Canada’s new 200-pound coin

canadacoin-200×148.gifYou probably won’t want to carry the world’s biggest pure-gold coin in your pocket.

The new Canadian coin is about an inch thick with a 20-inch diameter. It weighs about 200 pounds and is 99.999 percent pure gold.

The face value of the coin is 1 million Canadian dollars, which is equivalent to about $900,000 in the U.S. But because of the gold’s value, the coin actually sells for about $2.7 million.

So if you can’t put it in a vending machine, why did the Canadians make such a huge coin?

Mostly for bragging rights and to give the Canadian mint a higher international profile.

Three people have already bought one of the coins.


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