Because Canadians just don't have enough change already.

[theweaselking]

Canadian Mint unveils new 100kg $1,000,000 coin.

Why did it do this? "Because we can," the mint said on its website.

Comments

[cmseward.livejournal.com]

When it comes to 100-kg gold coins, why would you need any other reason?

[jackoutofthebox.livejournal.com]

...and the Intergalactic Bank won't take it because they don't deal in small fiddling change.

HHGTTG

[drjamez.livejournal.com]

It's a pretty good return to charge 2.5 mil to 3 mil for each 1 million dollar coin... even in Canadian terms. ;-)

- James -

[demongrrrrl.livejournal.com]

At least they're honest. The U.S. Mint would come up with some long and involved piece of bullshit to cover up the fact that they did it because they thought it'd be a cool idea and nobody told them not to.

Such is the U.S. Gummint.

[toku666.livejournal.com]

Dang. I actually think that's pretty cool.

Query: Is the Canadian economy gold-backed?

[theweaselking.livejournal.com]

I don't believe any G8 economy is gold-backed, but I could be wrong. It's not something that's ever really come up for me.

[toku666.livejournal.com]

Well, my only thinking was that in any situation where you will have x amount of gold that you know isn't going anywhere, the only reason against doing something like this would be tax prudence. I wouldn't want to find out that tax money went into producing this.

It also made me think of Athens' method of clothing their statue of Athena, which was definitely VERY cool.

I still think this is cool, heh heh.

[misanthrope-mom.livejournal.com]

How much is that in real weight?