| Author |
 Replies: 47 / Views: 7,649 |
|
Press Manager
 United States
1420 Posts |
The Royal Canadian Mint is proud to present The World's First 10-kg 99.999% Pure Gold Coin, featuring The Spirit of Haida Gwaii design from the masterpiece by Bill Reid, one of Canada's most accomplished and renowned artists. |
|
|
|
RCM Representative
158 Posts |
No more than 15 of these exclusive coins will be crafted for collectors of both fine art and of the finest gold in the world. Its price is a combination of the gold market rate at the time of purchase, plus a premium for its manufacturing and very limited mintage. Details and a video can be seen at http://www.mint.ca/10kiloCOIN SPECIFICATIONS Composition: 99.999% gold Weight: 10,000 g Diameter: 180 mm Edge: Serrated Finish: Proof Face Value: 100,000 dollars Artists: Bill Reid (reverse), Susanna Blunt (obverse) Master Engraver: Cosme Saffioti (2003-2011) Item Number: 113954 |
|
Pillar of the Community
Canada
862 Posts |
I wish I could afford one:)
|
|
RCM Representative
158 Posts |
Me too! It really is a work of art.
|
|
New Member
United States
27 Posts |
Very nice coin indeed. How much does it cost? 600K?
|
|
Pillar of the Community
Canada
862 Posts |
why video has no sound? or just my problem?
|
|
RCM Representative
158 Posts |
Yes, somewhere in the $600K range...give or take $50K ;)
And yes, the video is having a sound problem :(
It should be fixed in the next day or so we hope. It's a huge file so uploading it takes a LONG time.
|
|
Pillar of the Community
 Canada
9864 Posts |
When gold drops below $300 will the mint take it back at face value?
|
|
RCM Representative
158 Posts |
DBM, although the Royal Canadian Mint sells new collector coins directly to the public through its boutiques and online store, it does not buy back old collector coins. Remember this is more than a coin with a straight up monetary value - it is a very exclusive piece of art. In fact, it's been crafted to appeal to collectors of both fine art and of the finest gold in the world. |
|
Moderator
Canada
10458 Posts |
In my opinion, it it an artists rendition sculpted and struck in precious metal. It is art, it is not a coin...
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
|
|
Valued Member
Canada
451 Posts |
If the Mint does not buy coins back at their face value, then what is the point of face value? You are saying you can't actually spend this money? Why have a value at all?
|
|
RCM Representative
158 Posts |
It's pretty simple. All coins produced by the Royal Canadian Mint are legal tender and, as such, must have a face value. And although the Royal Canadian Mint sells new collector coins directly to the public through its boutiques and online store, it does not buy back old collector coins. We leave that to the secondary markets. |
|
Pillar of the Community
Canada
9864 Posts |
Quote: All coins produced by the Royal Canadian Mint are legal tender So we have been told.But where can you redeem NCLT coins for face value? Last year we had an interesting discussion on this site when members tried to get $20 for their $20for$20 coins. Businesses won't take them,banks didn't want them,so as a representative of the source of these coins can you tell us where to redeem them for face value? Edited by DBM
10/21/2011 9:20 pm
|
|
Valued Member
Canada
451 Posts |
The Mint should honor these coins for their face value and accept them as currency. If these coins' own mother won't accept them for face value, who would?
If they are legal tender, then the Mint should prove it.
|
|
Bedrock of the Community
United States
10045 Posts |
That has a beautiful strike!
|
|
Pillar of the Community
Canada
1502 Posts |
Hopefully the RCM rep comes back with a definitive answer to the NCLT face value issue. It's terrific to have a mint rep on the forum. |
| |
Replies: 47 / Views: 7,649 |
Posted 10/21/2011 1:57 pm
