1986 1 oz Gold Nugget Proof Coin

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.

See our Gold 1 Ounce Kangaroo Nugget Collection

Welcome Stranger Nugget

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.

Nuggets or Kangaroos?

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'.

Obverse

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

Reverse

The text reads:

THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD 1986

Key Information

Intrinsic Value	£2,306.47
Product ID	18374
Stock Status	Out of Stock

Product Spec

Metal	Gold
Diameter	32.69mm
Weight/Size	1 Ounce
Gold Weight Troy Ounces	1.0000
Fineness/Carat	0.9999 / 24
Issue Limit	3000
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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