Gold Kangaroo Nugget

Gold Kangaroo Nugget History

The Australian Gold Nugget was first introduced in 1986 by Gold Corp, also commonly known as the Perth Mint. With a unique "two-tone" frosted design, it was one of only a few bullion gold coins whose design was changed every year, similar to the Chinese gold Panda. With a limited annual mintage, and its unique design, the gold Nugget coins can have a higher semi-numismatic value than some of its other bullion rivals.

With the exception of 1986 to 1989, when the coins featured the imagery of various Australian gold nuggets, the central design was then changed to a kangaroo, which was considered to represent the country better. The nugget coins are therefore also known as and referred to as the gold Kangaroo coin.

Gold Kangaroo Nugget Price

An important factor affecting the price of a gold Kangaroo Nugget coin is the value of the gold it contains. The weight of a gold Kangaroo coin is 31.10g with a fineness of 999.9. This means that a gold Kangaroo coin has a pure gold content of 31.10g. The price of a gold Kangaroo Nugget coin is directly linked to the global price of gold.

Gold Kangaroo Nugget prices can vary thanks to the coin's history and numismatic appeal, with certain years or designs being particularly desirable with collectors. The price of a new gold Kangaroo coin will be based on today's gold price, with a small premium to cover the cost of manufacture and supply. Older or rare gold Kangaroo Nugget coins can cost considerably more than the gold price.

Our website is constantly updated to display the price of gold Kangaroo Nugget coins in real time. These gold Kangaroo Nugget coins have a diameter of 32.10mm and are a great investment or collector's item.

Gold Kangaroo Nugget Value

Investors often ask what is the value of a gold Kangaroo Nugget? Gold Kangaroo Nugget coins have a face value of $100. It is important to note that the face value has no bearing on the actual value of the coin. As mentioned, the gold Kangaroo Nugget coins main value can usually be worked out based on the current gold price. It is this simplicity that makes gold bullion coins appealing. They are bought and sold based on their intrinsic metal value without having to worry about any numismatic value and more complicated selling process.

You can always find an intrinsic value for a gold Kangaroo thanks to the public spot price. The value of a gold Kangaroo Nugget is therefore generally the same regardless of the year and is just based on the metal content. Some years of gold Kangaroo coins might command a further premium. A lower mintage, or special design could see their value increase beyond their metal content. The easiest way to work out a Gold Kangaroo Nugget value is to use its gold weight of 31.10g and multiply that by the current gold spot price in grams.

How Much are Gold Kangaroo Nugget Coins Worth?

If you are wondering how much are gold Kangaroo Nugget coins worth, a simple rule of thumb is that a gold Kangaroo Nugget has 31.10g of pure gold. If you see the gold price in grams/ounces you can therefore work out how much a gold Kangaroo Nugget is worth quite quickly.