Popular .9999 Pure Gold Coin Released With New Kangaroo Image
The 2017 1 oz Gold Australian Kangaroo is now available from the Perth Mint. The Perth Mint describes the Gold Australian Kangaroo coin as “Australia’s most prestigious gold bullion coin series.”
The Gold Australian Kangaroo is released annually with a new image of the iconic symbol of Australia’s outback – the kangaroo – on the reverse of the coin. The 2017 version of the Gold Australian Kangaroo features a sole Kangaroo hopping across the brush in the outback.
The obverse of the coin depicts Ian Rank-Broadley’s image of Queen Elizabeth II.
The Australian Gold Kangaroo is minted of 99.99% pure gold (.9999, 24kt) and the weight and purity of each coin is guaranteed by the Perth Mint that is owned by the State Government of Western Australia. One ounce Australian Gold Kangaroo coins are considered legal tender with a face value of $100 Australian Dollars, although their gold content is worth much more.
Perth Mint Gold Sales
The Perth Mint sold 58,811 ounces of gold in September 2016. This was up 300% from the Perth Mint’s August 2015 gold sales of 14,684 ounces. September Perth Mint gold sales were the highest monthly total in 2016. The dramatic increase in sales was due in part to the release of another Perth Mint popular coin the, the Gold Australian Rooster.
The early release of the 2017 Gold Australian Kangaroo is almost certain to drive gold sales even higher.
About the Perth Mint:
The Perth Mint, located in Western Australia, is historically known for its gold sales. Australia ranks third in global gold production and has about ten percent of the world’s known gold reserves. Many of Australia’s gold mines are located in Western Australia where the Perth Mint was founded in 1899.
As a full service government mint, the Perth Mint produces legal tender gold and silver coins that are not intended, however, for general circulation. Australia’s general circulation coins are produced by the Royal Australian Mint. The Perth Mint focuses on minting precious metal bullion and collector coins and bars.
The Perth Mint has been refining about 300 and 400 tonnes of gold and silver each year and also supplies gold and silver blanks to other government mints. As a major producer of silver blanks, the Perth Mint has not experienced any production halts during the past year.
Perth Mint gold sales data: The Perth Mint Blog
This article by BGASC is not, and should not be regarded as, investment advice or as a recommendation regarding any particular course of action.