Yahoo Finance That’s a lot of coin! Mammoth $64m Aussie gold coin heads to New York Stock Exchange
A ginormous one tonne gold coin has been shipped to the New York Stock Exchange to promote Australian gold now available to American investors.
The coin, made by the Perth Mint, features a jumping kangaroo and is 99.99 per cent pure gold.
It measures 80cm by 13cm, with an inscription reading “AUSTRALIAN KANGAROO 1 TONNE 9999 GOLD”.
Related story: Check out the new-look 50 cent and $2 coins
Related story: Woman finds 14th century coin worth $5.4K in secret drawer
Related story: Rare Australian penny sells for $1.15 million
At that weight, that’s around $64 million worth of gold, and is the largest coin in the world, according to Guinness World Records.
There are only a few hours left to catch the #1tonnegoldcoin at @NYSE before it returns home to #Perth @Australia! Did you know the coin measures more than 80cm in diameter and is over 12cm thick, making it the largest coin the world? pic.twitter.com/bNh511T5ZL
— The Perth Mint (@perthmint) July 16, 2019
The coin was displayed outside the NYSE to mark the launch of the Perth Mint Physical Gold Exchange Traded Fund (AAAU), with Perth Mint chief Richard Hayes ringing the bell to signal the end of the trading day.
The coin will come back to Australia after its New York visit. The coin had previously visited Europe and Asia in 2014, after being cast in 2012.
"Every AAAU share is backed by physical gold stored in our central bank-grade vaulting facilities in Perth, so at any time investors may choose to exchange part or their entire holdings for a delivery of physical gold to their door," Hayes said.
"The physical gold that backs each AAAU share is guaranteed by our sovereign owner, the government of Western Australia."
Make your money work with Yahoo Finance’s daily newsletter. Sign up here and stay on top of the latest money, news and tech news.
