Sovereign and private mints around the world strike bullion coins with inspiring designs on an annual basis. In many cases, sovereign mints will select historic coin designs that were popular while in circulation as the face of new bullion coin programs. Such is the case with the 2016 ½ oz Gold Royal Australian Kangaroo coin, which is now available for purchase on Silver.com.
- All-new product from the Royal Australian Mint!
- Design inspired by the original copper penny in Australia.
- Arrives in a plastic assay card.
- Consists of one-half troy ounce of .9999 fine gold.
- Bears a face value of $50 (AUD) backed by the federal government of Australia.
Royal Australian Kangaroo coins originated in 1993 with the release of a silver bullion coin. It wasn’t until 2003 that the mint expanded its program to offer a gold-plated coin in the kangaroo series. These 2016 ½ oz Gold Royal Australian Kangaroo Coins mark a significant increase in the kangaroo bullion series.
The design used on the Royal Australian Mint’s kangaroo bullion coin series originated in the mid-20th century. Australia introduced pennies in the Australian pound system of currency used by the Commonwealth of Australia starting in 1911. These coins were used until decimalization of the system in 1966, and the kangaroo was fixture of the pennies at this time.
During the reign of King George VI, the kangaroo appeared as the reverse design on the copper pennies issued by Australian mints, predominantly the Perth and Melbourne Mints of the former Royal Mint system. The last copper penny with a kangaroo design was struck in 1964.
On the reverse of these 2016 ½ oz Gold Royal Australian Kangaroo coins you’ll find that original kangaroo design, which depicts the world’s largest marsupial in mid-leap position. Additional design elements include the star of the commonwealth, also found on the copper penny, and the leaves of the Tasmanian Blue Gum.
The obverse includes the right-profile portrait of Queen Elizabeth II. Each of these coins is legal tender in Australia and produced by the Royal Australian Mint.
Founded in the capital of Canberra in 1965, the Royal Australian Mint is the official sovereign mint of the nation. It took control of circulation currency production from the Perth Mint and Melbourne Mint from the old Royal Mint system opened by the British.
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