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4 Dollars - Elizabeth II SML fractional set, 1⁄2 oz

Issuer Royal Canadian Mint
Year 2004
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Weight 15.552 g
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Obverse lettering ELIZABETH II 4 DOLLARS 2004
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Reverse lettering CANADA 9999 9999 FINE SILVER 1/2 OZ ARGENT PUR
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Additional information

The SML fractional sets — Small, Medium, Large — were introduced by the Royal Canadian Mint in the early 2000s as a way to sell fractional silver in matched presentation sets rather than as standalone bullion. The four-dollar denomination on a half-ounce piece is an artifact of that packaging logic, not a reflection of any circulating monetary unit. Canada has never issued a four-dollar coin for general circulation.

.9999 fine silver was the RCM's calling card for this era, giving it a purity edge over the standard .999 used by most competitors at the time.

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