On Thursday 27 October 2011, 21:04
The Perth Mint has unveiled the world's largest and most valuable gold coin.Weighing in at just over one tonne, the 99.99 per cent pure gold coin has been valued at more than $50 million.
A team of a dozen people have worked since late last year to create the coin which measures 80 centimetres wide and 12 centimetres deep, featuring a kangaroo on one side and the Queen's motif on the other.
Mint chief executive Ed Harbuz says the idea was to make it the biggest and best in the world.
"The largest coin in the world up to now has been 100 kilograms, made by a competitor mint, and 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," he said.
"To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider."
6 comments
- 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentA Yahoo!7 User Report Abuse
Honest John, the Perth Mint pays for itself 10 times over you dummy! No taxpayer money required. FFS some people are stupid.
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this commentwanderer Report Abuse
It is our coin ! If parts of the world can not feed themselves due to limitations of the environment, they should stop breeding ....
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentchanita Report Abuse
I wonder how many homeless that could feed...But I suppose making the biggest coin is more important and a symbol of where our priorities lie in the lucky country
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 0 users disliked this commentchanita Report Abuse
Its also the second biggest gold con...the biggest is with the families who own the world bank
Reply - 0 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this commentHonest_John Report Abuse
It's just fantastic that the taxpayer had to pay 6 persons wages for over 6 months to create this...great to see they have their priorities right
Reply - 1 users liked this comment Please sign in to rate this comment up. Please sign in to rate this comment down. 1 users disliked this commentJohn VN Report Abuse
So . What a waste of money time and effort, Just to have the biggest gold coin Now what will they do with it .I hope it doesnt get stolen
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