This video series presents a new silver bullion coin, round or bar each week with its history, facts and my opinions.
I realized that I was buying silver and really didn't know that much about it. The information is there on the bullion dealers page and all over the internet but you have to stop and read it! I rarely took the time to read the history and background on all this silver bullion I already own. When I did take the time, I was amazed at some of the stories that are attached to these coins, rounds and bars. So much history and culture is depicted in all the bullion we stack.
So, I thought I would put together this video series to present these interesting stories and facts about the bullion in our stacks or want stack in the future. I hope you enjoy!
If you like this video, stop by my SilverTorch66 Channel at https://www.youtube.com/channel/UC4lo... and check out my other content.
This design continues the tradition of the Perth Mint Koala silver coin. This perennial favorite is one of the most popular designs by the Perth Mint and features one of Australia's most lovable creatures in various poses and aspects of its habitat.
The Australian Silver Koala series was introduced in 2007
Australian Silver Koala coins are produced on an annual basis with a limited mintage for 1 oz coins
just 300,000 of these 2016 1 oz Australian Silver Koalas will be produced for global distribution
it is the world’s first legal tender silver bullion coin to have continuous unlimited mintage coupled with a varying design of its main motif.
contains 1 troy oz of .999 pure silver
Issued face value of $1 (AUD) and backed by the Australian government
• The reverse of this issue is an image of an adult koala walking on a branch of a eucalyptus tree. It's stance tells us that it is in no hurry to get where it is going. The details of both the tree limb and the Koala's fur, along with the attention to detail of this design make it the perfect addition to any collection. The words "Australian Koala 2016 1 oz 999 Silver" and the Perth Mint mark "P" complete the design.
• The obverse bears Ian Rank-Broadley’s effigy of Queen Elizabeth II. Featured in right-profile relief, she is surrounded by engravings that read “Queen Elizabeth II,” “Australia,” and “1 Dollar.”
• The koala is a marsupial native to the eastern and southern parts of Australia. Although not in any way related to bears, the word bear is added to their name as they have a distinct look of a small teddy bear. The name “koala” derives from an indigenous Australian language which means “animal that does not drink”. In fact, koalas will rarely drink water as they receive most of their needed water from their main source of food: eucalyptus leaves. They grow to be between 60 and 90 cm high and are characterized by their black short nose and large fluffy ears. What is fascinating about the koala is its ability to base its diet on leaves from the eucalyptus tree which in general are highly toxic to most mammals and contain low levels of beneficial nutrients. To cope with this peculiar low energy diet, the koala will limit its energy use by sleeping between 17-20 hours per day. They have few natural predators, parasites, or rivals for food sources.
The Australian Koala silver coin is today minted by the Perth Mint, a world distinguished mint and precious metals refiner that is located in the City of Perth, in Western Australia. The Perth Mint was founded in 1896 by Britain’s Royal Mint in response to the newly discovered gold deposits in Western Australia. Perth Mint’s task was to refine gold ore from the mines and to strike sovereign gold coins from the refined bullion. Between 1899 and 1931 the Pert Mint produced a considerable amount of gold sovereigns which were disturbed in Australia and throughout the British Empire to be used as circulating currency. British control over Perth Mint was relinquished in 1971 to the Government of Western Australia which then assumed ownership of the mint. Today, the Perth Mint is hailed for the exceptional quality of its world class investment bullion coins like the Australian Gold Kangaroo, Kookaburra silver coins, and the Lunar Series. The Perth Mint has been a member of the London Gold Market (predecessor of the LBMA) since 1934.
• The Koala series is amazing. There is incredible detail and craftsmanship that has gone into this design. The Perth Mint can always be counted on to produce a quality product.
• The collectability and appreciation are what drives this bullion into stackers collections. The decision to use the Koala as the theme for this coin was brilliant, who doesn’t like a Koala? When you think of Australia…..One of its unquestionable iconic images is of the Koala.
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2016 Australian Koala Silver Coin | |
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| People & Blogs | Upload TimePublished on 29 May 2016 |
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