Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Today in Tech

    World’s biggest gold coin weighs a ton, costs $57 million

    The enormous coin was unveiled by The Perth Mint of Australia

    Pining for something ridiculously expensive? Perhaps a blinged up iPad 2 or a posh camper? There's a single coin that can afford all those…and more. The world's largest gold coin was recently unveiled by the The Perth Mint in Australia to mark the opening of the Commonwealth Heads of Government Meeting. Weighing an astounding one ton (or 2204 lbs.), it is enormous not only in size, but also in value; the coin's value tops $57.34 million based on current gold prices.

    The "tails" side of the record-breaking coinWhile you definitely can't flip it, the tails side of the coin features a red kangaroo, while the heads side is chiseled with the effigy of Queen Elizabeth II. It's made of 99.99% pure gold, measuring 4.7" in thickness and 31.5" in diameter. Amusingly, it has a nominal value of just a bit more than $1 million, which is obviously way below how much it really costs.

    Perth Mint's one ton kangaroo coin replaces the erstwhile largest, most expensive gold coin in the world by the Royal Canadian Mint. The Canadian coin weighs 220.5 lbs., and was sold to a Spanish company at an auction for $4.2 million back in 2010 — a lightweight and a cheapo compared to Perth Mint's mammoth gold bullion coin.

    Perth Mint via Born Rich

    This article was written by Mariella Moon and originally appeared on Tecca

    See the coin for yourself in this Oct. 28 Reuters video below.

    More from Tecca:

    What do you think?

    What is the draw of luxury items?

    Status Quality
    61%

    7,885 people have answered this question.

    39%
    Loading...
    We apologize. An error has occurred. Please try again.
     
     
    Top Locations York Clawson Kingsport Albany

    21 comments

    • Larry  •  New York, New York  •  2 mths ago
      Are you kidding me? I can think of only one or two vending machines that would take a coin that big. Plus, if you used it to puchase as candy bar that cost perhaps 75 cents, think of all the change you'd have to carry around!
    • Noel  •  2 mths ago
      What's the purpose of flaunting a $57 million coin? As long as it is being used for someone's vain and absurd decoration, it is absolutely worthless!
    • Jim  •  6 mths ago
      Wait for Gold to PLUMMET BACK TO EARTH before buying !!!
      • Frank 6 mths ago
        You got that right. I sure wish that I dumped my stocks and put it in gold about 3 or 4 years ago.
      • pynaetlb 6 mths ago
        What makes you think gold will come down any time soon, much less plummet? Obama has been unusually successful at destroying the American economy and devaluing the dollar. It's going to take a few generations to bring our national debt under control, and that's only if we get rid of ALL the liberals in our government.
    • DNukem  •  Albany, United States  •  6 mths ago
      This is a perfect example of why the world should rid its self of the monarchy, and other elite rich families. (not Buffet and Gates they're commoners not the elite rich.)
    • NB  •  Los Angeles, United States  •  6 mths ago
      Nothing compares to gold...
    • Jane  •  York, United States  •  6 mths ago
      I think it's pretty scary that very soon ONLY the very rich and the Government will have ALL THE GOLD & SILVER! Everyone is constantly being entised(sp?) with good money to sell their gold and silver NOW. And with the ecconomy the way it is (due to the Gov)...people are doing it just to make ends meet. It's also sparked the theft of anything that even LOOKS like gold. Don't leave any jewelry laying around or it'll be gone. Even if you don't normaly have visitors...homes are being robbed by otherwise "normal" teenagers. Everytime I turn around another item of mine is gone, as well as those I know!!

      Are the "heads of government and the rich getting ready for 12/21/12 ?!? Those of us with nothing left will surely BE LEFT behind. I notice in the article that the coin is presented at the "OPENING of the ..... Heads of Government". But even If 2012 is not what it's all about .... look at how much a gold or silver coin is worth dated pre 1935. That's when Uncle Sam MADE EVERYONE turn in their gold and silver. I don't think they'd get away with MAKING us do anything now a days .... unless we dont KNOW they are and the money's good..... Just food for thought. Jane
    • Jane  •  York, United States  •  6 mths ago
      I think it's pretty scary that very soon ONLY the very rich and the Government will have all the gold! Everyone is constantly being entised(sp?) to sell their gold and now silver. It's also sparked the theft of any jewelry you have laying around, as well as home robberies. Everytime I turn around another item of mine is gone!! Is someone getting ready for 12/21/2012 ?!? That would surely leave alot of people behind. Also note that the coin is presented at the "OPENING of the ..... Heads of Government". If 2012 is not what it's all about .... look at how much a gold or silver coin is that's dated pre 1935. That's when the gov MADE everyone turn in their gold and silver. I don't think they'd get away with MAKING us do anything now a days .... unless we dont know they are and the money's good..... Just food for thought. Jane
    • brandonl  •  Orangeville, Canada  •  6 mths ago
      man that thing weighs as much as my small car lol.
    • NB  •  Los Angeles, United States  •  6 mths ago
      Gold will be standard for currency after the crash of the world's economies.
      • Just Me, Richard 6 mths ago
        You can't eat gold, and you can't spend it either, unless it's been minted or exchanged for currency. If the world's economy crashes, gold will be just another shiny thing.
      • Jane 6 mths ago
        Yea. And no one will have any cause we sold it all this year. Gold has been the most important precious metal since the beginning of man and always will be.
    • Rat Racer  •  6 mths ago
      It would be a better deal than 57 million in the stock market.
    • tyb99968817  •  Kingsport, United States  •  6 mths ago
      Give me two of them.!!
    • A Yahoo! User  •  6 mths ago
      to heavy to steal
    • Bill Netter  •  Clawson, United States  •  6 mths ago
      S'cuse Me Australia? Ummm, can you guys loan me $57.34 million dollars please? I promise that I will pay you back with my next payday check .......... Seriously! (grin)
    • peppy  •  Madison, United States  •  6 mths ago
      This will be the only currency when all other paper currencies fail.
    • dregg22  •  Fayetteville, United States  •  6 mths ago
      How can I buy one?
    • VaVaVoom  •  6 mths ago
      I don't get it.
    • Vinh101  •  6 mths ago
      When you think about how gold has chemical properties that are excellent for making electronic devices, you cannot just walk by without thinking "what a waste..."
    • SilverAcorn  •  6 mths ago
      And this huge, unwieldy chunk of metal is good for what? (Besides a legion of armed guards and a building to house it in!]
    • Jon  •  6 mths ago
      Who gives a @#!%. Seriously!!!
    • Guy  •  6 mths ago
      And you wonder why libtards and starving Africans hate us?
      • Just Me, Richard 6 mths ago
        What's a "libtard?" Something you made up to show us how stupid you can be? And why would "starving Africans" hate us for something Australia did?
      • VincentA 6 mths ago
        Guy, the word 'libtard' pretty much proves how ignorant you are.

    Blogs