Thursday, 29 July 2010
Worlds Largest Gold Maple Bought
100 Kg Maple Leaf Gold Coin
A Spanish precious metals trading company ORO direct, bought the worlds largest gold coin for €3.27 million euros or £2.6 million pounds, its exact material worth, from the estate of an insolvent investment firm at a rare auction in Vienna on June 25. The 100 kg 220 lb gold coin, one of only five Canadian $1,000,000 Maple Leaf coins that the Royal Canadian Mint has ever produced was bought immediately in a written bid from ORO direct, a gold trading company based in Madrid. The coin made of pure .9999 refined gold went under the hammer at the Dorotheum auction house in Vienna on June 25. The worlds largest gold coin weighs 100 kg 220 lb, measures 50 cm in diameter, 3 cm in thickness and is made from bullion with a purity of .9999. The legal tender coin was introduced on 3 May 2007 by the Royal Canadian Mint with a face value of $1,000,000 CAN.