The new 2012 Aussie $1 million coin is the world’s largest, heaviest and most valuable coin ever minted. And, yes, the Perth Mint in Australia ensures that this 2,200-pound, 99.99% pure-gold marvel – measuring 31 inches wide and nearly five inches thick – is official legal tender.
This bit of pocket change is heavier than the combined weight of a 1969 VW Beetle loaded with four passengers.
The gigantic coin took 18 months to craft and is about 10 times heavier than the previous record holder – a $1 million Canadian coin minted in 2007. And, while the mammoth Aussie coin has a denomination of AUS$1 million, its actual gold value is about $58 million at today’s gold price of $1,650 per ounce.
“To cast and handcraft a coin of this size and weight was an incredible challenge, one which few other mints would even consider,” Ed Harbuz, chief executive of The Perth Mint, told The Daily Mail.
The coin, which was conceived to celebrate the Royal visit to Australia, bears Queen Elizabeth’s likeness on the heads side. The tails side features Australia’s national symbol – the kangaroo surrounded by rays of sunshine.
Check out the video of how this coin was created.
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