Australian Mint Turns Out 1-Ton Gold Coin - NBC Southern California

Australian Mint Turns Out 1-Ton Gold Coin

Pure gold coin is worth at least $50M



    Australian Mint Turns Out 1-Ton Gold Coin
    The world's largest gold coin weighs a ton.

    An Australian mint has produced the world's largest gold coin, a giant disk weighing more than a ton and worth more than $50 million.

    The Perth Mint made the coin to comemorate Queen Elizabeth's visit to the city. It has a kangaroo on one side and the Queen's profile on the other.

    Perth Mint CEO Ed Harbuz said in a company release making it was "an incredible challenge, one which few other mints would even consider." More than a dozen people worked on the project.

    The coin is more than 10 times the size of the world's previous largest gold coin, made by the Royal Canadian Mint.

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    "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," Harbuz said.

    The coin is 99.99 percent pure, weighs 1,000 kilograms, or 2,200 pounds, and is worth more than $50 million at today's gold prices.