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155 Comments
- BrainInAJar, on 10/12/2007, -32/+187"I'm pretty sure it's illegal to melt down coins"
Nope, in Canada we still have this thing called "freedom", so destroying money isn't illegal, just dumb - swrostmore, on 10/12/2007, -12/+129"A U.S. precious metals distributor has ordered three"
haha, they are just going to melt it down and sell the gold at cost! Easiest $3 mil. ever. - CurToast, on 10/12/2007, -3/+118If I ever get my hands on one of these, I know *exactly* what must be done.
"Welcome to McDonald's, may I take your order?"
"Yes, sir. Bring me ONE MILLION HASHBROWNS. *CLANK*" - eradicator, on 10/12/2007, -3/+94You'd have to be completely "loonie" to spend it!
- xtmno3, on 10/12/2007, -0/+62Worth of the gold: $2,410,682.40
(220.5 lbs * 16 oz/lb * $683.30 /oz according to the article)
DAMN! - CedEx, on 10/12/2007, -5/+56Also... they aren't sold at face value.
- CurToast, on 10/12/2007, -2/+51They do, but it's all in quarters. Invest in some heavily pocket'd pants.
- Sutarion, on 10/12/2007, -1/+39So where can I find a vending machine that will accept these?
I hope they offer change... - seandfeeney, on 10/12/2007, -2/+40Isn't this why they invented paper money?
- Easty, on 10/12/2007, -2/+37'Take a penny, leave a penny' trays just got interesting.
- directedition, on 10/12/2007, -5/+41Remind me, why do we still have the penny?
- Jason.Tapp, on 10/12/2007, -2/+37Guess you haven't checked the conversion in awhile 1 CAD = .903 USD
- danwallace, on 10/12/2007, -0/+34If stabbing random people occasionally yielded million dollar coins, I might be more inclined to join in the fun.
- tazx, on 10/12/2007, -1/+34@braininajar
http://www.canlii.org/ca/sta/c-52/whole.html
"11. (1) No person shall, except in accordance with a licence granted by the Minister, melt down, break up or use otherwise than as currency any coin that is current and legal tender in Canada.
(2) Every person who contravenes subsection (1) or any condition attached to a licence referred to in that subsection is liable on summary conviction to a fine not exceeding two hundred and fifty dollars or to imprisonment for a term not exceeding twelve months or to both, and, in addition to any fine or imprisonment imposed, the court may order that the articles by means of or in relation to which the offence was committed be forfeited to Her Majesty." - moosepile, on 10/12/2007, -2/+35It's a marketing gimmick.
The Canadian Mint is a forerunner on purity and gold refining. This is a brag.
A nice brag... - tmbrwolf19, on 10/12/2007, -1/+32@ BrainInaJar
Actually currency is considered Property of the Crown (since it bears the Queens image)... and I think its a chargeable offense to deface it, technically (could be wrong)... but honestly, no one really cares if you go burn a $20 (cause you're an idiot).
Besides, I am sure these retail for more then material value, they aren't cheap to make. So if anything, any dumb ass who tries to melt this sucker down is only going to shoot himself in his own wallet. - Draracle, on 10/12/2007, -1/+29No really... the mint doesn't sell non-circulation coins at face value. No where near face value. I have bought several coins from the Canadian Mint.
- Cymrubeats, on 10/12/2007, -6/+34I found one of those, down the back of my sofa.
- Beaver6813, on 10/12/2007, -0/+26I'd love to find that down the back of the sofa.
- coolian, on 10/12/2007, -4/+28100kg? He'll need a bigass wallet for that!
- LonesomeFighter, on 10/12/2007, -0/+18"The Canadian mint introduced the mega-coin, which is the size of an extra-large pizza"
i think i wouldn't need to randomly stab someone. I could just look, then stab. - jennamalia, on 10/12/2007, -1/+19pics or it didn't happen!!
ok: http://thechronicleherald.ca/photos/xlarge/otth103_121715-121720_Provincial_05-04-07_E855U7C.jpg - dclowd9901, on 10/12/2007, -0/+17"Remind me, why do we still have the penny?"
Because they taste good. - brstilson, on 10/12/2007, -13/+27"I'm pretty sure it's illegal to melt down coins... I could be wrong."
What will Canada do? Give us a Coin ticket? - dclowd9901, on 10/12/2007, -1/+13For simplicity's sake, let's say the drink was bottled, and cost $1 (US) and USD=CAD. That's $999,999 dollars in quarter, or exactly 3,999,996 quarters. At 5.670 grams (post-2000 quarters), the weight is about 22,679,977 grams. Convert that to pounds: 50,000.7904 pounds (according to Google). Your average full-size truck can tow about 10,000 pounds (we'll assume you're lugging the quarters on a trailer). So there goes that idea. Invest some of that money in a semi-tractor trailer (about 60,000 pound tow weight), and you're good to go.
- Smeed, on 10/12/2007, -2/+12Hopefully I get one of these in my change. It will be a nice break from those funky Canadian quarters.
