Canada 2014 Summertime $20 for $20 Silver Coin

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.

2014 Sumertime $20 Silver Coin

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.

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Comments

  1. fmtransmitter says

    Because people realized it’s a scam and a bad one at that…Like when you eat a sour grape and go, whoa…

  2. F Santis says

    Reckless abandon is the only spirit they’ve captured with that design.
    RCM are flogging a dead horse.

  3. Louis says

    Direct sent me an e-mail and 2 min. later when I got to the site they were already gone! Talisman was really the only option, but now $300.

  4. JagFan says

    It took me an hour and twenty minutes to get thru the perth mint system to only be notified that they are out of stock – which I expected.

    I was able to pick one up from Talisman prior to them raising their prices (got it for $249)…

    Gainsville coins has them but they are already inflated ($379)…

    I would imagine that Perth will release another batch around 7 or 8pm…

    Good Luck to all!

  5. VARich says

    Well shucks – I’m still staring at…., “Your order is being processed, please wait
    Estimated order placement wait time: 13 Minutes” – that started on the top of the hour.

  6. Ikaika says

    @ Louis

    The price Talisman is asking now $300 is a lot. I have a feeling the distributors like Direct, Downies and others will have more for sale at less inflated prices soon. The Zeus I got for $200. Not paying $300 for the second coin. Perth might also have more for sale. Keep checking!

  7. Louis says

    Ikaika- Downies is only taking orders from those who bought the Zeus from them, and Direct sold out in 2 min. same at Coins Australia. I did not get one at $250 at talisman as I expected this craziness. Perth may put more up later but I could not bet on it in this case. remember dealers figured out they can make a ton and scooped up most coins before any of us had a chance. we were competing for a tiny # of coins. new thread started….

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