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(Kitco News) – Have a watch for gold? How about seeing the world’s largest gold coin that weighs one metric ton, is made out of 99.99% pure gold and is value greater than $50 million primarily based on present spot gold costs?
The Australian-made coin might be on show proper outdoors of the New York Inventory Alternate (NYSE) for in the future solely on July 16. It is going to be the primary time the coin would have traveled to the U.S.
The “1 Tonne Australian Kangaroo” gold coin was crafted by the Perth Mint in 2011, beating all of the others to the title of the biggest gold coin on the planet, in keeping with the Guinness World Information.
The earlier report holder was the Royal Canadian Mint’s coin that weighed 100 kg (220 kilos).
The large coin is one thing to see — virtually three toes large and 5 inches suppose — it will probably’t be missed.
The Australian authorized tender of the coin is $1 million, however its actual worth is much more. Weighing one metric ton, the coin is now value USD$50,025,586 primarily based on as we speak’s gold spot costs.
The “1 Tonne Australian Kangaroo” options Her Majesty Queen Elizabeth II on the ‘heads’ facet and the basic Crimson Kangaroo in mid-hop on the ‘tails’ facet.
On the border of the coin there’s an inscription that reads: “AUSTRALIAN KANGAROO 1 TONNE 9999 GOLD 2012.”
Disclaimer: The views expressed on this article are these of the creator and should not replicate these of Kitco Metals Inc. The creator has made each effort to make sure accuracy of data offered; nonetheless, neither Kitco Metals Inc. nor the creator can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the creator of this text don’t settle for culpability for losses and/ or damages arising from the usage of this publication.