The Australian Kangaroo was first issued by The Perth Mint in 1990. It is one of the only major Gold bullion that sees yearly changes in its design, making it very favourable among collectors. Furthermore, the Australian Gold Kangaroo is generally sold with a lower premium on the spot price. The Gold Kangaroo series was originally the Gold Nugget series, beginning in 1986. The reverse images featured Gold Nuggets until 1989, when it was changed to feature the kangaroo, which is deemed more symbolic of Australia.
The kangaroo itself has been a national emblem of Australia for centuries. It symbolises the nations progress and constant thrive forwards, due to the kangaroo only being able to move forwards. It is the world's largest marsupial. The kangaroo uses its hind legs to hop forwards and does so with tremendous speed and grace. A red kangaroo can reach speeds of over 35 miles per hour and cover 25 feet in a single leap!
The 1/10 oz Gold Kangaroo contains 1/10 of a troy ounce of 24-carat gold giving it a face value of $15 AUD and can be used as legal tender. What's particularly interesting is on the reverse it features a kangaroo and on the obverse the coin features Queen Elizabeth II. This combination of the two images very uniquely represents Australia's history with Britain alongside Australia's national emblem.
The economic stability of gold, coupled with the popularity of the Kangaroo Gold coin, makes these coins a great diversification tool for any investment portfolio and a must have for many collectors worldwide. At coininvest.com we guarantee the best prices in the market. As one of Europe's leading dealer's we're able to buy large quantities directly from the world's mints and refineries so we can pass the savings onto our clients.
1 The weight displayed is the fine metal content of the item. It does not reflect the actual weight of the product which may be higher.
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