Should I Buy Australian Gold Coins? Absolutely!
When beginning a coin collection, prospective collectors often wonder which coins are the best to start collecting. It’s a fair question given the plethora of government mints that are all willing and able to sell coins of all different metals, shapes, sizes, and denominations. However, for the beginning collector, I’d suggest trying some Australian gold coins - namely, the Australian Gold Nugget or the Koala.
First minted in 1986 by the Gold Corporation, a Western Australia government owned company, the Gold Nugget has a few unique features that make it a fantastic collector’s item. The first is that they come in a tremendous variety of sizes. You can buy this coin in eight different weights all the way from 1/20 troy oz. to 1 kg. of 24 carat gold. The beginning collector will likely choose the 1/20 oz. coin while an investor will likely go for the 1 oz. (or if you’re rich, you can never go wrong with one kilo - or 2.2 lbs - of gold!).
Secondly, the design on these Australian gold coins changes every year, ensuring that the coins you receive will, at some time, be unique collectors’ items. Thinking about it logically, you can’t get the 2007 design now from the Australian government, so the only way for one to get this, or other previous designs, is to go through private collectors. It’s also worth mentioning that there is a limited annual mintage. So once the amount of coins of that design are sold out, they can only be found from private collectors.
Indeed, it’s not hard to see why these Australian gold coins are well noted for being able to achieve a value greater than their weight in gold, so to speak. They have legal tender status in Australia and have designs that change annually. Plus, they also make great beginning coins because of their wide array of sizes. Indeed, for the beginning or advanced collector, we strongly recommend that you check out the Gold Nuggets by the Australian government.
See these beautiful coins at GovMint.com for Gold! Click here!
Ever Changing – The Incredible Australian Gold Kangaroo Coin
The Australian Kangaroos or Gold Nuggets, as they were originally called, are gold bullion coins which are minted by the Perth Mint. The Gold Nugget series began production in 1986 and was introduced by the Gold Corporation, which is a company owned by the government of Western Australia. These coins are of 99.99% or 24-karat fine gold and come in five troy ounce sizes: 1/20 ounce, 1/10 ounce, ¼ ounce, ½ ounce and 1 ounce. These Gold Nuggets are legal tender in Australia and have the face values of $5, $15, $25, $50 and $100.
From 1986 the reverse side of the coins featured a variety of gold nuggets, which are found in Australia. However, to those not residing in Australia, the nuggets appeared to be lumps of soil or meteorites. In 1989 the design was changed to display the kangaroo, the National Animal of Australia, something the world distinguished as Australia’s symbol. This design is changed every year to show a different portrait of their beloved marsupial. The Chinese Gold Panda is another of the world’s gold bullion coins that changes their design yearly. On the arc of the Gold Kangaroo is “The Australian Nugget”, the ounces, the purity of the gold and the date.
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