If the mint director does not have enough common sense to wear gloves for the marketing picture or simply keep his oily hands off the coin, then I will have to pass.
I'll admit to being somewhat slack about the calculations, but google says a metric tonne = 32150.7466 troy oz, which at US$1576/oz = US$50,669,576.6
If anyone is looking for a stocking stuffer for me this Christmas, I'll take one or two. I'm not really a gold collector, but I like the novelty factor.
Actually, since I've been living here on and off for 15 years, I've come to the conclusion that endeavors such as this usually get their beginnings over massive quantities of beer.
Almost as if the blokes over at the mint had a running bet to see who could convince the director to OK a project to make a 1 tonne gold coin. Winner gets a slab of beer.
They're so far away from everywhere else in the world, they kind of make up their own rules in Perth.
Looks a little like the 1-tonne cheddar made for Queen Victoria. She nodded when presented with it but never ate a slice. (It ended up as food for pigs, not princes.)
Maybe the giant coins of Yap would be a better analogy. They, too, were so huge they could scarcely be moved save by rolling. Much more convenient to let the "coin" stay put and simply have a little ceremony celebrating when its owner changed.
Salute the automobile: The greatest anti-pollution device in human history! (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
The Yap users have to do it that way with some of the stones , i seen a documentary and some of the high value ones got sunk in the bay when the boats carrying them sank...i wonder if it was around then they stopped moving them and had a cup of tea instead ? : ) The ones lost in the bay still hold their value and ownership changes just as if it were on dry land..pretty cool.
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
My friend saw it in the flesh in Western Australia and said it was an awesome thing in the flesh. Apparently you weren't meant to take a picture but she managed to sneak one.
http://www.youtube.com/watch?v=R1KoF8Ik24Y&list=UU_qJnfZUpDYK6jZqTA1zUrg&feature=plcp
Comments
We all agreed it's quite the gold piece but we were more concerned that it would never grade because of tooling and altered surfaces
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>We talked about this in another post awhile ago.
We all agreed it's quite the gold piece but we were more concerned that it would never grade because of tooling and altered surfaces
Yeah, I didn't know if this had already been covered (been gone a while).
Sorry for the repost, this is the first I had heard about it.
Ridiculous... in a cool sort of way.
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If anyone is looking for a stocking stuffer for me this Christmas, I'll take one or two. I'm not really a gold collector, but I like the novelty factor.
Almost as if the blokes over at the mint had a running bet to see who could convince the director to OK a project to make a 1 tonne gold coin. Winner gets a slab of beer.
They're so far away from everywhere else in the world, they kind of make up their own rules in Perth.
Maybe the giant coins of Yap would be a better analogy. They, too, were so huge they could scarcely be moved save by rolling. Much more convenient to let the "coin" stay put and simply have a little ceremony celebrating when its owner changed.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Well it's gold and has a kangaroo on it.
"Inspiration exists, but it has to find you working" Pablo Picasso
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
that would have to be one huge pair of pants to have a pocket piece like this...