Australian Mint Gold Coin Weighs One Ton

11/02/2021 10:10 AM ET

Australian Mint Gold Coin - An Australian mint has produced a $50 million gold coin that weighs one ton. The massive disk, imprinted with a kangaroo emblem, is the largest in the world, according to NBC Los Angeles.

The company, Perth Mint, says the coin is more than 10 times the size of the world’s previous largest gold coin, made by the Royal Canadian Mint.

According to The Sydney Morning Herald (SMH), the enormous coin is about 31.5 inches wide and 4.7 inches deep and is 99.99 percent pure gold.

Perth Mint chief executive Ed Harbuz said the coin was ‘”the pinnacle of ingenuity and innovation” in a video of the coin’s making.

”To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider,” he said.

The coin’s creation was an 18-month process as the features include details like a bouncing red kangaroo on one side and Queen of England Elizabeth II’s motif on the other.

The Perth Mint was founded with the Perth branch of Britain’s Royal Mint in 1899. It is commonly referred to as the Gold Corporation. According to its website, the company operates Australia’s only LBMA accredited gold refinery, which refines most of Australia’s gold production, gold from surrounding countries and also secondary gold, mainly from Asia. It is one of the highest throughput gold refineries in the world and also refines considerable quantities of silver.

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