Perth Mint introduces Australia’s most valuable gold coin at $2.48m

Source: The Perth Mint

The Perth Mint has unveiled Australia’s most expensive coin, named Discovery. The $2.48 million coin is the most valuable collector coin in history.

The two-kilogram coin boasts two of Australia’s rarest and most precious elements. It is comprised of 99.99 per cent pure gold and four rare Argyle pink and purplish-pink diamonds — the largest of which is 1.02 carat.

The coin was created as an ongoing collaboration with Argyle Pink Diamonds’ major partner, Singapore-based John Glajz, and is intended to tell a story of the most valued natural gems of the two nations, with every facet of its design symbolic of the relentless search of gold and diamonds by early prospectors.

Perth Mint chief executive Richard Hayes said that from the humble beginnings of gold and diamond discovery, two industries have emerged to produce yields that have influenced the development of mining and market desires.

Discovery’s facade depicts a sailing ship and diggers in a rowboat, a 19th century prospector panning for gold in front of miners’ tents, and boab trees and kangaroos. The last two are symbolic of Western Australia’s Kimberley region, where Argyle pink diamonds are found.

Mines and Petroleum Minister Bill Johnston said, “The Discovery coin showcases our country’s prized treasures, and the talents of our craftsmen and women who have transformed them to create this collectors’ item.”

Discovery took inspiration from the holey dollar, which was introduced as Australia’s first official currency in 1814.

The coin will be on display at The Perth Mint’s Hay Street retail store until September 28, unless sold earlier.

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