Royal Australian Mint Gold Kangaroo Coins
Gold Kangaroo Coins from the Royal Australian Mint
The Gold Kangaroo Coin is a gold bullion coin produced by the Royal Australian Mint. It features an image of a kangaroo on the reverse side, which changes each year. The obverse side of the coin features an image of Queen Elizabeth II.
The Gold Kangaroo Coin was first introduced in 1986 as the Gold Nugget Coin, and the design featured a gold nugget on the reverse side. The design was changed to the kangaroo in 1989, and the coin has been known as the Gold Kangaroo Coin since then.
The coins are made from 99.99% pure gold and are available in a variety of sizes, including 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg. The coins are also available in proof quality, which means they have been specially struck for collectors and have a higher level of detail and finish.
The Gold Kangaroo Coin is legal tender in Australia and has a face value that corresponds to its weight and purity. However, the actual value of the coin is determined by the current market price of gold.
Overall, the Gold Kangaroo Coin is a popular investment option for those interested in buying gold bullion. Its unique design and high level of purity make it a sought-after collector's item as well.
History of the Royal Australian Mint
The Royal Australian Mint is the sovereign mint of Australia and is responsible for producing all of Australia's circulating coins, as well as producing commemorative and investment coins.
The Mint was established in 1965, with the opening of its facility in Canberra by the Duke of Edinburgh. Prior to the Mint's establishment, Australia's coins were produced by the Royal Mint in London, England. The establishment of the Royal Australian Mint was part of Australia's move towards becoming a more independent nation.
The first coins produced by the Mint were the 1 cent, 2 cent, 5 cent, 10 cent, 20 cent, and 50 cent coins, which were introduced into circulation in 1966, following the currency changeover from pounds, shillings, and pence to dollars and cents. The Mint also produced the commemorative 50 cent coin for the 1966 Commonwealth Games, which was the first commemorative coin issued by the Mint.
Since its establishment, the Mint has produced a wide variety of coins, including commemorative coins to mark significant events, such as the Bicentenary of Australia in 1988, and coins celebrating Australia's natural and cultural heritage, such as the Kangaroo Series and the Lunar Series.
In addition to producing coins, the Mint has also played a role in the development of coin technology. In 1984, the Mint developed and patented the multi-ply plated steel technology used to produce Australia's circulating coins, which has since been adopted by several other countries.
Overall, the Royal Australian Mint has played an important role in Australia's currency and numismatic history, producing a wide range of coins that are treasured by collectors and used in everyday transactions throughout the country.
