The Australian Kangaroo, like most modern gold coins, is minted in 999.9 fine gold (24-carats). The Kangaroo contains one ounce (1000 grams) of pure gold, has a diameter of 32.1 mm, a thickness of 2.8 mm and bears a face value of 100 Australian Dollars. The year in which the coin was minted may vary.
The 1 troy ounce Kangaroo coins are Australian investment coins of 31,103 grams and 999.9 fine gold. Initially, the gold coin was introduced to the market in 1987 as Gold Nugget. At the time, the reverse of the coin featured an image of the largest gold nugget ever found, the 2,284-oz Welcome Stranger Nugget, which was found in Western Australia in 1869.
Naming of Australian Kangaroo / Nugget
However, in 1990 the statue was replaced by Welcome Stranger Kangaroo statues, which are changed annually by The Perth Mint. Nevertheless, the word "Nugget" was stamped on the obverse of the coin until 2008, making "Kangaroo-Nuggets" a common nickname for this investment coin. Now the gold coin is best known by the name "Australian Kangaroo".
Images of the Australian Kangaroo
Because the image of the Kangaroo changes annually, this Australian gold troy ounce investment coin is one of a kind. Other investment coins, such as the American Gold Eagle or South African Krugerrand, do not have this exceptional feature. The obverse of the Australian Kangaroo features an image of Queen Elizabeth II, like most Australian gold coins.
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