Gold Coin Australian Nugget 1989 - 1 oz

Australian Nugget 1 oz - ID 4460

 

Australian Gold Nugget Coin - 1 oz

The 1989 Australian Gold Nugget 1 oz coin was produced by The Perth Mint in Western Australia. Each coin contains 1 oz of 999.9 fine gold.

The Australian Gold Nugget series was first introduced in 1986 by Gold Corporation, an entity wholly owned by the Government of Western Australia. The series later evolved into the Australian Gold Kangaroo, with kangaroo designs appearing from 1989 and the coins produced by The Perth Mint. Because of its origins, Australian Gold Kangaroo coins are still sometimes referred to as Australian Gold Nugget coins.

The Perth Mint Australian Gold Nugget coins are a striking tribute to one of Australia’s most recognizable commodities. Featuring the iconic Gold Nugget, the Australian Gold Nugget coin is loved by investors and collectors alike for its 999.9 fine Gold content and stunning designs. Gold Nugget coins minted by the Perth Mint offer an unrivaled combination of quality and fascinating yearly changes in designs, making them one of the most interesting coins to own in your Precious Metal portfolio. 

The Welcome Stranger Nugget was the largest alluvial gold nugget ever discovered. It was unearthed by Cornish miners John Deason and Richard Oates on 5 February 1869 in Moliagul, approximately 9 miles (14 km) northwest of Dunolly, Victoria, Australia. Although several replicas of the Welcome Stranger are displayed in museums and showcases across Australia, the original nugget was unfortunately melted down shortly after its discovery. In 1897, an obelisk was erected near the discovery site to commemorate the remarkable find.

Product Details:

  • Metal: Gold
  • Weight: 1 oz / 31.103 grams
  • Purity: .9999 fine gold
  • Product Format: Bullion Coin
  • Mint: The Perth Mint
  • Issuing Country: Australia
  • Year: 1989
  • Condition: Various Condition
  • Obverse: Queen Elizabeth II
  • Reverse: Iconic Gold Nugget
  • Face Value: 100 AUD Face Value
  • Mintage: 189,321
  • GST Status: No GST
  • Edge: Milled / Reeded
  • Mint Mark: No Mint Mark
  • Diameter: 32.1 mm
  • Thickness: 2.8 mm

 

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Pricing Details:

Points computation: 1 coin = 10.00 points

Tier 1 3 5
Points required - 3,000 10,000
Price 5,932.79 SGD 5,930.24 SGD 5,927.68 SGD
Price/Gram 190.74 SGD 190.66 SGD 190.58 SGD
Price/oz 5,932.79 SGD 5,930.24 SGD 5,927.68 SGD
Percentage Over Spot (ASK PRICE) 10.72% 10.68% 10.63%
Buy/Sell Spread 10.27% 10.23% 10.19%

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Storage Fees: 0.35%*

Duration Storage Fee Per Parcel
6 months 93.77 SGD
12 months 187.54 SGD
24 months 375.08 SGD
36 months 562.61 SGD
60 months 937.69 SGD

Other Services

Item Cost Per Coin
Transfer-in and testing 9.00 SGD

* Percentages represent annual storage charges, based on the locked-in spot metal price at the time of order submission. You can lock-in storage charges for up to 5 years. See full S.T.A.R. Storage Fees here.

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