The Royal Canadian Mint has once again expanded their line of silver coins offered for sale at their legal tender face value. The new additional is a 99.99% pure 2 oz silver coin offered for its face value of $200.
The first release within the “Landscapes of the North” series features a unique 360 degree design to represent towering forests. From a central body of water, an arrangement of plant and animal life appears surrounding. Some of the animals include a squirrel, bear, bald eagle, beaver, moose, wolf, frog, and various birds. The animals are interspersed among the trees of the forest which grow from the central area of the coin and tower towards the edge. There are numerous maple leaves incorporated within the design to accentuate the Canadian theme.
On the obverse of the coin is the Susanna Blunt portrait of Queen Elizabeth II.
Each coin is struck in 99.99% pure silver with a matte proof finish. The weight is 62.69 grams and the diameter is 50 mm. A maximum mintage of 20,000 pieces has been established with an ordering limit of two coins per household.
Within 48 hours of opening sales to Master’s Club members, the Royal Canadian Mint reported that one-third of the overall mintage had been sold. Orders have opened to the general public today. The coins can be found at this product page.
This latest product continues the proliferation of 99.99% pure silver coins offered for sale at their face value. The concept was first used by the Royal Canadian Mint in 2012 to launch a series $20 for $20 silver coins having a weight of 7.96 grams. The maximum mintage for the initial releases was 250,000 pieces, however later releases were limited to 225,000 pieces, and most recently 200,000 pieces.
In 2013, The RCM launched a $100 for $100 silver coin program featuring coins with a weight of 31.6 grams. The coins were limited to a mintage of 50,000 pieces each.
Earlier this year, a $50 for $50 silver coin program was also launched including coins with a weight of 15.87 grams. The first coin carried a maximum mintage of 100,000 pieces.