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Cryptocurrency News Articles
Royal Canadian Mint Issues Second Single-Mine Gold Maple Leaf Bullion Coin
Oct 09, 2024 at 05:05 am
Members of Costco Canada had the first opportunity to acquire one of the world’s most popular 1-ounce pure gold bullion coins, sourced and refined under the industry’s strictest segregation protocols.
The Royal Canadian Mint has unveiled its newest gold Maple Leaf bullion coin, sourced entirely from a single Canadian mine. Members of Costco Canada will be the first to get their hands on this highly anticipated coin.
Set to launch Sept. 20, the 2024 Maple Leaf Single Mine 1-ounce .9999 fine gold $50 bullion coin is composed entirely of gold from Agnico Eagle’s Detour Lake mine in northern Ontario. The coin will be available at select Costco stores across Canada, as well as online at www.costco.ca.
The reverse of the coin features Walter Ott’s engraving of a sugar maple leaf, which is the hallmark of the RCM’s Maple Leaf family of bullion coins. This central design is also surrounded by an array of precisely machined radial lines. Beneath it appears a micro-engraved maple leaf-shaped security mark containing an engraved number 24, visible only under magnification, denoting the coin’s year of issue. Adjacent to the security feature is a privy mark of a hand cradling a globe, symbolizing the single-source origin of the coin’s 99.99% pure gold. The coin is also protected by Bullion DNA, a trademarked technology.
The obverse features the effigy of King Charles III, designed by Canadian artist Steven Rosati. This gold bullion coin is encapsulated in credit card-style packaging that includes a certificate of purity and authenticity signed by the RCM’s chief assayer.
“Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint’s single-source mined gold bullion coin,” said Ammar Al-Joundi, President and CEO of Agnico Eagle Mines, in a press release. “After one from Meliadine in 2022, this is the second single mine gold bullion coin produced entirely from gold out of an Agnico Eagle operation.”
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