Gold: $1238.30 | Palladium: $779.50 | Platinum: $1002.50 | Silver: $18.08 |

Gold Australian Nugget (Kangaroo)

The Gold Australian Nugget, often known as the “Gold Kangaroo,” is a gold bullion coin minted by the Perth Mint in denominations of 1/20 oz, 1/10 oz, ¼ oz, ½ oz, and one oz of 24-carat gold. They are legal tender in Australia, and are some of the few legal tender bullion gold coins that change their design every year.

The Gold Nugget series was introduced in 1986 by the Gold Corporation, a company wholly owned by the government of Western Australian, established by the Gold Corporation Act 1987, with a mandate to operate the Perth Mint. This issue of coins had two unique features that were unique at the time: a “two-tone” frosted design, and individual hard plastic “slab” or capsule that protects the coin from wear.

These coins feature the face of the queen of England on the obverse, as Australia is a Commonwealth nation. From 1986 to 1989, the reverse pictured Australian gold nuggets. Beginning with the 1989 proof edition, the design was changed to feature kangaroos, a globally-recognized symbol of Australia. These marsupials give the coin their nickname “gold kangaroo.”

In 1991, 2 oz, 10 oz, and 1 kilogram sizes were introduced, some of the largest gold coins ever minted. The reverse of these coins does not change annually like the smaller denominations; the same “red kangaroo” design is used every year.

In 2011, the Perth Mint created a one tonne gold coin, breaking the record for the largest gold coin, previously held by the Royal Canadian Mint. This coin is 80 cm (2’7″) in diameter and 12 cm (4.7″) thick, and weighs 2,204 lbs. It features a red kangaroo on the front of the coin, and a portrait of Queen Elizabeth II on the reverse. The face value of the coin is A$1 million, but at the time of minting it was valued at over A$53 million.

Gold Australian Nugget (Kangaroo) Specifications

gold Australian nugget specifications

Date Minted: 1986 – Present

Designer: Ian Rank-Broadley

.9999 Pure Gold

Mint Mark: Perth Mint – P

Edge: Reeded

Other Coins Approved For Gold IRAs

Although the Proof Gold American Eagle is one of the preferred coins for Gold IRA investing and Gold IRA custodians alike, there are several other coins that meet the requirements for including them in your Gold IRA account.

other gold ira approved coins american eagle

Gold American Eagle

Comprised of 22 karat gold with a small silver and copper alloy to give the coins strength and durability.

Learn More About the Gold American Eagle

other gold ira approved coins arctic fox

Gold Arctic Fox

This striking gold coin features a detailed image of the Arctic Fox at home in its natural habit of the Canadian wilderness.

Learn More About the Gold Arctic Fox

other gold ira approved coins vienna philharmonic

Gold Vienna Philharmonic

First minted in 1989 by the Austrian Mint.

Learn More About the Gold Vienna Philharmonic

other gold ira approved coins canadian maple leaf

Gold Canadian Maple Leaf

First minted in 1979 with a purity of 99.9% and continued for 3 years.

Learn More About the Gold Canadian Maple Leaf

other gold ira approved coins american buffalo

Gold American Buffalo

Designed after the first nickel coin released in 1913.

Learn More About the Gold American Buffalo

Start Your Gold IRA Today!

Call us today to get your Gold IRA started and add the Gold Australian Nugget to your IRA account.

gold australian nugget