Million Dollar Coin – Update
Aug 10th, 2007 by capitaladmin
The most valuable coin ever offered in an online-only auction will be available in the Teletrade® Premier Plus auction #2409 on August 16, 2007. It will be the first auction of the world’s largest gold coin, a 100 kilogram $1 million (Canadian) denomination coin recently produced by the Royal Canadian Mint.
“This is an exciting, two-fold event for us and the entire numismatic community,” said Ian Russell, President of Teletrade of Irvine, California, a division of Spectrum Numismatics International.
“This is the first 100 kilo coin that is available for sale to the public. It contains more than $2 million of gold bullion. It will be the most valuable coin ever offered in an online-only auction. And we’re launching TeletradeDirect®, a new service for collectors and investors who want to purchase gold, silver or platinum bullion coins.”
An example of the 100 kilo gold coin will be exhibited by the Royal Canadian Mint during the American Numismatic Association’s World’s Fair of Money® convention in Milwaukee, August 8 – 12. The huge coin is over 20 inches in diameter, an inch thick and weighs a little over 220 pounds (3,215 troy ounces) of .99999 fine gold.
