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Yesterday, The Royal Canadian Mint launched a new addition to the Canadian coin family with the 1 million dollar coin. The coin, of course, has a face value of $1 000 000.00 CAD and is made of pure gold. The coin tops the scales at 100 kilograms, which is three times larger than its closest “rival” which was made to the honor of the Vienna Philharmonic Orchestra. The coin is in fact worth approximately double its face value since gold is valued at $683.30 per ounce. The coin is said to be 99.999% pure.

This coin will be produced in extremely low quantity and a U.S. precious metals distributor has ordered three and there is interest in Asia and Europe, the mint said.