1oz Gold Nugget
Issued by the Perth Mint since 1986, the 2020 1oz Australian Gold Nugget is the national bullion coin of Australia. This edition features the fourth portrait of Queen Elizabeth II by Ian Rank-Broadley on the obverse and a kangaroo on the reverse. This is a brand-new bullion finish coin, issued without expensive presentation boxes to maximize the amount of gold for your money. Modest orders are packed loose, with foil wrapping for orders of 20 and boxes in denominations of 100.
If you would like to protect your coins further, these coin capsules fit perfectly.
The words ‘Australian Kangaroo’ are written above the design on the reverse.
Each coin contains 1 troy ounce of fine gold and has a face value of A$100 which is displayed on the obverse.
Coin History and Mintage
The Australian Nugget has been issued annually by the Perth Mint since 1986.
Originally containing designs of famous Australian nuggets, this was changed in 1989 to feature a kangaroo, which is why so many people refer to the coin as the Kangaroo rather than the Nugget.
The kangaroo is widely regarded as a far more recognisable symbol of Australia.
This coin, unlike most bullion coins, changes its design annually which adds to its collectability.
Our Expert Opinion
Perhaps not quite as well-known as some of the other major foreign coins such as the Krugerrand or the American Eagle, the Australian Nugget is nonetheless a globally traded bullion coin. As well as offering portfolio diversity, buying the Nugget is also slightly cheaper than some of the other foreign coins. This in itself is enticing for those seeking value and as much gold coinage as possible for their money.
If planning to purchase a high quantity for investment purposes, you may want to consider combining this coin with UK coins for tax efficiency such as the Britannia or Sovereign. As legal tender in the UK, these coins don’t attract any Capital Gains Tax to profits made.
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