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1 OZ AUSTRALIAN SILVER KANGAROO COIN

1 OZ AUSTRALIAN SILVER KANGAROO COIN

This coin is one of the masterpieces that come from the forges of the Royal Australian Mint, Canberra. The reed-edged coin is one of the most sought coins in the precious metals market today and rightly so. This high market value is due to a number of reasons, the first being the coin is only minted in a limited quantity annually. Secondly, the design on coin is always different from that of the previous year, making it one of the few coins that have new designs every single year. In addition to these, the coin is not just for numismatic purposes as it is accepted as a legal tender in Australia for any transaction. Since 1993 when it was first minted, the coin has consistently been of very high quality with nothing less than 99.9% of pure silver in composition. From the name of the coin, one can already guess that the coin has a weight of 1 troy ounce which stands as its only denomination, and this denomination has a face value of $1 (AUS). The coin exists in two main versions and they are the proof version and the frosted uncirculated version

The design of the Australian Silver Kangaroo Coin is remarkably attractive. The obverse of coin always bears an engraving of Queen Elizabeth II, as designed by Raphael Maklouf. The portrait was created by Ian Rank-Broadly. The reverse usually has different images of the Australian kangaroo for every mintage year. Australia is popular for being the only place on earth where kangaroos are found, so it is not surprising the coin is named the Australian Silver Kangaroo. However, that is where the difference ends. All the coins in the series have an inscription reading “AUSTRALIAN KANGAROO” on top of the kangaroo image, while the mintage year, denomination and purity level all fall beneath the image of the kangaroo.

These factors make the Australian Silver Kangaroo coin the remarkable and popular coin that it is today, making it a nice bargain on the precious metals market and a worthy catch for numismatics.

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