Have an eye for gold? How about seeing the world’s biggest gold coin that weighs one metric ton, is made out of 99.99% pure gold and is worth more than $50 million based on current spot gold prices?
For only a day on July 16, Australia’s greatest gold coin icon will make its debut in the United States right outside the New York Stock Exchange. It will be the first time the coin would have travelled to the U.S.
The “1 Tonne Australian Kangaroo” gold coin was crafted by the Perth Mint in 2011, beating all the others to the title of the largest gold coin in the world, according to the Guinness World Records in 2012.
This coin was created to showcase the Perth Mint’s wildly-popular annual Australian Kangaroo Gold Bullion Coin Series.
It took the Australian bullion producer 18 months to make.
“It was a long process. We have to design it, the dies had to be cut, the mold had to be assembled and then we had to pour an enormous amount of liquid gold into the mold to make this coin,” Perth Mint CEO Ed Harbuz said.
The previous record holder was the Royal Canadian Mint’s coin that weighed 100 kg (220 pounds).
The massive coin is something to see — almost three feet wide and five inches think — it can’t be missed.
Authorized by the Commonwealth of Australia’s Department of Treasury, this gargantuan coin weighs in at 1 metric ton – over 2,200 pounds – of 99.99% pure gold coin. The coin is massive, measuring 80 cm – almost 3 feet – wide and 12 cm – almost 5 inches – thick. This coin is issued as legal tender in Australia with a face value of $1 million, but it’s worth in gold, at today’s spot prices, is over $49 million!
The “1 Tonne Australian Kangaroo” features Her Majesty Queen Elizabeth II on the ‘heads’ side and the classic Red Kangaroo in mid-hop on the ‘tails’ side.
On the border of the coin there is an inscription that reads: “AUSTRALIAN KANGAROO 1 TONNE 9999 GOLD 2012.”
Want to see how this extraordinary gold coin was made? Check out this Perth Mint video on its creation: