Australian Gold Coins Overview
Gold coins are highly popular among investors and offer a convenient way to begin acquiring more total ounces of gold. Gold coins are produced by many different mints all over the globe, and even come in numerous sizes, weights and purities. Gold coins come in a vast amount of different designs and looks. Some gold coins celebrate important historical events while others may pay tribute to a country’s landscape or wildlife. Australian gold coins, for example, feature numerous designs that depict native animal species of Australia.
Popular Australian Gold Coins
Many of the most popular Australian gold coins are produced by The Perth Mint. This mint is Australia’s largest precious metals enterprise, and it produces premium gold, silver and platinum products that are distributed all over the world. The mint is one of Western Australia’s largest exporters, and it exports some $18 billion worth of coin and bar products to over 100 countries per year.
The Australian Gold Kangaroo coin is an excellent example of the quality, craftsmanship and beauty that the Perth Mint has become known for. This 1 ounce gold coin features the iconic kangaroo in its natural habitat. The coin’s design has changed on an annual basis, so investors and collectors have numerous designs to choose from and can buy several different designs for added diversity. This 1 ounce gold coin also features the profile portrait of Her Majesty Queen Elizabeth II. The coin contains 1 troy ounce of 999.9 percent fine gold, and is considered good, legal tender with a face value of $100 (AUD).
The Australian Gold Kangaroo is also available in smaller weights including 1/10th ounce, ¼ ounce and ½ ounce. These smaller weight coins may be relatively more affordable for smaller investors or those on a tight budget. While they may have the same designs as large 1 ounce coins, they carry smaller face values.
Another popular Australian gold coin is the Australian Gold Rooster coin. This coin pays tribute to the year of the rooster, and also features a profile portrait of Her Majesty Queen Elizabeth II. These gold coins also feature exquisite design details, and come in numerous weights including 1/20th ounce, 1/10th ounce, ¼ ounce, ½ ounce, 2 ounce and 10 ounce. These gold coins contain 999.9 percent fine gold, and are available in both bullion as well as proof versions.
Australian gold coins can be a great choice for adding beautiful design work and diversity to your portfolio or collection. Because gold coins are small, they can be easily transported and stored in a home safe, a bank safe deposit box or in the depository of your choice. Due to their high purity, certain Australian gold coins may potentially be eligible for purchase in an IRA account. Of course, you should consult your own tax professional prior to purchasing for an IRA to determine eligibility and to ensure proper guidelines are followed.
Australian gold coins can make an excellent addition to any portfolio and typically offer reasonable premiums over spot.