Gold Ounce (1 oz), Australian Koala, Coin Type from Australia - detailed information

Gold Ounce (1 oz), Australian Koala, Coin Type from Australia (issued 2017 - )
Coin TypeGold Ounce (1 oz), Australian Koala

The Australian one ounce gold piece (abbreviated as 1 oz and designated with Au for "gold") is a bullion coin format. Uniquely, in Australia there are two mints independently authorised to strike legal tender: the Royal Australian Mint (which also makes the country's circulating coinage) and the Perth Mint which only makes collector and bullion coins, as well as other bullion products.

Both mints issue coins featuring the koala - one of the most famous and distinctive animals native to Australia; the reverse design change every year. The gold one-ounce coins have a face value of 100 dollars, but this is only symbolic - as the bullion value of their precious metal content is much higher. The overall weight is slightly more than one ounce, so that the pure gold content is exactly 1.000 AGW (one troy ounce Absolute Gold Weight).

Obverse

Effigy of the ruling monarch, legend, face value.

Obverse Inscription Legend of the ruling monarch, face value
Reverse

The reverse shows at its centre a koala - the iconic native Australian animal; there is a new depiction every year. The design also incorporates the P mint mark of the Perth Mint.

Around above, the name of the coin series: AUSTRALIAN KOALA.

Around below, the year of issue and the precious metal content: [year] 1 oz 9999 GOLD (one ounce of 99.99% gold).

Reverse Inscription AUSTRALIAN KOALA [year] 1 oz 9999 GOLD
EdgeMilledEdge InscriptionNone
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Gold Ounce (1 oz), Australian Koala: Details
CountryAustralia
CurrencyAustralian Dollar
Sub-type ofGold Ounce (1 oz)
From2017
Face Value100 (x Dollar)
CurrentYes
Material0.9999 Gold
Designer
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size27.3000 mm
Thickness5.0000 mm
Mass31.1070 g