Founded in 1896 as a branch to the British Royal Mint, Perth Mint today is one of the largest minting plants globally, owned by the Western Australian government. Manufacturer of the iconic ‘Kangaroo’ gold and silver investment coins, Perth Mint also produce a popular lunar series and a range of sought-after collector coins.
The Gold Nugget was introduced in 1986 by the Gold Corporation, a company wholly owned by the government of Western Australia. Gold Kangaroos have been produced by Perth Mint since 1989 and are one of the purest gold coins in the world at .9999 purity. The Nugget is minted in denominations of 1/20 oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz and 1 kg. The motif of the Nugget varies from year to year, giving the coins a slightly higher numismatic value over their bullion value.
The obverse of the coin shows the crowned bust of Queen Elizabeth II facing right (her effigy known as the "Third Portrait"). The Queen is wearing the royal diadem which she wears on her way to and from the State Opening of Parliament, a pearl necklace and earrings.
The reverse features a realistic representation of a Grey Kangaroo, standing, facing right and looking back, with a starburst background (stylised rays of sunlight not quite reaching the centre).
Below it, the inscriptionGREY KANGAROO.
Around above, the name of the series and the precious metal content:THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD(one troy ounce of 99.99% gold).
Around below, the date of issue· 1990 ·.
The coin is presented in a protective acrylic capsule.