This is the 1986 One Ounce Proof Gold Nugget as issued by Australia's Perth Mint.
This is an example of the early Perth Mint proof nugget coins, which featured a famous gold nuggets on their reverse designs. This coin celebrates the Welcome Stranger nugget; the largest nugget of gold ever found.
The coin is struck in 9999 (24 carat) fineness and contains one troy ounce of gold. It has a face value of $100 AUD.
This coin is one of the earliest coins in the Gold Nugget series and only had a mintage of 3,000!
This proof coin's grade is aFDC condition and comes in a capusle.
The Welcome Stranger gold nugget weighed 3,123 troy ounces and was discovered in a small town in Victoria, Australia back in 1869. It measured approximately 24" by 12". It is the largest gold nugget to have been disovered.
The kangaroo coins originally featured famous gold nuggets discovered in Australia (As seen with this coin!) on their reverse designs. In 1989, 2 designs were released; one featuring a nugget, the other showing a kangaroo. The Perth Mint decided to stick with the kangaroo designs, and so from 1989 onwards, the coins no longer feature gold nuggets. For this reason the coins are often referred to as 'kangaroos', 'roos' or 'nuggets'.
The third portrait of HM Queen Elizabeth II was designed by Raphael David Maklouf and is featured on this obverse.The coin bears an inscription that reads as:
ELIZABETH II · AUSTRALIA · 100 DOLLARS
Designed by Dr Stuart Devlin, the reverse features the famous 'Welcome Stranger' nugget in the centre of the design.
The text reads:
THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD 1986
Metal | Gold |
Diameter | 32.69mm |
Weight / Size | 1 Ounce |
Gold Weight Troy Ounces | 1 |
Fineness / Carat | 0.9999 / 24 |
Mintage Figure | 3,000 |
Issue Limit | 3,000 |
Date | 1986 |
Obverse Designer | Raphael Maklouf |
Reverse Designer | Dr Stuart Devlin |
Issuing Monarch | Elizabeth II (1952-2022) |
Mint / Brand | Perth Mint |
Country | Australia |
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
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