Australia has unveiled the world's largest gold coin, weighing in at a massive 1,000kg.
The Perth Mint produced it in time for Queen Elizabeth's visit to the city in Western Australia for the Commonwealth heads of government meeting.
The coin has a kangaroo on one side and the Queen's profile on the other. It is nearly 80cm in diameter and 12cm thick.
Perth Mint CEO Ed Harbuz said making it was "an incredible challenge, one which few other mints would even consider".
The Australian coin is five times heavier than the world's previous largest gold coin, made by the Royal Canadian Mint.
"We thought well, we'd better make it so much bigger that it'll stay the biggest coin in the world for a long time," Mr Harbuz said.
Australia's coin is 99.99% pure and has a nominal value of A$1,000,000 ($1,061,000; £663,000). The gold itself is worth more than A$50m.
http://www.bbc.co.uk/news/world-asia-pacific-15477426
Pocket change
Pocket change
“If you trust in yourself, and believe in your dreams, and follow your star. . . you'll still get beaten by people who spent their time working hard and learning things and weren't so lazy.”
Re: Pocket change
I'd hate to see the size of the pokie...
Why is it that when Miley Cyrus gets naked and licks a hammer it's 'art' and 'edgy' but when I do it I'm 'drunk' and 'banned from the hardware store'?
Re: Pocket change
Hmmmm. It would be worth investing in one just to melt it down and resell it.Gob wrote:Australia's coin is 99.99% pure and has a nominal value of A$1,000,000 ($1,061,000; £663,000). The gold itself is worth more than A$50m.
http://www.bbc.co.uk/news/world-asia-pacific-15477426
Which doesn't strike me as a wise currency plan, particularly if you want the record of the world's largest coin.
Bah!
Re: Pocket change
Yes, I have to say that having the material your currency is made from have a market value 50 times the face value of the currency doesn't strike me as a particularly good strategy....
