You can imagine my surprise as I’m cruising the internet this weekend, looking for something good to share with you folks, when I stumble upon a story about a 200 pound gold coin. First of all, gold prices are outrageous so who has the wherewithal to make a 200 pound coin out of the stuff? Second, imagine the sound that would make in your headphones! And third, can you imagine digging that thing up? It would probably take an entire team!
Thankfully (or unfortunately, depending on how you look at it) no one will be digging this coin up any time soon. The Times of India is reporting that this is the largest gold coin in the world, and I certainly won’t argue with them! It weighs in at 200 pounds and is approximately 50cm in diameter. It has a maple leaf on one side and an image of Queen Elizabeth II on the other. The Canadian mint is reporting a limited number of these coins will be available on special order while this one is on display in Abu Dhabi.
So how much is it worth? Well the face value of it is about $1 million - Good luck trying to cash that in at the gas station. As for actually purchasing the coin, it will cost about $2.4 million because of the current market value of gold. So all in all, it’s not a bad investment.
Let’s just hope that some rich millionaire invests in 20 of them and drops one on the way home.
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April 6th, 2008 at 6:01 am
so, when one does find gold, where would one sell it? how? what to do first?