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The Royal Canadian Mint has produced the world's first 100-kilogram
gold coin with a face value of $1 million. And they're for sale.
Why did it do this? "Because we can!" the mint said on its website.
 The coin is the size of a "very thick pizza" — 50 centimetres wide and three centimetres thick — and is .99999 pure.
It was originally meant to be a one-off novelty item to help
promote the other gold coin the mint unveiled Thursday — a new line of
one-ounce Maple Leaf bullion coins that will have a face value of $200.
But after several interested buyers came forward, the mint decided
to produce "a very limited quantity" of the $1-million coins on a
made-to-order basis for public sale.
Even though the big coin has a face value of $1 million, it won't
sell for that. At current prices, the coin's 3,215 troy ounces of gold
are worth well over $2 million.
A mint spokesperson said the coins will sell for between $2.5
million and $3 million. So far, the mint has received confirmed orders
for five coins.
The Royal Canadian Mint faces international competition from a variety of other countries that also make gold coins.
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