Kangaroo 1/10oz Gold Coin 2017

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Kangaroo 1/10oz Gold Coin 2017 - Motif

Weight: 3.11 g
Purity: 999.9 / 1000
Country: Australia
Mint: The Perth Mint
Packing: Single in capsule
Grading: Mint State; Uncirculated
Tax: Taxfree acc. to §25cUStG
Excl. Tax: € 131.41 Incl. Tax: € 131.41
Quantity Net Per Unit VAT Per Unit Gross Per Unit Premium  
1+ € 131.41 € 0.00 € 131.41 15.82%
Product Description

The 1/10 oz 2017 Kangaroo is a popular fractional size gold coin. Other fractional coins in the series include the ½ oz, the ¼ oz and the 1/20 oz. The 1/10 oz is popular because along with the 1/20 oz coin it offers a low price point.

Fractional sizes give investors the opportunity to buy name brand coins at more flexible price points. It should be noted that the smaller the coin the higher the premium. As smaller coins are more expensive to mint.

As a result buyers must weigh the pros and cons of investing in fractional weight products.

Weight, Size & Alloy

The 1/10 oz Australian Kangaroo has a fineness of 999.9/1000. The key dimensions of the coin are listed below:

Fine Weight: 1/10 oz

Thickness: 1.3mm

Diameter: 16.1mm

Par Value: 15 Australian Dollars

Advantages

One of the advantages of owning Kangaroo Gold coins is that they are minted by the Perth Mint. The Perth Mint has a good reputation and mints some of the highest quality gold and silver bullion products in the world.

Another unique aspect of the Kangaroo series is that the designs change annually. This is a compelling feature for those investors who are interested in owning each year of a coin series. It also attracts the attention of collectors.   

Lastly, investors who are looking for a gold coin with a high level of purity are attracted to the Kangaroo. All of the coins in the series have a fineness of 999.9/1000, which is 24K gold.

Background

The Kangaroo design first appeared on the Australian Nugget coin in 1989. The original Nugget series was introduced in 1986. The series was renamed “Australian Kangaroo” in 2008.

The Kangaroo was chosen as the design because it was thought to be a more recognizable symbol for Australia.

Product Details

Manufacturer: Royal Perth Mint

Country of origin: Australia

Karat: 24 K

Purity: 999.9/ 1000

Alloy: Gold

Weights: 1 oz, 1/ 2 oz, 1/ 4 oz, 1/ 10 oz, 1/ 20 oz,

Scratch resistance: poor