The price of precious metals is always an interesting topic for those that care about those things. However, today I wanted to talk about our friends to the north and their mint, including gold coins! There may be some facts about the Canadian mint you didn't know!
Royal Canadian Mint
The Royal Canadian Mint is responsible for the production of all of Canada’s coinage (as well as some for other countries, like New Zealand and Papua New Guinea). Aside from the typical circulation coins, the Mint is known to produce a vast array of collector coins, not limited to glow-in-the-dark dinosaur versions. While all these novelty coins are technically legal tender, it is up to the individual bank or business whether they want to accept them or not. In 2007, they unveiled their most impressive model yet, a 100-kilogram (220-lb) gold bullion coin about the circumference of a large pizza. It boasts a face value of one million dollars, but at more than 99 percent pure gold, it is actually worth well over three million dollars at current trading rates.
I don't know about you, but I don't have big enough pockets to carry around a coin like that. Even if I had one, where would I spend it?
How about we have our coffee out on the patio this morning? It's only supposed to reach 97 today!