or one-twentieth of a Canadian dollar.

According to author Allen G. Berman, Canadian nickels struck in pure nickel are "very difficult to grade" due to the alloy's hardness.

In May 1921, the government of Canada passed an act authorizing the change to the larger nickel coin, and subsequently the majority of the 1921 mint run was melted down.

[11] The coin believed to be the finest-known specimen (PCGS MS-67) sold for US$115,000 at auction in January 2010.

[12] It was then sold by the Canadian Numismatic Company for $160,000 to a private collector in early 2012.