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 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 endeavour to create coins with attractive designs, and to introduce new designs and themes often, in order to raise the numismatic value of the coins over the value of previous metal used.
This one-ounce gold coin with a face value of $100 is the fourth gold issue in the Perth Mint's Australian Brumby (wild horse) coin range, which features a new reverse design every year; the gold ounce repeats the design of the previous year's silver ounce.
The mint says about it: According to tradition, when soldier and pastoralist James Brumby was transferred from Sydney to Van Diemen’s Land in 1801, he was forced to release several of his animals into the bush. Known as Brumby’s horses and later as "brumbie", the word came to mean wild horses. Free, independent, and successfully inhabiting an unforgiving environment, the brumby became an Australian icon that is seen by many as symbolic of our national character. |