The Australian Gold Nugget Bullion Coin is a gold bullion coins produced by the Perth Mint in Australia. The Australian Gold Nugget Bullion Coin began production in 1986, and is still in production today. The Australian Gold Nugget Bullion Coin is one of the few gold bullion coins whose reverse design changes every year, along with the other well-known gold bullion coin, the Chinese Panda. The Australian Gold Nugget Bullion Coin is minted in .9999 fine gold, otherwise known as 24 karat gold.
The Australian Gold Nugget Bullion Coin was first introduced by The Gold Corporation, which is a company that is own in its entirety by the Western Australian government. These Australian Gold Nugget Bullion Coins had a very unique frosted design that gave the Australian Gold Nugget Bullion Coin a unique, almost two tone design. The early Australian Gold Nugget Bullion Coin, from 1986 until 1989, came with different pictures of gold nuggets on the reverse of the Australian Gold Nugget Bullion Coin. From 1990 until present, the Australian Gold Nugget Bullion Coin featured various kangaroos on the obverse.
The Australian Gold Nugget Bullion Coin is available in a wide range of sizes. The 1/20 ounce Australian Gold Nugget Bullion Coin, the 1/10 ounce Australian Gold Nugget Bullion Coin, the 1/4 ounce Australian Gold Nugget Bullion Coin, the 1/2 ounce Australian Gold Nugget Bullion Coin, the 1 ounce Australian Gold Nugget Bullion Coin, the 2 ounce Australian Gold Nugget Bullion Coin, the 10 ounce Australian Gold Nugget Bullion Coin, and the 1 kilogram Australian Gold Nugget Bullion Coin. In October 2011, in an effort to beat out the Canadians, the Perth Mint issued a one metric ton Australian Gold Nugget Bullion Coin, which contained 37,500 ounces of gold.
The Australian Gold Nugget Bullion Coin has value as currency as well as its intrinsic gold value. The 1/20 ounce Australian Gold Nugget Bullion Coin has a value of $5, the 1/10 ounce Australian Gold Nugget Bullion Coin has a value of $15, the 1/4 ounce Australian Gold Nugget Bullion Coin has a value of $25, the 1/2 ounce Australian Gold Nugget Bullion Coin has a value of $50, the 1 ounce Australian Gold Nugget Bullion Coin has a value of $100, the 2 ounce Australian Gold Nugget Bullion Coin has a value of $200, the 10 ounce Australian Gold Nugget Bullion Coin has a value of $1000, the kilogram Australian Gold Nugget Bullion Coin has a value of $3000, and the 1 metric ton Australian Gold Nugget Bullion Coin has a value of $1,000,000. The face value of all these Australian Gold Nugget Bullion Coins is less than their intrinsic gold value.