The Jewelry Insider

June 28, 2010

The world’s largest gold coin sold at auction in Austria for an outrageous sum. Find out the dizzying details.

A golden Canadian $1,000,000 Maple Leaf coin worth approximately $960,000 USD at face value, sold for a whopping $4 million USD last Friday at an auction in¬†Austria. According to auction house,¬†Dorotheum, the 220-pound gem is made from the purest 999.99/1000 gold and is listed as the world’s largest coin in the Guinness Book of Records. The coin bears a large picture of Queen Elizabeth II and the back has three maple leaves. It was most recently on loan to the ‘Munzkabinett’ of the Kunsthistorisches Museum in Vienna, which houses one of the largest coin collections in the world. Dorotheum cited the skyrocketing price of gold as the engine driving the final price to record heights. Spanish precious metal trading company, Oro Direct, was the deep-pocketed patron that took home the golden treasure.

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