All of Canada’s circulation coins are produced by the Royal Canadian Mint. This Crown corporation manufactures and designs collector coins including silver, platinum, gold and palladium bullion coins, customized tokens, medals, trade dollar watches and high end jewelries that feature coin designs. It also offers silver and gold refinery as well as assay services. The mint operates under the governmental foundation of the Royal Canadian Mint statute. All dues in Canada are theoretically issued with the influence of the Canadian sovereign. However, all acts are overseen by the CEO and the President or the Master of the Mint, who then reports to the Board of Directors that were selected by the Public Works and Government Services’ minister.
The Royal Canadian Mint has been at the vanguard of currency innovation. Some of its technical innovations include its plating process that comprises of a multiply technology which enables electromagnetic signatures to be entrenched in the coins, ensuring readability as well as novelty in coin processing sectors. Another novelty is the 2004 Remembrance Day 25 cents piece that was considered as the globe's first colored circulation coin. More innovation was attained with the modification of the PVD technology to glaze its dies, lengthening the die’s existence further than that of elapsed chrome-coated dies.
The International Olympic Committee and the mint have reached a settlement on Silver Maple Leaf and Olympic Gold coins in 2007. Both parties have agreed to permit the mint to hit bullion coins with the insignias and badges of the Olympic and Paralympic Games that will be held in 2010.
In 2008, Mediacorp Canada Inc. has named the Royal Canadian Mint as one of the Top 100 Employers in Canada. Several coinage have been produced by the Royal Canadian Mint for over 75 countries and these include Cuba’s centavos, Norway’s kroner, Yemen’s fils, Colombia’s pesos, Iceland’s kroner, Thailand’s baht, Indonesia’s rupiah and coins for Hong Kong. Other nations that are being served by the Royal Canadian Mint include Uganda, Barbados and New Zealand. Among the customer’s of this mint include central banks, governments and treasuries.
From 1980 up to 2005, the Royal Canadian Mint has produced about 52 billion coins for around 62 countries. And in 2007, it has unveiled the Gold Maple Leaf coin which has a face denomination of one million dollars. As a means of commemorating its 25 years of leading the bullion coin sector, it designed a unique six-coin set, which was the first to include the 1/25 ounce Maple Leaf denomination.
{ 3 comments… read them below or add one }
my grandmother owns some antique gold coins in her purse~~’
my grand father used to have those old Spanish gold coins in stock
These Royal Canadian Mint has had several series of hologram coins over recent years and I am really amazed by their designs.
{ 1 trackback }