Australian gold Kangaroo coins (also known as the gold Nugget coin) offer a popular bullion option to investors and collectors alike. Gold Kangaroos are manufactured by the Perth Mint, and are the official bullion coin of Australia. Available from sizes of 0.5g to 1kg, they are produced in 24 carat gold, with a fineness of 999.9. The series has been minted every year since 1986 and now features the kangaroo, an iconic symbol of the Australian outback.
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Gold Kangaroo Coin
The Australian Gold Nugget was first introduced in 1986 by Gold Corp, also commonly known as the Perth Mint. With a unique "two-tone" frosted design, it was one of only a few bullion gold coins whose design was changed every year, similar to the Chinese gold Panda. With a limited annual mintage, and its unique design, the gold Nugget coins can have a higher semi-numismatic value than some of its other bullion rivals.
With the exception of 1986 to 1989, when the coins featured the imagery of various Australian gold nuggets, the central design was then changed to a kangaroo, which was considered to represent the country better. The nugget coins are therefore also known as and referred to as the gold Kangaroo coin. With a fineness of 999.9 gold purity, they have legal tender status in Australia.