Monday, October 31, 2011

World's Biggest and Heaviest Gold Coin

The biggest and heaviest gold coin in the world has been unveiled by the Perth Mint in Australia. The giant coin weighs more than one tonne and is worth A $53.5 million (£35.1m). With a denomination of A$1 million, the massive coin weighs some 2,231lb and is 99.99 per cent pure gold. It is 31 inches wide and is more than 4.7 inches thick.

Perth Mint Chief Executive Officer Ed Harbuz said that the Mint' s dedicated team of talented artists and technical staff worked tirelessly for months to create a coin of this magnitude. The stunning coin is the pinnacle of ingenuity and innovation for which the Perth Mint is renowned.

"To cast and handcraft a coin of this size and weight was an incredible challenge, one which few other mints would not even consider," Harbuz said.

The massive coin features a bounding red kangaroo on one side and the Queen's motif on the other. It is Australian legal tender and has a denomination of 1 million AU dollars ($1.05 million) - well below its gold value. The giant coin is a magnificent Australian icon symbolizing one of the Perth Mint's most extraordinary accomplishments in its 112 years of history.

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