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The E-Sylum: Volume 21, Number 36, September 9, 2018, Article 33

DISCOVERY: AUSTRALIA MINTS HOLEY DOLLAR TRIBUTE

The Perth Mint has created a very pricey tribute coin honoring Australia's famous Holey Dollar. -Editor

Australia Discovery Holey Dollar Coin

Australia has minted a gold coin encrusted with rare pink diamonds worth Aus$2.48 million (US$1.8 million) to meet growing demand for high-end collectables from the ultra-rich.

The two-kilogramme treasure, which depicts a sailing ship, a gold prospector and boab trees found in Western Australia, is considered legal tender and will be sold to the highest bidder.

It is the most valuable coin ever made in Australia and is expected to be sold to a buyer from Asia or the Middle East.

It was "released in response to the distinct increase in demand for exclusive luxury items", said Perth Mint chief executive Richard Hayes Tuesday.

"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 modelled after the "Holey Dollar", one of Australia's first coins, with a private collector paying Aus$495,000 for one of those in 2013.

A key attraction is the four pink diamonds from the renowned Argyle mine in Australia's remote western Kimberley region, including a 1.02-carat emerald cut.

"In terms of pink diamonds themselves, you can fit the whole year's production literally into the palm of your hand," said Hayes.

Miner Rio Tinto holds a pink diamond sale each year which attracts global interest. Stones can fetch US$1-2 million a carat.

As a basic rule of thumb, pink and red diamonds are worth about 50 times more than white diamonds.

To read the complete article, see:
Australia Mints Its Most Valuable Gold Coin Ever (https://www.ndtv.com/world-news/australia-mints-its-most-valuable-gold-coin-ever-1910986)

THE BOOK BAZARRE

RENAISSANCE OF AMERICAN COINAGE: Wizard Coin Supply is the official distributor for Roger Burdette's three volume series that won NLG Book of the Year awards for 2006, 2007 and 2008. Contact us for dealer or distributor pricing at www.WizardCoinSupply.com .


Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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