Following the success of their “$20 for $20″ silver coin program, the Royal Canadian Mint has launched a new series which uses the same concept for a larger face value.
Orders are now being accepted for the first “$100 for $100″ silver coin, which is the initial release for the Wildlife in Motion series. The RCM indicates this is the first time in history that $100 can buy a coin worth $100.
The reverse of the coin designed by Claudio D’Angelo features three members of a herd of stampeding bison racing across the grassy prairie. The bison are pictured in profile, illustrating the movement and momentum of the massive creatures. The background shows foothills which are backed by a jagged mountain with clouds above. The inscriptions read “Canada 2013″ and the legal tender face value of “$100 Dollars”.
The obverse of the coin features the portrait of Queen Elizabeth II designed by Susanna Blunt.
The 2013 $100 for $100 Bison Silver Coin is struck in 99.99% pure silver with a weight of 31.6 grams (1.016 troy ounces) and diameter of 40 mm. The maximum mintage is limited to 50,000 pieces with a limit of three coins per household.
These coins are available for sale priced at their face value of $100 CAD. The product page can be found here.
Comparisons to $20 for $20 Silver Coins
The Royal Canadian Mint has released eight coins under the “$20 for $20″ program.
The $20 silver coins are struck in 99.99% silver with a weight of 7.96 grams (0.256 troy ounces). The new $100 silver coins are struck in 99.99% purity with a weight of 31.6 grams (1.016 troy ounces). This represents less silver content proportional to the face value when compared to the $20 coins. Five times the weight of the $20 coin would have been 39.8 grams.
The diameter of the $20 coins is 27 mm compared to a diameter of 40 mm for the $100 coins.
The finishes of the coins differ. For the $20 coins, a specimen finish is used, compared to a matte proof finish for the $100 coins.
The $20 coins have carried mintage limits of 250,000 each. The $100 coins carry a mintage limit of one-fifth the amount at 50,000 pieces. Both programs have imposed a limit of three coins per household.