Canada Unveils $1 Million Coin
The Royal Canadian Mint has unveiled a monster gold coin with a value of C$1 million (£455,000). They claim it's the world's biggest, purest and highest denomination coin.
Weighing in at 100kg, the limited edition coin easily dwarfs its closest rival, the 31kg "Big Phil", which was made to honour the Vienna Philharmonic Orchestra and has a face value of a mere 100,000 euros (C$150,000).
The Canadian mint introduced the mega-coin, which is the size of an extra-large pizza, alongside the one-ounce gold bullion coins it is mass producing at its Ottawa plant.
Originally designed to promote the new one-ounce coins, the colossal 100 kg coins will be produced in a very limited quantity. A U.S. precious metals distributor has ordered three and there is interest in Asia and Europe, the mint said.
Its actually worth $1,000,000 Canadian. You can verify at the Royal Canadian Mint website.
Posted by: amy | Sunday, May 06, 2007 at 02:38 PM