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Royal Canadian Mint Unveils $1 Million Coin

Royal Canadian Mint $1 Million Coin (Image courtesy Reuters)By Andrew Liszewski

If you’ve ever visited Canada you’ll know the $1 and $2 coins they use can be a bit annoying since they tend to weigh down your pockets. But as usual it’s the millionaires around the world that suffer the most. A few weeks ago the Royal Canadian Mint unveiled a giant gold coin with a face value of $1 million CDN.

Weighing in at a pocket-bursting 220.5 pounds (or 100 kilograms) the extra-large pizza-sized coin is claimed to now hold the record for the world’s largest and highest denomination. It’s also the purest ever produced with a 99.999 percent purity level. Oddly enough with the current price of gold the coin is actually worth twice the $1 million face value which makes it seem like a pretty good investment as long as you’re willing to break the law and deface or destroy official currency.

Understandably the coin is being produced in a very limited quantity so don’t expect to stumble across one in your change bowl some day.

[ Spare any change? Canada unveils C$1 million coin ] VIA [ Geekologie ]