1 tonne gold coin!!!!!!

bron suchecki said:
however we leased in the metal for the coin, so we didn't buy $53 million worth of gold.
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What happens when whoever you leased it from wants their gold back - do you melt it back down into bars ?? :lol:
 
trew said:
bron suchecki said:
however we leased in the metal for the coin, so we didn't buy $53 million worth of gold.
Click to expand...

What happens when whoever you leased it from wants their gold back - do you melt it back down into bars ?? :lol:
Click to expand...

It will probably be the last thing to be melted should all Depository holders sell up and we can't roll leases or find new lenders, as it will be driving visitors to the Mint.
 
I've always been curious as to what a tonne of gold would look like. Fucking expensive way to quench my curiosity though...
 
bron suchecki said:
trew said:
bron suchecki said:
however we leased in the metal for the coin, so we didn't buy $53 million worth of gold.
Click to expand...

What happens when whoever you leased it from wants their gold back - do you melt it back down into bars ?? :lol:
Click to expand...

It will probably be the last thing to be melted should all Depository holders sell up and we can't roll leases or find new lenders, as it will be driving visitors to the Mint.
Click to expand...

I did want to buy it ,but
It want fit in my pocket ,& a friend wants it for a coffee table :lol:
 
I would love someone to nick it by spray painting it black putting Goodyear logo's on the side and just rolling it out of the mint.
Excuse meExcuse me!! my trucks got a flat.
What a great MOVIE that would make!!!
Casino Royale move over!!!

REDBACK
 
Here's my take, it looks hideous and really isn't something they should show off as it looks like a rushed job. This is just a ploy to outdo the Canadians but at least their coin looks like allot of time has gone into the finished product.

Also what the hell is the point? concentrate on getting me my lunars, I have already been waiting a month.
What a waste of gold.
 
i would buy one of these but they'd probably make the airtight case too small and it would leave a little smudge on the queen's cheek... (dragon kilo proof)
 
I reckon it looks pretty ugly.
they could have given it a bit of a mirror finish like ost coins.
It looks like kids have made it out of clay!
 
Undoubtedly they saw the RCM's giant Maple leaf and wanted to show the world theirs is 'bigger' as dude's are apt ta do LOL
 
FYI for tech heads http://www.compumod.com.au/news_011111.php

Prior to the casting Compumod was engaged by The Perth Mint to create a computer simulation of the planned pour in order to assess the mould and mould fixture's integrity to ensure they did not deflect to a point whereby the critical dimensions of the coin were affected.

Compumod undertook this work using MSC Marc software from MSC Software. This software enabled Compumod to undertake a Non-Linear Transient Finite Element Analysis (FEA) of the pour. Once completed, Compumod was then able to accurately predict temperature distributions and deflections of the mould and mould insert during the pouring of the 1,000 kg of 1,300 deg C molten gold into the mould.

Peter Brand, Technical Director of Compumod said, "At Compumod we have undertaken many interesting types of projects but this was definitely a one off! Due to the amount of gold being poured and its temperature, we had issues not just with the heat transfer and the variation in material properties of the mould and insert, but also the hydrostatic pressure of the gold itself in the mould. I am pleased to say that our analysis confirmed that the as designed mould and inserts were up to the task and we are proud to have been in a small way associated with this record breaking casting."
 
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