$1 Million Coin Reveals in Australia

$1 Million Coin Reveals in Australia

$1 million coin, the world's biggest gold coin was unveiled by Perth Mint in Australia.

The 1-ton whopper, which at 80 centimetres in diameter and 12 centimetres deep with a face value of 1 million Australian dollars (1.04-million US dollars), is the size of a manhole cover, contains gold worth a whopping 55-million Australian dollars.

The coin has a kangaroo on one side and the face of Queen Elizabeth II on the other.

"It's 10 times bigger than the next biggest gold coin, which was produced by the Royal Canadian Mint," Ron Currie, Perth Mint Marketing Director said.

Currie added that the coin was not for sale but that the mint would produce a replica if the price was right.