200 Dollars In the name of Elizabeth II, Rhodium Plated Maple Leaf

Rhodium — harder than platinum, more reflective than silver, and for most of the twentieth century considered little more than a plating curiosity — briefly became the world's most expensive metal by weight in 2021, trading above $29,000 USD per troy ounce before collapsing sharply. The Royal Canadian Mint's decision to issue a rhodium-plated gold coin in the years immediately following that spike carries an implicit editorial commentary on the metal's volatility.

This is also among the final issues bearing Elizabeth II's name before the RCM transitioned to Charles III, making it a terminus piece for a portrait lineage on Canadian coinage stretching back to 1953.