The Royal Canadian Mint is headquartered in Ottawa, Ontario. (pictured below, right)
At this location, the Mint produces all precious metals bullion in the form of Canadian bullion coins, numismatic (collector) coins, bars, wafers, grains, medals and medallions.
In 1982, the refinery at Ottawa became the world's first to produce .9999 gold bullion coins.
The Ottawa location also designs and tools the dies for striking all of the coins mentioned above and for circulation.
The Royal Canadian Mint's Winnipeg mint produces all of Canada's circulated coins. (pictured below, left)
The Royal Canadian Mint opened the Winnipeg Manufacturing plant in 1976, after its main location in Ottawa was manufacturing coins at full capacity.
The 59,000 square-foot manufacturing plant instills the Mint's history of expertise, with technological innovation.
The Royal Canadian Mint is globally known for their technological
innovation and attention to detail.
The mint is known for its achievements in technology which include the following:
• Patented, cost-saving plated coin technology
• Patented locking mechanism for high-security bi-metallic coinage
• Patents pending for colored coin technology, hologram technology, and silver and gold refining processes.
The Mint was also the first to refine a ".9999 Gold Canadian bullion coin, with only 100 parts per million of impurity.
In 1999, the Royal Canadian Mint made refind the .99999 (five 9's) Gold bullion coin, with only 10 parts per million of impurity.
After the Royal Canadian Mint achieved the .99999 gold purity milestone, they announced their accomplishment with a "Million Dollar Coin."
The Canadian bullion coin has a weight of 100kg or 3,215 troy ounces.
When the coin was created, the Mint originally conceived it to be a "one of a kind" bullion coin, as a unique showpiece.
However, several well-financed investors came forward and showed
interest in owning one of these "one of a kind," gold bullion coins.
To date, five of the .99999, 100 Kilogram Gold bullion coins have been
purchased from the RCM (Royal Canadian Mint).
In addition, since 2007 the Mint has produced a one-ounce version of the five 9's coin to commemorate its purity achievement.
The Royal Canadian Mint (RCM) started minting coins on January 2, 1908.
During the opening ceremony for the RCM, the Governor General of Canada, Earl Grey, activated the press and struck Canada's first domestically produced coin, a fifty-cent piece.
Before the end of the opening ceremony, the Countess Grey struck
Canada's first bronze cent, signifying, the Ottawa branch of Britain's
Royal Mint was officially open.
The opening of the Royal Canadian Mint followed the gold rush in British Columbia and the Yukon.
The British government needed a refinery to bring gold ore up to coinage standards.
The RCM carried out its services to the British Empire throughout World War I, Britain used the mint to pay its debts, to other countries.
In 1931, the RCM was passed into Canadian hands, making the RCM a wholly owned Canadian institution.
The Royal Canadian Mint is a Canadian Crown Corporation and operates
under the Royal Canadian Mint Act, the Crown Corporation is fully owned by the Canadian Government.
The "Face Value" of a bullion coin, does not represent the "Real Value" of the gold, silver, platinum or palladium Canadian bullion coins.
Canadian Bullion Coins are bought and sold based on the current market spot price of gold, silver, platinum or palladium, plus a small premium to cover minting, handling, distribution, and marketing costs.
It is important to note that like many other World Mints, the Royal
Canadian Mint does not sell bullion directly to the public.
Since the introduction of its first gold bullion coin in 1979, the RCM only sells bullion in large volumes to a global network of bullion distributors,
who have the required infrastructure to sell and buy back bullion on a
Source: The Royal Canadian Mint
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