$1,000,000 One Million Dollar Gold Bullion Coin: World's largest, most valuable gold bullion ever minted!!

A $1,000,000 One Million Dollar Gold Bullion Coin, which is the world's largest gold bullion coin, has been minted by The Perth Mint, Australia's historic precious metals Mint. Inspired by the popular Australian kangaroo gold coin series, the $1 million coin is made from 99.99% pure gold. With a massive weight of 1,000kg, the magnificent giant coin symbolizes one of the Mint's most extraordinary accomplishments in its 112 year history. Australia's $1 million coin measures nearly 80cms wide and more than 12cms deep, making it the new biggest gold coin in the planet. The previous record holder was the 1 million dollar gold maple leaf coin released by the Royal Canadian Mint in May 2007 - the coin weighs 100kg and measures 50cms in diameter and 3cms in thickness. Perth's $1 million coin is also the world's most valuable gold bullion coin. It reportedly has a USD $55 milliondollar price tag on it!

 

 

Gold Bullion

          A very commonly asked question is "What is Gold Bullion"? and If you've scoured the internet in search of this question then you would've most likely come across the many-many articles, blogs, and forums all saying the same thing: 'Gold Bars - Commonly referred to as a Bullion' & 'Gold Bullion Coins' which are coins of modern mintage. Now, Gold Bullion Coins are not to be confused with the Numismatic Gold Coins which are thought of as investment type grade of Gold, or Gold rarities like the ever so popular "$20 Liberty St. Gaudens"... but as not to take you off track, a very popular and common investment among the modern Gold Bullion Coin is the "American Double Eagle". (pictured here for your reference)


(click image to see a larger view)

          While what you've read is most likely accurate, and such should be the case, it probably doesn't solve the real underlining question that you have about the Gold Bullion, and that is "What is my best investment choice of coins", and "I hear a lot about Numismatic Gold Coins and Gold rarities, so which is better"? Am I right? If not, then you can stop reading because the rest will probably be boring to you, as this article pertains to first time investors of Gold Bullion, or those still learning and looking to diversify their portfolio with Gold Coins.

 

Gold Bullion Bar vs. Gold Bullion Coins

          Just to cut through all the boring vernacular mumbo jumbo associated with a precise definition of the terms (but just in case you're curious you can check out our GOLD 101 page and read a bunch of definitions until your hearts content). So let's keep it simple an easy, as such why I named my business GOLD IN 3 EASY STEPS, because it is easy and it doesn't have to be difficult.

          Simply put, you would only need to buy Gold Bullion Bars if you're planning on making a LARGE purchase of gold to store in a recognizable, insured, and secure facility like the Delaware Depository, or if you plan on physically using the Gold like say for manufacturing or to use in electronics. In these types of ways, purchasing large Gold Bars may prove to be the most proficient and cost effective method. Can you imagine a few thousand coins laying around trying to keep track of them all. So what is a large amount? Let's just say for this example anything in excess of $100,000. I've told you the up side of buying Gold Bullion Bars, now the down side to it is the costs associated to insure, transport, and facillitate the Gold can be quite expensive in itself, not to mention the time consuming and tedious task of finding a buyer to liquidate such a large chunk!

          Ok, now on to the Gold Bullion Coins. Ah, yes there is quite an alluring sense of appeal to these shinny chunky little critters. You'd immediately fall in love once you've seen one in person, or have held one. I swear you wouldn't want to put it down, and would probably end up flipping it over and over from front to back thinking that you'll find something new on each flip. It's ok you can put it down now, just as long as it's not in your pocket. Well not unless you've paid for it of course. So why Gold Bullion Coins? Well they are the most practical and tradable forms of Gold in the market. It is also recognized world-wide and can be traded and sold nearly anywhere. The Gold Bullion Coins are also of a recognized weight, and of the finest Gold that you can purchase for the current market price of Gold. However, there are some small percentage fees associated with the cost of refining, fabricating, insuring, and shipping the Gold to its destination, be it to a secure vault or directly to your home.