The 1991 10 oz Gold Nugget
The 1991 10oz Gold Nugget was the first issue and the largest of the denomination sizes added to the already world popular series offered by the Perth Mint. These rare ten ounce (3.11 kg) Australian Gold Nugget are the ultimate investment in gold bullion coins combining intricate features with 24 karat purity and produced using the latest technologies and advanced minting techniques. The unusually large size of the 10 oz coins, together with their unique design offer a supplementary collectable dimension.
Why buy the 1991 10 oz Gold Nugget coin?
The astounding 10oz Gold 1991 Nugget is a top choice investment in the yellow metal. More a golden disk than a coin, its uncommon dimensions, rarity, and unique design certainly account for the added numismatic appreciation and collector appeal. And let’s not forget that this was the first issue!
Description of the 1991 10 oz Gold Nugget coin
The 10oz Gold Nugget weighs 3,110g and is made of 99.99 % pure gold. The coin is 59.70 mm in diameter with a thickness of 7.65mm and a face value of AUS $ 2,500. On the obverse, the regal effigy of Queen Elizabeth II, engraved by Raphael Maklouf, shows Her Majesty with the Royal Diadem, which she wears on her way to and from the State Opening of Parliament. Her name followed by "AUSTRALIA" together with the denomination "2,500 DOLLARS" at the bottom are inscribed on the mirror like surface of the rim abutted all around by bullet points. The reverse features an endearing depiction of a leaping red kangaroo against a striking background, along with the legend "RED KANGAROO" and inscriptions of "AUSTRALIAN-NUGGET,", as well as the date of issue, purity and weight of the coin.
History of the 1991 10 oz Gold Nugget coin
The Australian Kangaroo gold bullion coin series was launched by the Perth Mint in 1987. In 1991, the 2oz, 10oz, and 1 kilogram sizes were introduced. This bold decision was intended to scale the price of the Kangaroo series and keep premiums low. In the process the Perth Mint produced some of the largest gold coins ever made. In 1992, the face values on these large coins were lowered to keep them proportional to the 1oz coin. The reverse side of coins weighing more than 1oz do not change annually like the lower denominations. The 10oz coins feature the same "red kangaroo" motif designed by Stuart Devlin used every year. The coins were issued until 2009 and do not bear a mint mark.
Security of 1991 10 oz Gold Nugget coins
The latest technology minting techniques incorporated by the Perth Mint protect all Gold Kangaroo coins against forgery - thus ensuring the protection and security of your investment. The gold coins are manufactured to the highest standards and presented in individual hard plastic encapsulation which prevents the coins from being scratched or damaged. The size of 10oz Gold Kangaroos, however, theoretically gives basis to the suspicion that a tungsten core, coated with a thick gold layer could be used to produce a convincing copy. This is in fact next to impossible, as the minting procedure used on these coins hide many secrets, not to mention the fact that heavy machinery is also employed. Nevertheless, it always pays to consult and do business with an experienced dealer. Finally, providing safe storage for your 10oz coins is also a very good idea.
Buying and selling 1991 10 oz Gold Nugget coins
As a leading dealer in gold bullion products, StoneX Bullion buy and sell 1991 10oz Gold Kangaroos at highly competitive rates (both displayed on the product page). To purchase your coins simply add the desired quantity and add to your basket by clicking on the orange strip in the volume pricing section. Provided we have the coin in stock, we will immediately process your order, but you should allow at least 10 working days for delivery as some bank transfers do not reach us for up to 7 days depending on your bank and country of residence. If you have any 1991 10oz Gold Nuggets for sale, do not hesitate to contact a member of our friendly staff to discuss a price and prepare a fixed fee offer for a limited time only. We will send you confirmation of our offer by email.