Using Australian Kangaroo Bullion Coins As A Form Of Investment
Australia’s gold Kangaroo Nugget sequence of bullion coins was launched in 1987 by Gold Company, which is wholly owned by the government of Western Australia. From its beginning, this issue of cash had two unique features: a ‘-tone’ frosted design impact, and particular person arduous plastic encapsulation of every coin. For the standard-worth bullion coin, these options had been unheard of, and served to place the Nugget as a product providing a variety of worth for the standard bullion price. At first, these cash pictured on the reverse side a well-known Australian gold nugget.
Well, maybe photos of gold nuggets are recognizable in Australia, like footage of baseball gamers right here in America. However to most of us, the gold Nuggets from 1986-1988 pictured lumps that regarded like meteorites, or maybe simply clods of dirt.
Fortunately, in 1989, this design was changed to function completely different Kangaroos, a more world-recognized image of Australia.
Another side of the bullion coin market touched on by Australia was the introduction of 2-, 10-, and 32.15-ounce (kilogram) bullion gold coins. These bigger sizes have been imported into the U.S. infrequently since their preliminary production. The big sizes are additionally produced in silver and platinum versions. The Australia Kangaroos are meticulously-made, individually packaged 99.ninety nine% pure cash with plenty of ‘eye-enchantment’ for the bullion buyer.
The one-ounce gold Kangaroo from Australia is an ounce of .9999 pure gold, with a nominal face value of $100 Australian. Each coin is available in a tough plastic case, shipped from the Perth Mint shrink-wrapped 20 coins together. Diameter is 32.1 mm, with a thickness of 2.8 mm.
The half-ounce gold Kangaroo is .50 ounce of .9999 pure gold, with a face value of A$50. Every coin is individually packed in a spherical plastic capsule, and shrink-wrapped together in groups of 20 cash at the Perth Mint. Diameter is 25.1mm, thickness 2.4mm.
The quarter-ounce gold Kangaroo is .25 ounce of .9999 pure gold, with a face value of A$25. Every coin is shipped from the Perth Mint in a round plastic case, and shrink-wrapped 20 coins together. Diameter is 20.1 mm, thickness 2 mm.
The tenth-ounce gold Kangaroo is .1 ounce of .9999 pure gold, with a face worth of A$15. Individually encapsulated, 20 cash are shrink-wrapped collectively for shipment from the Perth Mint. Diameter is 16.1mm, thickness is 1.5 mm.
The 20th-ounce gold Kangaroo is .05 ounce of .9999 pure gold, with a face worth of A$5. Individually encapsulated, 20 cash are shrink-wrapped together on the Perth Mint. Diameter is 14.1 mm, thickness is 1.4mm.
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