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Canada planning $1 million gold coin the size of a pizza
Michigan
Posts: 4,942 ✭
Yeah, I know this is from the dark side but is too interesting not to share with US collectors.
You'd need mighty deep pockets to jingle the new coins planned by the Royal Canadian Mint: Canada's official money-maker wants to stamp out a $1-million coin.
Coin experts say it would likely be made of gold, be the size of a pizza and be extremely heavy. Some numismatists wonder if it would be a good idea.
The federal cabinet passed an order earlier this month at the recommendation of the transport minister allowing the mint to stamp out the non-circulation coins.
The editor of Canadian Coin News, Bret Evans, said if it goes forward it would be the first of its kind in the world, the mint's attempt to create a record-breaking coin.
"The coin becomes an event," Evans said. "It's purely being done to get attention. To throw something on the market, to make a statement which is, 'Here we are.'"
There's no word on how many coins the mint is looking at stamping out. Mint officials acknowledge they have permission to make a $1-million coin, but will not comment beyond that.
Coin experts are talking, though, and among those questioning the project is Regina dealer George Manz, who wonders who would buy the mint's mega-loonie.
"The people that I know, if they're going to go and spend $1 million on a coin, they want something that is extremely rare," he said.
On the other hand, Evans notes that the last time such a special coin was made — €100,000 from Austria — all 15 sold out in less than a month.
The $1-million loonie, he figures, would weigh around 100 kilograms — about the weight of a typical hockey player.
You'd need mighty deep pockets to jingle the new coins planned by the Royal Canadian Mint: Canada's official money-maker wants to stamp out a $1-million coin.
Coin experts say it would likely be made of gold, be the size of a pizza and be extremely heavy. Some numismatists wonder if it would be a good idea.
The federal cabinet passed an order earlier this month at the recommendation of the transport minister allowing the mint to stamp out the non-circulation coins.
The editor of Canadian Coin News, Bret Evans, said if it goes forward it would be the first of its kind in the world, the mint's attempt to create a record-breaking coin.
"The coin becomes an event," Evans said. "It's purely being done to get attention. To throw something on the market, to make a statement which is, 'Here we are.'"
There's no word on how many coins the mint is looking at stamping out. Mint officials acknowledge they have permission to make a $1-million coin, but will not comment beyond that.
Coin experts are talking, though, and among those questioning the project is Regina dealer George Manz, who wonders who would buy the mint's mega-loonie.
"The people that I know, if they're going to go and spend $1 million on a coin, they want something that is extremely rare," he said.
On the other hand, Evans notes that the last time such a special coin was made — €100,000 from Austria — all 15 sold out in less than a month.
The $1-million loonie, he figures, would weigh around 100 kilograms — about the weight of a typical hockey player.
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Comments
<< <i>MMmmmm.... pizza.... >>
Can I get the gold pizza without anchovies?????
"You've tried the rest, now try the best"
Only bullionaires will be able to afford it.
If you drop it, it breaks into slices.
China is already selling counterfeits on Ebay.
It comes with a person to help you carry it around.
Proud recipient of two "You Suck" awards
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Fold it?
Camelot
If you have to ask where you're going to store it, you can't afford it.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
An authorized PCGS dealer, and a contributor to the Red Book.
<< <i>Let me guess: very limited mintage, sells out the first hour, PCGS wants them delivered in unopened boxes for slabbing, big delivery of pizza-box sized slabs to PCGS, all the buyers try to flip them on eBay for big profits.
It's a no brainer - I can just see all the Pizza threads now....
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
They said the same thing about Pan Pac sets in 1915.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Let me guess: very limited mintage, sells out the first hour, PCGS wants them delivered in unopened boxes for slabbing, big delivery of pizza-box sized slabs to PCGS, all the buyers try to flip them on eBay for big profits.
But what if you buy an original roll, and only want five of them slabbed???
<< <i>Coins & Pizza, I but Laura will be all over that!!!! >>
There's a Freudian slip if I ever heard one........
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Not sure it would be the first, I seem to remember something about a Vienna gold coin the size of a poker table.
I think that was a mere ten kilos.
TD
<< <i>Can you imagine, it's 2 AM and you got the munchies, you mistakenly dial the RCM instead of Dominos, and three of these coins are delivered to your door in 20 minutes... >>
Buy two or more and you get a free two-liter bottle of Coke.
You guys probalbly know this but I found it interesting. A 14.2 in cube of gold weighs 1 ton
<< <i>
<< <i>Can you imagine, it's 2 AM and you got the munchies, you mistakenly dial the RCM instead of Dominos, and three of these coins are delivered to your door in 20 minutes... >>
Buy two or more and you get a free two-liter bottle of Coke. >>
actually they are giving away a free cup of coffee from Tim Hortons if you buy two
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
<< <i>No donuts? >>
settle for a bagel with cream cheese, eh ?
https://acoinshop.com/ —-> https://ebay.us/m/KxolR5
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>What happens when the price of gold plummets and the coin is worth more at face value; do you spend it, and where would you be able to spend it? >>
They are making special arrangements for the souvenir stand at Maple Leaf Gardens to take them.
<< <i>Canada planning $1 million gold coin the size of a pizza >>
Great, now someone needs to make a pizza the size of a coin.
San Diego, CA
<< <i>A million dollar in gold would only weight around 44kg, and less if it is Canadian Dollars, the #'s don't add up.
Well, the current ounce is denominated as $50 Canadien, so I don't think the precise face value is too relevant.
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Mad Mad Marty......the thread started just as I sat down to a half of a pepperoni pizza from Soprafina's over on Dearborn, and I was inspired.........
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Which reminds me, if one of the coins developed one of those dreaded red spots, can we call it a "Pepperoni Spot??????"
.
Spock out
a one hundred billion dollar denomination and they could retire the national debt.
Dennis
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<< <i>Because of its ultra low mintage, and distinct design it will one day be recognized as a classic rarity and be desired by type collectors as well.
Yeh, but its Canadian so it would still be worth bullion.
<< <i>Isn't it a bit too early for April 1 jokes?
Dennis >>
It's not a joke.
Camelot
<< <i>brings new meaning to "pieces of eight"
In the words of the famous philosopher Yogi Berra who when asked whether he wanted his pizza cut into six or eight slices, "Better make it six, I don't think I could eat eight."
An authorized PCGS dealer, and a contributor to the Red Book.
Tyler
roadrunner
–John Adams, 1826