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Missing Gold at the Royal Canadian Mint
July 01, 2009

Royal Canadian Mint Gold is Missing

Nearly 17,500 ounces of gold, worth approximately $16.4 million dollars seems to be missing from the Royal Canadian Mint. What was initially thought to be an accounting/inventory paperwork error of some kind has now moved one step closer to a possible criminal investigation.

Ministers of the Canadian government have called for immediate action after an independent third-party review indicated the all accounting was in order. Technical reviews of the internal procedures at the mint may follow. Royal Canadian Mounted Police have been called in and the Mint will have to set up an independent review of it's current security proceedures.

But the question still remains - "Where's the missing gold?"

For more information check out this Mining Weekly article by Liezel Hill.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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