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|World's Largest Gold Coin Sells for $4 Million |
View of the auction of the largest gold coin in the world - a 100kg Canadian $1,000,000 Maple Leaf - in Vienna, Austria, 25 June 2010. A Spanish precious metals trading company bought the coin for 3.27 million euros from the estate of an insolvent investment firm. It was sold for its exact material worth - the coin's pure gold value based on Friday's market price. EPA/HANS KLAUS TECHT.
VIENNA (AP).- The world's largest gold coin has been sold at auction in Austria for euro3.27 million ($4 million).
The coin a 2007 maple leaf coin with a face value of 1 million Canadian dollars ($960,000) that weighs 220 pounds (100 kilograms) and has a diameter of 21 inches (53 centimeters) went under the hammer Friday at Austria's prestigious Dorotheum auction house.
It was pocketed by Spanish precious metal trading company Oro Direct.
The Dorotheum said on its website that the impressive sum the coin fetched was largely influenced by the high price of gold.
Copyright 2010 The Associated Press.
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