Australia unveils world’s largest gold coin

one tonne gold coin

Australia has unveiled the world’s largest gold coin, weighing a massive 1,000 kg, to mark the visit of Queen Elizabeth II.

The Perth Mint produced it in time for the Queen’s visit to Western Australia for the Commonwealth heads of government meeting.

The coin has a kangaroo on one side and the Queen’s profile on the other. It is nearly 80 cm in diameter and 12 cm thick.

Australia’s coin is 99.99 percent pure and has a nominal value of $1 million Australian (US$1,061,000). The gold itself is worth more than $50 million Australian.

The Australian coin is five times heavier than the world’s previous largest gold coin, made by the Royal Canadian Mint (pictured below), the BBC reported.

Via ibtimes

Royal Canadian Mint gold coin