Millions of Silver Dollar Coins Bouncing Out of the Perth Mint

Commemorative silver dollar coins are bouncing out of the Perth Mint faster than the mint can produce them because of demand from American investors.

The Perth Mint produced five million of the silver dollar coins, emblazoned with a kangaroo on them, when it first minted them in September.

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The silver dollar kangaroo coin has drawn huge interest from US investors

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But US collectors have fallen so in love with the coin, the 117-year-old Perth Mint has been forced to more than double its original run.

Perth Mint CEO Richard Hayes told financial analyst and journalist Ross Greenwood on Radio 4BC, the mint was expecting to sell more than $12 million worth over the next 12 months.

He said two-thirds of the coins made – which sell for between $20 and $21US each – make their way into the hands of American buyers.

“The United States are big buyers of silver… partly traditional, partly cultural, but the Americans have always been big buyers of silver partly because they are concerned about governments and confiscation and things going pear-shaped,” he said.

Mr Hayes said US coin collectors preferred Australian coins because they were considered exotic, unique and different.

“And it’s not Canada, which is a plus for many American collectors and because of that anything out of Australia is popular,” he said.

It’s not just the sale of the kangaroo coin which is hopping out the mint, with US buyers snapping up coins with other Australian animals on them.

“We’ve done stockman horses, we do a range of luna coins as well… certainly the wedge-tailed eagle coins we make are very popular in the states,” he said.

“Most coin collectors are looking for something new every year. To the extent you can come up with a theme that is unique and different, appealing or something that someone hasn’t done before, and you will genuinely do pretty well with it.”

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Australian Outback 2014 1/2oz Silver Coloured 3 Coin Set

Australia-outback-2014-half-oz-silver-proof-coloured-3-coin-set-perth-mint kangaroo-Australia-outback-2014-half-oz-silver-proof-coloured-3-coin-set-perth-mint koala-Australia-outback-2014-half-oz-silver-proof-coloured-3-coin-set-perth-mint kookaburra-Australia-outback-2014-half-oz-silver-proof-coloured-3-coin-set-perth-mint

These stunning coloured coins celebrate the kangaroo, koala and kookaburra – three of Australia’s most iconic and loved bush creatures.

 99.9% PURE SILVER

Each coin is struck from 1/2oz of 99.9% pure silver.

NEW 2014 DESIGNS

The reverse of the kangaroo coin portrays a vivid image of a kangaroo amid a rural scene of everlasting wildflowers framed by hills and trees. The design includes the inscription AUSTRALIAN KANGAROO, The Perth Mint’s ‘P’ mintmark, and the 2014 year-date.

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The koala coin’s reverse depicts a close-up coloured portrait of a koala with a spray of eucalyptus leaves.  The design includes the inscription AUSTRALIAN KOALA, The Perth Mint’s ‘P’ mintmark, and the 2014 year-date.

The reverse of the kookaburra coin features a vibrant image of a young kookaburra perched on a tree branch sheltered by leaves.  The design includes the inscription AUSTRALIAN KOOKABURRA, The Perth Mint’s ‘P’ mintmark, and the 2014 year-date.

AUSTRALIAN LEGAL TENDER

Each coin is issued as legal tender under the Australian Currency Act 1965, and features the Ian Rank-Broadley effigy of Her Majesty Queen Elizabeth II and the monetary denomination on the obverse.

LIMITED ISSUE

The Perth Mint will issue no more than 4,000 of the Australian Outback 2014 1/2oz Silver Coloured Coin Collection in this packaging, from a maximum mintage of 5,000 coins.

PRESENTATION PACKAGING AND NUMBERED CERTIFICATE OF AUTHENTICITY

The collection is individually housed in a prestigious grey display case and custom designed shipper, and accompanied by a numbered Certificate of Authenticity.

The Australia Outback 2014 1/2oz Silver Coloured 3 Coin Set from The Perth Mint, featuring:

  • 99.9% Pure Silver
  • New 2014 Designs
  • Australian Legal Tender
  • Issue Limit – 4,000
  • Presentation Packaging
  • Numbered Certificate of Authenticity

TECHNICAL SPECIFICATIONS:

Silver Content (Troy oz) 0.5
Monetary Denomination (AUD) 0.5
Fineness (% purity) 99.9
Minimum Gross Weight (g) 15.591
Maximum Diameter (mm) 36.60
Maximum Thickness (mm) 2.30
Maximum Mintage 5,000
Designer Tom Vaughan, Natasha Muhl, Michael Guilfoyle

This 3 coin silver Proof set is currently available to be Purchased at the Perth Mint