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World’s biggest gold coin weighs a ton, costs $57 million

goingbrokegoingbroke Posts: 1,410
in Precious Metals
Pining for something ridiculously expensive? Perhaps a blinged up iPad 2 or a posh camper? There's a single coin that can afford all those…and more. The world's largest gold coin was recently unveiled by the The Perth Mint in Australia to mark the opening of the Commonwealth Heads of Government Meeting. Weighing an astounding one ton (or 2204 lbs.), it is enormous not only in size, but also in value; the coin's value tops $57.34 million based on current gold prices.

measuring 4.7" in thickness and 31.5" in diameter
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Comments

  • brokeerbrokeer Posts: 69
    My favorite part is the one million face value.
  • FistFullOfDollarsFistFullOfDollars Posts: 361 ✭✭✭
    I will have to pass on that one, to cheap for my taste....







    I have a very strict gun control policy: if there's a gun around, I want to be in control of it - Clint Eastwood
  • dimplesdimples Posts: 1,286 ✭✭✭
    I only buy PCGS coinsimage
  • goingbrokegoingbroke Posts: 1,410


    << <i>I only buy PCGS coinsimage >>

    Who knows PCGS might grade that coin for you so they can get some publicity, but they better have a fork lift to get it in the building!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • VikingDudeVikingDude Posts: 1,363 ✭✭✭
    I wish the article would say why they did it.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    I guess that wouldn't work as a pocket piece!
  • grabbagrabba Posts: 1,251
    Here's the video of them making it

    Perth Mint video
  • DoubleEagle59DoubleEagle59 Posts: 8,333 ✭✭✭✭✭
    I wouldn't buy it. It's been tooled, polished and heat treated.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>I wouldn't buy it. It's been tooled, polished and heat treated. >>



    Yup, PCGS would surely Body-Bag it.
  • PerryHallPerryHall Posts: 46,285 ✭✭✭✭✭


    << <i>I wish the article would say why they did it. >>



    Obvious publicity stunt.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • DoubleEagle59DoubleEagle59 Posts: 8,333 ✭✭✭✭✭


    << <i>

    << <i>I wish the article would say why they did it. >>



    Obvious publicity stunt. >>



    The video 'did' explain why they did it.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I would love to own that piece,
    unfortunately my pants pocket's
    are too small !!!
    Timbuk3
  • MrEurekaMrEureka Posts: 24,282 ✭✭✭✭✭
    It would be cool to hand pick the best one of these from an original bag.
    Andy Lustig

    Doggedly collecting coins of the Central American Republic.

    Visit the Society of US Pattern Collectors at USPatterns.com.
  • CoinCrazyPACoinCrazyPA Posts: 2,899 ✭✭✭✭
    Amazing video thanks, I thought if was kinda funny using a router to make the reeding. Also I had no idea know it was cast coin. Over all an amazing feat on the Perth Mints part.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

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  • tydyetydye Posts: 3,894 ✭✭✭
    I would of thought it would of had to be struck and not cast to be an official record. Are there any other examples of cast coins (other than counterfeits)?
  • vibr0nicvibr0nic Posts: 614 ✭✭✭
    Cool, but at what point does a coin just become a statue?
    I like large size currency and silver dollars.
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