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Genuine 1Kg Solid Gold Kilo Olympic Coins From The Royal Mint - £100,000 Each

Steve
Pro
Posts: 6,680
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Registered: 13-07-2009

Genuine 1Kg Solid Gold Kilo Olympic Coins From The Royal Mint - £100,000 Each

This is not an April Fool's joke, although I'm convinced that the Olympic committee are having a laugh! There are only 60 available..
Quote
A historic new UK coin for a landmark event!
In 2008 the Royal Mint's Olympic Coin Programme shared its vision to create the first ever UK coin weighing one Kilogram. To do this required a change to UK Legislation, specifically an amendment to the 40-year-old 1971 Coinage Act, a clause which limited the weight to which UK coins could be made. The launch of these two magnificent UK kilo coins, the first kilo coins of the realm, is the culmination of a journey which saw the introduction of this new primary legislation, itself further evidence that at the highest levels the UK not only supports the aspirations of London 2012, but is prepared to make legislative history in the process.
The proud few who will own a limited edition Royal Mint Olympic kilo coin from the Royal Mint will become part of that legacy.

The gold has a face value of £1,000, but each of the 60 coins will cost collectors £100,000 (Good to see "Rip-Off Britain" at work, lol)
http://www.royalmint.com/our-coins/events/london-2012/london-2012-kilo-coins

proof
2 REPLIES
Community Veteran
Posts: 5,321
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Registered: 21-03-2011

Re: Genuine 1Kg Solid Gold Kilo Olympic Coins From The Royal Mint - £100,000 Each

1Kg Gold Bullion bar price = £32,228 on Friday 30th March (goldline.co.uk)  It makes £100K seem a bit steep.
Now Zen, but a +Net residue.
pierre_pierre
Grafter
Posts: 19,757
Registered: 30-07-2007

Re: Genuine 1Kg Solid Gold Kilo Olympic Coins From The Royal Mint - £100,000 Each