It could be the largest coin ever, coming in at a weight of 12 tons, a height of 7 meters (~23ft) and a depth of 70 cm (~2.3ft). You could stand from a very long distance away and still make out its golden color, royal portrait and finely detailed rim. You’d probably say it looks like a huge British one pound coin.
Is it too big to be true? In one word… Yes.
Although called a coin, it’s actually made of wood and isn’t legal tender. But it does have a sizable symbolic value. The wooden "coin" was completed and its sized used to symbolize the 50 million pound coins it could apparently hold. (Approximate US value of $101 million.)
It was rolled out today to mark the beginning of the UK public vote in deciding where £50m will be awarded, the largest amount ever, by the Big Lottery Fund. The final four environmental groups competing for the money are:
- THE EDEN PROJECT: THE EDGE - The next evolution of the Eden Project in Cornwall, where communities will be able to share the ideas they have for improving their lives and surroundings.
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(Fallbrook, California) – The Professional Numismatists Guild (PNG) again will provide a scholarship to send a deserving young numismatist to the annual American Numismatic Association (ANA) Summer Seminar in Colorado Springs, Colorado in 2008.
The scholarship will cover airfare, tuition for one of the two week-long Summer Seminar sessions in June, meals and six nights of dormitory accommodations on the campus of Colorado College, site of the ANA headquarters.
“For the fourth consecutive year, we are inviting all young numismatists between the ages of 13 and 22 to apply for the PNG scholarship. To be eligible for consideration, entrants must submit a short essay outlining why they should be chosen as the scholarship recipient. The deadline for receipt of the entries is March 31, 2008,” said Robert Brueggeman, PNG Executive Director.
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I’ve been pondering the ups and downs of gold to help in my gold coin buying decisions. Unlike the experts who have analyzed the numbers and stabbed at their predictions for gold’s future, I’ve taken what I believe to be the soundest approach. What’s that… you’re wondering?
Well, it’s kind of like throwing darts for stock picks. And it’s almost as fun.
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