China largest coin auctioned by China Guardian Auctions Co Ltd for $1.18 million (7.70 million yuan) at an auction in Beijing. The Y2K Commemorative Gold Coin with a face value of 3000-yuan, weight at 10 Kilo of .9999 pure gold and minted in 2000; come with original package and certificate no.17. This gold coin is the biggest of its kind first appeared in the world’s modern coinage. Only 20 of this coins are minted. In 2000, this People's Bank of China 2000 Millennium commemorative gold coins, listed in World Guinness record book as the largest and heaviest gold coin.
The large coin was auctioned off by China Guardian Auctions Co Ltd after twenty-two rounds of bidding on Saturday. Minted in 2000, the coin is the heaviest gold coin minted ever since the Chinese government started minting gold and silver coins in 1949, said Guo Xueguang, manager with the philatelic items and coin department in Guardian Auctions. The coin is 99.99 percent gold, with a par value of 30,000 yuan. It combines both traditional and modern markings, making it highly valuable for collectors, he said.
Gold and silver coins have become more popular in recent years for their surging prices and ability to resist inflation. A 5-kilogram commemorative coin issued by China was auctioned for 10.30 million yuan in Japan last April, said Guo.
Source: China Daily
Search this blog
Subscribe via email for free
Enter your email address below
Activate your subscription by clicking on the link in an email from us. We respect your privacy. You can unsubscribe anytime.
I am looking for a video about how to make counterfeit money in youtube. What I found is a shocking story how easy it is to make a counter...
Today I share with you Malaysia rare coin price and value Infographics. I am not very good at Infographics but will try to improve them nex...
I don't know why Malaysian are very easy to believe in scam. Most probably because of promise of high return. I had been sharing so man...
I had been writing about "nilai duit lama" (Malaysia old currency value) a long time ago but still many of my readers, email me a...
In September 2010, world's most expensive penny , a Lincoln cent struck in the wrong metal at the Denver Mint in 1943, has been sold f...