Australian Gold Kangaroo coins are minted by the prestigious Perth Mint of Australia. They are produced in a variety of denominations, including the 1/20 oz., 1/10 oz., 1/4 oz., 1/2 oz., and 1 oz. sizes. These different sized, iconic bullion coins are a golden opportunity for almost anyone to own. The mini-roos are especially affordable and are a great way to diversify any precious metals or investment portfolio.
The Perth Mint was opened in 1899 and was the third branch of Britain's Royal Mint, with the other two mints being the Sydney Mint and the Melbourne Mint, both of which are now closed. After rich gold deposits were found in Coolgardie and Kalgoorlie, diggers from around Australia and the world flocked to Western Australia. The raw gold was deposited at the Perth Mint, where it was refined and minted into coins.
Sir John Forrest laid the foundation stone for the Perth Mint in 1896. This building was designed by George Temple Poole and is considered one of the most impressive colonial-era structures. It is also classified and ranked high by the National Trust. The Perth Mint belongs to an elite group of mints whose pure gold, platinum, and silver coins are trusted without question. In 2003, the Perth Mint opened the doors of a new 8,400 square meter state-of-the-art manufacturing facility next door to its original building. These two buildings represent 100 years of minting excellence.
The Western Australia Government owns the Gold Corp. This entity introduced the Australian Gold Kangaroo bullion series to the world in 1987.
The obverse (front) side of the Australian Gold Kangaroo showcases the iconic portrait of Queen Elizabeth II, done by Ian Rank-Broadly. Her majesty is portrayed in profile, wearing her iconic trademark tiara. Encircling the edge of the coin are the words "ELIZABETH II," "AUSTRALIA," and the coin’s face value, which varies by size.
The reverse (back) side design of the Australian Gold Kangaroo originally featured different Australian gold nuggets, and was more widely known as the Australian Gold Nugget coin. The reverse design has undergone some changes since it was first introduced, and in 1989 the reverse design was changed to Australia's most beloved marsupial, the Kangaroo.
The Kangaroo is an unofficial symbol of Australia. The reverse design of these Perth Mint gold bullion coins is unique in that it changes every year, unlike other popular bullion coin series, such as the American Eagles. These reverse designs are meticulously made, bringing the Australian Gold Kangaroos to life. Encircling the top reverse side of the coin are the words "AUSTRALIAN KANGAROO." The year of mintage, weight, and purity are found inscribed beneath the kangaroo.
Denominations and Specifications
The Australian Gold Kangaroo is minted in five different denominations: the twentieth-ounce, the tenth-ounce, the quarter-ounce, the half-ounce, and the one-ounce. The Australian Gold Kangaroo bullion coins are 99.99% pure gold (24 karat).
The 1/20 oz. has a face value of $5 AUD and contains .05 troy ounces of .9999 pure gold. It has a diameter of 14.1 mm and a thickness of 1.4 mm.
The 1/10 oz. has a face value of $15 AUD and contains .10 troy ounces of .9999 pure gold. It has a diameter of 16.1 mm and a thickness of 1.5 mm.
The 1/4 oz. has a face value of $25 AUD and contains .25 troy ounces of .9999 pure gold. It has a diameter of 20.1 mm and a thickness of 2 mm.
The 1/2 oz. has a face value of $50 AUD and contains .50 troy ounces of .9999 pure gold. It has a diameter of 25.1 mm and a thickness of 2.4 mm.
The 1 oz. has the highest face value of $100 AUD and contains one troy ounce of .9999 pure gold. It has a diameter of 32.1 mm and a thickness of 2.8 mm, and a width of 2.65 mm.
Australian Gold Kangaroos 2015
The 2015 Australian Gold Kangaroo is the most recent addition to this exclusive Australian Gold Kangaroo series from the pristine Perth Mint. The reverse (back) design of the 2015 Australian Gold Kangaroo features the spirited kangaroo hopping across Australia's grassy plains. Another detailed rendering is showcased with fluid lines and dynamic angles. Inscribed on the reverse are the words "AUSTRALIAN KANGAROO," the year “2015,” and the coin’s weight and purity. The obverse (front) design is of the iconic Queen Elizabeth II described above.
The Perth Mint has an annual mintage limit for the 1/2 troy ounce, the 1/4 troy ounce, and the 1/10 troy ounce Australian Gold Kangaroo series. The maximum mintage for the 1/2 troy ounce is 100,000. The maximum mintage for the 1/4 troy ounce is 150,000, and 200,000 is the maximum mintage for the 1/10 troy ounce.
The 1987, 1988, and 1989 1 oz. Australian Gold Kangaroo had an unlimited mintage. The mintage number for 1990 was 300,000. In 1991 and 1992, the mintage number for the 1 oz. Australian Gold Kangaroo 250,000. In 1993, it was 300,000. And between 1994 and 2014, the yearly mintage number for the one ounce Australian Gold Kangaroo has been 350,000. The mintage numbers in 2014 and 2015 are unlimited. The common date years for this coin are those with the highest mintage numbers.
The common mintage yearly mintage number for the 1/20 ounce has been 200,000.
The legal tender of each denomination of the Australian Gold Kangaroo series reflects their issue and monetization as coins. This value does not reflect their intrinsic value, which is much greater. For example, the 1 oz. Australian Gold Kangaroo coin is intrinsically worth about the same as the spot price per ounce of gold. This value changes often, but has hovered around the $1,200-$1,400 range in recent years. The value for the other denominations can be estimated based on their gold content as compared to the spot price of gold. For example, if gold is priced at $1,400 per ounce, a 1/2 oz. Australian Gold Kangaroo is worth approximately $700. The coin’s historical value, condition, and rarity also play a role in its overall intrinsic value.