Royal Canadian Mint Releases Coins Celebrating Canada’s 150th Anniversary

 

2017 $10 Fine Silver Coin - Celebrating Canada's 150th - Wild Swift Fox and Pups_ReverseThe Royal Canadian Mint is a favorite coin producer for precious metals investors. Many prefer the Mint’s 24k gold offerings or maybe the .9999 silver bullion. To investor delight, the Royal Canadian Mint unveiled its fourth numismatic line for 2017.

Of note, the Mint celebrates Canada’s 150th anniversary in this line, including an ultra-high relief 10 oz fine silver coin featuring the 1867 Confederation Medal and an obverse of Their Majesties Queen Victoria and Queen Elizabeth II. The new line of coins celebrating Canada’s 150th anniversary even features fireworks that light up!



Another 2017 $10 Fine Silver Coin – Celebrating Canada’s 150th: Wild Swift Fox and Pups, features the photography of Saskatchewan’s John E. Marriott.

The 2017 $5 Fine Silver Coin was designed by Tony Bianco and features a traditional Canada Day fireworks display surrounding a colored Canadian flag.

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The fireworks will light up thanks to the inclusion of glow-in-the-dark technology.

World’s Second-Largest Gold Coin Stolen from Berlin Museum

Thieves in Berlin stole the world’s second-largest gold coin from a Berlin museum using a rope, a foldout ladder and a wheelbarrow. The heist took place right by Angela Merkel’s inner-city apartment, to boot. 

Related: The IMF Says Donald Trump is Good for the American Economy



The Big Maple Leaf coin is one of five such gold commemorative coins made by the Royal Canadian Mint in 2007. They weigh 100kg, and their diameter is 53cm and a thickness of 3cm. Its value is estimated at nearly €3.8m (£3.3m).

The coin was on loan to the Bode Museum from a private collection of a German property investor. The coin was at one time the heaviest on the planet. The “Australian Kangaroo One Tonne” gold coin in 2011.  The Big Maple Leaf has been on display at the museum since 2010, encased in a bullet proof cabinet at the museum on Berlin’s museum island, located along the Spree river in the Mitte district. On the walls outside the museum in neo-baroque design advertised its current show Muse macht Moneten (or “Be creative and get rich”).

Between 3:20am and 3:45am, two thieves entered the museum via the third-floor window at the back of the 113-year-old building.  The placed a ladder on elevated tracks on S1 railway between the last train on Sunday and Monday morning.

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The window led the thieves into the security guards’ changing room. They smashed their way into the bulletproof cabinet with a tool like a sledgehammer and used the same route to get out with the coin. The thieves used a wheelbarrow to push the coin 100 meters along the tracks and across a bridge over the river to Monbijou Park, where they dropped the coin while abseiling down to the ground.

They then entered their getaway car. A burnt-out Mercedes found in a parking garage might be related to the theft, but police had yet to confirm this.

A member of Bode Museum’s security staff noticed at 4am. Police are unsure how such a high-end heist could be pulled off so easily.

“Some elements of this story raise questions, and we are currently asking those questions,” police spokesperson Winfried Wenzel said.

Angela Merkel’s apartment is only a “stone’s throw” from the window through which the thieves entered. CCTV cameras and the security system may have been disabled.  Police were using footage from nearby stations and municipal buildings.

Many believe the coin has already been melted down, an act police call “hardly insurmountable in technical and logistical terms”.

The gold, at melt value, is currently worth  $4,300,000.

Images: Royal Canadian Mint, Express

Royal Canadian Mint Releases Latest Coins in Gold and Silver Bullion Series

The Royal Canadian Mint (RCM) has made a splash in the silver and gold investment community as late with many of their limited mintage bullion coins, such as the Wildlife Series and others, including the Birds Of Prey silver bullion coins and the Call of the Wild gold bullion coins, the latest coins of which were recently released. (more…)

American Gold Eagle Bullion Sales Decline

[heading]American Gold Eagle Bullion Sales Decline[/heading]

September is the second month in a row in which American Gold Eagle coins sold much fewer compared to one year ago. At the beginning of August, one month sales of the Gold Eagle reached a six year nadir.

