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100 Dollars - Elizabeth II 3rd Portrait - Australian Nugget - Gold Bullion Coin
| Issuer | Perth Mint (Australia) |
|---|---|
| Year | 1988 |
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| Composition | Log in to see details |
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| Thickness | 2 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The reverse depicts a highly detailed, three-dimensional rendering of the 'Pride of Australia' gold nugget, discovered in 1981, set against a dramatic radiating sunburst pattern that fills the central field. The nugget's irregular, craggy surface is rendered with naturalistic precision. The arc legend THE AUSTRALIAN NUGGET 1 OZ. 9999 GOLD runs along the upper periphery, while the nugget's name PRIDE OF AUSTRALIA 1981 appears in a straight legend beneath the central device. The mint identifier P200 and the date 1988 are inscribed in the lower field, with all legends and devices framed by a beaded border. |
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| Additional information |
The Australian Nugget series launched in 1986 as a direct challenge to the South African Krugerrand, which had dominated the gold bullion market but was facing mounting international trade sanctions. The Perth Mint positioned the series explicitly to capture that displaced demand, and the .9999 fineness — rather than the Krugerrand's .9167 — was a deliberate commercial decision to undercut competitors on purity claims.
The 1988 issues are the last year before the series switched from nugget reverses to kangaroo designs, making this a transitional piece within the program's own short history.