telegraph.co.uk / By Gregg Morgan and Rachel Cooper / February 6, 2013
Britain’s first ever 1kg gold coin is legal tender and only 60 of the coins have been made to mark the Games.
Creating a 1kg gold coin that could be used to buy something – although in practice this would be highly unlikely – required a change to legislation.
The 1971 Coinage Act limited the weight to which UK coins could be made, but it was amended to allow the launch of the Olympic coin.
The denomination of the coin is £1,000 and it retails for £100,000.
Influential sculptor Sir Anthony Caro designed the coin, which depicts the sports equipment used for weightlifting, football athletics and boxing.
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