Australian Gold Nuggets are minted by the Perth mint. These coins were first introduced to the public in 1986 by the Gold Corporation. The Australian Gold Nuggets minted during these initial years depicted the largest gold nugget ever found, the ‘Welcome Stranger’, on the reverse side. This practice continued until the year 1989. However, this depiction was not very clear to many people who could not understand what the picture represented. In 1989, this representation of gold nuggets was changed and it was decided that Kangaroos would be depicted in this place instead. Since Kangaroos are associated with Australia world over, this came as a welcome change. The obverse of these coins carries an image of Queen Elizabeth II, which is common to many other Australian gold coins and silver coins.
Today, since each of these coins carries the design of a kangaroo the Australian gold nuggets are also called Australian Kangaroos. Every year the Kangaroo design undergoes some change so that each annual series is unique in a way.
The Perth Mint has recently unveiled a 1-ton Australian gold Kangaroo coin advertised as the biggest and most valuable gold bullion coin worldwide. This coin carries a depiction of a leaping kangaroo on its reverse in keeping with the tradition of using the marsupial in the design.
Why Australian Kangaroos are a Good Choice for Investment?
Australian Kangaroos come in such a variety of sizes that there is sure to be one that fits the budget of both small and big investors. If you are looking to invest a huge chunk of money in Australian gold coins then you can even buy Australian Kangaroos in one kilo weights. These coins are some of the largest ever minted. Remember that the larger pieces typically come with the lowest premiums too. For the small investor, Australian Kangaroos series starts with highly affordable 1/20th oz and 1/10th oz coins.
Australian Kangaroos are minted in limited numbers. This gives them a rarity value that enhances the price that you can get for them at resale. Unlike many other gold coins, this improves their numismatic value far above the intrinsic value of gold used in manufacturing them.
Australian Nuggets or Kangaroos come with a special design too. A two tone frosted effect can be seen on these coins that gives them quite a distinctive look. This aesthetic appeal and special design also adds to its value.
These Australian gold coins have a high purity of 0.999% pure gold which makes them ideal for investors who want to shore up their portfolio with investment in precious metals. Kangaroo coins sourced from the Perth Mint come with a guarantee for quality and weight from the Australian government.
Some Special Points to Know about Australian Kangaroos
Australian Kangaroos are among the handful of coins that enjoy legal tender status and yet undergo design changes annually. Coins from the first series to use Kangaroos on the reverse are usually considered very valuable.
These Australian gold coins are also very easy to store in safety so that they are well preserved for years. Each one ounce Australian gold kangaroo comes packed in a plastic casing, which is unusual for coins of this size and weight. Even handling and shipping over long distances does not damage these coins thanks to the plastic encapsulation. 20 coin packs come shrink wrapped in a plastic capsule. The packing is done at the Mint and the coins are shipped with the same packaging so that there is no risk of damage to the precious metal. Considering that the condition of the coin plays a significant role in determining its resale value, this is a point to count in this Australian gold coin’s favor.
Another interesting point to know about Australian Kangaroos is that these coins weigh exactly the same as is printed on the face weight. With many other gold coins, the face weight may not be the same as the actual weight of the coin.
Buying Australian Gold Kangaroos
If you have decided to buy Australian gold coins in the form of Kangaroos then the one ounce coin is the best choice. These are the most sought after which means that there is consistent demand for them at all times. The demand also ensures that the prices for this particular Australian Kangaroo coin are always quite attractive.
Identify a dealer who has links with reputed grading organizations like ANA to buy Australian gold coins from. From such dealers you are sure to get genuine coins that come with all necessary certifications and guarantees.