20 Dollars - Elizabeth II Iconic Maple Leaves

The "Iconic Maple Leaves" series belongs to a Royal Canadian Mint strategy that accelerated sharply after 2010, when the mint began aggressively expanding its collector silver market following the success of its bullion Maple Leaf program. Gold-plated silver issues like this one occupy an awkward commercial niche — priced above spot, below true gold, and aimed squarely at gift buyers rather than numismatists. The KM# assignment reflects how thoroughly Krause absorbed late RCM collector issues into its catalog despite their limited secondary market depth.