That’s not a gold coin, THIS is a gold coin
The globe's biggest, most valuable gold coin necessitated 12 laborers to strike it, according to a published report.
Employees at the Perth Mint in Australia began working on the 99.99 percent pure 1 Tonne Gold Kangaroo Coin in late 2010. With an 80-centimeter diameter (roughly 31.5 inches) and 12 centimeters thick (nearly 4.75 inches), the coin is valued at $50 million in Australian currency (about $53.63 million in U.S. dollars). The coin weighs one metric ton, which equals almost 35,274 ounces.
"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," chief executive officer Ed Harbuz with the Perth Mint told Solomon Star News.
With gold prices at $1,745.20 per troy ounce in U.S. dollars at 2:48 p.m. on Thursday, the Perth Mint's gold coin is worth $61,560,184.80 per troy ounce.
Under bullion's record-high prices of $1,923.70 per troy ounce set early last month, the gold coin would be worth $67,856,593.80 per troy ounce.
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