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On 3 May 2007, the Royal Canadian Mint unveiled a Gold Maple Leaf coin with a nominal face value of $1 million and a metal value of over $3.5 million, referred to as a Big Maple Leaf. [ 5 ] [ 6 ] It measures 50 cm in diameter by 3 cm thick and has a mass of 100 kg , with a purity of 99.999%.
The 1-ounce gold bullion coin of 1997 bore the likeness of an RCMP Musical Ride member, its face value was $50, but its guaranteed value was US$310 until January 1, 2000. There was some controversy because some felt that the guaranteed value should have been in the issuing currency.
From 2000 to 2019, there were various technological achievements in Canadian coin minting. The first RCM gold coin to be directly laser etched was the $100 Gold Leduc Oil Fields coin from 2002. [ 1 ] The technique would later be used for the 2003 $100 Gold Marquis Wheat coin and the 2004 $20 Iceberg coin.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver. They are kept as a store of value or an investment rather than used in day-to-day commerce. [1]
For the 2017 Canada 150 series, the Royal Canadian Mint held a contest titled My Canada, My Inspiration [12] to determine the reverse designs of the five circulating coins. The 50-cent coin would contain the Canadian Coat of Arms on the reverse, with the Canada 150 logo, designed by Ariana Cuvin, on the obverse, replacing Queen Elizabeth II. [13]
Though typically not measured by pounds, seeing as 12 troy ounces equals a troy pound, and taking the current value of an ounce of gold as of Oct. 26, 2023, into account, a 1-pound gold bar would ...
The Royal Canadian Mint's 1-ounce gold maple leaf coin was launched in 1979, and the 1-ounce silver maple leaf and 1-ounce platinum maple leaf coins were launched in 1988. [ 9 ] In May 2007, the mint produced the world's first and only 99.999% pure gold maple leaf bullion (GML) coins.
A troy ounce equals 1.097 standard ounces, or about 10 percent more, and it’s the standard measure for the weight of gold. A pound is equal to 16 standard ounces, so even a small amount of gold ...
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