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.
The mint says about it: The Red Kangaroo, the world's largest marsupial, is renowned for its remarkable agility, capable of speeds of almost 50kph. This unique bullion coin series pays tribute to the country's definitive animal emblem that traces its roots back to the Guugu Yimithirr word "gangurru". From the arid interiors to the lush bushland parks on the outskirts of cities, kangaroos inhabit every corner of this wide, brown land. Embrace this emblem of Australia and join in celebrating one of Australia's most famous marsupials. |