- sarinmcneil, on 10/12/2007, -1/+11I think you need to update yourself on the value of US currency. The US dollar has taken a pummeling against almost every other major world currency, including the Canadian dollar for years now.
The US dollar has devalued so much we're almost at parity with the Canadian dollar as is. - amenic, on 10/12/2007, -1/+11As close to unlimited plays are you are going to get in an Arcade. I suppose.
- moosepile, on 10/12/2007, -1/+9IIRC, pennies currently have a higher metal value than 1ยข.
- aywwts4, on 10/12/2007, -3/+11Directedition: Because in 1857 the mall fountain and wishing well workers unions went on strike over poor wages due to the Half Penny, crippling the nation's mall fountains, In an effort to restore America to normalcy James Buchanan, signed into a law a bill banning the half penny everywhere, effectively doubling mall fountain workers wages, in a shortsighted move, the law never included a sunset, and therefore the penny can never be legally retired.
The more you know, eh? - briarmoss, on 10/12/2007, -0/+7I wonder which rapper will wear it around his neck first?
- drmobutu, on 10/12/2007, -0/+7Uh-oh...clearly the Canadians are anticipating mega-inflation...
- ashmon, on 10/12/2007, -1/+8Why can't you leave our Canada-money-is-worthless stereotype alone??? We need SOMETHING to feel good about down here.
- zeejay, on 10/12/2007, -0/+6"i think i wouldn't need to randomly stab someone. I could just look, then stab."
Good luck. The coin is both currency *and* breastplate armor. Also, anyone capable of carrying that thing around is one incredibly strong mofo... - PDG1, on 10/12/2007, -1/+7BrainInaJar was wrong
tazx was right
I know because I knocked a hole out of a Toonie and gave it to my Austrian gf with a chain to wear as a necklace and I know that was totally illegal.
now I'm just laying low for a little bit till the heat dies down...
and isn't the US dollar value close to the Canadian dollar value now?
I remember hearing a bunch of people complaining about how if it goes up any higher fewer people will buy BC lumber - transfuse, on 10/12/2007, -0/+6Hey... Where's my- OH *****!
I got a hole in my pocket! - tim507, on 10/12/2007, -2/+8@sutarion
"So where can I find a vending machine that will accept these?
I hope they offer change..."
well...they have ipods in airports..i give it 2 years ;P - biuku, on 10/12/2007, -0/+6it's a profitable marketing stunt. the Mint sells their services to other countries and things like subway systems ... it's like the when Dodge made the Viper ... uh ... sort of.
@ CurToast "... ONE MILLION HASHBROWNS. *CLANK*" ... nice! - andregriffin, on 10/12/2007, -1/+6Man, if i could only get two cokes AND this out of a vending machine, that'd really make my day.
- spidermoore, on 10/12/2007, -0/+5Ottawa and Winnipeg
I am sure the people buying them are not paying the $1M face value of the coin but much much more. - Fryth, on 10/12/2007, -1/+6It's just the logical next step...
Bureaucrat #1: Hey, let's release the one-dollar coin!
Bureaucrat #2: That's a really dumb idea.
Bureaucrat #1: We'll just try it out and see...
....
Bureaucrat #1: Hey, let's do a two-dollar coin!
Bureaucrat #2: Okay, you're nuts.
Bureaucrat #1: We'll just try it out and see... - jimmiss, on 10/12/2007, -0/+5Just what this country needs, more ***** coins. I tell ya, some ***** at the mint has a lot of time on his hands.
Holy crap this spell check is AWESOME. - sokz, on 10/12/2007, -3/+8Why on earth would the government do that?
- CedEx, on 10/12/2007, -0/+4Because they are not actually selling it for only $1M since it's not a circulating coin.
Check out the Royal Canadian Mint's page.
http://www.mint.ca/royalcanadianmintpublic/index.aspx?requestedPath=/en-CA/Home/default.htm
They are selling $0.25 coins for $16 CAD - Emachine, on 10/12/2007, -1/+5Now THATS a loonie.
- darkstar949, on 10/12/2007, -0/+4@moosepile - Only the older pennies that had real copper in them, new pennies are made of plated zinc.
- ashmon, on 10/12/2007, -1/+5THEY DON'T SELL THE STUPID THING FOR $1,000,000!!!! THEY'RE NOT STUPID! It'll probably cost $2.5 - 3 million to acquire this bad boy. Just because it's worth $1,000,000 doesn't mean you can go get one from the mint for that much. DUH.
- Twoodge, on 10/12/2007, -0/+3What a waste of money!
- finista, on 10/12/2007, -0/+3They should've made a one zillion dollars coin and give it to Dr. Evil.
- kevptim, on 10/12/2007, -1/+4The Canadian mints (One in Ottawa and one in Alberta IIRC) make coins for many different countries. I guess orders were slow this year so they needed a make-work project for the plant. This is also an advertising move to get more countries to consider having Canada make their coins.
Why they did not make it a $2 million dollar coin to make face value match material value is beyond me though. -
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