The Arctic Landscape Silver Coin
Earlier this month I purchased the Canada’s Arctic Landscape 2013 Fine Silver coin. It’s a 1 kilogram (2.2lb) 99.99% silver coin made by the Royal Canadian Mint. It can be bought either on the mint.ca directly, or through one of their third party vendors world wide. Either way, you can expect to pay $2,249.95 CAD. (^_-) I didn’t have any savings, so I borrowed the money from my line of credit. :0) The coin comes with a custom maple wood box lined with flock, and fits in a black cardboard sleeve to protect the box.
The coin itself, which is inclosed in a transparent plastic case, can be set comfortably inside the linings of the wooden box so they can be displayed together. The craftsmanship on the box is top notch and compliments the coin well.
The image on the Arctic Landscape coin was designed by Canadian artist W. David Ward. The image represents a highly detailed rendition of the Baffin Island at the mouth of the Northwest Passage. On the obverse side of the coin is a portrait of Queen Elizabeth II designed by Susanna Blunt. At 4 inches wide in diameter the coin looks somewhat smaller than a DVD which is 4.7 inches wide. The coin is roughly half an inch thick. Weighing in at exactly 1,000 grams or roughly 32 troy ounces, it’s aboot 32 times the size and weight of the various 1 oz silver coins that are common in circulation.
Based on current commodity pricing 1 kg of silver should cost no more than $1,000. But the price for this coin is $2,250. Why the premium? Unlike bullion, these rare, authentic, un-circulated coins are specially commissioned, proof finished and have a limited mintage. But is all that worth the extra cost over the spot price of silver? I certainly think so. 🙂 Proofs are minted with special dies that have been chemically treated with acid. Furthermore each coin is struck multiple times to force the silver into all the crevices of the die giving the coin more definition and fidelity.
The result is a gorgeous coin that has a very distinct look and feel that can’t be replicated with normal minting practices. For example, when viewed from certain angles the design appears clean, flat, and almost cell shaded like a painting (see image below.) But when viewed from other angles the contrast of the image becomes more dynamic. The water and sky darkens in contrast to the glacier in the foreground, and the surface feels more 3 dimensional. It’s almost like magic. (゜o゜) (mouse over image below to see the change.) Furthermore, the light reflecting off this coin appears to have a higher range than what most digital displays can output. Pictures like the ones in this post cannot accurately depict its true beauty. The only way to appreciate a proof coin properly is to see it in person. 😉
Only 750 of these Arctic Landscape coins were minted. So today only 1 in roughly 9.3 million people in the world can own this coin. It will become 1 in every 10 million in the future as the population grows making the coin even more rare. From the ingenuity used to craft this coin to the sheer beauty of its design this is truly a work of art.
This beautifully crafted fine silver coin captures the history, heritage, and magnificence of the Arctic landscape. It’s a symbol of Canadian engineering and artistic talent working together to create something truly brilliant. It’s almost like this coin was just mint to be. 😀 The rare mintage (only 750,) and the globally recognized RCM brand make this coin a must have for any collector or enthusiast. I give this coin a perfect 5 out of 5. Delivered as advertised. A+++ product. Great seller. Would buy from again!
Holy cow! That sucker is huge! 1 in every 9.3 million is kinda cool
Yup, it’s pretty big. And quite heavy as well relative to most other things its size. If it were made of gold then it would be even heavier as gold is twice as dense as silver. I don’t think I can afford a gold coin of this size if one was available though because that would be too expensive. Today gold ($1400/oz) is about 60 times more expensive than silver ($23/oz) so a gold coin of the same size as this, would be twice as heavy which will make it about $270,000. It’s amazing that a 2 Kg gold coin is worth as much as a house lol.
Beautiful coin, NICE score!
Maybe one day I can pass it on to my grandchildren. By then it would be worth a lot more :0) The coin will probably have some historical value as well since the glaciers up north are slowly melting.
That is a beautiful coin, but the premium for it does seem kind of high. But I do bet that thing looks amazing in person. I would like to one a 1kg coin someday just because I think it would be a nice display piece in my collection! Great pick up!
Thanks for dropping by fellow collector 😀 Yeah it does seem kind of pricy considering the melt value of that coin today. The premium on smaller coins is even more extravagant. I saw a 5 oz silver coin, the 2013 beaver, for over $500 on the Royal Canadian Mint’s website. That’s like 4 times the price of spot today lol.
Wow, who knew the price on a coin could be so high?!
I was looking at another coin that’s 5 kg called The Spirit of Haida Gwaii. With only 100 minted in the world that one was pretty appealing as well 🙂 But it costs $10K so I couldn’t afford it lol.
Well, I believe that this purchase must make you very happy. It is really a great, nice piece. I wouldn’t buy it as an investment, but as a collector I would go for it. If you are investor and collector I bet this has a sense. As investment it doesn’t. At least not for you, maybe for your kids when this coin really appreciate.
Yup, I don’t plan to include the value of this coin in my net worth because I see it as a collector’s item too. Silver is everywhere. It’s in our cell phones, washroom mirrors, solar panels, cars, and even digital cameras. But most of the time it exists only in very small amounts around us. It’s nice to see it up close in a larger chunk 🙂
It looks incredible, congratulations with the buy. One of this every month till you ready for your retirement and you are all set.
Could I ask you a question – why did you decided to put money in a coin? 1 kg of silver is cost half of that sum?
If only I could afford to buy one every month lol. I decided to buy this coin for sentimental reasons. One day I would like to pass this coin on to my children, and then their children. I already have regular silver bullion which I could sell at any time for the spot price of silver, but I think having a specially minted coin that comes in a custom box will feel more special when I give it away some day. The fact that only 750 of these coins exist in the world makes it even more unique 😀
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