Australian Mint Turns Out 1-Ton Gold Coin

Pure gold coin is worth at least $50M

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.

1st Look: Decollage & Schaeffer's Garment Hotel

"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.

Contact Us