The E-Sylum:  Volume 10, Number 26, July 1, 2007, Article 20

ROYAL CANADIAN MINT REPORTS SALES OF NEW MILLION-DOLLAR GOLD COIN

There have been at least a few takers for the massive new Canadian
gold coin:

"The Royal Canadian Mint has sold five of its $1-million gold collector
coins, and at least four of them are headed where the money is - to
the West Coast.

'But as the mint and the dealers disclosed, a million bucks is just
the face value of the 100-kilogram, 99.999-per-cent-pure gold coins.

"The mint sold them for at least $2.3 million apiece based on market
values...

"But J & M Jewellery Ltd. of Vancouver confirmed it did purchase one -
after paying the mint $175,000 down - but has already sold it to a
wealthy buyer who remains anonymous.

"An official with A-Mark Precious Metals Inc. of Santa Monica, Calif.,
confirmed his firm bought three of the coins, but he would not discuss
their fate."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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