Royal Canadian MintNational mint that produces Canadian coinsThe Royal Canadian Mint (French: Monnaie royale canadienne) is the mint of Canada and a Crown corporation, operating under an act of parliament referred to as the Royal Canadian Mint Act. The shares of the mint are held in trust for the Crown in right of Canada. The mint produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations.
Canadian dollarThe Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the official currency of Canada. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other currencies, particularly the US dollar. The base unit is the dollar; each is divided into 100 cents (symbol: ¢).
Gold coinA gold coin is a coin that is made mostly or entirely of gold. Most gold coins minted since 1800 are 90.0–92.0 ‰ gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, Vienna Philharmonic, and American Buffalo. Alloyed gold coins, like the American Gold Eagle and South African Krugerrand, are typically 91.7 ‰ gold by weight, with the remainder being silver and copper.
FinenessThe fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of fine metal therein, in proportion to the total weight which includes alloyingbase metals and any impurities. Alloy metals are added to increase the hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement.Government of CanadaThe Government of Canada (French: gouvernement du Canada), formally His Majesty's Government (Gouvernement de Sa Majesté), is the federal executive of Canada, which includes ministers of the Crown (organized as the Cabinet) and the federal civil service (whom the Cabinet direct); it is corporately branded as the Government of Canada. There are over 103 departments and agencies, as well as over 300,000 persons employed in the Government of Canada.
Commodity marketA commodity market is a market that trades in the primary economic sector rather than manufactured products. The primary sector includes agricultural products, energy products, and metals. Soft commodities may be perishable and harvested, while hard commodities are usually mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities.
Face valueThe face value, which is also called the nominal value, is the value as printed by the relevant issuing authority on a coin, banknote, bond, or stamp.Legal tenderLegal tender is a form of money that the law recognises as valid for the discharge of a monetary debt in a jurisdiction. What constitutes legal tender varies between jurisdictions. However, legal-tender status generally does not require a seller to accept a particular form of payment before entering into a transaction.
French languageFrench (français or langue française) is a Romance language of the Indo-European family. Like all other Romance languages, French and its closest relatives—the langues d'oïl, historically spoken in northern France and southern Belgium—descended from the Vulgar Latin of the Roman Empire. It was influenced by native Celtic languages of Northern Roman Gaul and by the GermanicFrankish language of the post-Roman Frankish invaders.
GoldGold is a chemical element; its chemical symbol is Au (from Latin aurum) and atomic number 79. In its pure form, it is a bright-metallic-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactive chemical elements, being the second lowest in the reactivity series, with only platinum ranked as less reactive. Gold is solid under standard conditions.Spot contractIn finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate).*As an Amazon Associate I earn from qualifying purchases.