Australian Gold Kangaroo Melt Value
An Australian Gold Kangaroo contains 0.9999 troy oz of pure gold (31.1 g × .9999). At $4,147/oz gold, its melt value is about $4,147. Dealers quote bullion as a premium or discount to melt.
Values above refresh with the October 19, 2026 spot price.
Australian Gold Kangaroo specifications
| Years | Fineness | Gross weight | Pure gold | Diameter | Face value |
|---|---|---|---|---|---|
| 1986–present | .9999 (99.99%) | 31.1 g | 31.1 g (0.9999 oz t) | 32.6 mm | $100 AUD |
The Perth Mint's .9999 gold bullion coin, first issued in 1986 as the Australian Nugget with gold-nugget designs; a kangaroo design has been used since 1989.
How the melt value is calculated
Melt value = gross weight × fineness ÷ 31.1035 × spot price. For the 1 oz ($100): 31.1 g × .9999 = 31.1 g of pure gold. Divide by 31.1035 grams per troy ounce to get 0.9999 oz, then multiply by $4,147 spot: about $4,147.
Melt value by quantity
| Quantity | Pure gold | Melt value |
|---|---|---|
| 1 coin | 0.9999 oz t | $4,147 |
| 5 coins | 4.9995 oz t | $20,735 |
| 10 coins | 9.9990 oz t | $41,470 |
| 20 coins | 19.9980 oz t | $82,940 |
| 25 coins | 24.9975 oz t | $103,675 |
| 100 coins | 99.9900 oz t | $414,699 |
Melt value vs collector value
The Australian Gold Kangaroo is a bullion coin, so its price tracks the gold spot price. Buyers and sellers usually quote it as a premium over (or a discount to) melt value, and that premium depends on the dealer, the year and the coin's condition. Special and proof versions can sell for more. Melt value is the number to anchor on: it's what the metal alone is worth today.
Related coins
More: Gold melt value explained · How to sell gold and silver coins · How to track a precious metals stack · Free melt calculator · All coin melt values
Specs: Nu Stack coin database (curated entries and the Numista catalog). The database lists 32.1 mm; the Perth Mint lists 32.60 mm. Melt values use the gold spot price from the Nu Stack price feed and are estimates of metal content only, not offers to buy or sell.
Frequently asked questions
How much gold is in an Australian Gold Kangaroo?
An Australian Gold Kangaroo has 31.1 g (0.9999 troy oz) of pure gold: 31.1 g gross weight at .9999 fine.
What is an Australian Gold Kangaroo worth in melt value today?
About $4,147 at $4,147/oz gold (October 19, 2026). Melt value moves with the gold spot price; this page updates automatically.
Is an Australian Gold Kangaroo worth more than its melt value?
Bullion coins usually trade close to melt value plus a dealer premium. Proof, low-mintage or special issues can sell for more. Compare a dealer's quote against the melt value above.