On May 3, 2007, the Royal Canadian Mint (RCM) unveiled a Gold Maple Leaf coin by artist Stanley Witten, with a face value of $1 million Canadian dollar. The weight of the coin is 100 kilograms, and measures 50 cm in diameter by 3 cm thick. The coin is mainly a promotional product to give the RCM a higher international profile. The 100-kilogram coin was conceived as a showpiece to promote the RCM's new line of 99.999 percent pure, one-ounce gold maple leaf bullion coins. The coin is made only to order and so far five have been produced. It is not 'struck' like a conventional coin, but is instead cast then machined to the right size and shape.
Big Phil coin Photo by: financialcryptography.comWeighing 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, a €100,000 gold coin, worth about C$153,000. The Austrian coin is 37 centimetres across and weighs 31 kilograms. It is minted by the 800-year-old Austrian Mint, each with a face value of 100,000 euros and bearing a replica of the Vienna Philharmonic Orchestra's famed hall on one side and orchestral instruments on the other. (Hence the nickname Big Phil). With only 15 of the coin minted so far. The Big Phil were introduced in 5 October 2004.
Photo by: FunAndFunOnly.org
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. The coins are both adorned with a maple leaf and boast 99.999 percent purity, a notch above previous purity peaks of 99.99 percent.
Face value: $1,000,000
Composition: 99999 fine gold
Weight (in troy oz.): 3215
Weight (kg): 100
Source: Reuters, Wikipedia, Royal Canadian Mint, financialcryptography.com
I think the content covered in the blog is quite impressive and brilliantly conveyed. Good job and great efforts. Keep it up. Gold Coin Vienna
ReplyDelete