Australia’s Perth Mint on Tuesday presented a gold coin encrusted with rare pink diamonds worth 2.48 million Australian dollars ($1.8 million, €1.65 million) to meet growing demand for high-end collectibles .
The 2-kilogram treasure, which depicts a sailing ship, a gold prospector and boab trees found in Western Australia (WA), is considered legal tender and will be sold to the highest bidder.
It was “released in response to the distinct increase in demand for exclusive luxury items,” said Perth Mint Chief Executive Richard Hayes.
“The coin showcases rare pink stones handset in the most famed of precious metals, telling the inspirational rags-to-riches tales of mining for these prized resources.”
Called “Discovery,” it was modeled after the “Holey Dollar,” one of Australia’s first coins, which fetched 495,000 Australian Dollars in 2013.
24th World Olympic Collectors’ Fair – Los Angeles from 6 to 8 Sep 2018.
The 24th World Olympic Collectors’ Fair will be held in Los Angeles & City of Long Beach from 6 to 8 Sep 2018. This annual gathering of Olympic Coin,Stamps ,Pin and Memorabilia is likely to attract 125 Participants from 25 Countries and around 7000+ visitors.
France may discontinue smaller denomination coins to build zero cash economy and further move towards a cashless society like Sweden. Belgium,Finland,Ireland and The Netherlands have already scrapped smaller denomination coins.
Today we remember a stalwart of India Jehangir Ratanji Dadabhoy Tata ( 29 Jul 1904-29 Nov 1993). A Pioneer Aviator,Industrialist, Philanthropist and a great Human being whose ideas and Principles are cherished by millions the World over.