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Saturday, February 10, 2007

Canadian Mint Planning $1M Loonie

It'd take mighty deep pockets to jingle the new coins planned by the Royal Canadian Mint: Canada's official money-maker wants to stamp out a $1-million coin. Coin experts say it would likely be made of gold, be the size of a pizza and be extremely heavy. Some numismatists wonder if it would be a good idea.

The editor of Canadian Coin News, Bret Evans, said if it goes forward it would be the first of its kind in the world, the mint's attempt to create a record-breaking coin.

The $1-million loonie, he figures, would weigh around 100 kilograms - about the weight of a typical hockey player.

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