1993 Twentieth Ounce Gold Proof Kangaroo Nugget
Just 998 of these were struck.
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AUSTRALIA 1993 GOLD TWENTIETH OUNCE PROOF COIN
Obverse: Maklouf portrait of Elizabeth II to right
Reverse: Whiptail Wallaby
Purity: 99.99% Weight: 1.55g Nett: 0.05ozt
Just 998 of these were struck.The Australian Kangaroo Nugget series began in 1989, and has gone on to become one of the leading bullion coins in the world. The bullion coins are exceptional quality, and the proof coins are even better, just look at the results!
It's thought that when the market for gold bullion reaches it's glory days again, the premiums that limited edition proof coins such as this one command over "melt" value will increase dramatically. Look at what happened in 1980 and 1981 - the coins that proportionally rose in value the most were those that were initially selling for a modest amount above spot.