Australian Gold Nugget
As nugget is called an Australian gold coin.
The first edition took place in 1986 as an omnibus edition in Polished plate. Since 1987 also marked as a bullion coin in the denomination 5, 15, 25, 50 and 100 Australian dollars, or 1/20, 1/10, ¼, ½ and 1 troy ounce. Meanwhile, there is the particularly large denominations 2 and 10 ounces, as well as 1 kg, offered as a Large Australian Nugget. Since May 2010 there is also a two - dollar coin that applies with their weight of only 0.5 grams, the smallest bullion coin in the world. The fineness of 999.9 / 1000, the coin thus consists of fine gold.
Description
Until 1989, the obverse showed a nugget and then the Australian kangaroo. For the first three years of the coin each exceptional, found in Australia, natural gold nuggets were selected which have either very large or a particular " discovery " story. The motive of the later kangaroos following changes since 1990, also a year. The target shift was purely for marketing reasons, as coins with animal motifs simply sell better than coins with the image of a natural gold nuggets. The back, on the until 2007, the year has been impressed is provided with a picture of Queen Elizabeth II. Since the 2008 edition it is officially called Australian Kangaroo and the year of minting is on the object side of the coin. The obverse of all coins from two ounces annually adorns the same motif of the "Red Kangaroos ".
Largest gold coin in the world
In October 2011, the Perth Mint introduced a Kangaroo in front with a fine weight of one ton. The coin has a diameter of almost 80 centimeters and a thickness of about 12 cm, weighs around 1012 kg ( 1,012 tons ) and is made of 24 carat gold ( 99.99%). The nominal value is 1 million Australian dollars.
Means of payment
As a bullion coin, the nugget at the bank is sold to daily updated prices. The coin is valid in Australia as its official currency.