1 Dollar - Elizabeth II 4th Portrait, GML Bullion Coinage

The "GML" privy mark on this issue denotes the initials of Susanna Blunt, whose portrait of Elizabeth II was adopted by Canada in 2003 — the first Canadian-designed effigy of the monarch used on circulation coinage. The bullion fraction series of which this belongs was introduced by the RCM partly to compete with fractional gold products from the Perth Mint and the U.S. Mint's American Eagle program.

At 1/20 oz, this is the smallest denomination in the Maple Leaf bullion family. The .9999 fineness standard was itself a marketing differentiator when first introduced in 1982, undercutting the Krugerrand's .9167 alloy.