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First introduced in 1987, the Australian Gold Kangaroo/Nugget series has two unique features. A strikingly beautiful ‘two-tone’ first and a packaging to ensure this .9999 coin remains unscathed.
The reverse of these coins depicted an Australian Gold Nugget in 1987 and all previous dates, before a change to the design in the year 1989 which led to the switch to the Kangaroo. Struck from.9999 pure gold, the Australian Gold Kangaroo is the only major legal tender, pure gold bullion coins that change their reverse design annually.
The Australian Gold Kangaroo is officially referred to as the Australian Gold Nugget by the Perth Mint. The coins have been minted in denominations of 1/20oz, 1/10 oz, 1/4 oz, 1/2 oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24karat. Just like the Chinese Gold Panda, the Australian Gold Nugget changes its reverse design annually.
The Gold Kangaroo (or Gold Nugget) series was introduced by the Gold Corporation, a company owned by the government of Western Australia. The issue of coins have two unique features: for one, a “two-tone” frosted design effect as well as an individual hard plastic encapsulation of each coin. These features were unusually for a standard bullion coin and gave the Nugget a unique market niche.
The Gold Nugget series was introduced in 1986 by the Gold Corporation, a company wholly owned by the government of Western Australia. This issue of coins had two unique features: a “two-tone” frosted design effect, and individual hard plastic encapsulation of each coin. These features were unusual for a standard bullion coin and gave the Nugget a unique market niche.
Until 1989 the coin featured Australian gold nuggets. The design was changed to feature different Kangaroos in 1989 and are today often referred to as “gold kangaroos.”
The Perth Mint created in 2011 a one tonne gold coin, thus breaking the record for the biggest and most valuable gold coin, held previously by the Royal Canadian Mint. Approximately 80 centimeters (31 in) in diameter and 12 centimeters (4.7 in) thick. It features a red kangaroo on the front of the coin and a portrait of Queen Elizabeth II on the reverse. The Face Value of the coin is A$1 million, though at the time of mintage it was worth more than A$53 million.
La Jolla might not know that a self-directed IRA allows them to hold gold in their IRA. For anyone with nerves about the stock market, this offers a great solution. The safest fixed-income investments are barely paying, and inflation in the stock market makes stocks seem top-heavy. That’s why investing some or all of your IRA money into gold and other precious metals is appealing.
Physical IRA Ownership of Precious Metal Coins and Bullion
The Internal Revenue Code allows IRAs to some gold, silver, platinum and palladium bullion and coin products. An IRA can own American Gold Eagle coins, Canadian Gold Maple Leaf coins, American Silver Eagle coins, American Platinum Eagle coins and gold and silver bars (bullion) that are 99.9% pure or better.
An IRA trustee must buy gold coins and bullion and hold them. These tax rules apply equally to traditional IRAs, Roth IRAs, simplified employee pension (SEP) accounts and Simple-IRAs. No problems so far.
At UCPM we can assist you with the process of putting physical gold, silver, and platinum into your self-directed IRA. Adding precious metals to your IRA is a good way to preserve wealth as well as diversify your holdings. It also acts as an outstanding hedge against future uncertainty.
|Composition:||99.99% gold (24 karat)|
|Gross Weight:||1 troy oz (31.103 grams)|
|Actual Gold Weight:||1 troy oz (31.103 grams)|