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Royal Canadian Mint Review

Royal Canadian Mint (Mint.ca)
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Review Summary:

The Royal Canadian Mint not only manufactures Canada's currency, it also designs and produces gold, silver, platinum and palladium coins and various bullion pieces that are world renowned for their quality and security features. The Mint has a storage facility that is fully accredited and ISO-9001:2000 certified. Known for its state of the art facilities and technology, Canada's Mint produces coins for dozens of other countries.

“Our bullion products are universal symbols of innovation, ingenuity and excellence, and are part of a 100-year-old Royal Canadian Mint tradition.” – mint.ca

The Royal Canadian Mint, established in 1901, is a Crown Corporation meaning it is owned by the Canadian government. Its mandate is to serve in the public’s interest and operate for profit so as not to rely on taxpayer support. The Mint not only manufactures Canada’s currency, it also designs and produces gold, silver, platinum and palladium coins and various bullion pieces that are world renowned for their quality and security features. In 2007, the Canadian Mint produced the first 99.999% pure gold coins. Guaranteed 99.99% pure, the Canadian Maple Leaf gold coin has become a world standard in quality. Learn more about the Mint’s bullion production in the following video.

Buying Bullion from the Mint

The mint does not trade directly with the public.  The list of affiliate dealers that trade bullion from the Mint can be found here. Most of these affiliate dealers do not have relationships with brokerages that allow them to service registered accounts like RRSPs. However, a handful of them are associated with Questrade and allow you to trade Canadian minted bullion in registered accounts.

The Mint’s website, mint.ca sells a large variety of collectable bullion coins commemorating various events or historic figures. These collectors items are also available at their boutiques in Vancouver, Ottawa and Winnapeg. They only sell new products from current years and the pricing does not solely reflect the quantity and quality of precious metal, high premiums reflect their value as rare, artistically designed collectors’ pieces.

Other Services

The Mint provides storage services for Canadian Mint branded bullion. They have been in the business of storing bullion since their founding in 1908. The storage is fully accredited and ISO-9001:2000 certified, meaning it meets the requirements to store bullion for registered accounts. The Canadian Mint is a leading innovator of technology related to secure storage management. The service is offered to businesses not to individuals. You can store your gold at the mint through most affiliated bullion dealers.

No only does the Mint have the ability to produce some of the best quality and most respected bullion in the world, it also operates a sophisticated assay lab to analyze gold and guarantee purity. They are a world leader in this service and equipped with state of the art technology. Known for its state of the art facilities and technology, Canada’s Mint produces coins for dozens of other countries.

Canada Gold Reserves Exchange Traded Receipts

In 2011, the Mint introduced an exchange listed gold product that trades in U.S. or Canadian dollars. These Exchange Traded Receipts (ETRs) are listed on the Toronto Stock Exchange under the symbols MNT, which trades in Canadian dollars and MNT.U, which trades in U.S. dollars. Each ETR represents a unit of gold bullion that is held by the Mint and owned by the ETR holders. They are redeemable for physical gold or cash once each month and the quality and purity of the gold is guaranteed by the Mint’s high standards and a minimum purity of 99.99%. This fund tracks the price of gold minus a 0.35% annual fee that is deducted monthly. Your physical gold is kept in pooled storage at the Mint’s facilities in Ottawa.

 

Royal Canadian Mint Rating & Complaints

BBB Rating: B- (Details)
BBB Compaints: 21 Complaints in the past three years. (Details)
Yelp: 3.5 Stars (3.5 / 5) based on 15 reviews. (Details)
Yellow Pages: Not Rated. (Profile)
Google+:  Not Rated (Profile)
Facebook: Not Rated (Profile)
TrustLink: Not Rated (Profile)
SiteJabber: 2 Stars (2 / 5) based on 1 review. (Details)

Royal Canadian Mint Storage Information

Cost: Unknown 

The Mint provides storage services for Royal Canadian Mint branded precious metals in their vaults. This service is not offered directly to individuals, but through business to business accounts with the Royal Canadian Mint.

The Royal Canadian Mint is a Crown Corporation of the Government of Canada. They are ISO-9001:2000 certified, and are regularly audited to ensure the transparency of their business. Their vaults are therefore an exceptionally secure facility. Our precious metal storage service is available through their selected dealers.

Royal Canadian Mint Shipping/Delivery Infromation

Purchases are shipped to Canadian and United States addresses by Kitco’s preferred courier services. Shipments generally arrive within four to five business days from the time they receive cleared funds. Shipping by registered mail is available upon request. All packages require a signature. Certain high-value items and large or non-standard purchases require other, often costlier methods of shipping.

Depending on its weight and value, your purchase may be shipped in more than one package and arrive on different days. If you are not at home when the couriers attempt to deliver your package, they will leave a notice asking you to contact them to re-schedule the delivery or to arrange for you to pick up the package. When picking up your package, please carry valid photo identification.

