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20 Dollars - Elizabeth II 2nd Portrait, GML Bullion Coinage
| Issuer | Royal Canadian Mint |
|---|---|
| Year | 1986-1989 |
| Type | Log in to see details |
| Value | 20 Dollars |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Latin |
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| Edge | Log in to see details |
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| Mintage | 1986 - - 529,200 1987 - - 332,800 1988 - - 538,400 1989 - - 259,200 1989 - Proof Set - 6,998 |
| Additional information |
Canada's .9999 fine gold bullion program launched in 1979 as a direct response to the South African Krugerrand's dominance of the global bullion market — and to U.S. import restrictions on that coin, which briefly left American investors without a major accessible alternative. The Maple Leaf series exploited that gap aggressively, and by the mid-1980s the Royal Canadian Mint had captured a substantial share of world bullion sales.
The four-nines fineness was itself a marketing decision as much as a technical one, edging out the Krugerrand's .9167 standard and giving dealers a clean selling point. KM#153 spans the years immediately before the half-ounce denomination was joined by the tenth and twentieth-ounce fractionals, rounding out the full suite.