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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.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The Silver Kangaroo series was introduced in 1993. [1] Silver Kangaroo coins are usually issued in two forms: a proof coin and a frosted uncirculated coin, although coins with selective gold plating have also been issued from 2003. [citation needed] The purity of the coin was 99.9% until 2014, then it was increased to 99.99% from 2015 ...
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]
The obverse image on the RAM silver coin does change every year. The mintage every year is unlimited, unlike the koala and kookaburra coins which have a maximum mintage of 300,000 and 500,000 respectively. [1] No special editions or privy marks have appeared for the one-ounce bullion coin. [2]
Spanish dollars were sometimes cut into "pieces of eight", quarters, and then into 2/3 and 1/3 segments, with the 2/3 segments (1/6 of original coin) being "shillings" and the 1/3 segments (1/12 of original coin) "sixpences" [1] In 1791 Governor Phillip of New South Wales fixed the value of the Spanish dollar to equal five shillings.
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