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That’s a lot of coin! Mammoth $64m Aussie gold coin heads to New York Stock Exchange

A mammoth coin has visited New York. Images: Getty, Perth Mint

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”.

At that weight, that’s around $64 million worth of gold, and is the largest coin in the world, according to Guinness World Records.

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."

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