World's Biggest Gold Coin Auctioned for $4.02 Million

[silverpop]

talk about one huge and heavy coin 3,215 oz and 53cm across

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

[24HourNut]

Wow, that is huge! I wonder if a store would accept that as a form of payment.

[Brian]

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?

[silverpop]

ok it's a bullion coin

and this coin is a show piece

legal tender? ask a lawyer about this issue

[Brian]

ok it's a bullion coin

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

[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)

[24HourNut]

That's right, I think the article said it had a face value of around 960K or something like that.