Like many other mints, the Royal Canadian Mint issues coins in precious metals having much higher intrinsic value than their face value. Some of these are in the one ounce (1 oz) of platinum format.
The coins are legal tender but are not intended for circulation. They are targeted at collectors who appreciate these special editions as pieces of art, or for commemorative reasons.
This coin commemorates the Platinum Jubilee of Queen Elizabeth II. 70 years ago - on February 6, 1952 - Elizabeth II ascended the throne for the age of 25 and was crowned queen at Westminster Abbey on June 2, 1953. The ceremony, with the exception of the anointing and communion, was televised for the first time. Since then, Elizabeth II has been the constitutional monarch of 16 sovereign states known as "Commonwealth Realms", including their territories and dependent territories. She is also head of the 53-state Commonwealth of Nations and secular head of the Anglican Church of England. Queen Elizabeth II is the longest reigning monarch to date and the first to celebrate such an anniversary.