Australian Kangaroo Gold Coins
Perth Mint Kangaroo gold coins are .9999 pure. Each coin is packaged at the Mint in individual hard protective plastic capsules. Whereas the images on the Gold Eagles, Krugerrands and Gold Maple Leafs are the same for every year, the reverse (back) side image of the Kangaroo changes yearly. The front of the coin bears an image of Queen Elizabeth II.
Australian Kangaroo Gold Coins are Australia’s basic 1-oz gold bullion coins. With the kangaroo images changing every year, the coins have uniqueness not found on other gold bullion coins, such as the American Gold Eagles, Canadian Gold Maple Leafs, South African Krugerrands and Austrian Gold Philharmonics. On these four coins, only the dates, not the designs, change from year to year.
The obverse of the Australian Kangaroo Gold Coins carries an image of Queen Elizabeth II, as do most Australian gold coins.
As are most modern Australian gold coins, Kangaroo Gold Coins are .9999 fine (24 karat) and come individually capsulated in protective plastic covers, which do an excellent job of keeping the coins from being scratched or damaged. By comparison, Canada’s Gold Maple Leafs, which also are .9999 fine, but come ten coins to a tube and are notorious for being easily scratched or damaged when removed from their tubes.
Although Austrian Gold Philharmonics also are pure gold and are packaged ten coins to a tube, because of their design they are not easily scratched or damaged when taken from their tubes. Investors who prefer pure gold coins should choose between Australian Kangaroo gold coins or Austrian Philharmonic gold coins. The resale market for Canadian Maple Leafs often is very weak.
Although the capsules do a great job of protecting Australian Kangaroos from damage, Kangaroos require about double the storage space that that an equal number of Gold Eagles, Krugerrands, Maple Leafs and Gold Philharmonics require.
Gold Buffaloes, the US Mint’s pure gold coins
The US Mint’s pure gold coins are the Gold Buffaloes. However, the packaging of Gold Buffaloes (20 coins in a Mylar sheet) makes the problematic. Many Gold Buffalos that the US Mint sells are “graded and slabbed” for promotions by telemarketers. See our Gold Buffaloes page for more information about Gold Buffalos, the problems with their packaging, and telemarketer promotions of these beautiful coins.
Investors are cautioned against paying high premiums for Gold Buffalo coins. The telemarketers’ stories about the scarcity of Gold Buffalos may be true, but slabbed modern bullion coins rarely, if ever, hold the premiums at which they are sold.
The “slabbing” of modern bullion coins has now been going on for nearly a decade, and the results have been disastrous for buyers. For an expose on the abuses of “slabbing” modern bullion coins, read PCGS, NGC Coin Grading Scam Alert.
Kangaroo gold coins: five sizes
Although the Australian Kangaroo gold coins come in five sizes, only the 1-oz coins are readily available. Investors wanting fractional-ounce gold coins should consider the fractional-ounce Gold Eagles, which are the most popular small gold coins in the US.
The one-ounce gold Kangaroo contains one ounce .9999 pure gold and carries a nominal face value of $100 Australian. Each coin comes in a hard plastic case, shipped from the Perth Mint shrink-wrapped 20 coins together. Diameter is 32.1mm, with a thickness of 2.8 mm.
The half-ounce Kangaroo gold coin contains .50 ounce .9999 pure gold, with a face value of A$50. Each coin is individually packed in a round plastic capsule, and shrink-wrapped together in groups of 20 coins at the Perth Mint. Diameter is 25.1mm, thickness 2.4mm.
The quarter-ounce coin is .25 ounce .9999 pure gold, with a face value of A$25. Each coin is shipped from the Perth Mint in a round plastic capsule, and shrink-wrapped 20 coins together. Diameter is 20.1 mm, thickness 2mm.
The tenth-ounce coin is .1 ounce .9999 pure gold, with a face value of A$15. Individually encapsulated, 20 coins are shrink-wrapped together for shipment from the Perth Mint. Diameter is 16.1mm, thickness is 1.5 mm.
The twentieth-ounce is .05 ounce of .9999 pure gold, with a face value of A$5. Individually encapsulated, 20 coins are shrink-wrapped together at the Perth Mint. Diameter is 14.1mm, thickness is 1.4mm.
Buying Australian Kangaroo gold coins
CMI Gold and Silver Inc. makes it a practice to keep an inventory of Australian Kangaroo gold coins for prompt delivery. If you would like to discuss investing in Australian gold coins, or would like to discuss buying and selling gold coins with CMI Gold & Silver Inc, call us at 800-528-1380. We take calls 7:00 am to 5:00 pm MST, Mondays through Thursdays, Fridays 7:00 am to 3:00 pm.
For more information about doing business with CMI Gold & Silver Inc., visit our Doing Business with CMIGS page.