• 1987 Gold Proof 1 Ounce Kangaroo Nugget Poseidon Elizabeth II $100  Coin Australia Perth Mint reverse
    Poseidon Nugget
  • 1987 Gold Proof 1 Ounce Kangaroo Nugget Elizabeth II $100  Coin Australia Perth Mint obverse
  • 1987 Gold Proof 1 Ounce Kangaroo Nugget Poseidon Elizabeth II $100  Coin Australia Perth Mint reverse
  • 1987 Gold Proof 1 Ounce Kangaroo Nugget Elizabeth II $100  Coin Australia Perth Mint obverse
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1987 Gold 1 oz Poseidon Kangaroo Nugget $100 Perth Mint Proof Coin

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


(VAT Exempt)
Totals are approximate until metal prices are confirmed on the next LBMA fix.

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Terms & Delivery

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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'.


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:



Designed by Dr Stuart Devlin, the reverse features the famous 'Poseidon' nugget in the centre of the design. 

The text reads:



Weight / Size1 Ounce
Gold Weight Troy Ounces1
Fineness / Carat0.9999 / 24
Mintage Figure1,552
Obverse DesignerRaphael Maklouf
Reverse DesignerDr Stuart Devlin
Issuing Monarch Elizabeth II (1952-2022)
Mint / BrandPerth Mint
Terms & Delivery

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

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.

Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.

All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out. 

If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.

Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.

Orders over £60 - Fully Insured Delivery.

  • Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6. 

Orders under £60

  • Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here.

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products. 

  • Orders under £1500 there is no additional fee.
  • Orders over £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee. 

If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.