The 1996 10oz Gold Nugget continued the successful series of the largest gold bullion coins in the market, introduced five years earlier by the Perth Mint. It was a brilliant and innovative idea that attracted investors looking for top quality refining, .9999 purity and legal tender status in one of the world’s most prestigious gold producing countries. Having a most attractive design, a size that is quite rare and strictly limited annual mintages, these gold discs also appealed to collectors who want to complement their portfolio with a dazzling product as well as a valuable asset.
The 10oz 1996 Gold Nugget is the ultimate investment in gold bullion coins and use the economy of scale to sell for a very low premium. In 1996, the 10oz Gold Nuggets became an investment coin of exceptional quality and beauty that satisfied the needs of investors and bullion collectors. The unique "two-tone" frosted design effect also attracts consumers and gives depth and remarkable outline to the relief. Featuring unparalleled dimensions and a rarity due to low annual mintages and an end to production of the series in 2009, the 1996 10oz gold Kangaroo is an essential asset for investors looking to make healthy profits on bullion investments.
The 1996 10oz Gold Nugget weighs 3.110 g of 99.99 % pure gold. The coin is 59.70 mm in diameter and has a thickness of 7.65mm. The face value is AUS $1,000. On the obverse, the Raphael Maklouf portrait of Queen Elizabeth II shows Her Majesty facing right, wearing her Royal Diadem. The Queen’s name followed by "AUSTRALIA" to the right of the Queen's effigy, and the legal tender denomination "1,000 DOLLARS" at the bottom are inscribed on the mirror like surface of the rim. The reverse features the original Stuart Devlin depiction which shows a red kangaroo leaping in the air against a striking background, with the legend "RED KANGAROO" beneath, and the inscriptions "AUSTRALIAN NUGGET," as well as the date of issue, purity and weight of the coin. The coin bears no mint mark and is spotted all around with bullets on both sides.
For the 10oz Gold Kangaroo, size means attraction and power. But the appeal and detail of the designs is also important. Jerusalem-born Ralph Maklouf was an accomplished sculptor when he tackled his first coin design with the avowed intention to produce a regal and ageless symbol. In 1990, although Gold Kangaroo coins were still called "the Australian Nugget" and were only termed officially as Australian Kangaroos in 2008, the design on the reverse was changed to depict a red kangaroo designed by Stuart Devlin. The artist chose the same animal to engrave the unique design that was to adorn the reverse side of the 1991 10oz Gold Nugget and all 10oz Gold Kangaroo issues for the next 18 years until production ceased in 2009.
All 10oz Gold Kangaroo coins are manufactured to the highest standards using the latest technology minting techniques always employed by the Perth Mint to protect coins against counterfeit. Sadly, in some cases, it is very simple to get deceived by all that glitters. If you are not careful enough in buying these large coins, you could end up buying gold-plated duplicates with only a superficial layer of gold spread over another kind of metal (probably tungsten). To be certain with your purchase, consult a certified coin dealer like us to check if the coin is indeed a Perth Mint product. Finally, due to the high value of each 1996 10oz Gold Nugget, you should seriously consider taking measures to protect your investment from theft, fire or damage.
As a leading dealer in gold bullion products, CoinInvest buy and sell 1996 10oz Gold Nuggets at highly competitive rates. To purchase the coins, add the desired quantity to your basket and click on the orange strip in the volume pricing section. If we have the item in stock (as it is quite limited), we will promptly process your order. If you wish to sell 1996 10oz Gold Nuggets in your possession, do not hesitate to contact a member of our friendly staff to discuss a price and we will prepare a fixed fee offer for a limited time only. We will send you confirmation of the offer by email.
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.
* The delivered products may vary slightly from the picture shown.