Cierlast
Well-known member
Hey a guy can dream eh.....
Million dollar gold coin launched by Canadian mint
In part as a marketing exercise, The Royal Canadian Mint has produced a $1 million face value coin containing 100kg of .99999 pure gold.
If it was April 1st one might think it a tall story, but it's May and The Royal Canadian Mint (RCM) has introduced the world's first 100-kg, 99999 pure gold bullion coin with a $1 million face value. The Mint has also introduced a 99999 pure one-ounce Gold Maple Leaf bullion coin. The 100 kg coin actually has a contained gold value of over US$2 million at current gold prices and would presumably fetch even more on the open market.
The 100-kg, 99999 pure gold bullion coin with a $1 million face value was originally conceived as a unique showpiece to promote the RCM's new line of 99999 pure one-ounce Gold Maple Leaf bullion coins. After several interested buyers came forward, the RCM decided to make a very limited quantity available for sale.
The 99999 pure one-ounce Gold Maple Leaf bullion coin is being released for general sale to the public after a successful trial production of a 99999 pure gold bullion coin and positive marketplace reaction. Although this coin presents a new standard in investment products, there are currently no plans to replace the standard 9999 pure Gold Maple Leaf bullion coins. Again, the higher purity product will command a premium over its slightly lower quality standard product.
"The Royal Canadian Mint operates in a very competitive environment, which is especially true of the international gold bullion market," said Ian E. Bennett, RCM President and CEO. "Our 100-kg and one ounce 99999 pure gold bullion coins are an achievement which separates the RCM from a large field of competitors. By producing the best quality products in the world, the RCM is enhancing its global reputation for excellence."
The Gold Maple Leaf bullion coin was first launched in September 1979, as a one ounce investment coin. To an extent it was launched as a competitor for the small investor to the South African Krugerrrand which was launched in 1967 to help boost South African gold sales. The Krugerrand, although it contains a full ounce of fine gold, is only .9167 percent pure with the balance made up with copper, so actually weighs more than an ounce.
The Gold Maple Leaf coin was 999 pure until 1982, when its purity was raised to 9999, setting a new benchmark for gold bullion coins. The RCM says it has maintained its tradition of leadership in the gold bullion industry by raising the bar once more, to 99999.
Gold Maple Leaf coins are distributed through an extensive network of bullion dealers and offer investors a simple and easy way to add precious metals to their investment portfolios.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=20485&sn=Detail
Million dollar gold coin launched by Canadian mint
In part as a marketing exercise, The Royal Canadian Mint has produced a $1 million face value coin containing 100kg of .99999 pure gold.
If it was April 1st one might think it a tall story, but it's May and The Royal Canadian Mint (RCM) has introduced the world's first 100-kg, 99999 pure gold bullion coin with a $1 million face value. The Mint has also introduced a 99999 pure one-ounce Gold Maple Leaf bullion coin. The 100 kg coin actually has a contained gold value of over US$2 million at current gold prices and would presumably fetch even more on the open market.
The 100-kg, 99999 pure gold bullion coin with a $1 million face value was originally conceived as a unique showpiece to promote the RCM's new line of 99999 pure one-ounce Gold Maple Leaf bullion coins. After several interested buyers came forward, the RCM decided to make a very limited quantity available for sale.
The 99999 pure one-ounce Gold Maple Leaf bullion coin is being released for general sale to the public after a successful trial production of a 99999 pure gold bullion coin and positive marketplace reaction. Although this coin presents a new standard in investment products, there are currently no plans to replace the standard 9999 pure Gold Maple Leaf bullion coins. Again, the higher purity product will command a premium over its slightly lower quality standard product.
"The Royal Canadian Mint operates in a very competitive environment, which is especially true of the international gold bullion market," said Ian E. Bennett, RCM President and CEO. "Our 100-kg and one ounce 99999 pure gold bullion coins are an achievement which separates the RCM from a large field of competitors. By producing the best quality products in the world, the RCM is enhancing its global reputation for excellence."
The Gold Maple Leaf bullion coin was first launched in September 1979, as a one ounce investment coin. To an extent it was launched as a competitor for the small investor to the South African Krugerrrand which was launched in 1967 to help boost South African gold sales. The Krugerrand, although it contains a full ounce of fine gold, is only .9167 percent pure with the balance made up with copper, so actually weighs more than an ounce.
The Gold Maple Leaf coin was 999 pure until 1982, when its purity was raised to 9999, setting a new benchmark for gold bullion coins. The RCM says it has maintained its tradition of leadership in the gold bullion industry by raising the bar once more, to 99999.
Gold Maple Leaf coins are distributed through an extensive network of bullion dealers and offer investors a simple and easy way to add precious metals to their investment portfolios.
http://www.mineweb.co.za/mineweb/view/mineweb/en/page34?oid=20485&sn=Detail