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World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Fri Jun 25, 2010 4:42 pm
by silverpop
talk about one huge and heavy coin 3,215 oz and 53cm across :shock:

http://www.bloomberg.com/news/2010-06-2 ... irect.html

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Fri Jun 25, 2010 10:37 pm
by 24HourNut
Wow, that is huge! I wonder if a store would accept that as a form of payment. ;)

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Fri Jun 25, 2010 11:48 pm
by Brian
24HourNut wrote:Wow, that is huge! I wonder if a store would accept that as a form of payment. ;)


I could be wrong about this, but I don't think that qualifies as the world's biggest gold "coin" (Guiness not withstanding). For it to be classified as a coin, doesn't it have to be legal tender? If you can't possibly spend it, it can't be legal tender, can it? :scratch:

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Sat Jun 26, 2010 12:23 am
by silverpop
ok it's a bullion coin

and this coin is a show piece

legal tender? ask a lawyer about this issue

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Sat Jun 26, 2010 2:02 am
by Brian
silverpop wrote:ok it's a bullion coin


Thanks for the clarification. Bullion makes more sense to me. :thumbleft:

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Sat Jun 26, 2010 7:44 am
by shimmy
it is a legal coin.
It was made by the RCM. (Royal Canadaian Mint)
It would be classified more as NCLT. (non circulating Legal Tender) :walk:

Re: World's Biggest Gold Coin Auctioned for $4.02 Million

PostPosted: Sat Jun 26, 2010 7:57 am
by 24HourNut
That's right, I think the article said it had a face value of around 960K or something like that.