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World's biggest gold coin available at auction PDF Print E-mail

This story covers the current auction of the world's biggest gold coin, a Canadian Maple Leaf with a face value of one million Canadian dollars.

The 'coin' is the same size as the wheel of a car, and weighs 100kg. The auction is the result of a bankrupt sale related to the collapsed value of real estate portfolios.The owner is now in jail pending a trial on various serious charges.

The article notes that it the owner's bankruptcy was not the result of his investment in the gold coin, which was a clever purchase since it has increased in value by millions since he bought it (as recently as 2007).

Other interesting topics touched on in this article cover the ongoing 'inexhaustable' demand for gold coins in Europe, with residents spooked by the Greek financial crisis and worries about the long term viability of the Euro currency.

If you want this coin, you don't have much time left....

 

 

 

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