The Royal Canadian Mint has released the next coin within their “Exchange $20 for $20” coin program, which features a silver coin carrying a price equal to its legal tender face value. The new coin features a holiday theme with the depiction of a Magical Reindeer.
The reverse design by Virginia Boulay features a depiction of a magical reindeer for the holiday season. The obverse of the coin carries the Susanna Blunt portrait of Queen Elizabeth II.
Each coin is struck in 99.99% pure silver with a weight of 7.96 grams (0.256 troy ounces). At the current market price of silver, each coin has an intrinsic value of $8.79. The diameter is 27 mm, and the coins have a serrated edge and specimen finish.
The maximum mintage is 250,000 pieces with an ordering limit of three per household. The previous five releases within the series have all sold out. The product page for the current release can be found here.
The previous designs have featured five maple leaves, a young person on a canoe outing, a polar bear swimming, and a current portrait of Queen Elizabeth II.