A silver bullion coin in limited mintage with a yearly changing design
Enjoy the surprise to receive a silver coin with a different design. The Australian Silver Kangaroo is a great coin to acquire because of its limited issue. (less than 80 000 per year). Relatively low compared to its gold version.
This product is a selection of various years, depending on our current stock availability.
Contains 1 ounce (31.1035 grams) of .9999 fine silver from Australian mines
More flexible compared to silver bar (Invest in silver in fractional amounts rather than a large silver bar)
Weight, purity and content backed by the Australian Government
Limited mintage (between 20,000 and 73,000 coins minted / year)
Changing design each years, great product for silver coin collectors
In 2015, the Perth Mint released a limited edition of this coin, with a maximum mintage figure of 300,000. Since, The Perth Mint produces this coin in unlimited quantity.
The 1 oz silver kangaroo coin is extremely popular in the bullion market. It is a really easy coin to trade worldwide.
The Perth Mint added a micro-engraved mark (letter ‘A’ included within the ‘A’ of the word ‘Australian’). This feature helps ensures the coin’s authenticity and enables detection against counterfeit. The small letter shows up under magnification (see left picture). This authenticity mark should not be confound with the mintmark “P” (for Perth Mint, see right picture).
The one ounce Australian kangaroo is among the largest silver bullion coin in the market. Its large size (40.00mm of diameter, similar to the Silver Eagle) and reeded edge gives it a flat design.
Design and History of the 1oz Silver Kangaroo
The obverse display the portrait of Queen Elizabeth II. This design was realised by Raphael Maklouf. The Face Value “1 DOLLARS ” (Australian Dollars) is indicated underneath.
The reverse features different pictures of a red kangaroo. For some coins, the australian animal is surrounded by stylised rays of sunlight. The design includes the inscription ” AUSTRALIAN KANGAROO ” and the Perth Mint’s ‘P’ mintmark. Next to the year-date is mentioned the coin’s weight and fineness. Depending on the reverse design, it can be the realisation of Horst Hahne or Stuart Devlin.
The Silver Kangaroo series was first introduced in 1993 by the Perth Mint (owned and run by the Commonwealth Government of Australia).
The Silver Kangaroo encountered a worldwide success at its release in 1993. At the present time, it is a really popular silver bullion coin.
Why buy 1 ounce silver coins ?
Buying silver coins or bars is generally a matter of preferences. However, it also depends on your investment g motives. There are several benefits to buy silver bullion coins.
Silver bullion coins are cheaper to buy compared to bars. Therefore, they are more affordable for low-budget investors.
Silver coins are also great way to divide your precious metals holdings in smaller units. You will have more flexibility on resale. To illustrate, you can sell part of your holdings easily with silver coins. In the contrary, relying on a large silver bar makes your investment more rigid.
Most of the Sovereign Mints produce silver bullion coins in large quantity. Silver bullion coins like the Kookaburra are quite popular in the market and highly liquid. In summary, silver coins are easier to trade than bars.
This is because of the large quantity of silver coins produced nowadays.
Silver coins are easier to trade than bars. They are highly liquid in the market.
Finally, some silver coins have additional tax additional benefits. To illustrate, silver Britannia are an ideal choice for british investors (exempt of Capital Gain Tax, CGT). Similarly, Silver Eagle can be used in IRA plans for US citizens.