May 4, 2007
One Coin You’ll Never Toss
Stumble it!Officials from the Royal Canadian Mint unveiled the world’s first 100 kilogram (220.5 pound) coin made from pure gold bullion today – it’s worth one million Canadian dollars (approx $903,098 USD).
A record-breaker for value, the coin features a fetching portrait of Britain’s Queen Elizabeth II by Canadian portrait artist Susanna Blunt on one side and a maple leaf designed by senior engraver Stan Witten on the other.
The coin will never make it into general circulation – with good reason, at 53cm in diameter and three centimeters thick, it’d never fit in your handbag.
A North American tour has been organized for the coins, scheduled to start in two weeks. Tours to other areas in Europe and Asia are under consideration.
Each coin takes up to eight weeks to create, as they are hand crafted. Future minting of the $1M coin will be restricted to ‘minting on demand’ for collectors and specialized investors.
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