32.15 troy ounces | 1,000 grams | .9999 Purity Gold
Sellback price: 40,030.89
The Australian Gold Nugget, also called a Kangaroo, is the traditional gold bullion coin minted by the Perth Mint. Each coin contains 1 troy ounce of gold.
The Gold Nugget series was introduced in 1986. This issue of coins had two unique features: a "two-tone" frosted design effect, and individual hard plastic encapsulation of each coin. These features were unusual for a standard bullion coin and gave the Nugget a unique market niche.
They have legal tender in Australia and are one of the few legal tender bullion gold coins to change their design every year.
In 1991, the 1 kilogram coins were introduced. These were created with the intention of using economies of scale to keep premiums low, and are some of the largest gold coins ever minted. In 1992, the face values on these large coins were lowered to keep them proportional to the 1 oz coin. The reverse of these coins does not change annually like the lower denominations; the same "red kangaroo" design is used every year.
Points computation: 1 coin = 321.50 points