$1 Million Coin Reveals in Australia, $1 Million Coin, Perth Mint Unveils the world largest coin ever, A $1 million coin was unveiled by the Perth Mint Thursday, but it won't fit in your pocket with the rest of your loose change.

The1.1 ton gold coin sports a kangaroo on one side and Queen Elizabeth II graces the other. It's actually worth more than $55 million in U.S. dollars. The 31-inch wide, 5-inch deep is 99.99 percent pure gold, making it, as the Perth Mint said in a statement printed in the Christian Science Monitor, "the biggest, heaviest, inherently most valuable gold bullion coin in the world."

Valuable as it may be, though, it's officially legal tender that obviously won't be in practical use. Officials from the mint said it would be an attraction Australians and tourists could enjoy while visiting the mint, according to the Sydney Morning Herald.

"It's a pinnacle of ingenuity and innovation," said Ed Harbuz, the Perth Mint chief executive, to the Sydney Morning News. "To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider,"

The coin is also part of a friendly rivalry with another British commonwealth miles away. Until now, the Royal Canadian Mint had the world's largest gold coins weight 100 kilograms each, just one-tenth of the size of Australia's new piece of change.


Top Searches: $1 Million Coin Reveals in Australia, $1 Million Coin, Perth Mint Unveils the world largest coin ever, $1 million coin minted, $1 million coin: World's largest, most valuable gold bullion minted, $1 million coin in Australia is world’s largest gold coin, Latest World news, world news, latest breaking news, News, latest Australia news, latest Sydney news, latest perth news, world largest coin, $1 million coin, amazing news, unique world coins, interesting news, $1 Million Coin video.

Source: thirdage