The most valuable coin ever offered in an online-only auction will be available in the Teletrade® Premier Plus auction #2409 on August 16, 2007. It will be the first auction of the world’s largest gold coin, a 100 kilogram $1 million (Canadian) denomination coin recently produced by the Royal Canadian Mint.

“This is an exciting, two-fold event for us and the entire numismatic community,” said Ian Russell, President of Teletrade of Irvine, California, a division of Spectrum Numismatics International. “This is the first 100 kilo coin that is available for sale to the public. It contains more than $2 million of gold bullion. It will be the most valuable coin ever offered in an online-only auction. And we’re launching TeletradeDirect®, a new service for collectors and investors who want to purchase gold, silver or platinum bullion coins.”