Nugget and Kangaroo Fact File
Everything you need to know about Australian gold nuggets and kangaroos.
One Ounce of Gold
Many countries now issue a one ounce bullion coin, to be sold at a very low premium over the intrinsic gold value. The Australian version is the Nugget or Kangaroo.
Krugerrands versus Nuggets
Because Krugerrands were the first one ounce gold bullion coins to be issued, it is worth comparing gold nuggets with Krugers.
Krugerrands were first issued in 1967, as one ounce bullion coins. From 1980, they were also produced in fractional sizes of half ounce, quarter ounce, and tenth ounce. Nuggets were introduced in 1986.
The Nugget Family
During the first few years of their issue, the design on the reverse of the Australian Nuggets was, somewhat originally, Australian nuggets. Each of the four sizes carried a picture of a different famous gold nugget.
For more information about the designs on different sizes and dates of Nuggets, please see our Nuggets Designs page.
Gold Nuggets are available in four different sizes and weights, from one ounce to one tenth of an ounce, as detailed below.
Nuggets and Kangaroos - New Designs
The obverse bears a portrait of H.M. Queen Elizabeth II.
The reverse designs of Australian gold nuggets feature individual themes.
Low Premium Over Gold Content
As with most one ounce gold bullion coins, they are made available to world bullion dealers at a 3% premium over the current gold fix, so that after distribution costs, the coins would be available to investors in quantity at about 6% to 7% over intrinsic gold values, and possibly 12% premium for single pieces.
Higher Premium on Smaller Sizes
The fractional sizes were issued at higher premiums to bullion dealers of 5%, 7%, and 9% respectively. The fractional coins have never been as popular as the full one ounce coins, usually only being purchased as singles, so that in practice, it would usually cost 10% to 25% premium for the half and quarter ounce, and from 20% to 35% premium for the tenth ounce, most of which seem to have been used in jewellery. Most bullion houses do not want the bother of handling small quantities of low value coins.
VAT Free From January 2000
In Britain investment gold coins became VAT free.
Continuous Service from Chard
Chard have maintained a dealing service for both collectors and investors in bullion and numismatic coins since 1964.
The following table summarises the specifications of all the sizes.
| || ||mms.||Grams||/1.000||Grams||Troy Ounces|
|One Tonne (2012)
|One Kilo (1991)||10,000 Dollars||74.50||1000.10||.9999||1000||32.1507|
|One Kilo (1992-)||3,000 Dollars||74.50||1000.1||.9999||1000||32.1507|
|Ten Ounce (1991)||2,500 Dollars||59.70||311.62||.9999||311.04||10.0000|
|Ten Ounce(1992-)||1,000 Dollars||59.70||311.62||.9999||311.04||10.0000|
|Two Ounce (1991)||500 Dollars||40.40||62.324||.9999||62.207||2.0000|
|Two Ounce (1992-)||200 Dollars||40.40||62.324||.9999||62.207||2.0000|
|One Ounce||100 Dollars||32.10||31.162||.9999||31.104||1.0000|
Postage & Packing
UK Registered Post (Special Delivery) £9 per order
EU Insured Post £10 per order
USA Airmail $10 per order
USA Insured Shipping $20 per order
We Sell Nuggets
Bullion Coin Selector Page
Sizes to Scale
Obverse - One Ounce