Despite being worth approximately £34.5 million in gold and with a denomination value of $1 million Australian dollars, you would be hard pressed to take this coin with you on a trip to the shops.
Initially dubbed as impossible by experts, a team of thirty-five working for eighteen months contributed to successfully designing and producing this solid gold behemoth. The design is based on the long running and popular Australian Kangaroo coins produced at the Mint, with the reverse featuring the classic red kangaroo design and the obverse Ian Rank Broadley’s effigy of Queen Elizabeth II.
This record breaker follows the production of a ten kilogram gold coin by the Chinese in the year 2000 and then a one hundred kilogram gold coin created by the Royal Canadian Mint in 2007. With such an impressive target set by the Perth Mint, we wonder who will be willing, or indeed skilled enough, to surpass their efforts as the World’s insatiable desire for gold continues.