Perth Mint Announces World’s Largest Gold Coin
The news about 1 ton Gold Kangaroo coin has been announced by Perth Mint of Australia. The 1 ton weight is equal to 1,000 kilograms or 32,150.7466 troy ounces. Based on the current market price of gold, the coin has a value of more than US$55 million based on the gold content alone.
The Perth Mint has announced the news using its Twitter account @perthmint.
The obverse of the coin features Ian Rank Broadley portrait of Queen Elizabeth II and carries the face value of AU$1,000,000. The reverse design features the classic kangaroo design by Dr. Stuart Devlin AO CMG, goldsmith and jeweller to Queen Elizabeth II. The inscriptions include the “2012″ date and “1 Tonne 9999 Gold”.
Previous holders of the title of world’s largest gold coin include a 31 kilogram Gold Philharmonic coin struck by the Austrian Mint in 2004, which carried a €100,000 denomination. This was followed by a 100 kilogram Gold Maple coin struck by the Royal Canadian Mint in 2007, which carried a face value of CA$1,000,000.
You can get more information about that coin at 1tonnegoldcoin.com