The Australian Kangaroo Gold Coin - Quick Stats

Quick Facts on the Australian Gold Kangaroo Coins

The Australian Gold Kangaroo coin is one of the most popular bullion coins worldwide. It was first minted back in 1987 and meant to celebrate the natural history of Australia. Minted by the Perth Mint in Australia, the design of the Kangaroo series changes annually, making these coins popular with not only gold investors, but collectors as well. These are the most famous coins manufactured by the Perth Mint, and the series is available in gold, silver and platinum.

General Info

The Australian gold Kangaroo coin is a bullion coin issued in Australia by the Perth Mint. The coins have legal tender status in Australia making them ideal for everyday trade as a currency as well. Collectors also target the Australian Gold Kangaroo Coins for numismatic purposes.

Mintage

The First ever Australian Gold Kangaroo Coin was minted in 1986. Since then, new coins have been minted annually. In 1986, the Gold Corporation, a company wholly owned by the government of Western Australia to manage the Perth Mint, introduced the Australian Gold Nugget, which was subsequently changed to the Kangaroo design.

Weights and Denominations of the Australian Gold Kangaroo Coins

The Australian Gold Kangaroo coin comes in different denominations, each with a different face value and size. There is the one-ounce denomination of the Australian Gold Kangaroo Coins with a face value if $100, the ½ ounce coin with a face value of $50, the ¼ ounce coin with a face value of $25, the 1/10 ounce coin with a face value of $15. Less common sized Kangaroo coins, such as the 1 KG gold Kangaroo and the 1/20 oz gold Kangaroo are also available. 

Coin Design

Front Design

The front design of the coin, unlike the back, does not change. The main feature on the front of the coin is the face of her Majesty, Queen Elizabeth II who is the reigning British Monarch and the Australian Head of State. Unlike other commonwealth bullion coins, the Australian gold Kangaroo has a portrait of the queen with her royal jewelry and the golden crown. Along the edges of the coin are inscriptions of the queen’s name and the face value of the coin.

Rear Design

The design on the back of the coin was first changed in 1989. When the coin was first minted in 1986, it had a gold nugget on its back. This was updated three years later to feature the Kangaroo thus the name, “Gold Kangaroo Coins.” At the edges of the coin on the rear side are inscriptions of the coin’s weight, year of mintage, and the coins gold purity.

Brief History of the Australian Gold Kangaroo Coins

In 1986, the first ever Australian gold Kangaroo coin was introduced and minted. It had the design of the Queen who is the head of state of Australia at the front and a gold Nugget at the back. In 1989, the rear design was changed to the majestic Kangaroo, giving the coins the name, Australian Gold Kangaroo coins. In 1981, 2 oz., 10 oz. and I oz. versions of the coins were minted to keep premiums low. In 2001, the Perth Mint broke a record. They introduced the largest Gold Bullion to ever be minted in the world, the coin weighs 1 ton and had a face value of $53 million Australian Dollars.

Why Buy the Australian Gold Kangaroo Coins

The premiums of Australian bullion coins remain high, even in the secondary market - this is primarily due to the unique annual design. Despite this, the Perth Mint aims to sell its bullion coins at a relatively low premium. This was a decision made by the Perth Mint after discovering the increasing competition in the global market for bullion coins. The Perth Mint also limits the annual mintages of the Australian Gold Kangaroo, which makes the coin more valuable than the gold content used in making it. It is a valuable coin to purchase especially for investors.

Gold Content

The coin is made using 99.99% pure 24-Karat Gold. This makes it one of the purest gold bullion coins in the world.

Other Specifications

The 1 oz. coin has a diameter of 32.10 mm, a thickness of 2.65 mm, a gross weight of one troy ounce, and a face value of $100 USD. The ½ Oz Coin has a diameter of 25.10 mm, a thickness of 2.20 mm, a gross weight of 0.5 oz., and a face value of $50 USD. The ¼-Ounce coin’s diameter is 20.10 mm, the thickness is 1.80mm, the weight of the coin is 0.25 Oz, and the face value of the coin is $25. The 1/10 Oz coin has a value of $25 USD, a diameter of 16.10 mm, a thickness of 1.3mm, a Gross Weight of 1.10 Oz, and a face value of $15 USD.

The value of the Australian Gold Kangaroo is without question. If you are looking for a brilliant coin to invest in for lasting value, then the Australian Gold Kangaroo is a good option. It’s a coin worth investing in.