Royal Canadian Mint Wins 2013 Coin of the Year Award Posted by Adam King on December 07, 2012
The Royal Canadian Mint has garnered the Krause Publications 2013 Coin of the Year award with its 2011 $20 99.999 percent silver commemorative coin, commonly known as the Canoe, which won in the Best Silver Coin award category. The award is to be presented to the Mint on February 2, 2013 at the World Money Fair in Berlin, Germany. The Royal Canadian Mint also received nominations in the Best Gold Coin, Most Historically Significant Coin, Most Artistic Coin, and Most Inspirational Coin categories.
In early trade on Friday, gold traded down $4.70 to $1,697.10 per troy ounce as the spot price of gold lost $4.40 to $1,696.00 per troy ounce. Following the release of the U.S. jobs report, the spot price of gold surged back above the $1,700.00 per troy ounce levelto $1,704.50. Comex silver futures for March delivery traded down $0.259 to $32.855 per troy ounce.
The news comes during a sales surge for gold and silver coins and bullion, which have been breaking records at Mints and have been widely reported by private dealers.
Ian E. Bennet, President and CEO of the Royal Canadian Mint, said the remarkable silver coin captures and idyllic Canadian scene and is yet another example of the Mint’s commitment to celebrating and preserving Canada’s history, culture and values. He added that receiving recognition by Krause Publications once again this year is the latest proof that the Mint’s coins continue to be internationally renowned for the exceptional quality and craftsmanship.
The Canoe coin depicts a recreational outing in which a boy breaks from paddling to dip his hand in the water, revealing the past with a reflection of an early native paddler in an early birch bark canoe.
The coin sold out early and quickly in 2011, and is regarded as one of the Mint’s success stories of the year.
Krause Publications publishes World Coin News and Numismatic News along with many acclaimed numismatic catalogues and research publications. The internationally recognized Coin of the Year competitions established by Krause Publications is a nomination-based enterprise that relies on the leadership and expertise of an international consortium of mint representatives and numismatists. The judging for the competitions are conducted by an international panel consisting of the world’s leading Mint officials, medalists, journalists, central banks, as well as museum officials.