Australian Gold Kangaroo
The 1 oz. Australian Gold Kangaroo is a very unique gold bullion coin. Since 1986 the Perth Mint of Australia as individually sealed each coin in a plastic holder. That is relatively unheard of for regular issue gold bullion coins. The Kangaroo also features a very nice two-tone effect which has a frosted as well as shiny appearance.
The Kangaroo gold coin started out as the nugget, meaning that the coin featured an image of a gold nugget in each of the first three years of its production. The image was of the world’s largest gold nugget called “Welcome Stranger,” which was found in Western Australia and contained 2,284 ounces. The problem with the nugget is that it had a tendency to be mistaken for dirt clods or meteorites and thus the design was changed in 1989 to feature the kangaroo which Australia is known for.
Design and Specifications
The Australian Kangaroo is a .9999 fine, 24 karat gold coin like the Canadian Maple Leaf or the Austrian Philharmonic gold coins. It is minted by the Perth Mint which is owned by the Western Australian government.
The obverse or front of the coin depicts the image of Queen Elizabeth II as well as the face value of 100 dollars.
The reverse of the coins depicts at image of a kangaroo which changes every year, making each year unique. Collectors of modern issue bullion coins love this feature.
Unlike other gold coins that come in 10 coins to a tube, the Australian Kangaroos coins are individually encapsulated and therefore require more space for storage. However the advantage to this is that they are much less likely to become damaged due to scratching during handling, another feature that collectors enjoy.
The Kangaroos are minted in 1 oz., ½ oz., ¼ oz., 1/10 oz. and 1/20 oz. versions and are all pure gold.
Largest Gold Coin
As of 2011 the largest gold coin to ever be minted belongs to the Perth Mint. The coin is a gold kangaroo that is 99.99% pure gold, weighs around 1,012 kilograms, is 32 inches wide and almost 5 inches think and is worth more than $50 million!