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New kangaroo theme for nugget gold coins



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PRESS [[RE LEAS Ej] NO. 63

TREASURER

EMBARGO

STATEMENT BY THE TREASURER, THE HON P.J. KEATING, MP

NEW KANGAROO THEME FOR NUGGET GOLD COINS

A new design theme featuring kangaroos has been approved by the Commonwealth Treasurer for the limited mintage proof issues of the Australian Nugget legal tender gold coins.

It will replace the Nugget theme which has depicted twelve famous Australian gold nugget discoveries in the Proof issues of the past three years.

This was officially confirmed in Canberra today by the Treasurer Mr Keating.

Assent by the Treasurer clears the way for the new series of proof coins to be launched in August, retaining the name Nugget, but featuring Kangaroos.

Mr Keating said that the theme change had been requested by Gold Corporation which has developed Australia's precious metals coin program under agreement with the Commonwealth.

Goldcorp believes a new theme featuring a symbol as internationally popular and recognisable as the kangaroo is appropriate to ensure the rarity, collectibility and appeal of the Proof Nugget series.

The three previous proof issues depicting twelve different discoveries will become a type set as a result of the change.

CANBERRA 29 June 1989