The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. They have legal tender status in Australia and are one of the few legal tender bullion gold coins to change their design every year. This and the limited annual may, unlike foe many other bullion coins, raise their numismatic value over the value of gold used.
The Gold Nugget series was introduced in 1986 by Gold Corporation, a company wholly owned by the Government of Western Australia, more commonly known as the Perth Mint. The issue of coins had two unique features: a “two-tone” frosted design effect, and individual hard plastic encapsulation of each coin. These features were unusual for a standard bullion coin and gave the nugget a unique market niche.
Every kangaroo coin has been minted from 1 troy oz. of the finest 99.99% gold, which makes them suitable for IRA contributions and in the event they need to be spent, they are legal tender with a face value of 100 AUD.
The obverse (front) displays the bust of Queen Elizabeth II, the word Australia and the denomination. From 1986-1989, the reverse of these coins pictured various Australian gold nuggets. With the 1989 proof edition, the design was changed to feature different kangaroos, a more recognized symbol of Australia. The coins sometimes today are referred to “Gold Kangaroos”
Diameter: 32.6 mm
Thickness: 2.8 mm
Total Weight: 31.1 grams
Gold Content: 1 troy oz
Purity: .9999 (24 karat)
Mint: Perth Mint
Denomination: 100 AUD
Packaging: Sold in plastic capsules