Jul 12, 2016
Two Investments in One: The Million Dollar Coin
The very first gold coin featuring a rare red diamond has just been released by the Perth Mint in Australia in collaboration with Rio Tinto aptly named, “The Kimberley Treasure”. The magnificent coin features Australia’s majestic red kangaroo holding a gorgeous 0.54 carat purplish red diamond from the esteemed Argyle diamond tender hand set into a one kilogram 99.99 percent fine gold coin.
Touted as an “investment piece” by the miner this is indeed a rare combination of hard assets in one and has been designed for the discerning investor with a US price tag of $1,000,000. Aside from its elite status as a prized collector’s item, the coin with the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II on the obverse, proudly boasts its status as legal tender of Australia.
Western Australia’s Premier Colin Barnett was at the Perth Mint to unveil the coin which officially goes on the market today (Tuesday, July 12th 2016).
“The Perth Mint and Rio Tinto’s Argyle pink diamond mine have been at the hub of Western Australian industry for decades, so I am delighted to unveil a collector’s item which captures two of the most beautiful treasures of our State,” WA Premier Colin Barnett announced.
With an average of 1 carat worth of red diamonds being produced each year from the Argyle mine, and gold prices increasing particularly during this global economic uncertainty we are facing, this is a once in a lifetime opportunity for the wealthy investor who purchases this rare coin.
The single limited edition coin is available exclusively through the Perth Mint where it will be available for viewing until late August. http://www.perthmint.com.au/