The E-Sylum:  Volume 10, Number 18, May 6, 2007, Article 30

CANADA'S MILLION-DOLLAR COIN UNVEILED

As hinted in a previous E-Sylum article, the million-dollar gold coin
is now a reality.  According to news reports, "The Royal Canadian Mint
unveiled a welcome addition to any piggy bank on Thursday -- a monster
gold coin with a face value of C$1 million (455,000 pounds) that it
says is the world's biggest, purest and highest denomination coin.

"Weighing in at 100 kilograms (220.5 pounds), the limited edition coin
easily dwarfs its closest rival, the 31 kg (68 pound) "Big Phil", which
was made to honour the Vienna Philharmonic Orchestra and has a face
value of a mere 100,000 euros (C$150,000).

"The Canadian mint introduced the mega-coin, which is the size of an
extra-large pizza, alongside the one-ounce gold bullion coins it is
mass producing at its Ottawa plant.

"Originally designed to promote the new one-ounce coins, the colossal
100 kg coins will be produced in a very limited quantity. A U.S. precious
metals distributor has ordered three and there is interest in Asia and
Europe, the mint said."

"While it has a C$1 million face value, the coin is worth more than
twice that amount given the current gold price of $683.30 an ounce.

"The new coins are both adorned with a maple leaf and boast 99.999
percent purity, a notch above previous purity peaks of 99.99 percent."

[I'm ordering two, so I can exhibit an obverse and reverse.  -Editor]

To read the complete article, see: Full Story

 CANADA AUTHORIZES MILLION-DOLLAR GOLD COIN?
 esylum_v10n06a27.html

  Wayne Homren, Editor

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