The Australian Gold Nugget // Kangaroo is issued annually by the Perth Mint and has a purity of 99,99%. This pure investment currency weighs exactly 1 troy ounce (31,10 grams) which makes it easy for the world to trade.
Australian Nugget // Kangaroo
The Australian Nugget // Kangaroo is produced annually by the Perth Mint and was first introduced in 1986. The Nugget // Kangaroo originally derived its name from the English word for gold nugget. From 1986 to 1989 on the back of the golden Nugget // Kangaroo is a picture of a famous gold clump found in Australia.
Each of the four then existing denomination (1 troy ounce, 1/2 ounce, 1/4 ounce and 1/10 ounce) got the image of another gold nugget on her back. For example, on the bullion version of the 1 troy ounce Nugget is the image of the 'Welcome Stranger'; A gold nugget of no less than 71,08 kg, found 3 cm below the earth's surface by John Deason and Richard Oates in 1869 in Moliagul, Victoria, Australia. On the bullion versions of the smaller denominationswere the images of the 'Hand of Faith', the 'Golden Eagle' and the 'Little Hero'.
In 1989, the Australian Mint eventually decided to change the coin side design and replace the image of the gold nuggets with a picture of a kangaroo. The kangaroo was a much more familiar signboard for Australia than gold mining. Since then, another picture of a kangaroo on the coin side of the Australian Nugget // Kangaroo has been featured. Unlike the first coins, all the Nugget // Kangaroo denominations have since been given the same image on the back.
Gold Nugget // Kangaroo coins are legal tender coin in Australia and are therefore one of the few legal tender bullion coins that change design every year. As a consequence, and by the annual limited number of coins minted, the numismatic value may momentarily increase beyond the intrinsic value.
Purity & weight
The golden Nugget // Kangaroo has a purity of 999,9/1.000 (24 carats) and weighs exactly 31,10 grams (1 troy ounce). Thanks to this purity, the Nugget // Kangaroo is a real investment currency and is very easy to trade worldwide.
The Australian Nugget // Kangaroo is struck in different weights; 1/20 ounce, 1/10 ounce, 1/4 ounce, 1/2 ounce, 1 troy ounce, 2 troy ounce, 10 troy ounce, up to 1 kilogram with a respective nominal value of $5, $15, $25, $50, $100, $200, $1.000 and $3.000.
Design of the golden Nugget // Kangaroo
On the front of the Nugget // Kangaroo you will see the portrait of Queen Elizabeth II, Queen of the Commonwealth of Nations. Around her portrait you see left and right, respectively, her name 'Queen Elizabeth II' and 'Australia'. At the bottom of the coin you will find the nominal value, $100.
On the reverse side of the golden Nugget // Kangaroo, from 1986 to 1989, the image of a well-known gold cluster was found in Australia. For the ounce coin, that was the image of the 'Welcome Stranger'.
Since 1989, you'll find the image of a kangaroo on the back of the coin. The design of that image has changed since then. At the top is the name of the coin 'Australian Kangaroo'. Below you find the year of issue together with the weight and purity content - 1 oz 9999 GOLD - from the coin.
Buying a golden Nugget // Kangaroo
The golden Nugget // Kangaroo and other gold coins can serve as a purchase of physical gold. Gold coins are not taxed because they are considered monetary gold. And while all the gold coins offered by Argentor have been tested for authenticity, they are not delivered with a certificate of authenticity. That, unlike gold bars.
Selling a golden Nugget // Kangaroo
You are more than welcome in our office to sell your golden Nugget // Kangaroo coin(s). You needn't make an appointment to do so.
You can easily check our live buying prices on this page. These prices are adapted every minute and will only be hedged once you present the coin(s) in our office.