2018-06-29 Fri

The Royal Canadian Mint released its first collectible coin made out of gold from Nunavut. The reverse features animals like a walrus, ptarmigan, polar bear, bowhead whale and narwhal inside an outline of a maple leaf. The blanks used for striking these 1/10 oz 99.99% pure gold coins are thinner and wider. However, the relief is similar, providing a bigger canvas for the designs. The obverse features a portrait of Queen Elizabeth II. The coin has been released to celebrate Nunavut’s 20th anniversary. Talented people from Nunavut have contributed greatly towards Canada's development and have become an integral part of Canada’s culture.

Gold used for striking the coins is taken from the TMAC Resources’ mine at Hope Bay and by Agnico Eagle Mines’ Meadowbank mine, Nunavut. The $20 gold coin called Symbols of the North has a mintage limit of 1,500 and can be purchased for $359 CAD.

Image Courtesy: Royal Canadian Mint