subject: Australian Gold Kangaroo: A Coin Worth More Than Its Weight In Gold [print this page] The Australian Kangaroo Gold Coin is a truly eye-catching 24 karat gold coin. It was first launched in 1986 by the Aussie government owned company, The Gold Corporation. Struck by the Perth Mint which is located in Western Australia, it was comprised of .9999 fine gold bullion similar to other gold coins n the marketplace. However, two distinctive qualities immediately placed it apart from the rest of the pack:
1. It had a unique two-tone frosted design
2. Each coin was singularly encapsulated within a circular, hard plastic case.
This really is very uncommon for a standard price gold bullion coin. Those two special features immmediately positioned the coin as being a fantastic value!
From 1986 through 1988, the reverse side of the coin displayed a picture of a famous gold nugget - the Welcome Stranger nugget. This 2,284 oz nugget, discovered in Western Australia in 1869, became the largest gold nugget ever found.
I suppose gold nuggets typically are not familiar to any one that does not live in Australia (resembles a lump of dirt to me!), given that this reverse picture was replaced in 1989. From this time onward, the reverse image has showcased a picture of a different kangaroo, an Aussie icon that is definitely far more familiar! Furthermore, utilizing the Kangaroo as a portrait makes much more sense since the actual name of the coin is the Australian gold Kangaroo.
While the gold nugget has stopped being shown on the coin, the term "NUGGET" was still being placed upon the front (obverse) of the coin right until '08. In fact, the coins were often called Kangaroo Nuggets until lately.
I think what absolutely tends to make this specific coin well worth investing in, over similar well-known gold bullion coins such as the Canadian gold Maple Leafs, American gold Eagles, or South African gold Krugerrands is the uniqueness aspect.
1. In addition to the Chinese gold Panda coin, the Australian Gold Kangaroo is actually the sole additional bullion coin in which the design varies on a yearly basis. On the additional well-known gold bullion coins, just the date alters as opposed to the design.
2. In addition, you possess the additional added bonus associated with a suprisingly low yearly mintage, when compared to various other well-known gold bullion coins. This increases its attraction to not simply bullion traders but collectors also.
by: Christina Goldman
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