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RCM Introduces World's First 100-kilogram Pure Gold Coin

 
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Pillar of the Community
United States
4678 Posts
 Posted 05/03/2007  8:23 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message


OTTAWA (CP) - The Royal Canadian Mint has unveiled the world's first 100 kilogram pure gold coin.

Listed as 99.999 per cent pure gold bullion, the new pizza-size coin is mainly a promotional product to give the mint a higher international profile. The 100-kilogram coin was conceived as a showpiece to promote the mint's new line of 99.999 per cent pure one ounce Gold Maple Leaf bullion coins.

That extra nine makes it slightly purer than the 99.99 per cent gold coins offered by competitors.

After several interested buyers came forward, the mint decided to make a very limited quantity available for sale.

The coin, which has not been named yet, will be sold as a limited time offer and will be made to order so there'll be no inventory to carry or to melt down if there's unsold stock.

Since 1979, the mint has pioneered high-purity Maple Leaf bullion coins, selling about 20 million ounces of them around the world.

But it acknowledges that it has lost some of its competitive edge, as mints in Australia, Austria, China and the United States push their own high-quality gold coins.

Bennet said the 100-kilogram and the one-ounce 99.999 per cent pure gold bullion coins help separate the mint from competitors.

Austria, in particular, has had success with its 100,000-euro gold coin, worth about C$153,000.

The Austrian coin is 37 centimetres across and weighs 31 kilograms.

http://www.cbc.ca/cp/Oddities/07050...50308AU.html
Pillar of the Community
Canada
1106 Posts
 Posted 05/03/2007  11:07 pm  Show Profile   Bookmark this reply Add chrycopaul to your friends list Get a Link to this Reply
For those not up on the metric system, 1 kg = approx. 2.2lbs. A 220 lb coin is some serious pocket change.
Pillar of the Community
United States
4678 Posts
 Posted 05/04/2007  08:04 am  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
*drools* I want this large coin!
Pillar of the Community
Australia
1091 Posts
 Posted 05/04/2007  10:06 am  Show Profile   Bookmark this reply Add toast to your friends list Get a Link to this Reply
Face value... $1,000,000.00 whooo hooo
Do they actually have a press that big to make the coin the usual way or was this poured into a mold and later polished?
Valued Member
Canada
186 Posts
 Posted 05/04/2007  7:43 pm  Show Profile   Bookmark this reply Add timotay01 to your friends list Get a Link to this Reply
So that is what they've been doing with the extra cash from the $10 quarters and mint sets I've been buying.
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