This 1988 Gold 1 Ounce Proof Kangaroo Nugget Coin was minted by The Perth Mint in Australia. These coins were produced after the Perth Mint followed suite of the SA & Rand Refinery's Krugerrands; with their own coin, representing their Nation.
The Pride of Australia nugget was unearthed in 1981 at Wedderburn in Victoria, Australia. It weighed just over 7 kilograms and was bought by the State Bank of Victoria. The bank donated it to the state of Victoria to mark the 150th anniversary of the State's creation. It was later stolen in 1991 to never be seen again.
The Gold Nugget coin series was first introduced in 1986 as a competitor to other Countries coins such as the Maple, Krugerrand and Britannia. The Nugget series originally started with having famous gold nuggets discovered in Australia on the reverse. In 1989 they produced a nugget reverse design and a kangaroo reverse design. From 1990 onwards all proof and bullion designs now have a kangaroo on the reverse.
The Obverse features the Third Portrait of HM Queen Elizabeth II by Raphael David Maklouf.
The inscription reads:
ELIZABETH II · AUSTRALIA · 100 DOLLARS
The reverse of the coin features the Pride of Australia.
Inscribed we see:
THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD ·1988·
Metal | Gold |
Diameter | 32.69mm |
Weight / Size | 1 Ounce |
Gold Weight Troy Ounces | 1 |
Fineness / Carat | 0.9999 / 24 |
Mintage Figure | 519 |
Issue Limit | 2,000 |
Date | 1988 |
Obverse Designer | Raphael Maklouf |
Issuing Monarch | Elizabeth II (1952-2022) |
Mint / Brand | Perth Mint |
Country | Australia |
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
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If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
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