Monday, May 07, 2007

Canada Unveils Million Dollar Coin

The Royal Canadian Mint has unveiled the world's first 100 kilogram pure gold coin.
Listed as 99.999 per cent pure gold bullion, the new pizza-size coin is mainly a promotional product to give the mint a higher international profile. The 100-kilogram coin was conceived as a showpiece to promote the mint's new line of 99.999 per cent pure one ounce Gold Maple Leaf bullion coins.

That extra nine makes it slightly purer than the 99.99 per cent gold coins offered by competitors.

The coin, which has not been named yet, will be sold as a limited time offer and will be made to order so there'll be no inventory to carry or to melt down if there's unsold stock.

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