1oz SILVER COIN 2024 KOALA - PERTH MINT
Depicting one of Australia’s most beloved animals, the Australian koala silver coins pay tribute to our rich wildlife. Struck from 99.99% pure silver, the 2024 koala is available in 1 kilo and 1oz sizes. Only 300,000 1oz coins will be released. No mintage limit applies to the 1 kilo coin. However, production will close at the end of 2024 and The Perth Mint will declare the coin’s official mintage. Each coin in this program is issued as legal tender under the Australian Currency Act 1965.
Each coin portrays a koala on a gum tree branch. Both coins’ designs incorporate the inscription ‘KOALA’, The Perth Mint’s ‘P125’ mintmark, and the coin’s weight, purity and year-date. The coin’s obverse bears the Dan Thorne effigy of His Majesty King Charles III, and the monetary denomination.
The Perth Mint is Australia’s leading precious metal refiner accredited by the LBMA. Backed by the Western Australian Government, The Perth Mint has produced the official bullion coin program since 1987. The Perth Mint also produces a large range of high quality gold and silver bars. All Perth Mint gold products are LBMA accredited and refined to 99.99% purity (= 24 carat) and all silver products are refined to 99.9% purity. Ainslie Bullion is a Primary Bullion Distributor for Perth Mint.
Coins are a popular choice of bullion given their legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage. Refer to the ATO or your advisor for more information. Coins can make for the perfect gift as you can match the year or Lunar Year to the recipient to celebrate an event.