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Not quite suitable for circulation, a 10-kilo gold coin goes on sale at PDAC

by Greg Klein | March 2, 2020

Not quite suitable for circulation, a 10-kilo gold coin goes on sale at PDAC

The obverse shows Susanna Blunt’s
familiar 2003 depiction of the Queen.
(Images: Royal Canadian Mint)

It seems that neither plague nor protests can stifle the extravagance of PDAC proclamations. This year the Royal Canadian Mint gets in the spirit by flogging a new issue it calls “the largest gold Maple Leaf coin ever made.” Like a lot of convention floor talk, that’s sort of true. But the Mint did strike an earlier, $1-million gold Maple Leaf of 100 kilograms, 10 times the weight of the latest release.

The 100-kilo coin, however, displayed a one-off image of the Mint’s silver maple design, explained public affairs manager Alex Reeves. What’s “largest” about the new 99.999% coin is the Walter Ott-designed sugar maple image found on the more common one-ounce bullion coins. As such, it’s “an exclusive expression of one of the world’s most admired and coveted gold coins,” said president/CEO Marie Lemay.

Only 10 will be available. With a face value of $100,000, the actual price will be “based on a combination of the gold market rate at the time of purchase, plus a premium for manufacturing and a very low mintage.” Drop by PDAC booth #3348 for more info and a first-hand look.

Presumably security will be stronger than that of Berlin’s Bode Museum, which in 2017 managed to lose a million-dollar Maple Leaf (actually worth about US$4.3 million) to a gang of bandits. Last month three men including a security guard received prison sentences for the theft. Never recovered, the coin was cut up and melted, investigators believe.

Read more about the Royal Canadian Mint here and here.

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