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125 Dollars - Elizabeth II Narwhal

Issuer Royal Canadian Mint
Year 2015
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Composition Silver (.9999)
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Reverse description A richly detailed naturalistic scene depicting two narwhals (Monodon monoceros) in their Arctic habitat. The foreground shows two narwhals partially surfacing from realistically rendered rippling water, their characteristic spiralled tusks prominent; one animal is depicted nearly fully visible with mottled spotted skin texture, while the second emerges behind it. In the middle ground, the rippled Arctic sea extends to a rugged, rocky coastal cliff or iceberg rendered in high relief along the upper portion of the field. The legend CANADA arcs along the upper rim, with the date 2015 appearing in the lower border. The engraver's initials CA appear in the lower right field.
Reverse script Latin
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Additional information

The narwhal issue belongs to the Royal Canadian Mint's kilogram-class series of ultra-high-relief naturalist pieces, though this 500g example sits just below that threshold. These large-format silver releases were produced in strictly limited quantities — typically a few hundred pieces worldwide — and sold directly through the Mint at significant premiums over melt, effectively removing them from any circulation consideration from the day of issue.

The .9999 fineness is notable: four-nines silver was not standard for Canadian coinage until the Mint began aggressively targeting the collector and bullion markets in the 2000s.

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