Sep 10, 2011

Largest gold coin mint process video

How do Royal Canadian Mint make the largest gold coins? I think everyone of you knew about the World's largest gold coin; Million-dollar coin by now. Royal Canadian Mint has released a video: Making largest gold coin. In this video, they show how the biggest world coin in the world works process done by their stuff. Its not easy to make a big coin like that and from the video, look like almost all the job are done by hands. For a 100 kilos of gold and a pure 99.999/1000 gold, a careful inspection is a must.

How they are making world largest gold coin video

On May 3, 2007, the Royal Canadian Mint (RCM) unveiled a Gold Maple Leaf coin by artist Stanley Witten, with a face value of $1 million Canadian dollar. The weight of the coin is 100 kilograms, and measures 50 cm in diameter by 3 cm thick. The coin is mainly a promotional product to give the RCM a higher international profile. The 100-kilogram coin was conceived as a showpiece to promote the RCM's new line of 99.999 percent pure, one-ounce gold maple leaf bullion coins.

In June 2010, a piece of this largest gold coin auctioned by Dorotheum auction house for 3.27 million euros ($4.02 million). The auction was ordered by the administrator of Austrian investment group AvW Invest, which filed for insolvency in May after its owner and chief executive was arrested on suspicion of fraud, breach of trust and other charges. the auctioned won by ORO direct, a Spanish precious metals trading company. So far, only 5 of this coins exist; including Queen Elizabeth, who is also displayed on one side of the coin, two unidentified investors in Dubai and one who is so reclusive even his or her residence is unknown. Read More.