Australian Kangaroo Gold Coins in IRA & Retirement
The Australian Kangaroo Gold Coin, introduced by the Perth Mint in 1986, is celebrated for its 99.99% pure gold content and annually changing designs featuring Australia's iconic kangaroo. These coins are legal tender in Australia and are highly regarded by investors.
The obverse of the coin features the effigy of Queen Elizabeth II, designed by Jody Clark, along with the coin's monetary denomination.
The reverse showcases a detailed depiction of a kangaroo, Australia's national symbol, with the design changing annually. Inscriptions include "AUSTRALIAN KANGAROO", the coin's weight, purity, and year of issue.
The Australian Kangaroo Gold Coin meets the IRS's minimum purity requirement of 99.5%, making it eligible for inclusion in Self-Directed Gold IRAs. Its high purity and government-backed status enhance its appeal for retirement portfolios.
1 oz Australian Gold Kangaroo
| IRA-Eligible | Yes, is eligible |
| Value | $100 AUD |
| Metal Content | 99.99% Gold |
| Purity | 24-karat (99.99%) |
| Years of Minting | 1986–present (Bullion) |
| Mint | Perth Mint |
Measures 32.6 mm in diameter and 2.8 mm in thickness, often with a reeded edge. The designer(s) vary by year, with all coins boasting a fineness of 9999 parts per thousand of pure gold.
The Australian Kangaroo Gold Coin is available in fractional sizes of 1/2 oz ($50 AUD face value), 1/4 oz ($25 AUD), and 1/10 oz ($15 AUD). These smaller denominations offer flexibility for investors, though the 1 oz coin is often preferred for IRA investments due to its cost-effectiveness.
Is the Australian Kangaroo Gold Coin Eligible for a Gold IRA?
Yes, the Australian Kangaroo Gold Coin is eligible for inclusion in a Self-Directed Gold IRA. Its 99.99% purity exceeds the IRS's 99.5% minimum requirement, making it a IRS qualified asset for Precious Metal IRAs. To add this coin to your IRA, begin by selecting an IRS-approved Gold IRA company who can assist with account setup, funding through a rollover, IRA transfer, or direct contribution, and purchasing the coins from an approved dealer.
Other IRA-Eligible Gold Coins
Other popular bullion coins typically chosen in a Gold IRA are listed below:
- American Eagle Gold Coin
- Canadian Maple Leaf Gold Coin
- American Gold Buffalo Coin
- Austrian Philharmonic Gold Coin
- British Gold Britannia Coin
- Mexican Gold Libertad Coin
- British Gold Queen's Beast Coin
- Australian Gold Lunar Series Coin
These best gold coins provide a variety of coin options to include in your Gold IRA portfolio.
How Focus on the User Can Help You Hold Gold Kangaroos in Your IRA
Holding gold coins like the Gold Australian Kangaroo coin directly in your IRA is just one option you have in your Gold IRA. Focus on the User makes the planning process Gold IRAs clear, including all the gold coin options you have.
Wait! Don't Invest In a Gold IRA Just Yet..
Our free eBook helps you plan your Precious Metals IRA, and avoid penalties and hidden fees.