Australian Gold Nugget Australian Gold Nugget The Australian Gold Nugget is a gold bullion coin minted by the Perth Mint. The coins have been minted in denominations of oz, oz, oz, oz, 1 oz, 2 oz, 10 oz, and 1 kg of 24 carat gold. They have legal tender status in Australia and are one of few legal tender bullion gold coins to change their design every year, another being the Chinese Gold Panda. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of gold used. The Gold Nugget series was introduced
Carat (mass) suggested, and was finally proposed by the International Committee of Weights and Measures, and accepted at the fourth sexennial General Conference of the Metric Convention held in Paris in October 1907. It was soon made compulsory by law in France, but uptake of the new carat was slower in England, where its use was allowed by the Weights and Measures (Metric System) Act of 1897. In the United Kingdom the original Board of Trade carat was exactly grains (~3.170 grains = ~205 mg); in 1888, the Board of Trade carat was changed to exactly grains (~3.168 grains = ~205 mg).