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The 1/10 Australian Gold Kangaroo is the smallest denomination that the Perth Mint issues as part of its Kangaroo bullion coin series. It offers the same excellent purity - .9999 - that all of the other Gold Kangaroos offer, but in a compact package.

1/10 oz Australian Gold Kangaroo Price

For any gold bullion coin, there are two elements that inform its price. The first and more impactful of these elements is the spot price of gold.

The spot price of gold is the going price for investors to buy currently expiring gold futures contracts on the commodity exchange. However, for coin collectors and precious metals dealers, the spot price serves as the market price for a troy ounce of gold.

Now, because the spot price is the cost of a full ounce, the 1/10 oz Kangaroo derives the majority of its value by dividing the spot price by 10. However, the spot price doesn’t tell the full story.

No matter where you try to buy a 1/10 oz Australian Gold Kangaroo, you will discover that the price is higher than the proportional spot price would indicate. What you are seeing is the premium, or additional fee that the dealer has placed onto the coin.

The premium is the cost that the dealer assigns for its facilitation of the deal. It is usually expressed as an additional percentage above the spot price.

For 1/10 oz Kangaroos, the premium percentage is typically between 12% and 22%. In comparison to other 1/10 oz coins, the Kangaroo is one of the least expensive on the market.

As such, it might be an excellent opportunity to buy high quality gold inexpensively. However, understand that the low premium may also indicate that the coin may be slightly more difficult to sell than, say, a 1/10 oz American Gold Eagle.

Find the Lowest Price on 1/10 oz Australian Gold Kangaroo

Now, even though the 1/10 oz Australian Gold Kangaroo is a great value already, there are still plenty of ways to move toward the lower end of the premium range. 

The first thing to do is make a good choice of precious metals dealer or coin shop. You can find a reputable dealer near to you, or you can explore the possibilities online. If you want to shop around in seconds, start your search with the following websites:

• JM Bullion
• Provident Metals
• Silver.com
• BGASC.com

Look for dealers that have long track records of exemplary service. Check their Google reviews and check their ratings with the Better Business Bureau.

Avoid dealers that seem shady. You should also consider any too-good-to-be-true deals to be suspect.

Once you decide on your dealer, look at the selection of 1/10 oz Australian Gold Kangaroos, and try to find the options that match the following statements:

• The coin is not designated to be a proof coin or uncirculated coin. These coins have extra costs due to the precision of their minting and shipping processes.
• The coin is a “random year” coin. Some years are more desirable than others, but you still get the same level of pure gold from an off year that you do for one of the popular ones.

If at all possible, under your budget constraints, you can also save yourself quite a bit of money if you can buy in bulk. Even though the total cost of the Kangaroos is higher at the beginning, the unit cost for each one will be much lower.

Description

The Australian Gold Kangaroo series has an unusual history, in that it first appeared as an entirely different coin for the first four years of its existence. The Perth Mint produced the Gold Nugget coin between 1986 and 1989.

Presumably due to unsatisfactory sales, the mint changed the coin to its current identity in 1990. 1990 also marked the first year of the 1/10 oz denominations, but all sizes of the coin are cast in the same .9999 purity level.

The design of the coin’s obverse has always featured the enthroned British monarch at the time of the coin’s mintage. Queen Elizabeth II appeared as the honoree between 1990 and 2023. However, the 2023 coin was the last year to feature the queen, as she passed away in November 2022.

The issues since then have featured her son, Charles, who is now styled King Charles III. Presumably, the next to be honored will be Prince William - whenever he finally ascends the throne.

The design on the reverse has changed fairly frequently but has always featured the same topic. Unsurprisingly, the most iconic animal to call Australia home, the kangaroo, is a natural choice for depiction, and is the source of the coin’s name.

Each 1/10 oz Australian Gold Kangaroo is legal tender in Australia and bears a face value of $25 AUD. It is produced by the Perth Mint, the official bullion facility for the country and, as a holdover from British colony days, one of the oldest continually operating mints in the world.

Coin Highlights

Don’t have time to read many details? The bullet list of highlights below should give you the nuts and bolts that you need about the 1/10 oz Kangaroo:

• 1/10 troy ounce of gold.
• .9999 fine gold.
• First produced in 1990.
• The smallest denomination of Gold Kangaroo coin.
• Obverse features either Queen Elizabeth II or King Charles III.
• Reverse features the kangaroo, albeit with different designs.
• Face value of $25 AUD.

Buying Fractional Coins

Whenever you buy a 1/10 oz Australian Gold Kangaroo, you are buying what is known as a “fractional” coin. Obviously, the presence of a fraction in the coin’s name is a big clue, but it is so named because its gold weight is less than a full ounce.

With full-size gold coins commanding thousands of dollars each, fractionals can offer an affordable alternative. In particular, new investors find them appealing, as they may be hesitant about committing so much budget to their new collection at the outset.

However, fractional coins do bear a downside, in that they are less cost-effective than the full-size coins. Where the 1/10 Gold Kangaroo bears a premium percentage of at least 12%, 1 oz Gold Kangaroos are available at only 2.5% over the spot price.

Of course, there’s no denying that the bottom-line price for a fractional is significantly less than a 1 oz coin. So, if you are nervous or, frankly, aren’t able to buy a big coin, the 1/10 oz Kangaroo is an excellent option. At the end of the day, it is still an exceptionally pure item and unashamedly makes gold part of your portfolio.

Specifications