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Largest gold coin sold at $4 mn in Austria

The world`s largest gold coin, weighing 100 kg with a diameter of 52 cm, was sold for 3.27 million euros (about USD 3.99 million) at an auction here.



Vienna: The world`s largest gold coin, weighing 100 kg with a diameter of 52 cm, was sold for 3.27 million euros (about USD 3.99 million) at an auction here.
Spanish dealer Oro Direct offered the price and became the owner, Xinhua reported.

Six bidders were registered for the auction. Oro Direct offered the bid in a written form, while the other five applicants participated through telephone.

The coin was originally owned by Auer von Welsbah (AvW), an Austrian investment management company, which went bankrupt in May 2010.

The coin which was minted in 2007 in Canada with purest and finest gold (99.999 percent) has been listed in the Guinness book of world records.

It bears the largest official portrait of Queen Elizabeth II in solid gold. Three maple leaves, the national symbol of Canada, were minted on the back of the coin.

IANS

From Zee News

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