AUSTRALIA: Australia, hoping to gain ground against...
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Times staff and wire reports
AUSTRALIA: Australia, hoping to gain ground against the United States and Canada in the gold bullion coin market, has launched a gold coin that it says is the largest coin in the world. The 2.2-pound Nugget, of 99.99% gold, features a red kangaroo design and has a face value of $7,700. “Without question, this is the most radical development since the introduction of the Krugerrand coin in 1970,” an Australian mint official said.
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