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 Replies: 22 / Views: 3,516 |
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Moderator
 United States
23528 Posts |
One ton Gold Coin   The Perth Mint, Australia's historic precious metals Mint, has achieved a record-breaking triumph with the successful casting of the world's largest gold bullion coin, inspired by the popular Australian kangaroo gold coin series. Made from one tonne of 99.99% pure gold, the giant coin is a magnificent Australian icon symbolising one of the Mint's most extraordinary accomplishments in its 112 year history. 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. Link to watch it made is here  http://www.1tonnegoldcoin.com/?utm_...-NL1-Jubileewould someone like to donate one to the forum Please  rggoodie
aka Richard
"catch em doing something right"
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Valued Member
75 Posts |
Amazing! Thanks for sharing....
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Valued Member
United States
302 Posts |
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Valued Member
United States
297 Posts |
I have read this article a couple of times now and I just don't get it. So they made a 1 tonne gold coin and broke the record. So, now what? It just seems like an incredible waste to me.
Edited by Granite
11/01/2011 8:20 pm
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Pillar of the Community
United States
7840 Posts |
Why? Who does this benefit, other than a World Record?  Edited by oih82w8
11/01/2011 3:37 pm
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Valued Member
United States
326 Posts |
I just sent that link off to my brother as an idea of what he could get me for Christmas this year.
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Moderator
United States
188770 Posts |
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Pillar of the Community
Australia
7096 Posts |
The Perth Mint made this coin because THEY CAN  There is that much gold getting mined in Western Australia and most of it ends up at the mint, So why not make this monster coin. It has created a lot of intrest and I doubt that it will hurt the sales from the Perth Mint. Good on them, I can't wait for the 5 tonner  |
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Moderator
 United States
23528 Posts |
Quote:
You are off your game, Richard! Yes but the Precious Metals Collectors needed to know about this.  |
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Moderator
United States
188770 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 |
Quote:
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
10038 Posts |
Wonder if they will have it slabbed? How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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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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Replies: 22 / Views: 3,516 |
Posted 11/01/2011 12:44 pm
