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Its makers are calling it Europe’s most expensive Christmas tree. Munich gold dealer Pro Aurum has constructed a festive showstopper out of 2,018 gold coins topped with a glittering golden star, which the firm says is worth 2.3 million euros.

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They may look like the foil-wrapped chocolate coins many children will find in their Christmas stocking, but these are the real deal: solid gold one-ounce Vienna Philharmonic coins on an acrylic stand, topped with a giant 20-ounce coin. That adds up to 63 kilograms of pure gold, a Pro Aurum spokesman told Reuters.

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Employees of the ProAurum gold house decorate, what they say is Europe's most expensive Christmas tree, made of 2.018 Vienna philharmonic gold coins, valued at 2.3 million euros in Munich, Germany December 3, 2018. REUTERS/Michael Dalder 2.018 Vienna philharmonic gold coins, valued at 2.3 million euros are used at ProAurum gold house to decorate what they say is Europe's most expensive Christmas tree, in Munich, Germany December 3, 2018. REUTERS/Michael Dalder Employees of the ProAurum gold house decorate, what they say is Europe's most expensive Christmas tree, made of 2.018 Vienna philharmonic gold coins, valued at 2.3 million euros in Munich, Germany December 3, 2018. REUTERS/Michael Dalder Employees of the ProAurum gold house decorate, what they say is Europe's most expensive Christmas tree, made of 2.018 Vienna philharmonic gold coins, valued at 2.3 million euros in Munich, Germany December 3, 2018. REUTERS/Michael Dalder An employee of the ProAurum gold house decorates, what they say is Europe's most expensive Christmas tree, made of 2.018 Vienna philharmonic gold coins, valued at 2.3 million euros in Munich, Germany December 3, 2018. REUTERS/Michael Dalder

Made in cooperation with the Austrian Mint, the three-metre high tree took over an hour to assemble and will be on display at Pro Aurum’s Munich goldhouse until December 15.

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But it’s not quite as valuable as it could have been: the dealer’s spokesman said the gold rate has tumbled in the second half of 2018.