Australian Gold Kangaroo 1 oz
The Australian Gold Kangaroo 1 oz was introduced by the Perth Mint in 1986 to compete with other world bullion gold coins. From 1986 to 1989 the reverse of the coin pictured world famous gold nuggets but this design was replaced with the Australian kangaroo because this animal better represents Australia.
The front of the Australian Gold Kangaroo 1 oz features Elizabeth II, Queen of Australia. For you history buffs she is also Queen of England, Scotland, Canada, New Zealand, Wales, Fiji and Northern Ireland! The Australian Kangaroo Gold Coin Series is available in five sizes; 1 kilo, 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. The one ounce coin being the most popular with precious metal buyers.
The Australian Gold Kangaroo 1 oz is minted yearly and the Perth Mint changes the kangaroo design which is an entertaining and fun extra.
There are other features which make this a good bullion choice. (1) The coin features a beautiful mirror like surface which is frosted. It is also protected with a hard acrylic holder for safety and storage. (2) The series is .9999% pure gold which appeals to a world audience and is readily accepted both in the US, Europe and Asia. (3) The premium you pay over the melt value for the Australian Gold Kangaroo 1 oz is often lower than other bullion coins. This is true because the Perth Mint is more competitive than other world mints and sells to distributors for less money. (4) The Australian Gold Kangaroo 1 oz is approved for inclusion in your Individual Retirement Accounts. (5) The Australian Gold Kangaroo 1 oz contains a pure ounce of gold and is minted by a sovereign government. This allows dealers worldwide to post daily buy and sell prices.
The Australian Perth Mint also produces a number of other bullion coins like the platinum Platypus and the popular gold Lunar Series. And they hold the record for the largest gold coin: a Kangaroo weighing 2004 pounds minted to celebrate the Commonwealth Heads of Government Meeting.
There are no dealer reporting requirements when buying or selling the Australian Gold Kangaroo 1 oz on Federal Form 1099B.
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