$4m Estimate for Frisbee-Sized Gold and Diamond "Coin"

(IDEX Online) - A huge, one-of-a-kind "coin" created to mark Queen Elizabeth II's Platinum Jubilee is to be auctioned with a high estimate of $4m.

The Crown Coin, commemorating her 70 years on the throne in 2022, was struck from 3.61 kg of 24-carat gold and set with 6,426 GIA-certified diamonds weighing a total of 483.57 carats. At 235mm across it is almost the size of a standard frisbee.

At the center is a 1kg gold coin - legal tender with a face value of £10,000 - surrounded by 10 smaller coins bearing official portraits from Queen Elizabeth II's reign.

The "coin" was created by The East India Company Bullion Ltd, which makes commemorative and collectible bullion coins, and takes its name from the long-dissolved East India Company, which played a major role in establishing British imperialism in India.

Stanley Gibbons Baldwin's, the London-based auction house specializing in coins and stamps, will offer it for sale on 25 September, with an estimate of £2m to £3m (USD 2.7m to 4.0m).

Pic courtesy Stanley Gibbons Baldwin's.