Minting Gold Coins: "How Money Is Made" 1920 Royal Mint... 

more at http://money.quickfound.net/ Public domain film from the Library of Congress Prelinger Archive, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied. The film was silent, I have added public domain music, Beethoven Piano Sonata... More

more at http://money.quickfound.net/ Public domain film from the Library of Congress Prelinger Archive, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied. The film was silent, I have added public domain music, Beethoven Piano Sonata Op. 31, 3rd movement, played and uploaded by Donald Betts, from musopen.org. http://en.wikipedia.org/wiki/Royal_Canadian_Mint The Royal Canadian Mint (French: Monnaie royale canadienne) produces all of Canada's circulation coins, and manufactures circulation coins on behalf of other nations. The Mint also designs and manufactures: precious and base metal collector coins; gold, silver, palladium, and platinum bullion coins; medals, as well as medallions and tokens. It further offers gold and silver refinery and assay services. The Royal Canadian Mint is a Canadian Crown Corporation, and operates under the legislative basis of the Royal Canadian Mint Act. As a Crown Corporation, it is 100% owned by the Government of Canada, which is its sole shareholder. It also serves the public's interest while mandated to operate "in anticipation of profit", meaning that it functions in a commercial manner and does not rely on taxpayer support to fund its operations. Like private sector companies, the Mint has a Board of Directors consisting of a Chair, the President and CEO of the Mint and eight other Directors. Traditionally, the President of the Royal Canadian Mint is known as the Master of the Mint. The current president is Ian E. Bennett, who was appointed to the position in June 2006 and was re-appointed to a further three-year mandate effective June 12, 2011. The Board of Directors, through the Chair, is accountable to the Minister of Transportation, Infrastructure and Communities, who has currently delegated this responsibility to the Minister of State (Transport). The Minister serves as the link between the Mint, Cabinet and Parliament... For the first fifty years of Canadian coinage (cents meant to circulate in the Province of Canada were first struck in 1858), the coins were struck at the Royal Mint in London, though some were struck at the private Heaton Mint in Birmingham, England. As Canada emerged as a nation in its own right, its need for coinage increased. As a result, a branch of the Royal Mint was authorized to be built in Ottawa in 1901... In November 1960 the Master of the Mint, N.A. Parker, advised the Minister of Finance that there was a need for a new facility. Capacity had already been reached in Ottawa. The Philadelphia Mint was producing a large number of Canadian 10¢ coins... Eventually, it was agreed upon in December 1971 that the Mint would build a facility in Winnipeg. The land was purchased in 1972 and construction began at the end of the year... The Mint produces and markets a family of high purity gold, silver, palladium and platinum Maple Leaf bullion coins, wafers and bars for the investment market as well as gold and silver granules for the jewellery industry and industrial applications. The Mint also provides Canadian and foreign customers with gold and silver processing, including refining, assaying and secure storage. Additionally, the Royal Canadian Mint operates a technically advanced refinery in which it refines precious metals from a variety of sources including primary producers, industry, recyclers and financial institutions. The Mint refines raw gold to 995 fine through the Miller chlorination process. The gold is then cast into anodes which are purified to 9999 fine using the Wohlwill electrolytic process... Less

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Added Feb 21, 2012  

Channel Education

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Tags minting gold coins  how money is made  1920  royal mint of canada  gold  coins  mint  gold coin  canada 

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