2019-06-27 Thu

The Royal Canadian Mint released a new collector coin to celebrate the 20th anniversary of the Nunavut Territory. The coin is struck on 99.99% pure gold that’s sourced from the same territory. It features the famous drummer design that was created by Germaine Arnaktauyok in 1999 for a special $2 circulation coin that was released when the territory was officially formed. The drummer is wearing traditional arctic warm clothing and holding instruments in his hands.

Gold from Agnico Eagle Mines' Meadowbank mine and TMAC Resources' mine at Hope Bay has been used to produce the coins. Just like the first Canadian coins that were issued using gold sourced from Nunavut in 2018, the latest 1/10 oz gold coin is also struck on a thin, yet wide blank. The obverse side depicts an effigy of Queen Elizabeth II designed by Susanna Blunt. The coins have a mintage limit of 1,500 pieces and can be purchased for $359.95 each.

Image Courtesy: The Royal Canadian Mint