8 Dollars - Elizabeth II Arctic Fox, 1 1⁄2 oz Silver Bullion Coinage

The Arctic Fox issue was part of the Royal Canadian Mint's push into fractional and odd-denomination bullion starting in the early 2010s, when the mint was aggressively competing with Perth and the U.S. Mint for collector-investor crossover buyers. The 1½ oz format was a deliberate awkwardness — heavy enough to feel substantial against a standard one-ounce piece, unusual enough to attract set builders who would not otherwise look twice at a bullion coin.

The .9999 fineness specification had become the RCM's primary marketing differentiator by this date, first achieved at scale in 1982 with the Maple Leaf program.