The Million Dollar Coin
This article was originally written and submitted as part of a Canada 150 Project, the Innovation Storybook, to crowdsource stories of Canadian innovation with partners across Canada. The content has since been migrated to Ingenium’s Channel, a digital hub featuring curated content related to science, technology and innovation.
In 2007 the Royal Canadian Mint produced the world’s first million dollar coin. The 100 kg, 99999 pure gold bullion coin with a $1 million face value was originally conceived as a unique showpiece to promote the Mint’s new line of 99999 pure 1 oz Gold Maple Leaf bullion coins. After several interested buyers came forward, the Mint decided to make a very limited quantity available for sale. To date, five of these majestic gold bullion coins, weighing 3,215 troy ounces each, have been purchased by investors from Canada and abroad.
In October 2007, the Million Dollar Coin was certified by Guinness World Records to be the world’s largest gold coin. The coins are manufactured at the Mint’s Ottawa facility, where the Mint operates world-class gold and silver refineries, securely stores gold bullion and mints all Royal Canadian Mint gold bullion products and collector coins. The reverse features an elegant, hand-polished maple leaf design by Royal Canadian Mint artist and senior engraver Stan Witten, and the obverse bears the effigy of Her Majesty Queen Elizabeth II by celebrated Canadian portrait artist Susanna Blunt.