Insane Waste

Discussion in 'Coin Chat' started by mrbrklyn, Jun 29, 2012.

  1. mrbrklyn

    mrbrklyn New Member

    http://news.goldseek.com/GoldSeek/1340888400.php

    [FONT=Arial, Verdana, Helvetica, sans-serif]also the world’s largest and heaviest gold bullion coin -made from 1 tonne of 99.99% pure gold.

    [​IMG]
    Ed Harbuz, CEO of The Perth Mint, stands beside the massive
    1 Tonne Australian Gold Kangaroo Coin


    "We faced an incredible challenge to produce a coin of this scale, so this is a wonderful endorsement of the talent and expertise of those involved," said Ed Harbuz, Perth Mint Chief Executive Officer.
    [/FONT]
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  3. areich

    areich America*s Darling

    That is the actually coin? I seem to think it is too large to be the coin.
  4. Chiefbullsit

    Chiefbullsit CRAZY HORSE

    OUCH !!!

    Susan B. don't look so bad after all...:D
  5. longnine009

    longnine009 Iconic

    Yap money is that big and they're just rocks.
  6. longnine009

    longnine009 Iconic

    You'd have to use an ICBM silo for a coin tube.
  7. bigjpst

    bigjpst Active Member

    If it was die struck, I would be impressed, but is is basically just a cast sculpture of a coin. I wouldn't mind if they dropped it off at my house though.:D
  8. longnine009

    longnine009 Iconic

  9. ikandiggit

    ikandiggit Currency Error Collector

    I wouldn't call it a waste. The gold is still there. It's isn't like they disposed of it or anything. They just made a frivolous novelty from it.
  10. Cherd

    Cherd Junior Member

    Perth Mint customers are willing to routinely spend $100-350 on an ounce of silver. When this is the case, then they are going to have a LOT of money laying around to spend on frivolous advertising pursuits, such as a ton gold coin.

    I wonder what kind of base-mount they use when standing the "coin" upright like that. Seems like the sheer weight of the thing would cause the gold to deform. In the least, the reeding along the bottom edge would get flattened.
  11. mrbrklyn

    mrbrklyn New Member

    I never spent $300 an ounce from Perth Mint
  12. mrbrklyn

    mrbrklyn New Member

    Where? It would fall through the floor.
  13. Blaubart

    Blaubart Melt Value = 4.50

    I think they should send it in to have it graded. :yes:
  14. A.J.

    A.J. New Member

    Hey-OH!
  15. silentnviolent

    silentnviolent accumulator

    What is the denomination? It looks like the coin reads $1,000,000 but can't see for sure... maybe it says $1,000,000,000!!
  16. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    try getting that slabbed by pcgs or ngc..lol
  17. longnine009

    longnine009 Iconic

    It would be a good publicity stunt if they could do it.
  18. Blaubart

    Blaubart Melt Value = 4.50

    I just noticed that he's handling it by its edges instead of putting his booger-pickers all over the face of the "coin". :thumb:
  19. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna


    Frivolous? Seems to me that this is smart advertising at it's best. Instead of spending huge sums on conventional advertisements, they thought outside the box and produced something that made the media (AKA: advertisers) come to them.
  20. medoraman

    medoraman Well-Known Member Supporter

    I agree. I believe the real "waste" will be the premium anyone pays above melt value for it. The last "world's largest gold coin" sold for melt at auction.
  21. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    at that size I don't think. Its going to matter

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