Early this morning U.S. time, the Perth Mint unveiled the world’s largest gold coin. The 1 Tonne Gold Kangaroo Coin is made from 99.99-percent pure gold, weighs one tonne (1,000 kilograms or 2,204.62 pounds), is 80 centimeters (31.49 inches) in diameter, and 12 centimeters (4.72 inches) thick. The obverse features Queen Elizabeth II and the reverse features a Red Kangaroo. The coin has a face value of AU$1 million ($1.04 million U.S. Dollars) and contains $55.23 million in gold (at the spot price $1718 per troy ounce).
Why did the Perth Mint do this? As a publicity stunt, of course. In a video produced by the Perth Mint (see below), the director said that it will be part of their exhibit for the 100,000 people per year who come to visit their facility. Certainly, the chance to see the World’s Largest Coin will be an attraction that will increase the number of visitors.
You can see how the Perth Mint made the coin in their video below.