Canadian Mint Million Dollar Gold Coin
Seen any million dollar gold coins lately? If you haven’t that’s probably because there is only one in existence and it is actually worth way more than 1 million dollars. Plus it may be a little hard to carry since it weighs about 220 pounds.
A few years ago, the Royal Canadian Mint added a new coin to their collection in 2007 that is very rare indeed. The only coin of its kind, this one is valued at more than 455,000 pounds, or $1 million Canadian Dollars. It’s easily the world’s biggest, purest, and highest denomination coin in existence. It weighs more than 220.5 pounds, and its closest rival is the 60 pound “Big Phil” commemorative coin that was minted in Austria to commemorate the anniversary of the Vienna Philharmonic Orchestra. The coin is about the size of an extra large pizza, and was introduced along with the one-ounce bullion coins that are being mass produced to model the giant currency.
The coin was originally designed as a promotional item, but it has since been decided that the coins will be produced further, but in limited quantities. The U.S. has one precious metals distributor that wants three copies of the coin, and Asia and Europe are also expressing an interest in the coin. The coin is 53 centimeters in diameter, and more than 3 centimeters thick, which requires a lot of skilled handiwork to create something this monstrous. The face value of the coin is at $1 million Canadian, but not surprisingly because of the increase in the price of gold in the last 3 years, the coin is worth far more. The price of gold per ounce leaves the coin worth at least triple that amount or more depending on the day that gold prices are checked.