Silver Ounce 2020 Diwali Medallion, Coin from Australia - detailed information

Silver Ounce 2020 Diwali Medallion, Coin from Australia
CoinSilver Ounce 2020 Diwali Medallion

Australia has two mints, the Royal Australian Mint (which also makes the country's circulating coinage) and the Perth Mint, which are both very active in the bullion coinage space; coins issued by them are legal tender.

Additionally, there are private issuers of bullion which is not legal tender and is targeted at investors and not at coin collectors - such as this one.

The Mint says about this Diwali 1oz Silver Gilded Medallion:
This pure silver medallion featuring meticulously applied gilding is a superb gift idea for anyone celebrating the Hindu festival of Diwali

Symbolising the victory of light over darkness, Diwali is one of the world’s great festive occasions. Observed by millions of people around the globe, it is celebrated with lights in the form of candles and lamps, and the exchange of many gifts. In 2020, Diwali falls on 14 November

MintPerth Mint Mint MarkLetter P Total Mintageunknown
Obverse
Australia / Silver Ounce 2020 Diwali Medallion - obverse photo

The medallion’s obverse features an oil lamp and a pattern inspired by rangoli, an intricate and colourful Indian art form particularly popular during Diwali.

There is no inscription.

Obverse Inscription (none)
Reverse
Australia / Silver Ounce 2020 Diwali Medallion - reverse photo

The medallion’s reverse portrays a gilded in 24-carat image of Lakshmi, the Indian goddess of wealth and prosperity. Coins fall from the palm of the divine figure’s hand as she sits atop a lotus flower, a symbol of beauty and fertility.

On the left and right, the inscription reads happy diwali. Around below, the precious metal content 1oz 9999 SILVER (one troy ounce of 99.99% silver).

The design also includes the Perth Mint’s P mint mark on the right. At the base of the lotus, the designer's initials MR (for Monique Reeves).

Reverse Inscription happy diwali 1oz 9999 SILVER
EdgeMilledEdge InscriptionNone
Notes

Issued: 2020
Silver Content (Troy oz): 1.000
Packaging: the medallion is housed in a contemporary latex case which comes in a beautifully illustrated shipper, accompanied by a Certificate of Authenticity,
Perth Mint Item ID: 20I62AAA
Issue price: AU$ 105.00, US$ 75.19

All (4) coins of type: Silver Ounce (Private Bullion)
Coin NameMintageLegend
Silver Ounce 2019 Diwali Medallion unknown (none)
Silver Ounce 2020 ABC Bullion - Year of the Rat unknown ABC ABC BULLION · 1oz 999.5 SILVER ·
Silver Ounce 2020 Diwali Medallion unknown (none)
Silver Ounce 2021 ABC Bullion - Year of the Ox unknown ABC ABC BULLION · 1oz 999.5 SILVER ·
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Silver Ounce 2020 Diwali Medallion: Details
CountryAustralia
Coin TypeSilver Ounce (Private Bullion)
Issued2020
Mintageunknown
Material0.9999 Silver
DesignerMonique Reeves
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size40.900 mm
Thickness3.500 mm
Mass31.107 g
OCC IDGAVP-OXAC-MAMY-EMDY
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Silver Ounce 2020 Diwali Medallion: Photos
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Coin, Australia, Silver Ounce 2020 Diwali Medallion
Copyright: Perth Mint
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Coin, Australia, Silver Ounce 2020 Diwali Medallion
Copyright: Perth Mint
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Coin, Australia, Silver Ounce 2020 Diwali Medallion
Copyright: Perth Mint
Source
Coin, Australia, Silver Ounce 2020 Diwali Medallion
Copyright: Perth Mint
Source