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Royal Canadian Mint's Record Is Broken

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SPP-Ottawa's Avatar
Canada
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 Posted 10/28/2011  11:32 pm Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this topic Add SPP-Ottawa to your friends list Get a Link to this Message Number of Subscribers
Meet the world's largest gold coin....

http://www.abc.net.au/news/2011-10-...coin/3604466
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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Toronto1's Avatar
Canada
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 Posted 10/29/2011  12:03 am  Show Profile   Bookmark this reply Add Toronto1 to your friends list Get a Link to this Reply
RCM next 10 TONNE GOLD COIN?
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jpaiva83's Avatar
Canada
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 Posted 10/29/2011  12:13 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
Let compare?
RCM 100KG coin vs. Perth 1000KG Coin
RCM 99.999% Pure gold vs Perth 99.99% pure gold
RCM $ 1,000,000 face value, vs Perth $ 1,000,000 face value
Edited by jpaiva83
10/29/2011 12:13 am
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realpenny's Avatar
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 Posted 10/29/2011  12:28 am  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
^^^ Where did you see the face value?
It's odd that they are the same.
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sel_69l's Avatar
Australia
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 Posted 10/29/2011  12:34 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Next? How about Yap Island coins? Some of those are so heavy, they cannot be moved!
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Canadian-Banknotes's Avatar
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 Posted 10/29/2011  01:25 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
^^^ Where did you see the face value?
It's odd that they are the same.


I didn't see the face value on that site either.

However, it is on this one. http://economictimes.indiatimes.com...10522705.cms

"Australia's coin is 99.99 per cent pure and has a nominal value of 1,000,000 Australian dollars (USD 1,061,000). The gold itself is worth more than 50 million Australian dollars"
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realpenny's Avatar
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 Posted 10/29/2011  01:57 am  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
Thanks!
I think the highest face value should win! I want to see a $25 million dollar coin... the Mints should put their money where their mouth is. :p
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poboxw's Avatar
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 Posted 10/29/2011  02:28 am  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply
i guess we still hold out on the largest at 99999.

On a side note, one of the 100kg gold maples is coming to Toronto and will be on display. It'd be neat to see in person.
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littlemoney's Avatar
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 Posted 10/29/2011  1:40 pm  Show Profile   Bookmark this reply Add littlemoney to your friends list Get a Link to this Reply
Well done Perth Mint, that ought to hold the record for some time.
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RoyalCanadianMint's Avatar
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 Posted 10/29/2011  6:43 pm  Show Profile   Bookmark this reply Add RoyalCanadianMint to your friends list Get a Link to this Reply
Whatever happened to quality over quantity? Purity matters and we hold that world title with our 5-9s gold. Just saying...

That aside, 1-Tonne is impressive. Kudos to Perth Mint!

And like someone else said, wonder why they wouldn't have supersized the face value too? Odd...
Edited by RoyalCanadianMint
10/30/2011 08:43 am
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jpaiva83's Avatar
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 Posted 10/30/2011  09:30 am  Show Profile   Bookmark this reply Add jpaiva83 to your friends list Get a Link to this Reply
The Perth Mint always under values the face value. Much more than the RCM does. I have a 5oz silver Perth Mint Dog coin that has a face value of $ 8.00. Yes $ 8.00

If the RCM made this coin, its face value would be around $ 50.00. I know face values are symbolic but...
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poboxw's Avatar
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 Posted 10/30/2011  11:51 pm  Show Profile   Bookmark this reply Add poboxw to your friends list Get a Link to this Reply

Quote:
If the RCM made this coin, its face value would be around $ 50.00.


The RCM have a 10 oz silver maple leaf issue (1998), the face value is $50. No "bullion" 5 oz issues yet, but keeping consistent with the trend, it'd be $25.
(This whole face value deal don't make much sense to me anyways. The Chinese minted gold and silver panda coins/medals with no face values to begin with for that reason exactly. Wasn't until trying to expand Westward did they put that nominal number on the pandas)

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SPP-Ottawa's Avatar
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 Posted 10/31/2011  12:01 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply

Quote:
Whatever happened to quality over quantity?


Royal Canadian Mint, that statement is a sword that cuts both ways... I would turn around and ask the RCM the exact same question, with respect to the 2011 uncirculated sets...
"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 Oppenheimer

Content of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_US

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realpenny's Avatar
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 Posted 10/31/2011  12:59 am  Show Profile   Bookmark this reply Add realpenny to your friends list Get a Link to this Reply
^^^
I would go more... :P


Quote:
Whatever happened to quality over quantity?


Lots of people are complaining about poor quality RCM products as well. The quality is not there. There is proof. Quality is going down. The dot matrix printing looks horrible and will look like a joke when a better processes come out. Frosting and detail is lacking due to production methods. From the pictures on your website of the coin versus the actual coin in hand there is a clear difference that the artwork and design is better on the website then the delivered product - it is not nearly as detailed which has been shown. I would not brag about recent quality in the last few years especially. The RCM's heritage is fine and lots of nice things have come from the RCM but that was a while ago. Quality has definitely gone down overall.

People also complain the RCM produces too much. The RCM produces lots of NCLT"S now... it is what lots of people are complaining about. So quantity? Really? I think the RCM is guilty of producing too much as well.

So I call marketing, instead of listening to a problem that the RCM can solve. You imply the RCM has higher quality and lower quantity then the other guys and that this is good. The RCM's quality is noticeably going lower. And your quantify is going up probably hurting your quality even more. But hey that's just what most people who actually collect NCLT's are saying who care more then the cash only aspect. Once you lose the true collectors... the NCLT market will plunge and hopefully everyone paid near bullion valve or really likes the coin.

But both the Perth Mint and RCM put on good marketing stunts with - the big gold coins.
Edited by realpenny
10/31/2011 01:32 am
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canadian_coins's Avatar
United States
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 Posted 11/02/2011  9:42 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply

Quote:
Royal Canadian Mint's record is broken


Not just that. Their web site too. Unable to place a single purchase for days now.

Good for my wallet I suppose.
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