$1 Million Gold Coin Minted
$1 Million Gold Coin Of Australia
Wolrd's biggest, world's heaviest, world's most valuable coin was minted and unveiled by The Perth Mint, Australia's historic precious metals Mint.
[ $1 Million Coin Made In Australia ]
This newly unveiled coin worth a whooping $1 Million dollars, no wonder because this big coin is made from 99.99% purest gold.
Do not be confuse though, this $1 Million coin is the coin's mark (face value) and not its price. According to authorities, this 1012 kilograms almost pure gold coin (99.99%) is worth MORE THAN $53.5 million - now were talking the cost price.
The previous record holder for a $1 Million bullion gold coin denomination is from Canada by the Royal Canadian Mint in May 3, 2007 which currently worth not more than 3 million US dollars.
This Australian giant coin is 80 centimetres wide, 12 centimetres deep, took 18 months to create and features a bounding red kangaroo on one side and the Queen's motif on the other.
Perth Mint chief executive Ed Harbuz said the coin was "the pinnacle of ingenuity and innovation".
"To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider," Harbuz added.
Meanwhile, Perth Mint marketing director Ron Currie said "It's 10 times bigger than the next biggest gold coin, which was produced by the Royal Canadian Mint,".
Currie added that the current unveiled coin was not for sale but they are willing to reproduce it for the right price.
Here's a youtube video we have found.
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