Friday, October 28, 2011

World Heaviest Gold Coin 1,012kg

World Heaviest Gold Coin 1,012kg

PERTH(BullionStreet) : Australia's Perth Mint unveiled world's largest , heaviest and inherently most valuable gold coin with acurrent value of nearly $55 million.
The coin weighing 1012 kilograms and is more than a tonne of 99.99 per cent pure gold . The giant coin is 80 centimetres wide, 12 centimetres deep, took 18 months to create
The obverse of the coin features Ian Rank Broadley portrait of Queen Elizabeth II and carries the face value of AU$1,000,000. The reverse design features the classic kangaroo design by Dr. Stuart Devlin AO CMG, goldsmith and jeweller to Queen Elizabeth II. The inscriptions include the "2012″ date and "1 Tonne 9999 Gold".
Perth Mint said the coin was a showpiece of the Australian kangaroo gold bullion coin program, and would coincide with the release of several smaller gold coins this week.
The weight and purity of each issue is guaranteed by the West Australian government.
Previous holders of the title of world's largest gold coin include a 31 kilogram Gold Philharmonic coin struck by the Austrian Mint in 2004, which carried a €100,000 denomination. This was followed by a 100 kilogram Gold Maple coin struck by the Royal Canadian Mint in 2007, which carried a face value of CA$1,000,000.

Courtesy- Billion street

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