Biggest coin ever made to sell for £65,000



2015-06-26 11:20:13

Biggest coin ever made to sell for £65,000

The biggest coin ever minted in both size and value is set to sell for around £65,000.

The Royal Mint created just 10 of these coins to commemorate 2012 as the year of the dragon, as well as Queen Elizabeth II’s diamond jubilee. The coins picture the Queen’s head, and on the reverse, a Chinese dragon. The design was created by the Mint’s most senior engraver Gordon Summers.

They measure 4.5 inches in diameter, three quarters of an inch thick, and are made from 1kg, or 32 ounces, of solid gold. While the value of the coin is £1,000 in legal tender, the gold used to make it is worth £33,000 alone. The rarity of the coin indicates its value at likely double that amount.

This is the first coin issued by the Royal Mint with a Chinese zodiac design. Baldwin’s, who commissioned the coins, are auctioning one example in Hong Kong to tap into the developing Asian market. As the coin is officially legal tender (In Alderney, British Channel Islands), no capital gains tax will be paid on it in the future, making it a good investment in gold as well as an interesting rare coin.

It is accompanied by a certificate, all housed together in a mahogany case. The Hong Kong auction will take place on August 23rd. Another of these coins sold for £67,000 in April 2012, so the estimated price may be slightly conservative as to what this coin could achieve.


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