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Mar 17, 2012

The Million Dollar Coin – a true milestone in minting

Million Dollar Coin

Incredible, but true: in 2007 the Royal Canadian Mint produced the world's first million dollar coin. The 100 kg, 99999 pure gold bullion coin with a $1 million face value was originally conceived as a unique showpiece to promote the Mint's new line of 99999 pure 1 oz Gold Maple Leaf bullion coins. After several interested buyers came forward, the Mint decided to make a very limited quantity available for sale. To date, five of these majestic gold bullion coins, weighing 3,215 troy ounces each, have been purchased by investors from Canada and abroad.


In October 2007, the Million Dollar Coin was certified by Guinness World Records to be the world's largest gold coin. The coins are manufactured at the Mint's Ottawa facility, where the Mint operates world-class gold and silver refineries, securely stores gold bullion and mints all Royal Canadian Mint gold bullion products and collector coins.


The reverse features an elegant, hand-polished maple leaf design by Royal Canadian Mint artist and senior engraver Stan Witten, and the obverse bears the effigy of Her Majesty Queen Elizabeth II by celebrated Canadian portrait artist Susanna Blunt.


Why did the Royal Canadian Mint make the world's purest and largest gold bullion coin?
Because we can.


Specifications:
Face value: $1,000,000
Composition: 99999 fine gold
Weight (in troy oz.): 3215
Weight (kg): 100


Definition of 99999 purity  
Gold (Au) which is 99.999% pure is defined as having a total of less than 10 parts per million of the following elements: Ag, Al, As, Bi, Cr, Cu, Fe, In, Mg, Mn, Ni, Pb, Pd, Pt, Sn, Si, Ti, Zn and Zr. This refers to the bulk material below the coin surface.

1 comment:

  1. Oh my gosh! Thats some bling. Could you imagine someone trying to buy a cup of coffee with that? hehe

    ReplyDelete