View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Thursday, February 14, 2008

UAE Showcases World's Largest Gold Coin

The UAE loves to be associated with the biggest, the brightest and the richest so it is not surprising that Abu Dhabi, ‘the richest city in the world’, is exhibiting this treasure.

Here is a report from Coin News about the UAE exhibition:

Over the weekend the Royal Canadian Mint (RCM) exhibited the world’s largest gold coin in the United Arab Emirates (UAE).

The Guinness World Record gold bullion coin:
* Has a $1 million face value
* Weighs in at 100-kg (220 pounds)
* Contains 99.99 percent pure 24-karate gold [don’t you love that ‘karate’ gold?!]

The coin was shown in the Canadian Embassy at a reception to further pursue new business opportunities. Royal Canadian Mint President and CEO, Ian E. Bennett, said:

"The Royal Canadian Mint is delighted to come to Abu Dhabi to showcase the world’s best and most exclusive gold bullion coin to the people of the United Arab Emirates. The Mint senses strong business opportunities in a market with such a high concentration of sophisticated investors. We are confident that our superior gold bullion products will more than meet their high expectations.”

Coin News also has embedded on its page a more detailed article from Al Bawaba news article, Royal Canadian Mint displays the world’s purest, largest and highest denomination gold coin in the UAE.

Further details about the coin when it was first unveiled can be found from Wiki News.

Dr Geoff Pound

Image: Heads and tails.