Posted 01/31/2012 10:37 am
To date, five of these exceptional coins have been sold.
The following is copied from a June 2010 article:
At the current gold price the coin is worth approximately US$3.95 million by its weight alone on the weekend gold closing price, but it could well fetch more than this. The coin is being auctioned by Austrian auction house Dorotheum. Given the strong interest in gold at the moment in Germany and Austria in particular, expectations for a strong price performance are high.
The million dollar gold Maple Leaf is .99999 pure gold. The coin was originally produced as a promotional product to give the mint a higher international profile. It was conceived as a one-off showpiece to promote the mint's new line of 99.999% pure one ounce Gold Maple Leaf bullion coins but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them, at the time, for between $2.5 million and $3 million. Initially there were five confirmed orders for these special coins.
I know a little about the stories behind 2 of these coins,
First coin
The coin which weighs 100 kg and measures 50 cm diameter (size of extra large pizza). The new owner had a craftsman make a wooden coffee table with this gold coin as the centerpiece of the table.... what a conversation piece ...
Second Coin
The owner went bankrupt and the coin was re-sold as part of a bankrupcy sale.
The following is copied from a June 2010 article:
At the current gold price the coin is worth approximately US$3.95 million by its weight alone on the weekend gold closing price, but it could well fetch more than this. The coin is being auctioned by Austrian auction house Dorotheum. Given the strong interest in gold at the moment in Germany and Austria in particular, expectations for a strong price performance are high.
The million dollar gold Maple Leaf is .99999 pure gold. The coin was originally produced as a promotional product to give the mint a higher international profile. It was conceived as a one-off showpiece to promote the mint's new line of 99.999% pure one ounce Gold Maple Leaf bullion coins but after several interested buyers came forward the mint announced it would manufacture them as ordered and sell them, at the time, for between $2.5 million and $3 million. Initially there were five confirmed orders for these special coins.
I know a little about the stories behind 2 of these coins,
First coin
The coin which weighs 100 kg and measures 50 cm diameter (size of extra large pizza). The new owner had a craftsman make a wooden coffee table with this gold coin as the centerpiece of the table.... what a conversation piece ...
Second Coin
The owner went bankrupt and the coin was re-sold as part of a bankrupcy sale.
Edited by coinvet
01/31/2012 10:39 am
01/31/2012 10:39 am
