Largest Gold Coin in World Sold for over $4 Million

Credit: REUTERS/Heinz-Peter Bader

The largest gold coin was put on the auction block in Vienna on Friday, and sold for an astounding $4.02 million.

Acquiring the gold coin was Spanish precious metals trading company ORO, who bid on it unopposed. The coin weighs in at 220.5 pounds.

Investment firm AVW Invest had owned the coin, but was ordered to sell it by the administrator of the bankruptcy proceedings of the company, whose CEO and owner was arrested on a number of charges related to the company.

AVW owned the coin since 2007, which was struck by the Royal Canadian Mint, and one of only five in existence.

The coin is also 21 inches in diameter and is made of the purest gold on the market - 99.999 percent.

Where You Can Get Small Quantities of Gold Right Now!

Anyone buying physical gold knows how expensive it is, and also how difficult it is to find it at this time. Especially when you want to buy it in smaller quantities.

Daily Wealth mentions a couple places in Canada you can get it immediately, and at decent premiums.

Here's what they say:

"The Bank of Nova Scotia is one of the world's largest precious-metals dealers. If you go to the Hollis Street branch in Halifax, Nova Scotia, or the King Street West branch in Toronto, they'll sell you Canadian Maple Leaf coins at a 3.7% premium to spot and one-ounce wafers at a 2.6% premium to spot."