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Perth Mint has some gold now, having bought King Henry, world's largest known gold specimen, for A$3 million

Section: Daily Dispatches

By Jarrod Lucasa
Australian Broadcasting Corp., Sydney
Tuesday, June 8, 2021

The world's largest-known gold rock specimen, dubbed King Henry after it was unearthed at a West Australian mine three years ago, has gone on permanent display after being sold to the Perth Mint for $3 million.

The 94-kilogram specimen is named after air-leg miner Henry Dole, who discovered the gold-encrusted rock half a kilometre below the surface at the Beta Hunt mine in Western Australia's Goldfields.

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The government-owned mint dipped into its gold reserves to buy the rock, which contains an estimated 1,400 ounces of gold. 

King Henry adds to the 122-year-old mint's existing collection of rare gold specimens and its famous Australian Kangaroo One Tonne Gold Coin, estimated to be worth more than $60 million.

Perth Mint chief executive Richard Hayes described the acquisition as a "great deal for the state."  

He said today's gold price meant the value of the metal content was around $3.5 million and collectors were known to pay a premium for rare specimens. ...

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