Gold Nugget (Australia)
Edge:	Reeded
Composition:	99.99% Au
Years of Minting:	1986–present
Obverse
Design:	Elizabeth II
Designer:	Ian Rank-Broadley
Design Date:	1999
Reverse
Design:	Kangaroo
Designer:	Stuart Devlin
Design Date:	2006

The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold. They have legal tender status in Australia and are one of few legal tender bullion gold coins to change their design every year, another being the Chinese Gold Panda. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of gold used. General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... Image File history File links 2003australiagoldnugget1ounceobv240. ... Elizabeth II (Elizabeth Alexandra Mary Windsor; born 21 April 1926) is Queen of 16 sovereign states, collectively known as the Commonwealth Realms. ... Ian Rank-Broadley (born 1952) is a British sculptor who has produced many acclaimed works, among which are several designs for British coinage. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... Image File history File links 2006australianugget1ounceoursrev240. ... Species Macropus rufus Macropus giganteus Macropus fuliginosus A kangaroo is any of several large macropods (the marsupial family that also includes the wallabies, tree-kangaroos, wallaroos, pademelons and the Quokka: 65 species in all). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Gold coins are one of the oldest forms of money. ... Perth Mint The Perth Mint is Australias oldest operating Mint. ... Troy weight is a system of units of mass customarily used for precious metals and gemstones. ... The international prototype, made of platinum-iridium, which is kept at the BIPM under conditions specified by the 1st CGPM in 1889. ... Carat is a measure of the purity of gold and platinum alloys. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ... Numismatics (ancient Greek: νομισματική) is the scientific study of money and its history in all its varied forms. ...

The Gold Nugget series was introduced in 1986 by the Gold Corporation, a company wholly owned by the government of Western Australia. This issue of coins had two unique features: a "two-tone" frosted design effect, and individual hard plastic encapsulation of each coin. These features were unusual for a standard bullion coin and gave the Nugget a unique market niche. Emblems: Floral - Kangaroo Paw (Anigozanthos manglesii); Mammal - Numbat (Myrmecobius fasciatus); Bird - Black Swan (Cygnus atratus) Motto: none Slogan or Nickname: Wildflower State Other Australian states and territories Capital Perth Government Const. ...

From 1986 to 1989, the reverse of these coins pictured various Australian gold nuggets. With the 1989 proof edition, the design was changed to feature different Kangaroos, a more world-recognized symbol of Australia. The coins are today sometimes referred to as "gold kangaroos".

In 1991, 2 oz, 10 oz, and 1 kilogram sizes were introduced. These were created with the intention of using economies of scale to keep premiums low, and are some of the largest gold coins ever minted. In 1992, the face values on these large coins were lowered to keep them proportional to the 1 oz coin. The reverse of these coins does not change annually like the lower denominations; the same "red kangaroo" design is used every year. In economics, returns to scale and economies of scale are terms that are related, and sometimes incorrectly used interchangeably. ...

The Australian Gold Nugget coins should not be mistaken for The Australian Lunar Gold Bullion coins. Both coins are minted by Perth Mint and have 9999 purity, but Lunar coins have image of different animals from Chinese calendar instead of kangaroo.

Specifications

A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ... A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ... A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ... A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ... A millimetre (American spelling: millimeter, symbol mm) is an SI unit of length that is equal to one thousandth of a metre. ...

External links

• Australian Gold Nugget Coin Pictures