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The Australian Nugget gold coin was introduced in 1986 with a face value of $100 AUD and is legal tender in Australia. The coins are minted in 24 karat gold and are seen as a great way to own gold in its purest form.
The Nugget is one of only a few bullion coins to change their design every year. For this reason, combined with its low quantity minted, the Austrailian Nugget (or Kangaroo) is one of the world’s most desirable bullion coins for investors and collectors.
During the first three years of the Nuggets’ issue the reverse of the coin featured a picture of a different famous gold nugget. From 1989, the design was changed to display different Kangaroos, a more world-recognised symbol of Australia. The obverse features a profile portrait of Queen Elizabeth II.
Australia is one of the world’s highest gold producing countries and the Nugget is there premier coin. Produced by The Perth int, it shouldn’t be confused with the Australian Lunar gold coins which depict the various animals of the Chinese calendar instead.
Face Value: $100 AUD
Gold Content: 31.104g
Purity: 99.99% (24 karat)
Gross Weight: 31.162g
Coin Diameter: 32.10mm
First year of issue: 1986