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05-05-2007, 09:52 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Attn G*ld Bugs
 Quote:
Canada mints 200-pound, solid-gold coin
Got change for a million? Canada does: the world's biggest pure gold coin at 200 pounds. Already, three buyers have shelled out for one of the 1 million Canadian dollar coins introduced last week.
The Royal Canadian mint made the coins — 20 inches in diameter and 1 inch thick — mostly to seize the bragging rights from Austria, which had the record with a 70-pound, 15-inch wide coin.
"They're not doing this because there is huge demand for 100-kilo gold coins," Bret Evans, editor of Canadian Coin News said Saturday. "They're doing it because it gives them some bragging rights in having the largest purest gold coin in the world."
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http://news.yahoo.com/s/ap/20070505/...Dp_CbdItXMWM0F
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05-05-2007, 09:57 PM
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#2
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 331
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Re: Attn G*ld Bugs
I saw that... and I want one 
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05-05-2007, 10:09 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Attn G*ld Bugs
need one for both left and right pocket or you'll be unable to stand straight.
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05-06-2007, 03:05 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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Re: Attn G*ld Bugs
Kinda big! Since you will have problems storing it safely... you can leave it with me. I will keep it safe for you!
Just let me know when you need it back. 
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05-06-2007, 11:09 AM
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#5
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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Re: Attn G*ld Bugs
Reminds me of Yap Island Stone money, only smaller. The Yahoo link didn't work for me but this one did.
http://www.citynews.ca/news/news_10630.aspx
In best government tradition, the amount of gold is actually worth more than the coin is selling for. Maybe we should pool together to get one.
Adds new meaning to the phrase, "Buddy can you spare some change."
__________________
Angels danced on the day that you were born.
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05-06-2007, 04:32 PM
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#6
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 331
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Re: Attn G*ld Bugs
Quote:
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Originally Posted by bssc
Maybe we should pool together to get one.
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Sure! I've got $10 to throw into the pool 
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05-06-2007, 07:15 PM
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#7
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Full time employment: Posting here.
Join Date: May 2006
Posts: 859
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Re: Attn G*ld Bugs
I'm not sure how they compute the price of this thing but :
100 kg = 220.462 lbs = 12 x 220.462 = 2645.544 troy ounces x $683.30 = $1,807,700 in American dollars.
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05-06-2007, 07:49 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Attn G*ld Bugs
Anyone that buys one...I have a gigantic wishing well in my back yard...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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05-06-2007, 11:03 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,298
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Re: Attn G*ld Bugs
[quote=bssc ]
...In best government tradition, the amount of gold is actually worth more than the coin is selling for. Maybe we should pool together to get one.....
"It takes about six weeks to make and has a face value of 1 million Canadian dollars ($903,628), though it sells for approximately $2.7 million depending on the market value of gold."
Dang. face value. thought there was a major arbitrage situation there - not that I've got a cool million kicking around loose, but still...
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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05-07-2007, 04:48 AM
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#10
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Full time employment: Posting here.
Join Date: Aug 2006
Location: Columbus
Posts: 769
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Re: Attn G*ld Bugs
Just got an idea for a little extra retirement money. Think I'll work on a design for chairside brandy tables, use the coins for the tops. :
Prolly have to setup delivery through Brinks cause UPS might lose the shipment.
__________________
100% retired and working hard at it.
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