Thursday, January 17th 01:04 PM IST

RCM launches 99.99% fine Gold coin to honour Inuit Art

# RCM  # Inuit  # Gold coin  #   

The mint will produce 10,000 of the gold 50 cent coins, which sell for about $130 each.

OTTAWA(BullionStreet): Canada's Royal Canadian Mint unveiled a 99.99% fine gold collector coin with a 50-cent face value honouring Canadian Inuit Art at the Winnipeg Art Gallery.

The design of the coin was inspired by the carving Owl Shaman holding Goose by Inuk artist Joannassie Nowkawalk. Nowkawalk, a carver from Inukjuak, Que., created the piece in 1962.

The carving is part of the Winnipeg Art Gallery’s contemporary Inuit art collection, the largest in the world with more than 11,000 artworks.

The gallery is celebrating its 100th anniversary in 2012-2013. The word Canada appears on the coin in English and in Inuktitut.

The mint will produce 10,000 of the gold 50 cent coins, which sell for about $130 each.

" Canada has a proud history of Inuit art and this beautifully crafted coin reveals the mystical connection the Inuit people share with nature and the spirit world -a powerful image carved from an ancient and enduring culture," said Rod Bruinooge, Member of Parliament for Winnipeg South. "Our Government would also like to congratulate the Winnipeg Art Gallery on celebrating its centennial in 2012-13."

"The Royal Canadian Mint is proud to celebrate Canada's history, culture and values with special collector coins," said Ian E. Bennett, President and CEO of the Royal Canadian Mint. "This gold coin honours Canadian Inuit art through an intricate design inspired by the original carving of Inuit artist Joannassie Nowkawalk, Owl Shaman holding Goose, part of the Winnipeg Art Gallery's world-class contemporary Inuit art collection."

The coin's reverse design of the owl's round and compact shape conveys the solid physique, adaptations and strength that are essential to surviving in the Arctic while the captured goose reveals the owl's prowess as a hunter.

"As Canada's first civic art gallery celebrating our centenary in 2012-13, we were honoured to open our Inuit collection, the largest contemporary collection in the world, to the Royal Canadian Mint to select the perfect sculpture to inspire this fine gold coin," said Dr. Stephen Borys , Executive Director of the Winnipeg Art Gallery .

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