30 Day Free Trial - MarketWatch Retirement Weekly
The Perth Mint Australia
 

12 Ton Coin Unveiled in Central London

AnswerTips   

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.

  • SUSTRANS’ CONNECT2 - UK-wide project that aims to improve local travel in 79 communities by creating new walking and cycling routes for those everyday journeys.
  • BLACK COUNTRY URBAN PARK - A project to entice visitors to discover the Black Country. Plus, more than 800,000 people will live within walking distance of a much needed attractive, safe environment.

More details, including an image of the wooden coin, can be found on inthenews.co.uk by reading, £50m lottery vote begins.

Related News

  • London Olympic Dig Reveals Old Roman Coin and Pottery
  • NGC Announces Expanded Star Designation
  • Nicaragua Releases New 10 Cordobas Coin Worth 52 Cents
  • $100 Billion Note Introduced in Zimbabwe
  • Central States Numismatic Society Donates $50,000 to the ANA
  • Royal Mint Unveils New United Kingdom Coins
  • Euro Counterfeit Banknotes Increased in Second Half of 2007
  • Fake £1 Coins Gets London Counterfeiter 5 Years in Jail
  • $10 Million Note Introduced by Central Bank of Zimbabwe
  • London Fix Charted - Silver, Gold and Platinum (Nov 9-16)
  • Article Tags: .

     

    Email this Article Email this Article                  Print this Article Print this Article


    No Comments

    1. No comments posted yet

    Post a comment:

    Comments are moderated, and will not appear until an editor has approved them. (After you click to post your message, just leave this page.)