World?s biggest gold coin weighs a ton, costs $57 million (Yahoo! News)

The enormous coin was unveiled by The Perth Mint of Australia

Pining for something ridiculously expensive? Perhaps a blinged up iPad 2 or a posh camper? There's a single coin that can afford all those?and more. The world's largest gold coin was recently unveiled by the The Perth Mint in Australia to mark the opening of the Commonwealth Heads of Government Meeting. Weighing an astounding one ton (or 2204 lbs.), it is enormous not only in size, but also in value; the coin's value tops $57.34 million based on current gold prices.

The "tails" side of the record-breaking coin

While you definitely can't flip it, the tails side of the coin features a red kangaroo, while the heads side is chiseled with the effigy of Queen Elizabeth II. It's made of 99.99% pure gold, measuring 4.7" in thickness and 31.5" in diameter. Amusingly, it has a nominal value of just a bit more than $1 million, which is obviously way below how much it really costs.

Perth Mint's one ton kangaroo coin replaces the erstwhile largest, most expensive gold coin in the world by the Royal Canadian Mint. The Canadian coin weighs 220.5 lbs., and was sold to a Spanish company at an auction for $4.2 million back in 2010 ??a lightweight and a cheapo compared to Perth Mint's mammoth gold bullion coin.

Perth Mint via Born Rich

This article was written by Mariella Moon and originally appeared on Tecca

See the coin for yourself in this Oct. 28 Reuters video below.

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Source: http://us.rd.yahoo.com/dailynews/rss/techblog/*http%3A//news.yahoo.com/s/yblog_technews/20111101/tc_yblog_technews/worlds-biggest-gold-coin-weighs-a-ton-costs-57-million

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