Australian Kangaroo Silver Coins: A Comprehensive Guide (2023 Update)
Introduction
Australian Kangaroo Silver Coins, featuring captivating designs of the iconic marsupial, have become a shining symbol of Australia's rich numismatic heritage and the enduring allure of precious metals. In this article, we will take a deep dive into the fascinating world of Silver Australian Kangaroo coins, exploring their historical significance, exquisite designs, and the factors that make them a sought-after choice among collectors and investors alike.
History of Australian Kangaroo Silver Coins
The Australian Kangaroo silver coins have a rich history that dates back to 1993. These coins are produced by the Perth Mint, which is one of Australia's oldest operating mints and renowned for its high-quality bullion coins.
The Kangaroo silver coins are part of the Perth Mint's Australian Bullion Coin Program, which also includes other popular coins like the Australian Kookaburra and the Australian Koala. The program was launched to showcase Australia's unique wildlife and promote the country's precious metal industry.
The initial release of the Australian Kangaroo silver coin featured a design depicting a red kangaroo, which is one of Australia's most iconic and recognized symbols. This design was created by Dr. Stuart Devlin, a highly esteemed Australian designer, and goldsmith who also designed the Australian decimal coinage introduced in 1966.
Originating from Perth, these Western Australian silver coins have undergone several changes in their design. The reverse side of the coin has featured various portrayals of kangaroos in different poses and settings, showcasing the animal's grace and beauty. These designs often change annually, making each edition unique and sought after by collectors.
The obverse side of the coin typically features an effigy of Queen Elizabeth II, with the design changing to reflect different portraits of the Queen over the years. The coins bear a face value in Australian dollars, although their true value is based on the intrinsic silver content and market demand.
Design of Australian Silver Kangaroo Coins
The design of the Australian Kangaroo Silver Coins is one of the most unique features of these coins. The obverse side of the coin features Queen Elizabeth II, while the reverse side features a Kangaroo. The design of the silver kangaroos is updated annually, making each year's coin unique. The design of the Kangaroo is a great representation of Australian wildlife and the Perth Mint's attention to detail.
Types of Australian Kangaroo Silver Coins
Bullion Coins
Kangaroo silver bullion coins have a matte, frosted finish and are produced in bulk in comparison to other mints. Australian Kangaroo Silver Coins are made from .9999 pure silver, making them one of the purest silver coins available in the market today. They have a face value of $1 AUD and come in different sizes, including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. The coins have a diameter of 40.6 mm and a thickness of 4 mm. Unlike the Kookaburra and Koala coins, the Kangaroo coins do not have a maximum mint
Gilded Coins
The Perth Mint introduced a collection of silver Kangaroo gilded coins in 2016. These coins, which were produced using 99.99% pure silver, were designated as legal tender according to the Australian Currency Act 1965. The gilded coins were made from 1 ounce of pure silver and featured a red kangaroo on the reverse side, which was adorned with 24-carat gold gilding.
Proof Coins
Proof coins are considered the finest quality of coins produced, being struck at least twice and being hand-polished, specially treated to be showcased and preserved. Proof coins have a matte, frosted-like foreground and a shiny, mirror-like background. The frosted foreground can also be called the "device", whereas the mirror-like shiny background can be referred to as the "field".
Proof Coloured
High-Relief (Proof) Coins
Proof high-relief coins have been struck with a design that has a significant amount of depth or projection from the surface. This technique gives the coin a three-dimensional appearance and enhances the level of detail in the design. High-relief coins require more pressure and multiple strikes during the minting process to achieve the desired depth, resulting in a more pronounced and visually striking design. These coins are often highly sought after by collectors due to their intricate craftsmanship and artistic appeal.
High-Relief (Proof) Coloured
How to add Australian Kangaroo silver coins to your collection
Adding Australian Kangaroo Silver Coins to your collection is easy. You can purchase these coins from reputable dealers or online stores. You can also find them at coin shows and auctions. When purchasing coins, make sure to verify the authenticity of the coin and the reputation of the dealer.
Value of Australian Kangaroo Silver Coins
The value of Australian Kangaroo Silver Coins varies depending on several factors, including the year of production, the rarity of the coin, and the condition of the coin. The price of silver also plays a significant role in determining the value of these coins. The Perth Mint produces a limited number of these coins each year, making them a valuable addition to any collection.
Investing in Kangaroo Silver Coins
Investing in Australian Kangaroo Silver Coins is a smart move for anyone looking to diversify their investment portfolio. These coins have a high demand and are considered a safe investment due to their purity and quality. As with any investment, it's essential to do your research and consult with a financial advisor before investing.
Security Features of Silver Kangaroo Coins
Whether proof coin or normal bullion coin, the Royal Australian Mint has implemented a micro-laser engraved letter; a so-called "Mintmark". These mintmarks are located in different areas of the reverse side of the coin, typically it is however found at 3 o'clock of the coin.
Storing Australian Kangaroo Silver Coins
Proper storage and care are essential for maintaining the value and quality of your Australian Kangaroo Silver Coins. These coins should be kept in a cool, dry place away from direct sunlight and extreme temperature changes. Storing them in a coin capsule or holder can help prevent scratches and other damage.
When handling the coins, it's important to avoid touching the surface with bare hands as the oils and dirt can cause discoloration and tarnishing. It's recommended to wear gloves or use a soft cloth when handling the coins.
Conclusion
In conclusion, Australian Kangaroo Silver Coins are a valuable addition to any coin collection or investment portfolio. Their unique design, exceptional quality, and high purity make them a popular choice among collectors and investors. When purchasing these coins, it's essential to do your research, verify the authenticity of the coins, and store them properly to maintain their value and quality.
FAQs
1. Are Australian Kangaroo Silver Coins a good investment?
Yes, Australian Kangaroo Silver Coins are considered a safe investment due to their purity and quality.
2. Can I purchase Australian Kangaroo Silver Coins online?
Yes, you can purchase these coins from reputable online stores and dealers.
3. What is the purity of Australian Kangaroo Silver Coins?
Australian Kangaroo Silver Coins are made from .9999 pure silver.
4. How do I store and care for my Australian Kangaroo Silver Coins?
It's important to store these coins in a cool, dry place away from direct sunlight and to avoid touching the surface with bare hands.
5. Where can I buy authentic Australian Kangaroo Silver Coins?
You can purchase authentic Australian Kangaroo Silver Coins from reputable coin dealers, online stores, and the Perth Mint itself.