World's Biggest Coin- a Million Dollar value
[May 7] Canada has seized bragging rights for the largest legal
tender piece of money in the world, by issuing a coin with a face
value of $1 million Canadian.The
previous record holder for large coins was the seventy pound 100,000
euro piece from Austria with a fifteen inch diameter.
Photo
The world's largest coin, a Canadian $1 million pure gold piece,
can only be bought for more than twice its face value because of
the current price of gold.
AP photo/Tom Hanson
Three people have already grabbed
one of their own.
The editor of Canadian Coin News, Bret Evans,
said, "They're (the Canadian Mint) not doing this because there
is a huge demand for 100-kilo gold coins. They're doing it because
it gives them some bragging rights in having the largest pure gold
coin in the world. They'll kick the Austrians out of the Guinness
World Book of Records".
The Canadian $1 million coin will be used
mostly as a promotional tool, as it already has been by a Japanese
coin dealer, to draw attention to smaller, more affordable gold
coins. Then again, it would make one fantastic door stop.