Billed as ‘the world’s largest, most valuable gold coin,’ it’s travelling from Perth, Australia, to New York City for one day only
Described by its makers as “Australia’s greatest gold icon,” a more than $58-million pure gold coin weighing 1,000 kilograms is debuting in New York City for a rare one-day event today.
Cast by the Perth Mint, the one-of-a-kind Australian Kangaroo gold coin is recognized by Guinness World Records as the largest coin ever created. It’s valued at more than $58.6 million. Created to promote Australian gold internationally, it’s launched alongside the Perth Mint Physical Gold Exchange Traded Fund (AAAU ETF) on the New York Stock Exchange (NYSE).
“To bring our award-winning coin and our first exchange-traded fund to the world’s largest financial market is something my colleagues in the Australian gold mining industry, at The Perth Mint, and I are particularly proud,” said Perth Mint Chief Executive Officer Richard Hayes.
“I encourage New York City residents, commuters, visitors and tourists to ‘Say G’day’ while the coin is on display in Experience Square outside the famous New York Stock Exchange (corner of Wall Street and Broad Street) and take the opportunity to see what one tonne of pure gold looks like.”
TODAY UNTIL 7 P.M.
Today, inside the NYSE at 4 p.m., Hayes will be joined by senior executives from the mint and their U.S. counterparts, who together worked to bring the fund to market, to ring the bell to signal the end of the trading day on Wall Street.
“It is an extraordinary occasion for an Australian organization to be granted the honour of ringing the bell at the world’s most famous stock exchange,” Hayes said, adding Australia is the world’s second greatest producer of gold and the leading exporter of “newly mined gold.”
It also processes nearly all of Australia’s gold output and one of the top five suppliers of bullion to international markets.
“Given the maturity of the American market and the understanding by U.S. investors of the importance of holding gold in any wealth portfolio, it was an obvious choice to bring AAAU to market in the world’s share trading capital,” Hayes added. “The fund may be considered a modern investment option for even the most conservative of investors as it offers several features which potentially provide investors some certainty that their gold is easily accessible and safeguarded. Every AAAU share is backed by physical gold vaulted in our extensive facilities in Perth, so at any time investors may choose to exchange part or their entire holdings for a delivery of gold to their door.”
The new 1,000-kilogram Australian Kangaroo gold coin can be viewed in Experience Square directly outside the NYSE today until 7 p.m. (ET) before it embarks on its return journey home to the Perth Mint in Western Australia.