1 oz Australian Silver Kangaroo
The Australian Silver Kangaroo series began in 1993 and is minted by the Royal Australian Mint in Canberra, Australia. Unlike most national bullion coins that enjoy legal tender status, the design of these coins is changed each year. This fact leads some to believe that because of their limited mintage, the coins may enjoy a numismatic premium in the years to come.
The design for the 2016 Silver Kangaroo coin minted by Australia's Perth Mint was a closely guarded secret that was revealed to the public at the World Fair of Money. Unlike most coins where the obverse and reverse designs are from the same person, the Australian Silver Kangaroo bullion coin's obverse was designed by Ian RankBroadley and the reverse by Dr. Stuart Devlin.
The Kangaroo silver bullion coin is Australia's attempt to rival the American Silver Eagle’s dominance of coins minted by sovereign nations. All products from the Perth Mint are considered legal tender under Australia's Currency Act of 1965.
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More silver coin and round delivery options:
1 Oz Canadian Silver Maple Leaf | 1 Oz American Silver Eagle | 1 Oz Silver Round Buffalo | 1 Oz Great Britain Silver Britannia | 1 Oz Australian Silver Kangaroo
Specifications
Face Value: $1 (AUD)
Silver content: 1 Troy Ounce
Purity: .9999
Diameter: 40.6mm
Thickness: 2.98 mm
History and Origin
The 1 oz Australian Silver Kangaroo coin, meticulously minted by the renowned Perth Mint and the Royal Australian Mint, has a history that's as rich as the metal it's made of. The Silver Kangaroo series, introduced by the Mint in Canberra in 1993, quickly became a hallmark of quality and authenticity. This series, backed by the Australian government, has seen various designs, each telling a unique story of Australia's wildlife and culture. The coin's inception is intertwined with Australia's journey in establishing itself as a global leader in bullion coin production. Over the years, the coin has witnessed the evolution of minting techniques, design philosophies, and market dynamics. From its initial introduction to its current status as a globally recognized coin, the journey of the Australian Silver Kangaroo is a testament to Australia's commitment to excellence in minting.
Design and Features
Every year, collectors and enthusiasts eagerly await the unveiling of the new Silver Kangaroo coin design. This annual transformation ensures that each edition stands out, making it a unique piece of art. Beyond its aesthetic appeal, the coin is also a marvel of modern minting techniques. A notable feature in recent coins is the micro laser engraved letter, a cutting-edge security measure ensuring the coin's authenticity and deterring counterfeit attempts. This attention to detail, combined with the coin's ever-changing designs, showcases Australia's commitment to innovation and excellence in minting. The coin's design intricacies, from the portrayal of the kangaroo to the depiction of the Australian landscape, reflect the nation's pride and craftsmanship. Each design element, from the coin's edge to its center, tells a story, making it a masterpiece in its own right.
Value and Purity
For those new to the world of precious metals, a common question arises: Are Australian Silver coins genuine Silver? The answer is a resounding yes. The Australian Silver Kangaroo had a purity of 99.9% until 2014. From 2015 onwards, this was elevated to an astounding 99.99%. This level of purity, combined with its intricate design and limited mintage, makes it a valuable asset, not just in terms of monetary value but also as a collector's item. Its value transcends its weight in Silver, becoming a symbol of trust and authenticity in the global market. Over the years, as the demand for pure Silver coins has surged, the Australian Silver Kangaroo has solidified its position as a top choice for many.
Investment Perspective
In the ever-fluctuating world of investments, tangible assets like the 1 oz Australian Silver Kangaroo offer a sense of security. For those looking to diversify their portfolio or delve into the world of precious metals, this coin is an excellent starting point. Monster boxes, available for bulk investors, ensure the coins remain in mint condition, making them a sound investment both for the present and the future. With the backing of the Australian government and the coin's global recognition, it stands as a beacon of stability in an otherwise volatile market. As the world moves towards more tangible investment avenues, the allure of the Australian Silver Kangaroo only grows stronger. Its rising demand, combined with its historical significance, makes it a must-have for any serious investor.
The Global Impact of the Australian Silver Kangaroo
The Australian Silver Kangaroo isn't just popular in Australia; it has made waves in the global market too. Its intricate design, high Silver purity, and the trust associated with Australian mints have made it a favorite among international collectors and investors. The coin's annual design change has also piqued the interest of many, leading to anticipation and excitement with every new release.
Furthermore, the Australian Silver Kangaroo has set a standard in the world of bullion coinage. Many mints across the globe have taken inspiration from the coin's blend of beauty, purity, and security features. Its global popularity has also led to increased demand, making it not just a symbol of Australian heritage but also a testament to the country's influence in the global precious metals market.