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Inventory:
1 In Stock
- Product ID: 51357
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| Metal/Chg | Bid | Ask |
|---|---|---|
| Updated: 11/21/24 01:53:01 | ||
Gold
 14.68
|
$2,664.18 | $2,677.25 |
The 1997 Australia Gold Kangaroo 1 oz coin is an integral part of one of the most beloved and iconic gold bullion series produced by the Perth Mint. Originally launched in 1986 as the Australian Gold Nugget, the series was rebranded in 1989 to the Australian Gold Kangaroo, in an effort to better represent Australia's cultural heritage and to appeal to a global audience. This change capitalized on the international recognition of the kangaroo as a symbol of Australia.
The design of the 1997 coin features a striking image of a kangaroo in motion, set against a backdrop of Australian flora. This particular portrayal is part of the series' charm, as the design changes each year, offering collectors and investors a fresh depiction of one of Australia’s most iconic creatures. The annual change in design is not only a nod to the dynamic nature of wildlife artistry but also enhances the coin's collectibility. The obverse of the coin carries the effigy of Queen Elizabeth II, designed by Raphael Maklouf, solidifying its status as legal tender under Australian law.
Each 1997 Gold Kangaroo coin was meticulously struck from 1 oz of 99.99% pure gold and initially presented in a protective acrylic capsule. This packaging was designed to ensure the coin's condition remained pristine, protecting its lustrous finish and intricate details from environmental factors and handling. For collectors, the original packaging from the Perth Mint adds to the authenticity and preservation of the coin, enhancing its desirability and value.
The mintage of the 1997 Australian Gold Kangaroo was limited, a strategy that has been consistently employed by the Perth Mint to maintain the coin's exclusivity and investment appeal. Limited mintage helps ensure that each edition retains a high value in the numismatic marketplace, appealing to both collectors looking to complete or enhance their series collection and to investors seeking gold assets that also offer numismatic premium.
In terms of condition, the 1997 Australia Gold Kangaroo 1 oz coin is typically found in brilliant uncirculated condition. This high state of preservation ensures that each coin retains the original mint luster, sharp relief, and clear details, free from wear and tear associated with circulated coins. The impeccable condition of these coins is crucial for collectors and investors, as it directly influences their market value and collectible status.
An interesting fact about the Australian Gold Kangaroo series is its legal tender status in Australia, which means that despite being primarily purchased for investment and collection purposes, each coin also holds a monetary value defined by Australian law. Furthermore, the series is renowned for showcasing some of the highest standards of minting excellence in the world, with the Perth Mint enjoying a global reputation for quality and innovation in the bullion coin market.
In conclusion, the 1997 Australia Gold Kangaroo 1 oz coin exemplifies the blend of numismatic art and investment appeal. Its yearly changing design, high-quality gold content, and meticulous packaging make it a standout piece in the world of collectible bullion. Collectors and investors alike cherish this series for both its aesthetic appeal and its potential for appreciation in value, making it a significant asset in any collection or investment portfolio.