This is the 1987 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 Poseidon ; one of the largest nugget found in Australia.

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 1,552!

This coin comes in proof condition and comes in a capsule.

See our Gold 1 Ounce Kangaroo Nugget Collection

Poseidon Nugget

The Poseidon gold nugget weighed 953 troy ounces and was discovered in the goldfields of Tarnagulla, Victoria, Australia back in 1906. It was measured to be 16 inches in length and was the biggest gold nugget discovered in Australia.

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 1987

Key Information

Intrinsic Value	£3,384.21
Product ID	18369
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
Date	1987
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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1987 Gold 1 oz Poseidon Kangaroo Nugget $100 Perth Mint Proof Coin