Home Gold Coins blog One twenty-fifth of an ounce coin?
One twenty-fifth of an ounce coin? PDF Print E-mail

And you thought tenth ounce gold coins were small: the Royal Canadian Mint has responded recently to the rising price of gold by issuing tiny one-twenty-fifth of an ounce gold coins, with the Queen's head on the obverse, geese on the reverse and a nominal value of fifty cents: Royal Canadian Mint.

Surprisingly (to me) the tiny gold coin has received a lot of positive feedback, due to its high production value and fine details, though some purchasers are 'surprised by its size'. I suppose they mean its lack of size. I imagine collectors will be keeping the coin in its nice little case to avoid losing it too easily.

As another straw in the wind, this coin implies that the Royal Canadian Mint believes the price of gold will remain very high, and these will be a market for such coins, which are of course less frightening to buy in terms of dollars spent.

 

 
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