200 Dollars - Charles III Ultra High Relief 1 oz. GML

The Ultra High Relief series from the Royal Canadian Mint has always been technically demanding — achieving deep sculptural relief on a 30 mm planchet requires multiple strikes under extreme pressure, and the .9999 fine gold used here is softer than alloyed alternatives, making die wear and surface fidelity a genuine engineering concern rather than a marketing claim. This is the first UHR issue to carry the effigy of Charles III following his accession in September 2022, making it a transitional piece in the RCM's coinage program regardless of mintage figures.