Australian Kangaroo Gold Coins are Australia’s basic 1-oz gold bullion coins. With the kangaroo images changing every year, the coins have uniqueness not found on other gold bullion coins, such as the American Gold Eagles, Canadian Gold Maple Leafs, South African Krugerrands and Austrian Gold Philharmonics. On these four coins, only the dates, not the designs, change from year to year. It’s the Australian version of the Chinese Panda Coins.
The obverse of the Australian Kangaroo Gold Coins carries an image of Queen Elizabeth II, as do most Australian gold coins. The other face of the coin features a different design of Kangaroos each year. The coin was formally known before as the Australian Gold Nugget coin. From 1986 to 1989, it had different gold nuggets designs then it was replaced by the Kangaroo, thus giving it its current name.
As are most modern Australian gold coins, Kangaroo Gold Coins are .9999 fine (24 karat) and come individually capsulated in protective plastic covers, which do an excellent job of keeping the coins from being scratched or damaged. By comparison, Canada’s Gold Maple Leafs, which also are .9999 fine, but come ten coins to a tube and are tarnished for being easily scratched or damaged when removed from their tubes. The Australian Kangaroo Gold Coin is well packed for both collectors and investors.
Although Austrian Gold Philharmonics also are pure gold and are packaged ten coins to a tube, because of their design they are not easily scratched or damaged when taken from their tubes. Investors who prefer pure gold coins would choose between Australian Kangaroo gold coins or Austrian Philharmonic gold coins. The resale market for both Australian coins is better than other bullion coins.
Although the capsules do a great job of protecting Australian Kangaroos from damage, Kangaroos require about double the storage space that that an equal number of Gold Eagles, Krugerrands, Maple Leafs and Gold Philharmonics require.
Gold nugget (Australia) gold coin specifications:
Gold Content (Troy oz): 1
Denomination (AUD): 100
Fineness (purity %): 99.99
Minimum Gross Weight (g): 31.112
Maximum Diameter (mm): 32.60
Maximum Thickness (mm): 2.80
Although the Australian Kangaroo gold coins come in five sizes, only the 1-oz coins are readily available. Investors wanting fractional-ounce gold coins should consider the fractional-ounce Gold Eagles, which are the most popular small gold coins in the US.