Gold Kangaroo Melt Value

An Australian Gold Kangaroo contains 1.0000 troy oz of pure gold, worth $3,996.90 at today's spot price.

The Perth Mint's gold bullion coin began as the Gold Nugget in 1986 and has shown kangaroos since 1989.

1986–present

$3,996.90 gold melt value per coin

1.0000 troy oz gold · 99.99% gold

Melt values use these spot prices (US dollars):

  • Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 10:19 PM EDT

Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.

Specifications

Years 1986–present
Face value AUD $100
Composition 99.99% gold
Gross weight 31.107 g
Fineness .9999 (99.99%)
Pure metal 1.0000 troy oz (31.103 g)
Diameter 32.6 mm

How the melt value is worked out

Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.

  • 31.107 g × .9999 fine ÷ 31.1035 g per troy oz = 1.0000 troy oz
    1.0000 troy oz × $3,996.90 spot = $3,996.90

How to identify it

  • A kangaroo on the reverse; the monarch's effigy on the obverse.
  • The Perth Mint states a minimum weight of 31.107 g.

Melt value vs. collector value

Bullion coins usually sell for a premium over melt value. Proof, low-mintage and graded coins can be worth considerably more than their metal.

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