I was just reading about that. Here is a link to the story. http://news.yahoo.com/s/nm/20070503/od_uk_nm/oukoe_uk_coin
I've sent an email to Thomas Michael at F.& W. to report the Coinzilla for listing in Krause.Man,they are going to have trouble illustrating it,as it will take up 2 pages in the 21st. Century Krause.As for a price,that's a different ball-game all together. Aidan.
ROFLMAO!!!! a kilo = what? 2.2 POUNDS? one of the articles said it was the size of a family pizza!!! WOW!!!!!
Look at the picture, or read the article again. The "coin" is 100 kilos (220 pounds av.) which is equal to 3,215.075 troy ounces! "WOW" my foot - that rates more of a
You certainly wouldn't want to drop the Coinzilla on your foot,as you'd have 5 munted toes or a very sore upper part of your foot. Aidan.
That is huge. A gold mine that I have been to only produces 0.7-1g of gold per tonne of solid rock. On average, if a gold mine hits more than 5g of gold per tonne, that is said to be VERY lucky. Don't ask me how that's profitable when that mine uses up some 27 tonnes of TNT daily. Appearently 3 of such coins have already been sold.
Said to be at mere 10 but will only be minted when orders are made. So far three were sold at 3 million Canadian dollars each.
Gxseries,I can guess that 1 example of the Coinzilla will be reserved for the collection of the Bank of Canada's Currency Museum.If it is the case,then there will be hordes of people wanting to have their photo taken next to the Coinzilla. Are they being offered at C$1,000,000 each? If that's the case,then they're being sold at face value,which technically would not make it a medal-coin in that sense. Aidan.
Er, I did mention that each of them were sold at 3 million Canadian dollars each, not 1 million dollars each. Face value is indeed 1 million dollars but obviously they are marketed at much higher price and there are buyers at that price. Current gold value of 100 kilos is 2,455,684.11 Canadian dollars according to xe.com. Profit of 1/2 million Canadian dollars for each coin. Not bad. Rumors are spreading that one of the buyers is a Japanese gold company, Tanaka Kikinzoku Kogyo who bought two of the previous Austrian gold coins although there is no confirmation yet. Btw no such thing as medal-coin. If it's a "medal-coin", it should be mounted right now on someone's uniform.
Gxeries,that is definitely a medal-coin.I can't believe that they're selling the Coinzilla for 3 times the face value.I'm sure Roy knows what the gold value is in US$ terms. What is worn on a uniform is a war medal or a long service medal,not a medal-coin. Aidan.
Daggerjon,it is another way of saying Non-Circulating Legal Tender (N.C.L.T.).You can find the reference to 'medal-coin' when you use the Search function. Aidan.
yeah i know.. all the posts that have that phrase are left by you. medal-coin is not a word that is commonly used. Oh-well... i use this forum to gather information and learn - if you want to use words that only make sense to you, instead of the more commonplace termanology - thats up to you. as for myself, i now know its nothing more than a word that has meaning only to you. See, i learned something today
