Important News! CoinLink has merged..... Visit our NEW Site www.CoinWeek.com

BREAKING NEWS:....... Vist Our NEW Site at CoinWeek.com

All Posts Tagged With: "Canadian Mint"

New Collector Coins from The Royal Canadian Mint

The Royal Canadian Mint is proud to demonstrate its skill and craftsmanship with a new selection of precious metal collector coins celebrating symbols of Canadian heritage ranging from prehistory to heraldry. These new collector products include a $300 platinum coin featuring the giant prehistoric ground sloth, a $300 gold New Brunswick Coat of Arms coin and extra-thick “Piedfort” pure gold and silver Maple Leaf coins.

“The Royal Canadian Mint values the role its collector coins play in showcasing Canada’s vast heritage through precious and unforgettable works of art and craftsmanship,” said Ian E. Bennett, President and CEO of the Royal Canadian Mint.

“Collectors from Canada and around the world will find that the Mint’s newest collector coins honour the tradition of celebrating Canada’s defining features through keepsakes of uncompromising quality”.

The following are descriptions of the products now available to collectors and gift givers worldwide.

2010 $10 1/5-OZ PURE GOLD AND 2010 $5 1-OZ PURE SILVER PIEDFORT COINS – MAPLE LEAF

The Royal Canadian Mint is proud to celebrate its expertise and artistry in the field of precious metal refining and manufacturing with a pair of pure gold and silver “Piedfort” coins whose exceptional thickness distinguishes them from ordinary coins and makes them spectacular gifts or collectibles for those with an eye for the exclusive.

Both the $10 1/5 oz. 99.999% pure gold coin -the Mint’s first gold Piedfort, and the 1 oz. 99.99% pure silver coin -only the second of these coins the Mint has produced in silver, feature the iconic maple leaf, long symbolic of the Mint’s leadership of the world bullion industry. Only 3,000 1/5 oz. coins of 99.999% pure gold and 9,000 silver one-ounce coins of 99.99% purity are being made available in this exciting release.

The entire mintage of 99.999% pure gold coins Piedfort coin is offered as part of a set including the 99.99% pure silver Piedfort coin, retailing at $679.95 CAD. Another 6,000 individual silver Piedfort coins are being offered at $79.95 CAD each.

2010 $300 PLATINUM COIN — GROUND SLOTH

The fourth issue in the Mint’s exclusive Prehistoric Animals Collection of 9995 fine platinum coins features the gigantic Jefferson’s Ground Sloth, so called after the third President of the United States of America donated, in 1797, the first fossil specimens found in North America to Philadelphia’s American Philosophical Society. The tradition of showcasing the fascinating animals which roamed ancient Canada continues on this precious Mint coin containing a full ounce of pure platinum. Like the rare bones of the creature it immortalizes, this platinum coin has been made in very low quantities, with a worldwide mintage of only 200 examples. Designed by Alberta artist Kerri Burnett, this coin retails for $2,999.95 CAD.

(more…)

220 Pound Gold Coin “Disappoints” And Only Sells For $4.02 Million

The Vienna auction house Dorotheum has sold the world’s largest gold coin, a Canadian Maple Leaf manufactured by the Royal Canadian Mint in 2007. It is listed in the Guinness Book of World Records and carries a face value of one million Canadian dollars (800,000 euros, 970,000 US dollars) measuring 53 centimetres (21 inches) in diameter and weighing 100 kilograms (220 pounds).

According to the Wall Street Journal,The coin was sold as part of the liquidation of the assets of bankrupt Austrian investment firm AvW Group, founded by Wolfgang Auer von Welsbach, the great-grandson of a 19th century Austrian nobleman and industrialist who invented the lighter flint and gas mantle.

Mr. von Welsbach is in police custody and faces possible charges of embezzlement and fraud in connection with the company’s collapse.

AvW had acquired the coin in 2007, joining an exclusive club of owners including Queen Elizabeth, who is also displayed on one side of the coin, two unidentified investors in Dubai and one who is so reclusive even his or her residence is unknown.

The bidding started at 3.27 million euros, with Oro Direct, a Spanish gold-trading firm being the lone bidder. It is reported that up to 8 different bidders had registered but no counter bids were made. The auction room was packed with more journalists than potential buyers.

The auction price disappointed Michael Beckers, Dorotheum’s coin expert who oversaw the sale. He had predicted that the price could go as high as €4 million “on a good day”.

