The well known "Australian Kangaroo" coin was published in silver for the first time in 2016. The Silver Kangaroo is manufactured by the prestigious Australian Perth Mint. The fine weight is 1 oz with a fineness of 999.9/1000.
Fine Weight and Fineness
Unlike most silver bullion coins in the world, the new Australian Kangaroo has a higher fineness of 999.9/1000. The advantage of selling a coin with a high purity to a refinery is that the metal can be used immediately for other purposes. Investors value high purity coins because they are easy to buy and sell almost anywhere in the world. This makes the 2016 Australian Kangaroo Silver coin a very attractive option to consider. The fine weight of 1 oz is common and is generally the standard weight for most modern silver bullion coins. The diameter is 40.6 mm and the thickness is 4 mm. The Silver Kangaroo coin has a nominal value of 1 Australian Dollar.
OuncePurityFine WeightDiameterThicknessFace Value
1 oz 999.9/1000 31.103 g 40.6 mm 4.0 mm 1 AUD
Design
The Australian Kangaroo has an edge bar and a rippled edge. Furthermore, a laser safety feature with the letter “A” for Australia can be seen with a magnifying lens on each Silver Kangaroo. On the front of the first 2016 edition the representation of a kangaroo is depicted, which was also used for the first edition of the Australian Kangaroo gold coin in 1990. The design is surrounded by a halo, which is intended to symbolise the sun.
The outer edge is decorated with wavy lines and also contains the caption. Above the motif the words "Australian Kangaroo" are imprinted and below the year of issue, fine weight, fineness and the name of the precious metal, in this case silver are shown. The back shows the profile view of Queen Elizabeth II surrounded by a band of wavy lines. The caption reads "Elizabeth II Australia 1 Dollar".
Story
With the new Australia Kangaroo 1 oz silver coins, the Perth Mint widened its portfolio of investment coins in silver. 2016 was the first year of mintage for the Kangaroo and it was issued on 21st September 2015. The new coin is based on the highly successful Australian Kangaroo gold coin, which was released for the first time in 1986 and again in 1990. The Gold Kangaroo originated from the Australian Nugget gold coin.
Perth Mint
The Perth Mint is one of the most reputable manufacturers of gold and silver coins worldwide. In addition to Kangaroo gold and silver coins, the Perth Mint also produces the multi-year Lunar gold and silver coins series and the famous Koala and Kookaburra silver coins. The Perth Mint is based in Perth, Australia and was established in 1899 as a branch of the British Royal Mint.
Value of Australian Kangaroo in Silver
The value of the Silver Kangaroo fluctuates with the current price of the raw commodity silver, which is traded on the exchanges of the world. The silver price and its movements mostly determines the total value of the coin.
In addition to the base metal price a premium is charged by the mint. The base metal price, which is also called the “spot price”, plus the premium results in the final price. The premium may vary between different precious metal dealers and banks, because each company has different cost structures.
Usually in Europe there is also VAT charged on Silver. However, as a truly European bullion company, CelticGold has a Silver branch operation in Estonia, which is the only European country that does not charge VAT on Silver. The link provides more information about about CelticGold’s Estonian Silver operation.
Gold orders are processed as usual through our main secure logistics in Frankfurt/Germany and are VAT free.
Tips
As a potential investor of Australian Kangaroo silver coins you should become familiar with current price of silver. In addition, it is advisable to study silver prices in recent years, to decide on a good entry point.
Volume discounts will be offered for higher quantities starting from one box containing 250 Silver Kangaroo 1 oz coins. As silver coins are easily scratched they should remain inside the tubes and not be removed from its package.
Details
Country of origin: Australia
Manufacturer: Perth Mint
Fineness: 999.9 / 1000
Fine weight: 31.103 g
Scratch resistance: poor
Denomination: AUD 1
Coin edge: Serrated
Motif obverse: Kangaroo
Motif reverse: Queen Elizabeth II
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