Sell Gold Coins

Australian Nugget Gold Coins

3 April 2020

PLEASE NOTE that we ONLY sell gold that we PHYSICALLY have in stock. Our position is changing all the time, so you will need to call us for up-to-date availability. Unfortunately, we are currently unable to offer wholesale deals to the trade - strictly retail only. We have Krugerrands and Sovereigns available for immediate delivery.

Coronavirus Statement

Our POSTAL service remains FULLY operational.

In-line with UK Government instruction, our counter service is now CLOSED until further notice. If you have recently purchased bullion from us, we will be in-touch to offer you the option of UK vaulted storage until such time you're able to collect it, or shipping to you via Special Delivery. Please DO NOT try to collect it.

If you are selling scrap gold, silver or gold bullion, our postal service remains operational for sales of standard scrap, bullion and coins. We are unable to offer a 'melt & assay' service until further notice. Advice from Public Health England confirms that Coronavirus does not survive for long on parcels and packaging, therefore our online service will continue to operate. We can also confirm that Royal Mail has extensive contingency planning in place to ensure their delivery network remains operational. You can read their statement here.

Purity Weight (g) Fineness Min. Gold Content (g) Price £
1 Kilogram 1000.1 .9999 1000 41,134.63
Ten Ounce 311.62 .9999 311.03 12,794.10
Two Ounce 62.324 .9999 62.206 2,558.82
One Ounce 32.1 .9999 31.103 1,279.41
Half 15.594 .9999 15.552 639.73
Quarter 7.807 .9999 7.776 319.86
Tenth 3.133 .9999 3.110 127.93
Twentieth 1.555 .9999 1.555 63.96

Australian Nugget Gold CoinFirst introduced to the world in 1986, the Australian Nugget is a gold coin created by the Gold Corporation, a government owned corporation in Western Australia.  The original coins feature a two-tone design and were encapsulated in plastic, something unusual for bullion coins.  Australian Nuggets are minted at the Perth Mint in weights from 1/20 ounce, 1/10 ounce, 1/4 ounce, 1/2 ounce, 1 ounce, 2 ounce, 10 ounce, to 1 kilogram of 24 carat gold.  The gold used in the Australian Nugget is .9999 purity making it a prized coin for collectors and coin investors.  Coins produced at the Perth Mint, including the Australian Nugget, are among the largest and purest gold bullion coins produced on the planet.

The Australian Gold Nugget coins were originally introduced with an reverse design that represented the various gold nuggets for by prospectors in Australia and this design gave the unique coin its name.  In 1989, the reverse design of the gold Nugget was changed to reflect a more recognized symbol of Australia, the kangaroo.  Although it is a misnomer, many coin collectors refer to the Australian Nugget as an Australian gold Kangaroo as a result of this design change.  The obverse of the Australian Nugget portrays Queen Elizabeth II.

The three largest coins, the 2 ounce, 10 ounce and 1 kilogram Australian Nugget have the distinguished title of being some of the largest coins in production and they bear face values ranging from $200 to $10,000 depending upon the year of minting.  The values of these coins were originally set at $500, $2,500 and $10,000 for the 1991 production but these values were lowered to $200, $1,000 and $3,000 respectively from 1992 forward so that the values were a closer match to the value of the 1 ounce coin. 

The Australian Nugget coins also bear the rare feature of being one of the few legal tenders which have changed their reverse design on an annual basis.  At the time of this writing, they are the only legal tender that continues to do so.  An interesting side point is the fact that the proof coins for the previous year display the reverse design to be used for the bullion coins minted in the following year.  It is also to be noted that the reverse design does not change annually for the three larger denominations but has remained a red kangaroo design every year.

The Australian gold Nugget's change of design to include the kangaroo has caused some confusion among amateur gold bullion coin investors.  The Australian gold Lunar coin has a very similar design to that of the Australian gold Nugget and this coin is often confused with the Australian Nugget.  Since the Australian Lunar also features the portrait of Queen Elizabeth II on the reverse side, it has added to the confusion.  The Australian Lunar was created to honor the Chinese New Year and features the 12 animals of the Chinese zodiac calendar.  The kangaroo is not one of the Chinese Zodiac animals so if a prospective purchase displays a kangaroo, it is not an Australian Lunar.  Australian Nuggets do not feature any animal other than the kangaroo.

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