The Royal Canadian Mint has revealed the next coin in their popular “Exchange $20 for $20” coin program. The design celebrates the Diamond Jubilee of Queen Elizabeth II.
The double headed coin features a portrait of The Queen as she is today and as she first appeared on Canadian coinage in 1953. The obverse design is by Mary Gillick and the reverse is by Laurie McGaw.
The coins have a mintage of 250,000 and are struck in 7.96 grams of 99.99% silver. This is equivalent to 0.256 troy ounces of silver, which has a current metal value of about $8. The diameter the coin is 27 mm with a specimen finish.
Pre-orders are currently being accepted from Master’s Club members with a shipping date of May 2, 2012 listed.
This will be the fourth coin in the program. The first release featured five maple leaves flowing upwards and into the distance to form a “C”. The second design depicted a young person on a canoe outing, with an early native paddler shown in the reflection of the water. The third release featured a polar bear swimming.
The program has been very popular with collectors since it represents an opportunity to acquire a silver coin at the face value. The second release sold out in 34 days and the third release sold out in 25 days.