Australian gold coins might be the perfect fit for you if ...
I'm sure everyone shopping for gold bullion coins agrees with the first priority. But the second one is especially important if ever you want to sell a small portion of your gold.
Finally the last priority listed is just icing on the cake if you're an art lover.
The purpose of this page is to highlight key facts concerning two popular Australian gold coins:
You may ask yourself why Australian Gold Nuggets are also called Kangaroos.The Perth Mint made this change over time since the kangaroo is a more widely-recognized Australian symbol.
First, the gold nugget image was replaced by a kangaroo in 1990. Then in 2008 the coin inscription was changed from “The Australian Nugget” to
The gold fineness of 1988 and later Australian Gold Nuggets (Kangaroos) is four-nines-fine (99.99%) gold bullion.
I believe 1986 and 1987 Gold Nugget issues are three-nines-fine (99.9%) gold since the fineness inscriptions changed from “FINE GOLD” in 1987 to
“9999 GOLD” in 1988.
Gold Lunar Series I and II Coins are 99.99% gold bullion.
Please click on the image below to view the Perth Mint's latest gold coins.
What Are The Different Sizes?
Kangaroo and Lunar Gold Coins are currently minted in the following gold weights and face values:
|Gold Weight||Face Value||Kangaroo||Lunar|
The above table does not include some older coins that have been discontinued (i.e. 1⁄20 oz. Australian Nugget). Please see the history section below for those details.
Face values of these Australian gold coins are merely symbolic. Their true values are closely tied to the spot gold price for one troy ounce of gold bullion.
Artwork on Obverse
Queen Elizabeth II is pictured on the obverse (heads) side of all Australian gold coins listed here. Different portraits are used on the various coins but all obverse images are of the queen.
Artwork on Reverse
A gold nugget is displayed on the reverse (tails) side of the 1986-1989 Australian Gold Nugget Coins. Each coin size has a different gold nugget depicted.
An image change from nugget to kangaroo was made in 1990. The kangaroo or wallaby displayed on 1 oz. or smaller coins is the same. However the picture changes annually.
The kangaroo image on larger Australian gold coins stays the same from
year to year.
Chinese lunar calendar animals are featured on the obverse side of Australian Lunar Gold Coins.
A mouse (rat) is displayed on the first Lunar Series Coin minted in 1996. The next 11 years in succession are the ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, dog and pig.
In 2008 the Perth Mint began the 12-year cycle over with the Lunar Series II Gold Coins. Different pictures of the same animals are used.
Also, Lunar Series II Gold Coins have an inscription labeling the animal for each lunar year (i.e. “Year of the Dragon”).
History of Gold Nuggets/Kangaroos and Lunar Series
|1986||Australian Nugget 1 oz., 1⁄2 oz.,1⁄4 and 1⁄10 oz. Coins are |
|1988||Gold purity increased from 99.9% to 99.99% (four-nines-fine).|
|1990||Kangaroo1 replaced nugget on reverse side and 1⁄20 oz. coin |
|1991||Gold Nugget/Kangaroo 2 oz., 10 oz., and 1 kg. Coins are added with face values of AU$500, AU$2,500, and AU$10,000.|
|1992||Face values are changed for 2 oz., 10 oz. and 1 kg. coins to AU$200, AU$1,000 and AU$3,000 respectively.|
|1996||Lunar Series2 1 oz., 1⁄4 oz., 1⁄10 oz. and 1⁄20 oz. Coins are first minted.|
|1999||“P100” is stamped3 on reverse since Perth Mint is 100 years old. The portrait of the queen was changed.|
|2000||Lunar 2 oz., 10 oz. and 1 kg. Coins are added to Lunar Series.|
|2004||Lunar 1⁄4 oz. Coin is added.|
|2006||Lunar 10 kg. Coin is added.|
|2008||Australian Nugget name was changed to Australian Kangaroo.
Lunar Series2 started over with new Chinese calendar images.
The portrait of the queen was changed.
|2009||Kangaroo 10 oz., 2 oz., and 1⁄20 oz. Coins are dropped.|
1NOTE: Kangaroo image is changed annually for 1 oz. and fractional coins.
2NOTE: Each year a different Chinese calendar animal is on reverse side.
In 2008 the 12-year cycle began again with new images.
3NOTE: Only for 1999 coins.
Some of the current or recently-minted gold proof coins are:
All of these Australian gold coins are 99.99% pure gold and include the “P” mint mark to identify the Perth Mint. Additionally they have low mintage numbers which should appeal to coin collectors.
World-Class Coins From Down Under
One last nugget -- in 1957 the Perth Mint made history by producing a proof section of gold bullion that was 999.999 fine. That's impressive.
In review, Australian gold coins are available in a wide range of sizes and backed by a world-class mint. This makes them a solid gold choice when buying gold bullion coins.
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