200 Dollars - Elizabeth II, Tribute obverse Elizabeth II's Royal Cypher

Issued in the final months of Elizabeth II's life — she died in September 2022 — this piece belongs to a small category of coins that became commemorative by accident of timing rather than design intent. The Royal Cypher reverse was part of the Royal Canadian Mint's broader tribute program, which had been developing through her Platinum Jubilee year. What began as a celebratory issue quietly became a memorial one before the year was out.