Perth Mint unveils world's biggest gold coin

amiller · October 27, 2011 11:17PM

Did you think the Royal Canadian Mint's 100kg pure gold coin could not be outdone? Introducing an over 1 ton (1012kg) pocket piece from the Perth Mint.

http://www.abc.net.au/news/2011-10-27/one-tonne-coin/3604466

WillieBoyd2 · October 27, 2011 11:35PM

A coin is something one can carry in a pocket.

These items are sculptures.

amiller · October 27, 2011 11:50PM

I like to think of coins being struck, and counterfeits being cast. Guess it can go both ways.

19Lyds · October 28, 2011 12:56AM

I wonder how Canada will respond to this?

TwoKopeiki · October 28, 2011 2:22AM

This one may be heavier, but the workmanship on the RCMP maple leaf seems much, much higher.

Hussulo · October 28, 2011 4:19AM

One tonne!! wow that is some heavy lifting. If it fell off the stand and onto your foot you would soon know about it.

I like to think of coins being struck, and counterfeits being cast. Guess it can go both ways.

I agree but I don't think the pressures needed to strike such a coin would be achievable.

This one may be heavier, but the workmanship on the RCMP maple leaf seems much, much higher.

Very true. The Perth one looks obviously cast, where as the RCMP looks much cleaner.

How do you think they achieve the proof like finish to the high points and edge? buff and polish?

kuhli · October 28, 2011 5:00AM

so, presumably this is a unique piece, why even bother with making a mold and casting it. why not just give the engravers a slab of gold to carve on?? 30+ inches in diameter is a pretty large working field.

STLNATS · October 28, 2011 12:24PM

What's the face value of this thing?

And where can I get a roll? (which I'll have to roll home!)

Nunfa0 · October 28, 2011 7:01PM

Dinkum Link

IloiloKano · October 29, 2011 5:49AM

<< <i>What's the face value of this thing?

And where can I get a roll? (which I'll have to roll home!)

>>

Face value is only AU$1,000,000.00, which seems especially low for one tonne of gold.

TwoSides2aCoin · October 29, 2011 11:20PM

Just wait until Dubai opens up their minting facility

TwoSides2aCoin · October 29, 2011 11:24PM

<< <i>Face value is only AU$1,000,000.00, which seems especially low for one tonne of gold. >>

That's face value, though. The intrinsic value on 30,000 ounces or is that 31,100 ounces (?) of gold is something like 52.5 million USD.

SYRACUSIAN · October 30, 2011 9:58PM

<< <i>so, presumably this is a unique piece, why even bother with making a mold and casting it. why not just give the engravers a slab of gold to carve on?? 30+ inches in diameter is a pretty large working field. >>

To advertise the capabilities of the Perth Mint, and sell more dragons and kungaroos than pandas, eagles or Maple leafs I presume?

I'm really getting tired of this bullion buying trend and I fail to see any kind of added collectable value in those popular one/two ounces issues that have flooded the market these past 10-15 years. But that's just me. In a recent newsletter, NGC was proudly advertising that 70% of their business comes from these modern bullion coins.

Build a complete lunar set in MS70... what a challenge.

Perth Mint unveils world's biggest gold coin

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