Australian Nugget 1/10 oz
As a long-term partner of the Perth Mint, Tavex is pleased to present the exceptionally high quality Australian Kangaroo gold coin, Australia’s most iconic gold bullion coin. Minted for the first time in 1989 by the renowned Perth Mint, it was the world’s first gold bullion coin to commemorate one of the world’s unique animals: the Australian kangaroo in 99.99% pure gold. Exhibiting peerless beauty and purity, it is well suited for both collectors and investors.
Considered legal tender in Australia, the one-ounce Australian kangaroo coin carries a denomination of 100 dollars and is available at a low premium over the prevailing spot price of gold.
- Australian Kangaroo gold coins track the price of gold. The value of these coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
- Australian Kangaroo gold coins are money. They are legal tender in Australia and are accepted and exchanged as such throughout the world.
- Australian Kangaroo gold coins are 24 carats of pure artwork. What sets this coin apart from the rest are its fine artistic details in combination with mat and shiny surfaces with highly-polished motifs, making the coin diffract remarkable gold brilliance. This is truly eye-catching for anyone who admires precious artwork.
- Australian Kangaroo gold coins are popular among collectors. The Australian Kangaroo gold coin is one of only two legal tender gold coins in the world to change its design of the main motif each year. The other example is the Chinese Panda gold coin.
- Australian Kangaroo gold coins are sold with a low premium. As a partner of the Perth Mint, Tavex is able to offer Australian Kangaroo gold coins with a low mark-up premium.
- Australian Kangaroo gold coins are internationally recognised. In continuous production for 28 years and by portraying the effigy of the most powerful and longest serving queen in the 20th century, Queen Elizabeth II, the Australian Kangaroo gold coin is a household name in the global gold market.
- Australian Kangaroo gold coins are the equivalent of savings. Australian Kangaroo gold coins come in different weights, making them an ideal choice for any long-term saver who appreciates the security and stability of owning physical legal tender gold coins.
- Australian Kangaroo gold coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes Australian Kangaroos serve as a portfolio hedge against market risk.
Australian gold nugget / kangaroo gold coin – absolutely Australian
Numerous names are today used to describe the Australian Nugget / Kangaroo gold coin:
* Australian Nugget
* Australian Kangaroo
* Australian Gold Nugget
* Australian Gold Kangaroo
The reason for the multiple names is because from 1986 to 1989 the main motif of the coin displayed a gold nugget, hence the original name of the coin. The depicted gold nugget was meant to be a symbol of Australia’s history of having produced some of the largest alluvial gold nuggets in the world, one of them being “The Welcome Stranger”, with a refined weight of a remarkable 2,315 troy ounces, or 72 kilos. Although a gold nugget was pictured on the Australian Nugget gold coin for several years, in 1989 it was replaced with a more widely recognised symbol of Australia: the kangaroo. In addition to changing the motif, the name of the coin was likewise changed from Australian Nugget to Australian Kangaroo; all the other specifications of the coin stayed essentially the same. Since the kangaroo is endemic to Australia, it made the association of the gold coin that much more obvious. Besides being depicted on the Australian Kangaroo gold coin, the kangaroo appears as an emblem on Australia’s coats of arms. In fact, the kangaroo is deemed to be the unofficial symbol of Australia.
Australian Kangaroo gold coins are produced by the Perth Mint
The Australian Kangaroo gold coin is today minted by the Perth Mint, a world distinguished mint and precious metals refiner that is located in the City of Perth, in Western Australia. The Perth Mint was founded in 1896 by Britain’s Royal Mint in response to the newly discovered gold deposits in Western Australia. Perth Mint’s task was to refine gold ore from the mines and to strike sovereign gold coins from the refined bullion. Between 1899 and 1931 the Pert Mint produced a considerable amount of gold sovereigns which were disturbed in Australia and throughout the British Empire to be used as circulating currency. British control over Perth Mint was relinquished in 1971 to the Government of Western Australia which then assumed ownership of the mint. Today, the Perth Mint is hailed for the exceptional quality of its world class investment bullion coins like the Kookaburra and Koala silver coins, and the Lunar Series. The Perth Mint has been a member of the London Gold Market (predecessor of the LBMA) since 1934.
The Australian Kangaroo gold coin is the world’s largest gold coin
In 1991 the Perth Mint introduced the Australian Kangaroo one kilo gold coin. This was the first time a government mint had issued such a heavy legal tender gold coin. In contrast to the lighter Kangaroo gold coins where the main kangaroo motif varies each year, the one kilo Kangaroo gold coin’s main motif that depicts a Red Australian kangaroo has not changed since 1991. To this day, some 23,600 pieces of the one kilo Red Australian Kangaroo gold coins have been sold. In addition, the Perth Mint in 2011 made another huge leap forward by being the first mint in the world to create a one ton Red Australian Kangaroo gold coin. The coin was made of solid 24 carat gold and was at the time valued at over A$ 50 million. The giant Australian Kangaroo gold coin would break the previous record as the most valuable gold coin ever to be produced. The previous record for the most valuable gold coin was held by the Royal Canadian Mint’s 100 kilogramme Canadian Maple Leaf gold coin.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|15 AUD denomination||16.10 mm||999.9||3.11065 g||3.11034g||0.1|
The Australian Nugget gold coin was first produced in 1986. In 1989 it was replaced with the Australian Kangaroo gold coin which has since then been in continuous production. The Australian Perth Mint is responsible for the production of both coins.
The obverse portrays the effigy of Queen Elizabeth II. The reason for picturing Her Majesty the Queen stems from Australia’s membership of the United Kingdom’s Commonwealth of Nations. By being a member of the Commonwealth, Australia has Queen Elizabeth II as its reigning constitutional monarch. Above the Queen’s effigy is the text “ELIZABETH II” and “AUSTRALIA”. Inscribed below the effigy is the nominal face value of 100 dollars and the designer’s initials “IRB” – Ian Rank-Broadley.
The reverse displays Australia’s most famous animal, the kangaroo, and above it is inscribed “AUSTRALIA KANGAROO”. Below the kangaroo is the year of mintage, weight and purity. To the right of the kangaroo is the letter “P” which stands for Perth Mint.
The Australian Nugget / Kangaroo gold coin is 99.99% fine gold or 24 carats. This means that the coin is exclusively made of pure gold and is free of metallic impurities. The Australian Nugget / Kangaroo gold coin weighs exactly one troy ounce (31.1 grams).
Your order is fully insured and delivered by Posten Norge AS. The package is usually shipped the same day or the next working day after we receive your payment. Your order will arrive at the local post office the day after. If you wish, you can also personally pick up your order in our store the same day we receive your payment. In cases where we are unable to send your order right away, we will always inform you about the time delay.