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Moderator
  United States
23553 Posts |
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You are off your game, Richard! Yes but the Precious Metals Collectors needed to know about this.  |
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Moderator
United States
189502 Posts |
If it were any other forum, I would not agree with you.  |
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Pillar of the Community
United States
4008 Posts |
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Pocket change. Now, THAT would be some pocket! As to the coin itself... does it come with a free fork lift so the proud owner can move it around when necessary?  |
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Pillar of the Community
Australia
7096 Posts |
It would be a nice touch if the craftsmen who made this got to put their signitures on it.  |
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Bedrock of the Community
United States
10044 Posts |
Wonder if they will have it slabbed?  |
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Pillar of the Community
United States
7840 Posts |
It is cast with molds and molten gold, and not minted with dies, a press and a planchet. This may not last as the LARGEST for long (Krugerrand or Panda may be next). I am not sure that this would qualify as a "coin", certainly was entertaining watching the video of the foundry at the house (it was blocked at work).
Do all Australian coins have the "medal" type obverse/reverse design?
Edited by oih82w8
11/01/2011 8:19 pm
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Pillar of the Community
United States
3670 Posts |
Great stuff! You would need a forklift to transport that big golden round....
Could you see me rollin that bad boy into Rick's Pawn shop. I would be like....
"O.K. Chum Lee, we have 2000 pounds of gold. At 1715 dollars an oz, and considering there are 12 oz. in a troy pound, that will make this coin worth just a shade over 41 million dollars, not considering the premium on the coin itself, which should be worth a clean million at least!" With my pinky in my mouth of course....
Then I would say.... "Now I know you need to be able to double your money, so how about 21 million and we will call it a good deal"
Edited by Silverhawk74
11/01/2011 8:00 pm
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Pillar of the Community
United States
931 Posts |
It's hard to believe that anything that small could weigh a ton. I think that they have inadvertantly solved the problem of scrappers stealing manhole covers.
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Pillar of the Community
United States
648 Posts |
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Pillar of the Community
United States
4008 Posts |
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Could you see me rollin that bad boy into Rick's Pawn shop. I would be like.... Yeah, that would be good. I can just see one of those wild Aussies driving a fork lift into the local pub, setting in on the bar, having it fall through the bar, and then yelling "Drinks on me, everybody!". Quote:
It's hard to believe that anything that small could weigh a ton. I think that they have inadvertantly solved the problem of scrappers stealing manhole covers. I predict a rash of sales for pickup truck bed-mounted 2-ton winches. |
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Pillar of the Community
United States
548 Posts |
1 metric ton = 32,151 troy ounces
@ $1750/oz that's $56.3 million
Wow!
I'd be happy with the gold shavings off their machining processes.
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Pillar of the Community
United States
4008 Posts |
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I'd be happy with the gold shavings off their machining processes. Yeah, me too... or a day's interest on Warren Buffet's fortune. |
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Rest in Peace
United States
9104 Posts |
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Why? Who does this benefit, other than a World Record? ... I like to live vicariously through other collectors!
For starters, this should allow for quite a bit of vicarious living. It's advertising, a showpiece to demonstrate what can be done. It's like going into a tabac shop and looking at a $500 hookah while you decide on the $25 one you want. |
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Bedrock of the Community
Australia
21788 Posts |
A one tonne gold coin, eh?
That would be about as cumbersome as some of the larger examples of Yap Island stone money!
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Valued Member
United States
58 Posts |
I would buy one if I hit the lottery and make it into a coffee table. Or put a large gold chain on it and make it a swing.  |
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Posted 11/01/2011 6:14 pm
