The Royal Canadian Mint has begun sales of the third coin in a series of silver $20 commemorative coins offered at face value. The previous coin in the series sold out of its limited mintage in 34 days.
The latest release features the image of a polar bear swimming with its head held just above the water. The artist for the reverse is Emily S. Damstra. Inscriptions include the face value of “20 Dollars”, an indication of the precious metal purity “Argent Pur Fine Silver 9999”, “Canada”, and the “2012” date.
The obverse of the coin features a portrait of Queen Elizabeth II designed by Susanna Blunt.
Each coin is struck in .9999 fine silver and has a weight of 7.96 grams (0.256 troy ounces) and a diameter of 27 mm. Based on a current market price of silver at $33.31, the coins have a metal value of $8.53 USD. The coins have a legal tender face value of $20.00 CAD, which converts to $19.92 USD.
The mintage of the 2012 Polar Bear $20 Commemorative Coin is limited to 250,000 pieces worldwide. There is an ordering limit of 3 coins per household.
The first sold out release within the Royal Canadian Mint’s “Exchange $20 for $20” series included a reverse design featuring five maple leaves flowing upwards and into the distance to form a “C”. The second release depicted a young person on a recreational canoe outing, with an early native paddler shown in the reflection of the water.
For additional information on the latest release, visit the Royal Canadian Mint website at http://mint.ca/