The Australian Gold Nugget, sometimes also called Gold Kangaroo, is a gold bullion coin minted by the Perth Mint. This is a pure gold coin in protective wrappers to protect the delicate gold surfaces. In additional, it has a "two-tone" frosted design effect, and changes the design of kangaroo yearly; all of those heighten its appeal as a collectors' item.
Australian Gold Kangaroo
History of Australian Gold Kangaroo
The Australian Gold Kangaroo was first introduced in 1986 minted by the Perth Mint. From 1986 to 1989, the reverse of these coins were featured with various Australian gold nuggets, until 1989, the reverse design was changed to feature different kangaroos - a prized symbol of Australia. In 1991, 1 kilogram, 10 oz and 2 oz sizes were introduced. In October 2011, 1 tonne gold kangaroo coin was created by the Perth Mint, which is about 800 mm in diameter and 120 mm in thick, with the face value of A$1 million. In fact, the market worth was over A$53 million at that time.
Design of Australian Gold Kangaroo
The obverse of the Australian Gold Kangaroo is a head shot of Queen Elizabeth II of England who influenced importantly on Australia's history and modern state. The head portrait is encircled by the words of "Queen Elizabeth II", the coin's denomination and "AUSTRALIA". This design of which traditionally remains the same from year to year.
From 1986 to 1989, the reverse of the coin was depicted various Australian gold nuggets. Following the 1989 proof edition, the design was changed to depict different Kangaroos that is one of the Australian prized symbols. The design of kangaroos is changed each year. Since the design of reverse, the coins are also referred to as "gold kangaroos".
Face Value & Market Value
There are five sizes of Australian Gold Kangaroo coins: 1 kg, 10 oz, 2 oz, 1 oz, 1/2 oz, 1/4 oz, 1/10 oz and 1/20 oz, and their corresponding face value are A$3000, A$1000, A$200, A$100, A$50, A$25, A$15, and A$5. Those face values are legal; however, the face value of gold kangaroo is not equal to the market value. In fact, each Australian Gold Kangaroo coin's price is according to the gold spot price of current market plus a premium per coin.
Provided in 1 t, 1 kg, 10 oz, 2 oz, 1 oz, 1/2 oz, 1/4 oz, 1/10 oz, and 1/20 oz denominations, those coins are 24 karat (containing 99.99% gold). The Australian government guarantees the weight, purity and legal tender value of each gold kangaroo. The Australian Gold Kangaroo provides you various sizes for different selection. Below lists detailed information of nine sizes specification:
|ROUND||FACE VALUE||DIAMETER||THICKNESS||GOLD CONTENT||TOTAL WEIGHT||GOLD FINENESS|
|1/20 oz||A$5||14.10 mm||1.40mm||0.0500 oz||0.0500 oz||999.9|
|1/10 oz||A$15||16.10mm||1.30mm||0.1000 oz||0.1000 oz||999.9|
|1/4 oz||A$25||20.10 mm||1.80mm||0.2500 oz||0.2500 oz||999.9|
|1/2 oz||A$50||25.10mm||2.20 mm||0.5001 oz||0.5001 oz||999.9|
|1 oz||A$100||32.10 mm||2.65mm||1.0001 oz||1.0001 oz||999.9|
|2 oz||A$200||40.40 mm||3.35 mm||2.0000 oz||2.0000 oz||999.9|
|10 oz||A$1000||59.70 mm||7.65 mm||10.000 oz||10.000 oz||999.9|
|1 kg||A$3000||74.50 mm||15.80 mm||32.154 oz||32.154 oz||999.9|
|1 t||A$1000,000||800 mm||120 mm||35700 oz||35700 oz||999.9|
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