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.
The mint says about this coin: Australia’s most famous marsupial, the kangaroo has appeared on The Perth Mint’s signature coin series since 1990. Featuring superbly observed portrayals of the iconic animal, the Australian Kangaroo coin series has a reputation for quality, purity and design that extends around the globe.
Struck from 1oz of pure silver, this remarkable coin from our signature series combines a plump high relief design with a coloured finish. |