“I’m a little disappointed. I had hoped and expected to achieve more,” he said, minutes after the hammer fell.

The Royal Canadian Mint manufactured and launched the coin in 2007 to showcase its production facilities and steal the entry in the Guinness Book of Records for the world’s biggest gold coin.

That title had previously been held by the Austrian mint, who in 2004 produced fifteen 100,000-euro coins weighing 1,000 troy ounces (31.1 kg) to celebrate the 15th anniversary of its best-selling Philharmonics coin.

Valencia-based Oro Direct’s managing director Michael Berger said his firm intends to use the coin in its marketing efforts, .

“We believe in gold, and therefore also believe we have made a great investment. We believe that going forward, gold will offer the only real safe haven in this uncertain economic environment,”

Coin Profile : Royal Canadian Mint 5-Oz Gold Coin – 75th Anniversary of the First Bank Notes (2010)

A reproduction of the allegory that appeared on the original 1935 $500 bank note

[ CoinLink News ] At a time when so many new coin releases exhibit such uninspired design, we can across this incredible beauty being offered by the Canadian Mint in a Limited Mintage of 200 pieces.

Perhaps we have just “classical” taste for the rich allegorical figures of yesteryear which seems to impart an importance to the design, or it may be that the “clip art” mentality exhibited on most modern coins just leaves us cold. In any case, this 5 oz gold just struck a cord, and provides us with a reminder of what exceptional coinage could, and should look like.

The design is a reproduction of the allegory that appeared on the original 1935 $500 bank note; a seated woman holding a sickle surrounded by the fruits of harvest to symbolize fertility.

This is the fourth time that the Mint has produced a 5oz gold coin. Previous issues: 2007 – Queen’s 60th Wedding Anniversary, 2008 – 100th Anniversary of the Royal Canadian Mint and 2009 – 150th Ann. of beginning of Construction of Parliament Buildings.

Theme:
The Bank of Canada began operating 75 years ago in 1935 and was given responsibility to regulate the country’s money supply and to “promote the economic and financial welfare of Canada.” Accordingly, it was given the exclusive right to issue Canada’s bank notes. On March 11, 1935, the Bank of Canada issued its first series of bank notes.

The inaugural series of 1935 included denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. (A $25 note was issued later in 1935 to commemorate the silver jubilee of King George V).

The front of the notes featured a portrait of a member of the royal family or of a former Canadian prime minister while allegorical figures representing Canada’s growing agricultural, industrial and commercial prosperity appeared on the back. Each denomination was available in English or French, a practice that ended with the introduction of bilingual notes in 1937.

(more…)

The Vancouver 2010 Winter Games Athlete Medals

ca_vancover_gold_metalAs unique as the world’s top athletes and their awe-inspiring performances, every medal won at the Vancouver 2010 Olympic and Paralympic Winter Games will be a one-of-a-kind work of art. The medals, revealed today, each feature a different crop of larger contemporary Aboriginal artworks and are undulating rather than flat – both firsts in Games history.

An all-Canadian achievement, the Vancouver 2010 Olympic and Paralympic Winter Games athlete medals are the product of the Royal Canadian Mint’s close collaboration with the Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) and metal supplier Teck Resources Limited. Thirty-four Mint engineers, engravers, die technicians, machinists and production experts have combined forces to create an unforgettable series of athlete medals.

The radically undulating face of the medals, evoking the iconic sea and mountains of the Vancouver- Whistler landscape, is the boldest evidence of ground-breaking creative and technical achievement writing a new chapter in the history of the Olympic and Paralympic Games medals. As powerful tributes to the performances of the Olympic and Paralympic Games athletes who will receive them, the athlete medals establish several milestones:

  • at 500 to 576 grams each, they are among the heaviest in Games history;
  • with totally unique designs, no two medals are alike; and
  • laser etching was used to flawlessly reproduce the unique, West Coast First Nations designs on the undulating surface of the medals.

From its Ottawa facility, the Mint produced all 615 gold, silver and bronze medals for Olympic Winter Games athletes, as well as the 399 athlete medals for Paralympic Winter Games competition. It took one year of planning, innovation and prototype development to finally bring the ambitious design of the athlete medals to life and proceed with the production phase. Thirty steps, representing 2,817 (402 days) hours of precision manufacturing, were taken to produce the medals. This complex process required:
(more…)