The Australian Nugget 2 Oz 1995
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Detailed description
The exclusive gold investment coin, minted by the Perth Mint and weighing 2 Oz (62.21 g) of the purest 99.99% gold, was issued in 1995 as the prestigious title of the Australian Mint under the name The Australian Nugget. The coin bears the red kangaroo motif, which with the 2009 mintmark also transitioned to the trade name Australian Kangaroo.
The reverse shows the iconic Red Kangaroo motif surrounded by stylised sun rays. Stuart Devlin's design first appeared in 1989 on the Proof collector's issue. The following year, it transitioned to the bullion line to become a constant in the design of the 2 Oz investment variant from 1991 to 2009. The rim of the coin states "THE AUSTRALIAN NUGGET", the weight and purity of the metal "2 oz 9999 GOLD" and the year of issue "1995". The design includes the inscription "RED KANGAROO".
The obverse of the coin bears a third coin portrait of Queen Elizabeth II by Raphael Maklouf. The inscriptions "ELIZABETH II", "AUSTRALIA" and the denomination "200 DOLLARS" appear on the rim.
Minted in a mintage of only 6,561, the coin has the status of Australian legal tender.
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