The Royal Canadian Mint unveiled a welcome addition to any piggy bank, a monster gold coin with a face value of $1 million that it says is the world’s biggest, purest and highest denomination coin.
Weighing in at 100 kilograms (220.5 pounds), the limited edition coin easily dwarfs its closest rival, the 31 kg (68 pound) “Big Phil”, which was made to honour the Vienna Philharmonic Orchestra and has a face value of a mere 100,000 euros (C$150,000).
Originally designed to promote the new one-ounce coins, the colossal 100 kg coins will be produced in a very limited quantity. A U.S. precious metals distributor has ordered three and there is interest in Asia and Europe, the mint said. “We compete for market share with all of these countries and we decided that the time was right to do something to stand out from the crowd once again.”
Source: Reuters
