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5 Dollars - Elizabeth II 4th Portrait - Kangaroo - Gold Bullion Coin
| Issuer | Perth Mint |
|---|---|
| Year | 2001-2002 |
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| Composition | Log in to see details |
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| Technique | Milled |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | Two kangaroos standing in profile are depicted centrally over a raised relief outline map of Australia, rendered in fine detail against a polished field. The upper legend reads THE AUSTRALIAN NUGGET 1/20 OZ. 9999 GOLD, encircling the design along the upper periphery with a beaded border. The date 2001 appears in the lower exergual area flanked by raised dots, with the Perth Mint privy mark P visible below the map design. |
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| Additional information |
Australia's gold kangaroo bullion program launched in 1986 as the "Nugget" series before rebranding around the kangaroo design in 1989 — a deliberate pivot away from competing directly with the Krugerrand on historical grounds and toward a more distinctly Australian identity. The Perth Mint, technically a Western Australian government enterprise rather than a federal institution, operates independently of the Royal Australian Mint in Canberra and has always handled the bullion program on its own terms.
The 1/20 oz denomination occupies a narrow commercial niche, produced primarily for collectors and gift-market buyers rather than serious bullion stackers. Premiums on fractional gold consistently outpace the metal content.