The world’s largest gold coin sells for $4 million
The world’s largest gold coin (100-kilo), minted by the Royal Canadian Mint, with maple leaves on one side and Queen Elizabeth II on the other, has fetched $4 million, one of the most expensive coin till date, in an auction at the Dorotheum auction house, Austria. Its purity is 99.999 percent, the purest type in the market. The coin was purchased for more than its face value of $1 million owing to the high prices of gold, by ORO DIRECT, the largest precious metal trading company on the Spanish Peninsula in a liquidation sell-off of assets after the Austrian investment firm AvW Group, which owned the coin went bankrupt. “I'm a little disappointed," said Wolfgang Auer von Welsbach, the firm's founder. "I had hoped and expected to achieve more.”
Via: Luxist
