gold coins

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Australia Mints One-Ton Coin
 Australia Mints One-Ton Coin 

Australia Mints One-Ton Coin

Face value is $1M, but it's worth more than 50 times that

(Newser) - Australia's Perth Mint has created the world’s biggest gold coin—more than a ton of 99.99% pure gold, the Sydney Morning Herald reports. The coin’s face value is $1 million Australian dollars—just over $1 million American—but it’s worth more like $57 million American....

Family Fights US Mint Over Rare Coins

1933 double-eagles were supposed to have been destroyed

(Newser) - A Philadelphia family is going head-to-head with the US government in a legal battle over ownership of 10 rare "double-eagle" coins worth $20 each when minted, and now valued in the millions. The coins were first produced by the US Mint in 1933 but never distributed. All but two...

Treasure Worth Billions Found in Hindu Temple

Among the findings: an 18-foot-long necklace

(Newser) - Tucked within six underground vaults at a Hindu temple in southern India sits a treasure estimated to be worth more than $11.2 billion. Among the findings: precious stones, human figurines made of gold, thousands of necklaces (one 18 feet long), and many gold coins—and two of the chambers...

Classy ATM Spits Gold, Not Cash, in Florida

Machine installed in a shopping mall

(Newser) - An ATM at a posh Florida mall cuts out the paper and goes straight for gold. Slide in credit card or cash and get out a pile of gold bars and coins in a tidy black box, the AP reports. The German machine is primarily a novelty item, says its...

Record Stash of Ancient Gold Found In Farmer's Field

Brit with metal detector uncovers 7th-century Anglo-Saxon jackpot

(Newser) - The biggest stash of Anglo-Saxon gold and silver ever found has been unearthed in a farmer's field in Staffordshire, England, by an amateur treasure hunter using a metal detector. The hoard, estimated to date back to the 7th century, includes weapons, helmets, and gold coins. Archaeologists are stunned both by...

Shipwreck Found Off UK May Hold $1B in Treasure

Florida firm finds HMS Victory, lost in 1744

(Newser) - A shipwreck that could contain treasure worth over $1 billion has been found in the English Channel, Reuters reports. Florida’s Odyssey Marine Exploration discovered the wreck of the HMS Victory, an English flagship that was lost in a storm in 1744 with all 900 crew—and a stash of...

As Stocks Sink, New Cash Cows Emerge

Alpacas, coins, comic books; a stampede to alternative investments

(Newser) - With stocks tanking, 401(k)s plummeting, and the market’s usual safe haven—real estate—at the heart of the current crisis, investors are seeking refuge in unusual investments—everything from parking spaces to comic books to alpacas, the Wall Street Journal reports. A growing number of retirees are taking individual...

Sunken Treasure Found off Africa

16th century wreck packed with coins, artifacts

(Newser) - Geologists have discovered a 16th-century Spanish ship with a cache of gold coins and priceless artifacts off the coast of Namibia. The stunning find was made last month by a crew seeking sites for coastal diamond mining operations, the South Africa Times reports. Work has been halted and the site...

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