The 30kg gold coin of the Austrian Mint, better known as “Big Phil”, (produced with a nominal value of 100,000.00€ in 2004 with a nominal gold content of 1,000oz) held rank for the largest coin, until 2007 when the Royal Canadian Mint produced the world’s largest coin - the $1 million Maple Leaf.
In 2007 CoinInvestDirect.com secured one of five exissting 100kg gold coins and had it display at fairs for anyone who visited the company’s booth; it has been a true eye catcher continuously thrilling its audience.
The sale of this100kg coin by CoinInvestDirect.com has shown how much the demand for gold and the price for this precious metal has increased. In the three years that lay between purchase and sale, the coin could post a capital gain of nearly 100%. Which other investment product made such a profit in those years?
Before the sale by CoinInvestDirect.com, The Financial Times took the opportunity to visit the coin and created a video review of the gold coin in all its shine and glory.
Due to the already incredibly difficult production of 100kg coins, the market is not currently expected to be enriched with further coins of this size in the near future. Therefore, the five existing Maple Leafs from Canada will stay with their 100kg of fine gold - probably the largest of its kind.
Comment (0)
You have to be a registered user in order to post comments. Account Login