The Australian tenth-ounce gold piece (abbreviated as 1/10 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.
The first coins in this format were issued by the Perth Mint in what was then called the Australian Nugget series - named after the natural gold nuggets featured on the reverse. However, the series soon started featuring kangaroos instead, and was eventually renamed to Australian Kangaroo.
This coin is part of the long-running Australian Kangaroo bullion coin series by the Perth Mint, and is a "numismatic" issue with a one-year design. It was issued in bullion grade, as well as in proof as part of a five-coin gold set featuring five different sizes with the same reverse design.
The Mint says about the set: Built on The Perth Mint’s long-standing tradition of quality minted products, this remarkable set incorporates five flawless gold proof coins depicting Australia’s unique hopping marsupial. The 99.99% pure gold collection comprises a 1oz, 1/2oz, 1/4oz, 1/10oz and 1/20oz coin with an appealing reverse design depicting a crouching adult kangaroo. The 1/2oz, 1/10oz and 1/20oz sizes are only available as part of this set. |