GoldCore has secured the rights in the UK and Ireland to sell one of the world's largest and purest gold coins.

The $1m coin was created by the Royal Canadian Mint in 2007 and has a melt value of some $5m.

A total of five coins were created, each one weighs 100 kilos and is made up of 99.99% pure gold.

GoldCore said that the rare coin's value is derived from both its "craftsmanship and artistry" and the "unprecedented technical achievement of 99.999% purity in gold bullion."

The piece is decorated with a portrait of Queen Elizabeth II by Susanna Blunt on one side, and a detailed depiction of a maple leaf on the reverse.

Goldcore was founded in 2003 and manages assets worth $110m, it runs a gold storage facility and bullion trading platform.