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The Australian Gold Nugget, also sometimes known as the Australian Gold Kangaroo, [1] is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1 ⁄ 20 oz , 1 ⁄ 10 oz, 1 ⁄ 4 oz, 1 ⁄ 2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold.
Unofficial gold coins were used during the gold rush of the 1850s. Traders' tokens were also used because of the shortage of coins caused by the large increase in population. Requests to make gold coins in Adelaide in 1852 to compensate for the shortage of coins were rejected by Britain after 25,000 One Pound pieces were struck. [5]
This huge success of the Krugerrand encouraged other gold-producing countries to mint and issue gold bullion coins of their own, including the Canadian Gold Maple Leaf in 1979, [16] the Australian Nugget in 1987, [16] [17] the Chinese Gold Panda in 1982, [18] [19] the American Gold Eagle in 1986, [16] [18] and the British Britannia coin in 1987.
No proof coins were minted between 2006 and 2011; however, there was a 1-ounce silver proof Kookaburra colored coin struck in 2012 for the Discover Australia coin series. [4] Since 2012, the proof coin has been struck in high relief only. Special editions such as privy marked, colored and gilded are often available. [5]
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Gold coins for sale at the Dubai Gold Souk. A gold coin is a coin that is made mostly or entirely of gold.Most gold coins minted since 1800 are 90–92% gold (22‑karat), while most of today's gold bullion coins are pure gold, such as the Britannia, Canadian Maple Leaf, and American Buffalo.
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