Gold Investment Coin Gold Rush in the Klondike - Gold Refining 1 Oz 2024 (.99999)

Klondike Gold Rush: From Dore to Refined Gold - .99999

The premium gold investment coin, issued by the Royal Canadian Mint in 2024, weighs 1 Oz (31.11 g) in the absolute highest purity of 99.999% gold, and is part of the Klondike Gold Rush series launched to mark the 125th anniversary of the first discovery of gold. The fourth coin in the series represents the refining of gold through minting at the first Royal Mint.

The reverse of the gold investment coin depicts the process of the first gold refining at the newly established Royal Mint in Ottawa, which officially opened in early 1908 as a result of long-standing dissatisfaction among miners with the cost of exporting gold to England. For the first 50 years, miners sent all their raw gold to the Royal Mint in London, where it was then minted into coins. After it opened, the Canadian Mint changed the way it refined gold several times to become more efficient, eventually introducing a chlorination process developed in Australia that reduced processing time and increased the Mint's refining capacity. In 1931, the mint's assets were transferred to the Canadian government and the mint was designated as the Royal Canadian Mint, a branch of the Department of Finance.
The main part of the mint field is a vessel from which molten gold flows onto a metal strip from which the struck coins are then reflected, surrounding a security mark in the form of a small maple leaf with a microscopic laser mark containing the year of issue "24", which can be seen under a magnifying glass. Another security feature of the coin is the fine radial lines on the background. Included are the initials of designer John Mardon "JM", the purity indication "99999" and the year of issue "2024". The description of the coin includes the inscriptions "CANADA", "FINE GOLD" and "1 OZ OR PUR".

During the brief Klondike gold rush, the promise of gold lured more than 30,000 fortune seekers to northern Canada and forever changed the country, its people and their existing way of life.
The largest-ever migration of people in search of gold was triggered by an event on August 16, 1896. Californian George Carmack and his Indian-born wife Shaaw Tlàa (Kate Carmack) and brothers-in-law Keish (Skookum Jim Mason) and Kàa Goox (Dawson Charlie) discovered a gold deposit in Rabbit Creek, later renamed Bonanza Creek. News of the famous find caused an immediate rush of prospectors. The following year, people from all over the world traveled to the desolate Klondike region by the thousands. The ensuing boom spurred the Yukon's entry into Confederation and made Canada one of the world's leading gold producers.

The Klondike gold rush also had a devastating impact on local aboriginal communities. Gold prospectors not only displaced these communities, but also instituted policies that fundamentally undermined their traditions. Indigenous peoples are still struggling with this legacy today. The gold rush is often seen as a great adventure, but its consequences are more complex. It wasn't just a pursuit of wealth. It was a critical moment in Canadian history that irreversibly affected the entire nation.

The obverse bears a portrait of King Charles III by Steven Rosati with the artist's initials "SR". The description states the inscription "CHARLES III D.G.REX" and the face value "200 DOLLARS". The background is decorated with radial lines

The coin is encased in a protective plastic card, which also serves as a certificate of authenticity.

This product is part of the following product sets: