This press release from the Perth Mint describes their colossal gold coin, which will be coming to New York to mark the debut of the Perth Mint
Physical Gold Exchange Traded Fund (ETF). -Editor
Checking in with news from The Perth Mint Physical Gold ETF – AAAU – a unique Australian gold investment product now trading on the New York Stock
Exchange. To mark its official launch, the custodian of the fund – The Perth Mint – will be bringing the Australian Kangaroo One Tonne Gold Coin to
the streets of New York City.
Created by The Perth Mint, a government-owned precious metals enterprise and authority on gold, the colossal coin tips the scales at 1 ton (2,205
lbs) of 99.99% pure gold. Measuring more than 30 inches in diameter and over 5 inches thick, this gold icon is worth in excess of $45 million. As the
biggest, heaviest and inherently most valuable gold bullion coin in the world, it holds the title of the “largest coin” ever made by Guinness World
Records. The 1 ton gold coin will be on public display in Experience Square directly outside the NYSE on July 16 only before it embarks on its
journey back to Australia.
I asked the Perth Mint for some additional images and information, and here are the responses. -Editor
Can you provide additional information about the makers of the coin?
The coin was created as the showpiece of the Australian Kangaroo Gold Bullion Coin Program, by the late Dr. Stuart Devlin AO CMG, goldsmith and
jeweler to Her Majesty Queen Elizabeth II.
Who designed the reverse side?
The reverse of the coin, featuring the bounding red kangaroo design was created by the internationally renowned coin designer and metalsmith, the
late Dr Stuart Devlin. This same artistry has been featured on the annual kilo Australian Kangaroo gold bullion coin since the wildlife theme was
introduced to the program in 1989.
The obverse of the coin features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II, accompanied by the inscriptions ELIZABETH II,
AUSTRALIA and the monetary denomination of 1 MILLION DOLLARS.
What are some of the problems that had to be overcome to create such a massive piece?
The coin took some 12 months to create from conception to completion and was formed by melting gold at a searing temperature of more than 2,192°F,
presenting a number of possible challenges. Fortunately, given the size and quality of The Perth Mint's operations, combined with the expertise of
our staff, we were able to successfully make a pure gold coin of this magnitude, in part, by taking the following steps:
• Ensuring that there was no interruption to our standard operations.
• Modifying our refining facilities.
• Creating a special pouring pit and graphite mold.
• Conducting trials at various stages of the project.
• Handcrafting the milled edge and manually finesse the design.
For more information on the ETF, see the prospectus:
Wayne Homren, Editor
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