Silver Ounce 2018 Australian Kangaroo, Gilded, Coin from Australia - detailed information

The Australian one ounce silver piece (abbreviated as 1 oz and designated with Ag for "silver") is a bullion and commemorative coin format. Uniquely, in Australia there are two mints authorised to strike legal tender: the Royal Australian Mint (which also makes the country's circulating coinage) and the Perth Mint which only makes collector and bullion coins, as well as other bullion products.

The Australian Silver Kangaroo coin range was introduced in 1993 by the Royal Australian Mint; subsequently, the Perth Mint also started issuing Kangaroo bullion coins. The coins have legal tender status in Australia and are one of few legal tender bullion silver coins to change their design every year. This and their limited annual mintage may, unlike for many other bullion coins, raise their numismatic value over the value of silver used.

This coin is part of the long-running Australian Kangaroo bullion coin series by the Perth Mint, and is a "numismatic" issue with a one-year design. It is the gilded version of the silver ounce; there is another silver ounce which has high relief and smaller diameter, as well as a bullion silver ounce with a different design.

The Mint says about it:
The Perth Mint’s signature coin series is renowned as the leader of Australian precious metal minting. A favourite among many collectors, the annual Gilded Edition perfectly illustrates the series’ commitment to iconic design and scrupulous craftsmanship. Gilded in alluring 24-carat gold, the prime focus of the coin’s superb reverse is two gleaming kangaroos.

Capable of bounding at up to 70 km/h, the iconic marsupials are pictured against a stylised impression of Australia’s vast outback. Completing the picture is a representation of the sun, signifying the hot, arid conditions for which the land is justly famous.