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5 Dollars - Elizabeth II 2nd Portrait, GML Bullion Coinage
| Issuer | Royal Canadian Mint |
|---|---|
| Year | 1982-1989 |
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| Shape | Round |
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| Obverse description | Right-facing draped bust effigy of Queen Elizabeth II, modeled by Arnold Machin, wearing the Girls of Great Britain and Ireland tiara. The legend ELIZABETH II arcs along the upper periphery, while the denomination 5 DOLLARS and the date appear along the lower periphery. The portrait is rendered in high relief against a brushed field, with fine detail in the hair and drapery characteristic of the Machin second portrait used on Canadian coinage from 1965. |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | ELIZABETH II 5 DOLLARS 1986 |
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| Additional information |
Canada's .9999 fine gold Maple Leaf series, launched in 1979, was a direct commercial challenge to the South African Krugerrand, which at the time dominated the bullion market but was increasingly subject to international trade restrictions tied to apartheid-era sanctions. The Royal Canadian Mint recognized an opening and deliberately matched — then exceeded — the Krugerrand's .9167 fineness, making the Maple Leaf the purest gold bullion coin commercially available at its launch.
The 1/10 oz denomination was added in 1982 as a lower entry point for retail investors. KM#135 runs through 1989, the year the mint introduced privy-marked and special issues that began fragmenting the series into collector subsets.