Despite weakness in gold coin sales, the American Silver Eagle bullion coin has continued to sell and remains on pace for record annual sales. (more…)

Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now

[heading]Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now[/heading]

I spend a lot of time thinking about in which frontier markets Bitcoin is going to explode and really change the game of value. What grand equation can I concoct in favor of Bitcoin’s success somewhere? Not that I am trying to make things up as I go, I am just trying to be hip. But, I thought about something Wendy McElroy from The Dollar Vigilante wrote recently:

 Simplify, simplify.” — Henry David Thoreau

(more…)

The Illusion Of Tangible Assets

[heading]The Illusion Of Tangible Assets[/heading]

Gold and silver investors have taken issue with Bitcoin, claiming that it is not a tangible asset, like gold and silver.

Their hypothesis is usually stooped in the notion that anything is truly “physical” as we perceive it in the first place. What if, counter-intuitively, the entire universe was composed of 0’s and 1’s itself? What if the universe was digital? Wouldn’t that mean that gold, silver, platinum and palladium are all, in fact, digital as well? (more…)

Why I Donated Bitcoin To The Acapulco Recovery Fund

[heading]Why I Donated Bitcoin To The Acapulco Recovery Fund[/heading]

By: Justin

When The Dollar Vigilante Jeff Berwick setup a fund to help Acapulco recover from a recent flood-disaster in which eastern regions of the historic city were badly damaged, if not nearly destroyed, I felt implored to send a little bit of my digital cash reserves to aid in the effort. I wasn’t the only one.

I had been chewing on the notion as of late that, in a peer-to-peer economy, such as what Bitcoin represents, the users themselves represented the “social safety net.” (more…)

Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin?

[heading]Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin[/heading]

BitPay recently announced their 10,000th merchant. Some reports posit the Bitcoin payment processor is growing faster than Bitcoin itself.

According to the press release, “The merchants in BitPay’s directory are diverse internationally, with approximately 50% located in North America, 25% in Europe, and 25% in the rest of the world.”


GoldSilverBitcoin recently interviewed small business owners who have yet to take the leap into the deep-end and accept Bitcoin full-time.

What we got were varied answers. There was one somewhat common theme: vendors who simply hadn’t heard of processors like BitPay or CoinBase, which allow small businesses to convert their bitcoins to cash within a few business days. Many small business owners worried about their company’s cash-flow, first and foremost. Others worried about reputation, and the reputation Bitcoin brings. (more…)

American Silver Eagles Second Highest Sales Yearly

[heading]American Silver Eagles Second Highest Sales Yearly[/heading]

This past Monday, 675,000 Silver Eagles were purchased, marking one more milestone as their total this year sold has hit 34,925,000. Annual sales rankings for the bullion coins sees 2013 in second place all-time. Here are the top five annual sales years, and further information by CoinNews: (more…)

“Ben Bernanke? Oh yeah, that bearded Jewish Guy. What’s He Do?” or The Stage That Is Economic Policy

[heading]”Ben Bernanke? Oh yeah, that bearded Jewish Guy. What’s He Do?” or The Stage That Is Economic Policy[/heading]

By: Justin

Ben Bernanke spoke today. If you don’t know who Ben Bernanke is, he is the Fed Chairman. What’s that? That’s what Alan Greenspan was before him. Yeah, we’ll get a new one soon.

When Benny & his jets (colloquial reference to his money-printing habits) speaks, the market listens.

What does it mean when the market listens?

It means that everyone gathers around television cameras and pundit typewriters and yells or types really loud and eventually certain screams and typing become louder (EVEN ALL CAPS). And then the robots take over. (more…)