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Perth Mint strikes a new one tonne gold coin worth over US$50 million

Perth Mint strikes a new one tonne gold coin worth over US$50 million

Australia has unveiled the world's largest gold coin, weighing in at a massive 1,000kg.

The Perth Mint has achieved "a record-breaking triumph" with the successful casting of the world's largest gold bullion coin, made from 99.99% pure gold.

It measures nearly 80 centimetres wide and over 12 centimetres thick. It has Australian legal tender status. And at one tonne (1,000kg), it's the biggest, heaviest, inherently most valuable gold bullion coin in the world.

Perth Mint CEO Ed Harbuz said making it was "an incredible challenge, one which few other mints would even consider".

The Australian coin is five times heavier than the world's previous largest gold coin, made by the Royal Canadian Mint.

"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," Mr Harbuz said.

It has a nominal value of A$1,000,000. The gold itself is worth more than US$50 mln.

This YouTube video records its manufacture.

We now have detailed gold, silver and other precious metals data updated daily on this service. Here are the direct links to this new daily data ...
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