DMCC unveils the second UAE bullion coin

Following the unveiling of its first UAE Gold bullion coin prototype in August 2011, the Dubai Multi Commodities Centre (DMCC), the licensing authority for the Jumeirah Lakes Towers (JLT) Free Zone, has released the first impression of the design of the second UAE bullion coin, in honour of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of Dubai.

The gold bullion coin will feature a portrait of His Highness Sheikh Mohammed bin Rashid Al Maktoum on one side, and on the other, an image of the Palm Jumeirah. The coin is the second in a series and follows the first gold bullion coin which was launched last August, and paid tribute to the leadership of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE.

Ahmed Bin Sulayem, Executive Chairman of DMCC, said:“The first UAE Gold bullion coin paid homage to our President, His Highness Sheikh Khalifa Bin Zayed Al Nahyan,his vision, guidance and leadership.The second UAE gold bullion coin Pays homage His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.”for his vision, guidance and leadership”

The new goldcoin will carry DMCC’s stamp of quality and authenticity. A five-ounce coin prototype will be minted by Argor-Heraeus SA in Switzerland,an internationally acclaimed Swiss gold refinery that is accredited bythe DMCC’s Dubai Gold Delivery (‘DGD’)standard. The DGD gold standard, launched by DMCC in 2005, is the adopted quality standard for gold and Silver bars production and technical specifications in the region and is benchmarked to international standards. – CommodityOnline

Tags: Gold coin, UAE bullion coin

Posted by admin on Dec 1 2011. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry