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The Perth Mint's current platinum bullion coin, introduced in 2018 with a fixed kangaroo design (unlike the annually changing Gold Kangaroo). Legal tender at $100 AUD, 1 oz of .9995 fine platinum, and one of the lowest-premium sovereign platinum coins on the market. It replaced the Platinum Koala as the Mint's platinum offering.
Australian Platinum Kangaroo melt value tracks platinum spot price directly — this chart is the same live platinum price used to calculate the melt value above, so you can see the trend behind today's number.
What is actually struck on each face, and who designed it.
Effigy of the monarch — Jody Clark's portrait of Queen Elizabeth II through 2023, Dan Thorne's King Charles III from 2024 — with "AUSTRALIA", "100 DOLLARS" and the date.
A red kangaroo bounding across the outback with stylised sun rays behind it, the Perth Mint's standard bullion kangaroo design, with "AUSTRALIAN KANGAROO", the weight and "9995 PLATINUM".
The Perth Mint struck platinum bullion from 1988 to 2000 as the Platinum Koala, then left the market for almost two decades. The Platinum Kangaroo, launched in 2018, restarted platinum production with the Mint's most recognisable bullion motif and a design that stays the same year to year — a deliberate choice to keep the coin a pure bullion product rather than a collectible.
The Gold Kangaroo and Silver Kangaroo carry new artwork each year; the platinum coin does not. A fixed design means every year is fungible with every other, which keeps premiums low and lets dealers sell 'random year' coins at the same price — exactly what an investor buying platinum by the ounce wants.
1 troy ounce of .9995 fine platinum, 32.60 mm diameter, 2.45 mm thick, $100 AUD face value, brilliant uncirculated finish, shipped in Perth Mint capsules or tubes of 10. A 1/10 oz size was added for smaller purchases.
About the Australian Platinum Kangaroo
At the current platinum spot price of $1,771.80/oz, the melt value of a Australian Platinum Kangaroo (1 troy oz, .9995 fine platinum) is approximately $1,771.80. This updates continuously with the spot price above — sellers on the marketplace typically price above melt value, since the premium covers minting, distribution, and dealer margin.
Melt value is the raw metal content only — what you'd get scrapping the coin. The premium above it pays for minting, distribution, and dealer margin, and on this marketplace specifically, it's set by each individual seller rather than one company's price list, so it's worth comparing a few listings rather than buying the first one you see.
Like any commodity, platinum trades on global supply and demand — mine output and recycling on the supply side, industrial use, jewelry, and investment buying on the demand side. Short-term moves are usually driven by macro factors: interest rates, currency strength, and how much uncertainty investors are pricing into markets generally.
Government-minted bullion coins like this one are legal tender, widely recognized, and easy to resell — that recognition is usually worth the modest premium over generic rounds or bars of the same weight. For buyers who want to add to a physical position gradually, one-ounce coins are also just a convenient, liquid unit size.
This page shows melt value — spot price times pure metal content, recalculated on every page load. Individual seller listings add their own premium on top, and that premium (not the melt value) is what actually varies between sellers, so it's normal for listing prices below to sit above the number at the top of this page.
Melt value at the same live platinum spot price of $1,771.80/oz.
