Royal Winnipeg Mint Is A Real Moneymaker

Just on the southeast edge of Winnipeg, an iconic building opened 50 years ago (April 30, 1976). Since its first day, it has been a real money maker. Of course, that was its sole purpose. The Royal Winnipeg Mint always was to be a place where coins, both collector and distributable, were “minted,” or made.

All of Canada’s coins, from our unique loonies ($1) and toonies ($2), through nickels, dimes, quarters and even half-dollars, are made here. Building wealth, it seems, is inherent in the Mint design.

But not so fast! The Mint also depends upon destroying gold (and even coins taken out of circulation) and silver, melting them down. And then, it stores gold and precious metal.

The role of the Mint as Canada’s coin depository and creator is only a small part of its function. The Royal Winnipeg Mint has produced currency and collectible coins for over 75 countries. The flags that fly outside the Mint reveal the scope of those nations.

Every year, our Winnipeg Mint produces over a billion coins.

Daily tours allow people to visit and see the Mint in action, but exceptionally stringent security measures are in place, so don’t get grandiose ideas about pulling off a Fort Knox heist and making off with gold bars.

Canada officially does not keep gold bullion as an economic hedge, even though the country produces a huge amount of gold. Yes, there may be gold bars and gold bullion there, but nothing on the scale that the US has (including in Fort Knox), or that China possesses.

Still, just seeing all that money rolling of the assembly likely will get visions of wealth dancing in your head, if money is what motivates you.  Want to visit? Plan ahead by visiting the Royal Winnipeg Mint page at https://www.mint.ca/en/visit-the-mint/guided-tours?srsltid=AfmBOoq4DOMEk0NsnOYNeiJCtWUbHTBrZ-OLiaHXaGS-gHsyw6IH5txT.