The Perth Mint recently revealed the product of their monumental efforts at producing the world’s largest gold coin, which weighs in at an astounding 1000kg (2200 lbs). The video below shows how it was done:
From the recent press release:
Chief Executive Officer, Ed Harbuz, reveals that the Mint’s dedicated team of talented artists and technical staff worked tirelessly for months to create a coin of this magnitude. “To cast and handcraft a coin of this size and weight was an incredible challenge, one which few other mints would not even consider,” he said.As the showpiece of the Australian Kangaroo Gold Bullion Coin Program, its classic design by Dr Stuart Devlin AO CMG, goldsmith and jeweller to Her Majesty Queen Elizabeth II, has featured on each annual 1 kilo release in the series for more than 20 years.The one tonne masterpiece features a bounding red kangaroo surrounded by stylised rays of sunlight and bordered by the inscription AUSTRALIAN KANGAROO 1 TONNE 9999 GOLD and the year-date 2012.
And its legal tender, but rather difficult to carry around:
Issued as Australian legal tender, the obverse of the coin features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, accompanied by the inscriptions ELIZABETH II, AUSTRALIA and the monetary denomination of 1 MILLION DOLLARS.
The coin’s denomination is $1,000,000 Australian dollars, but at the current price of gold, its value is more than $52,000,000 U.S. dollars.
This is 4 times the weight of the Toi Kinzan gold bullion bar which has held the record as the world’s largest gold bullion bar.
http://www.youtube.com/watch?v=R1KoF8Ik24Y&feature=player_embedded
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