A 1 kilogram gold coin dotted with a rare red Argyle diamond — the most valuable gold coin in history — has gone on sale Down Under. The cost: AUD$1 million.
The 99.99 percent pure gold coin, dubbed the Kimberley Treasure, was unveiled July 11 at the Perth Mint in Perth, Australia, according to PerthNow. Its makers hope to sell it to a well heeled investor by August.
“I don’t know who will buy it. Someone will buy it. It will make a lovely gift for the lazy million dollars,” said Colin Barnett, premier of Western Australia, at the opening.
The 2.2-pound coin features a red kangaroo clutching the purplish red gemstone between its front paws. On the flip side is Her Majesty Queen Elizabeth II.
Its hefty price tag is due to its radiant Rio Tinto Argyle 0.54 carat red diamond.
Apart from its status as a one-off collector’s item, according to the Australian Broadcasting Corp., the $5,000 coin is also legal tender in Australia.
Perth Mint chief executive Richard Hayes said Argyle diamonds are so rare an entire year’s worth of pink precious yield from the outback mine will fit into the palm of your hand.
“We think we’ll have significant interest, we think mostly from overseas, but there will be significant interest in it,” Hayes said. “I would estimate there’s probably a couple of hundred people [worldwide] who would be interested in something like this.”
For a rare coin that fits every budget, give us a call at Noble Gold at (877) 646 -5347 or fill out the form below for the free guide.