*No Choice of years*
1oz Silver Coin Kangaroo (various yrs) - Perth Mint - Note these are buybacks of years previous to the current and may not be pristine.
Struck by The Perth Mint from 1oz of 99.99% pure silver, the coin is issued as legal tender under the Australian Currency Act 1965 with an unlimited mintage. The reverse of the silver kangaroo coin depicts the classic artistry of a bounding red kangaroo surrounded by rays of sunlight. The inscription ‘AUSTRALIAN KANGAROO’, The Perth Mint’s ‘P’ mintmark, the year-date, and the weight and purity are also included in the design.The coin’s obverse bears Jody Clark effigy of Her Majesty Queen Elizabeth II and the monetary denomination.
As a Perth Mint first, the coin includes an authentication feature on the reverse. In the form of a micro-laser engraved letter ‘A’ which is within one of the letters forming AUSTRALIAN KANGAROO, it is only detectable under a magnifying glass. The authentication feature is designed to make it significantly more difficult for the coin to be counterfeited providing peace of mind to customers.
Unlike most Perth Mint coins these are not individually encased, rather come in protective acrylic tubes of 25 coins. There are then 10 tubes to a ‘mini’ monster box of 250. There is unlimited mintage.
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.