Description
The 1987 Australian Nugget 1 oz Gold Coin holds a special place in bullion history as the inaugural release in The Perth Mint’s Australian Nugget series. This coin not only highlights Australia’s rich gold-mining heritage but also marked the beginning of one of the most renowned gold bullion programs worldwide.
- Composition: Contains 1 troy ounce of 99.99% pure gold.
- Design Theme:
- Obverse: Features the effigy of Queen Elizabeth II, designed by Raphael Maklouf, along with the coin’s face value.
- Reverse: Depicts the “Welcome Stranger” gold nugget, the largest alluvial gold nugget ever discovered. Found in 1869 in Victoria, Australia, the nugget weighed over 2,520 troy ounces before being refined.
- Mintage: This was the first coin in The Perth Mint’s gold bullion series, making it highly collectible for both its historical significance and rarity.
When the series was introduced, the coins were uniquely focused on images of famous Australian gold nuggets, such as the “Welcome Stranger.” However, in 1989, the series transitioned to featuring iconic Australian wildlife, beginning with the kangaroo, which has remained the hallmark of the series ever since.
- Legal Tender: Issued as legal tender under the Australian Currency Act 1965, with a face value of $100 AUD.
- Numismatic Value: Early coins in the Nugget series, particularly the 1987 release, are highly prized by collectors due to their historical significance, limited availability, and beautiful design.
The 1987 Australian Nugget Gold Coin is a landmark piece for both investors and collectors, symbolizing the beginning of Australia’s celebrated bullion coin tradition and commemorating one of its most extraordinary gold discoveries.
Note: Stock may include coins purchased from the secondary market in good condition.
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