1/10 oz Australian Gold Kangaroos
Tavex is pleased to present the exceptionally high quality Australian Gold Kangaroo coin, Australia’s most iconic gold bullion coin. Issued for the first time in 1989 by the renowned Perth Mint, it was the first gold bullion coin to commemorate one of the world’s unique animals: the Australian kangaroo in 99.99% pure gold. Considered legal tender in Australia, the one-ounce Australian Gold Kangaroo coin carries a denomination of 100 Australian dollars and is available at a low premium over the prevailing spot price of gold.
Australian Gold Kangaroo coins track the price of gold. The value of these coins is primarily determined by their fine gold content which is linked to the prevailing price of gold.
Australian Gold Kangaroo coins are money. They are legal tender in Australia and are accepted and exchanged as such throughout the world.
Australian Gold Kangaroo coins are 24 karats of pure artwork. What sets this coin apart from the rest are its fine artistic details in combination with mat and shiny surfaces with highly-polished motifs, making the coin diffract remarkable gold brilliance. This is truly eye-catching for anyone who admires precious artwork.
Australian Gold Kangaroo coins are popular among collectors. The Australian Gold Kangaroo coin is one of only two legal tender gold coins in the world to change its design of the main motif each year. The other example is the Chinese Panda gold coin.
Australian Gold Kangaroo coins are sold with a low premium. As a partner of the Perth Mint, Tavex is able to offer Australian Gold Kangaroo coins with a low mark-up premium
Australian Gold Kangaroo coins are internationally recognised. In continuous production for 28 years and by portraying the effigy of the most powerful and longest serving queen in the 20th century, Queen Elizabeth II, the Australian Gold Kangaroo coin is a household name in the global gold market.
Australian Gold Kangaroo coins are the equivalent of savings. Australian Gold Kangaroo coins are an ideal choice for any long-term saver who appreciates the security and stability of owning physical legal tender gold coins.
Australian Gold Kangaroo coins are an excellent way to diversify your portfolio. Gold’s low correlation with other financial assets makes Australian Gold Kangaroos serve as a portfolio hedge against market risk.
The gold nugget and the kangaroo – absolutely Australian
Numerous names are today used to describe the Australian Gold Kangaroo coin:
* Australian Nugget
* Australian Kangaroo
* Australian Gold Nugget
* Australian Gold Kangaroo
The reason for the multiple names is because from 1986 to 1989 the main motif of the coin displayed a gold nugget, hence the original name of the coin. The depicted gold nugget was meant to be a symbol of Australia’s history of having produced some of the largest alluvial gold nuggets in the world, one of them being “The Welcome Stranger”, with a refined weight of a remarkable 2,315 troy ounces, or 72 kilos. Although a gold nugget was pictured on the Australian Nugget gold coin for several years, in 1989 it was replaced with a more widely recognised symbol of Australia: the kangaroo. In addition to changing the motif, the name of the coin was likewise changed from Australian Nugget to Australian Kangaroo; all the other specifications of the coin stayed essentially the same. Since the kangaroo is endemic to Australia, it made the association of the gold coin that much more obvious. Besides being depicted on the Australian Kangaroo gold coin, the kangaroo appears as an emblem on Australia’s coats of arms. In fact, the kangaroo is deemed to be the unofficial symbol of Australia.
Australian Gold Kangaroo coins are produced by the Perth Mint
The Australian Gold Kangaroo coin is today minted by the Perth Mint, a world distinguished mint and precious metals refiner that is located in the City of Perth, in Western Australia. The Perth Mint was founded in 1896 by Britain’s Royal Mint in response to the newly discovered gold deposits in Western Australia. Perth Mint’s task was to refine gold ore from the mines and to strike sovereign gold coins from the refined bullion. Between 1899 and 1931 the Pert Mint produced a considerable amount of gold sovereigns which were disturbed in Australia and throughout the British Empire to be used as circulating currency. British control over Perth Mint was relinquished in 1971 to the Government of Western Australia which then assumed ownership of the mint. Today, the Perth Mint is hailed for the exceptional quality of its world class investment bullion coins like the Kookaburra and Koala silver coins, and the Lunar Series. The Perth Mint has been a member of the London Gold Market (predecessor of the LBMA) since 1934.
The Australian Gold Kangaroo coin is the world’s largest gold coin
In 1991 the Perth Mint introduced the Australian Gold Kangaroo one kilo coin. This was the first time a government mint had issued such a heavy legal tender gold coin. In contrast to the lighter Gold Kangaroo coins where the main kangaroo motif varies each year, the one kilo Gold Kangaroo coin’s main motif that depicts a Red Australian kangaroo has not changed since 1991. To this day, some 23,600 pieces of the one kilo Red Australian Gold Kangaroo coins have been sold. In addition, the Perth Mint in 2011 made another huge leap forward by being the first mint in the world to create a one ton Red Australian Kangaroo coin. The coin was made of solid 24 karat gold and was at the time valued at over A$ 50 million. The giant Australian Gold Kangaroo coin would break the previous record as the most valuable gold coin ever to be produced. The previous record for the most valuable gold coin was held by the Royal Canadian Mint’s 100 kilogramme Canadian Maple Leaf gold coin.
|Nominal value||Dimensions||Fineness||Product weight in grams||Gold weight in grams||Gold weight in Troy ounces|
|15 dollars||16.10 mm||999.9||3.11065 g||3.11034g||0.1|
The Australian Gold Nugget coin was first produced in 1986. In 1989 it was replaced with the Australian Gold Kangaroo coin which has since then been in continuous production. The Australian Perth Mint is responsible for the production of both coins.
Obverse: The obverse portrays the effigy of Queen Elizabeth II. The reason for picturing Her Majesty the Queen stems from Australia’s membership of the United Kingdom’s Commonwealth of Nations. By being a member of the Commonwealth, Australia has Queen Elizabeth II as its reigning constitutional monarch. Above the Queen’s effigy is the text “ELIZABETH II” and “AUSTRALIA”. Inscribed below the effigy is the nominal face value of 100 dollars and the designer’s initials “IRB” – Ian Rank-Broadley.
Reverse: The reversedisplays Australia’s most famous animal, the kangaroo, and above it is inscribed “AUSTRALIA KANGAROO”. Below the kangaroo is the year of mintage, weight and purity. To the right of the kangaroo is the letter “P” which stands for Perth Mint.
Purity: The Australian Gold Kangaroo coin contains 99.99% pure gold. This means that the coin is exclusively made of pure gold and is free of metallic impurities.
Packaging: Each coin is individually packaged in a hard plastic capsule at the Perth Mint. For bulk purchases, multiples of 20 are available in original factory packaging.
When placing an order through our online shop, you can choose to have the products delivered to your local post office or to collect them in person at one of our offices in Stockholm.
Delivery by PostNord: all orders are fully insured and trackable. The package is shipped the same day after we receive your payment and will arrive to your local post office within 1-3 working days.
Self pick-up: you are welcome to come and collect your products at one of our offices in Stockholm the same day we notify you that we have received your payment.