Kangaroo 1 oz or Kangaroo 1/2 oz: which is the better buy today?
Kangaroo 1 oz holds 31.10 g of fine gold and Kangaroo 1/2 oz 15.55 g — close enough to be the same purchase in metal, and far enough apart in everything else not to be the same coin to own.
| coin | Kangaroo 1 oz | Kangaroo 1/2 oz |
|---|---|---|
| fine gold | 31.10 g | 15.55 g |
| gross weight | 31.10 g | 15.55 g |
| purity | 999.9 ‰ · 24 kt | 999.9 ‰ · 24 kt |
| diameter | 32.1 mm | 25.6 mm |
| thickness | 2.60 mm | 2.40 mm |
| face value | 100 dollars | 50 dollars |
| struck | Australia · since 1986 | Australia · since 1986 |
The prices come from the feed, and the feed has not answered yet.
Kangaroo 1 oz — Perth’s one-ounce coin, struck in pure gold since 1986 and redesigned every year — the reverse is a different kangaroo each time.
Kangaroo 1/2 oz — Half an ounce of pure gold at 25.6 mm with a fifty-dollar face value, and the same yearly change of kangaroo as the ounce.
Both are struck in 999.9 ‰ · 24 kt: the same alloy, the same feel in the hand, and any difference on the scale is a difference in gold.
Both are modern bullion coins, struck for investors — Kangaroo 1 oz since 1986, Kangaroo 1/2 oz since 1986 — and priced on their metal and the margins above it.
So the comparison is the premium. Whichever of the two a dealer asks less for above its metal is the cheaper gold that day — and that changes shop by shop and day by day, which is what the numbers above are for.