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CoinCollector7777's Blog

06 Jan 2022

1,000,000 Dollar Face Value Coin

Coins | CoinCollector7777

One day ago, someone showed me a picture of a massive coin made of gold. I looked at it and the on the coin said "1,000,000" for one million dollars! It's an Australian coin made of pure gold. It weighs one ton. And it is worth $50,000,000! The person who showed it to me said "if I get that then I'll just go to BestBuy and say 'one BestBuy, please!'" Anyways, if you want to see a picture of the coin, just scroll down.

Comments

Jackson14

Level 4

woah thats huge. have you seen the canadian one? Its a little bit smaller but still pretty big

user_22476

Level 3

That is a really cool coin. really silly though

CheerioCoins

Level 5

That is a lot of gold and I’m surprised it’s 50 times over melt value. Thanks for sharing!

$tarCollector

Level 4

Very large coin. If it was solid gold it would cost too much.

Kepi

Level 6

For publicity... It's amazing but kinda silly... ; )

$tarCollector

Level 4

Yes, it must be a mold at least.

thatcoinguy

Level 5

It is a publicity stunt.

Anakin104

Level 4

wow that is a lot of gold

user_9073

Level 5

Long Beard point is correct about this coin NOT being struck. It was cast in a graphite mold and then hand finished. If interested, search "Australian one ton gold coin" for videos. You will find a 3 minute video on making this coin at the Perth Mint.

"SUN"

Level 6

I guess it is not pocket change

lol

Longstrider

Level 6

I remember Canada struck a number of 100 kilo gold coins, 221 pounds. One was stolen out of a bank in Germany. The thieves rolled it out a window. Never recovered. Thanks.

TheHobbyist

Level 4

Yeah, I think it was melted. But I think it was a museum, not a bank.

AC coin$

Level 6

If it is that large it could be worth more than $50M . Great image . Thanks for sharing . Are you going to hide it under the bed? It is huge!!!!

Mike

Level 7

I agree with Long Beard. I don't get it! What would be the purpose of it?

I. R. Bama

Level 5

I think the purpose was: 1. To show off 2. Because we can! LOL

I. R. Bama

Level 5

I see it sourced on other websites.... Also a Canadian like it too

Long Beard

Level 5

I could very well be wrong, but in order to strike anything remotely that size is almost impossible. I remember back in 2009 when the U.S. Mint was experimenting with the then soon to be released 5 ounce silver bullion which began in 2010. Those are only three inches in diameter and the difficulty they had was extreme. Large dies being tough to strike up properly. With this one, I would surmise that it's a stage prop for a photo-opportunity by the Perth Mint. My thoughts any how. Yet still an interesting blog subject either way.

I think they might have hand carved it...

Golfer

Level 5

Awesome gold coin. Have not seen it yet. Thanks for posting.

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