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Canada Unveils
Million-Dollar
Gold Coin


Weighing in at 100 kilograms (220.5 pounds), the limited edition coin easily
dwarfs its closest rival, the 31-kg (68-pound) "Big Phil", which was made
to honour the Vienna Philharmonic Orchestra and has a face value of a
mere 100,000 euros (U.S. $136,000).

The Canadian mint introduced the mega-coin, which is the size of an extra-
large pizza, alongside the one-ounce gold bullion coins it is mass
producing at its Ottawa plant.

Originally designed to promote the new one-ounce coins, the colossal 100-
kg coins will be produced in a very limited quantity.

A U.S. precious metals distributor has ordered three and there is interest in
Asia and Europe, the mint said.

At 53 centimetres (21 inches) in diameter and over 3 cm (1.2 inches) thick,
the massive coins need a high level of hand crafting.

While it has a C$1 million face value, the coin is worth more than twice that
amount — about $U.S. 2.4 million — given the current gold price of $U.S.
686.90 an ounce.