|Coin||Silver 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
||Mint Mark||Letter P
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.
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).
||happy diwali 1oz 9999 SILVER
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
Coins and medals issued by the Perth Mint to celebrate Diwali include:
- 1 g Gold, Happy Diwali, Tuvalu 2018
- 1 oz Silver Coloured, Happy Diwali, Tuvalu 2017
- 1 oz Silver Coloured, Happy Diwali, Tuvalu 2018
- 1 oz Silver Coloured Diwali Medallion, 2019
- 1 oz Silver Coloured Diwali Medallion, 2020
- 1 oz Silver Coloured Diwali Medallion, 2021
- 1 oz Silver Gilded Diwali Medallion, 2022
- $1 Coloured, Happy Diwali, Tuvalu 2017
- $1 Coloured, Happy Diwali, Tuvalu 2018