Royal Canadian Mint Promotions, Discount Coupons, or Vouchers

There are no current known or posted promotions.

Royal Canadian Mint Founders & Management Team

sandra_hanington_148President & Chief Executive Officer.Sandra L. Hanington, ICD.D Ms. Hanington was previously Executive Vice-President, BMO Financial Group. She joined BMO Financial Group in 1999 as Vice-President, Insurance, and held a number of progressively senior executive roles in both Canada and the United States. Prior to joining BMO Financial Group, Ms. Hanington worked for Manulife Financial/North American Life Assurance, Royal Trustco Ltd. and Suncor Inc./Sunoco Group.

Boucher_148Vice-President – Human Resources & Quality Systems. Michel Boucher joined the Mint in 2011 with 18 years comprehensive experience in a multi-plant environment and with substantial knowledge of labour relations, health and safety and organizational development. He has previously worked for Cascades Inc., at both their Head Office in Kingsey Falls and in a Toronto-based paper facility. He held various positions during his time at Cascades, including the role of Corporate Director Human Resources for one of the four divisions of Cascades Inc. Prior to joining the Mint, Mr. Boucher worked in Montreal as Vice President, Human Resources of Induspac, which is a privately held business with 30 plants across Canada, the United-States and Mexico.

sean_2011Vice-President – Operations. Sean Byrne is responsible for the Mint’s three manufacturing facilities including Corporate Engineering and Environment and the Research and Development Group. Sean is also responsible for the Canadian Circulation business line including Canadian Circulation programs, coin distribution and base metal purchasing. Sean has held numerous positions since joining the Mint in 2005, most recently as Executive Director of the Numismatics and collectibles business line where he oversaw the strategic direction of the business along with Ottawa Plant operations.

john_2011Vice-President – Sales. John Moore joined the Royal Canadian Mint in 2002 as Manager of Retail sales. He was subsequently appointed to the position of Director of Sales, then to Executive Director of Bullion and Refinery and more recently to the position of VP of Sales where he is responsible for the sales and sales support teams for Numismatics, Bullion, Refinery and ETR, and the Foreign business lines at the Royal Canadian Mint. Prior to joining the Royal Canadian Mint, he developed the telecom, ISP and web hosting markets in North America for Coast Software Inc. He also occupied the position of Global Executive Director, Apparel, Accessories and Licensing for Airwair/Dr. Martens.

JenniferCamelon_148Chief Financial Officer & Vice-President of Finance and Administration. Jennifer Camelon is responsible for all aspects of the Company’s financial and IT operations. Prior to joining the Mint, Ms. Camelon was the Chief Financial Officer and de-facto Chief Operating Officer for QNX Software Systems, a wholly owned BlackBerry subsidiary. She was instrumental to help drive the growth and success of what is recognized as one of the premier software companies in Canada focused on excellence in embedded software and related professional services. In addition to the finance portfolio, Ms. Camelon led the IT, Operations and Quality teams and was the primary business interface to BlackBerry.

 

Royal Canadian Mint Store/Branch Locations


Winnipeg
520 Lagimodière Boulevard
Winnipeg, Manitoba
R2J 3E7

Boutique
Tuesday to Saturday
9:00 a.m. to 5:00 p.m.

Tours
Tuesday to Saturday
9:00 a.m. to 4:00 p.m.


Vancouver
752 Granville Street (between Georgia and Robson Streets)
Vancouver, British Columbia
V6Z 1E4

Boutique
Monday to Sunday
9:00 a.m. to 6:00 p.m.

Tours
Monday to Sunday
10:00 a.m. to 5:00 p.m.


Ottawa
320 Sussex Drive
Ottawa, Ontario
K1A 0G8

Boutique
Monday to Sunday
9:00 a.m. to 6:00 p.m.

Tours
Monday to Sunday
10:00 a.m. to 5:00 p.m.

 

Royal Canadian Mint on the Web

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Pros

Canada Gold Reserves Exchange Traded Receipts are a great option for an RRSP. High Quality storage facilities. Innovative technology and world renown bullion.

Cons

Do not trade bullion or provide storage directly with the public. Mint.ca sells only newly minted bullion with high premiums for collectors. Bullion is delivered to your home so their service is not directly appropriate for RRSP investments. Storage and trades must be done through affiliate dealers and custodians.

The Royal Canadian Mint not only manufactures Canada's currency, it also designs and produces gold, silver, platinum and palladium coins and various bullion pieces that are world renowned for their quality and security features. The Mint has a storage facility that is fully accredited and ISO-9001:2000 certified. Known for its state of the art facilities and technology, Canada's Mint produces coins for dozens of other countries.

Editor rating
Rated 4.5 stars
User rating
Rated 0 stars

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