World’s largest gold coin by Perth Mint is worth $57.34 million
If you are amongst those who believe that investing in gold is the best thing one can do to add few extra million dollars lying in the locker, then we have news for you. Earlier we have reported about several rare and expensive coins like Flowing Hair Dollar that was sold for $7.85 million or rare Korean gold coins that were expected to fetch $1.5m at an auction. Yet again Perth Mint of Australia has unveiled the world’s largest gold coin that is made of 99.99% gold.
This heaviest gold coin weighs over a ton and cost $57.34 million according to the current price of gold. The coin is 12 centimeter thick and 80 centimeters wide with one side imprinted with the Ian Rank Broadley portrait of Queen Elizabeth II’s image and other side with a kangaroo. The world’s largest coin has been created to mark the opening ceremony of Commonwealth Heads of Government Meeting (CHOGM) that will be held in Australia. The West Australian government has already certified the gold purity and guarantee of the authenticity.
It may be noted that the intricate designers took at least 18 months to complete the coin which is now on a public exhibition. Perth Mint Chief Executive Officer Ed Harbuz said, “Pinnacle of ingenuity and innovation. Mint’ s dedicated team of talented artists and technical staff worked tirelessly for months to create a coin of this magnitude. To cast and handcraft a coin of this size and weight was an incredible challenge, one which few other mints would not even consider.”
Prior to this, the title of the largest gold coin was with the 100 kilo gold coin that was minted by Royal Canadian Mint. The coin had maple leaves on one side and Queen Elizabeth II on the other. The coin then fetched $4 million at Dorotheum auction house, Austria.
The rare and expensive coin collectors may also check out the list of world’s most expensive coins .
Via: China Daily