The Royal Mint was created during the burgeoning gold production in the Yukon Territory and British Columbia. A refinery was needed to perform the complex procedures of bringing mined gold up to coinage standards. The original refinery was finish in 1911. It was heavily relied upon by the British Empire during the Great War, producing large amounts of gold bars for England to pay back its debts to other nations.
A new facility was constructed in 1936 to meet the possible demand for the future for mines and central banks around the world. The refinery is still in operation today, and has produced .9999 fine gold bars since 1969. IN 1982, it became the world’s first refinery to mint .9999 fine gold bullion coins. In 1999, the Mint excelled again by becoming the first facility to achieve .99999 fine gold purity.
Today, the Royal Canadian Mint produces all of Canada’s circulation coins, including some circulation coins for other nations. It also designs and manufactures precious and metal collector coins; gold, silver, palladium, and platinum coins; medals, medallions, and tokens. The Mint also offers gold and silver refining and assay services.