The Royal Canadian Mint has released the latest coin in their ongoing “$20 for $20 Fine Silver Coin” series offering 99.99% pure silver coins for their face value.
The new design captures the spirit of summer with the image of a young boy jumping off of a dock and into a pond. The inscriptions include “2014”, the face value of “20 Dollars”, and the precious metal purity “Fine Silver Argent Pur 9999”. The reverse was designed by John Mantha.
On the obverse of the coin is the effigy of Queen Elizabeth II designed by Susanna Blunt. Inscriptions include “Elizabeth II” and “D G Regina”.
Each coin is struck in a composition of 99.99% pure silver with a specimen finish. The weight is 7.96 grams (0.256 troy ounces) and the diameter is 27 mm with a serrated edge. The maximum mintage has been set at 200,000 pieces with an ordering limit of three coins per household.
The product page for this coin can be found here.
Following the broad popularity and quick sell outs for early releases within the $20 for $20 silver coin series, interest has shown some signs of decline. When the series launched in 2011, the maximum mintages for each coin were 250,000 pieces and sell outs within a time frame of weeks were commonplace. The mintage level has since been lowered to 225,000, and now 200,000 pieces. At this time, the prior three releases still remain available for sale on the Royal Canadian Mint’s website.
The launch of additional series utilizing the same concept may also be diverting some interest from the original series. The Royal Canadian Mint has introduced series of $100 for $100 and $50 for $50 silver coins. Other world mints have also released their own series following the precious metals for face value concept.
Starting today, the Royal Canadian Mint has started accepting pre-orders from Master’s Club members for their latest monthly batch of new releases. Logged in members can see the new releases here. Full coverage will be provided when orders open to the general public on June 3.