Canada Unveils $1 Million Coin (Size of a pizza)

[matcom]

<snip>

OTTAWA (Reuters) - The Royal Canadian Mint unveiled a welcome addition to any piggy bank on Thursday -- a monster gold coin with a face value of C$1 million (455,000 pounds) 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).

The Canadian mint introduced the mega-coin, which is the size of an extra-large pizza, alongside the one-ounce gold bullion coins it is mass producing at its Ottawa plant.

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.

At 53 centimetres (21 inches) in diameter and over 3 cm (1.2 inches) thick, the massive coins need a high level of hand crafting.

While it has a C$1 million face value, the coin is worth more than twice that amount given the current gold price of $683.30 an ounce.

http://uk.reuters.com/article/oddlyEnoughNews/idUKN0328796820070503

[Jeff In Milwaukee]

1. Not to be outdone...

Suriname is producing a Surinamese $2 billion banknote the size of a beach blanket...

[trof]

2. Flip you for it.

<grruunnnttt>

[datasuspect]

3. they put the canadian annual GDP into one coin?

canada, be forewarned WE will get your water.

[Deep13]

4. Better hope the exact-change light on the soda machine is not lit. nt

[derby378]

5. The Yap Islanders would take one look at that coin and say, "Amateurs"

Check this out:

http://www.brouhaha.net/palau/yapmoney.html