Kookaburra 1oz Silver Coin 2016
|Mint:||The Perth Mint|
|Grading:||Mint State - Uncirculated|
|Packing:||Single in plastic capsule, 20 per roll|
|Tax:||Tax free acc. to Art. 17(3)1 Est. VAT Act|
The Kookaburra 1oz is one of the most popular silver investment coins. The latest edition shows the Kookaburra (Kingfisher) sitting on a post that is bound with barbed wire. The Kookaburra silver coins are issued by the Perth Mint in Australia.
Weight, size and fineness
With a fineness of 999/1000 the Kookaburra is not very scratch resistant. The fine weight of the coin is 31.103 g corresponding to 1oz, the nominal value is 1 AUD (since 1992). With a diameter of 40,6mm and a thickness of 4.00 mm, it is the smallest coin of the Kookaburra series, the other weights include 2oz, 10oz and 1kg.
|Fineweight oz||Fineweight Grams||Diameter||Thickness||Nominal Value|
|1oz||31,103 g||40,60 mm||4,00 mm||1 AUD|
1990 was the first issue of the Kookaburra 1oz silver coin by the Perth Mint. The Kookaburra was introduced to satisfy the rapidly growing demand for silver coins. Prior to the releaseof the Kookaburra, Australians had to buy silver coins from other mints. At the time there was not very much competition. The Silver American Eagle 1oz was released in 1986, the Maple Leaf 1oz silver coins in 1988 and the Vienna Philharmonic in Silver 2008. These were the only important competitors in 1oz which are exclusively produced with this weight. The first edition of the Kookaburra 1990 totaled 300,000 coins. In the following year this number was reached again but after 1991 annual numbers went below 100,000. It was not until 2008 and after where editions reached 300,000 pieces again. In 2011, 2012, 2013, 2014 the Kookaburra was produced in quantities above 500,000 pieces.
The Kookaburra has an edge bar and a rippled edge. The edge rod acts to protect the motive and as a result it is a bit higher than the rest of the coin. The obverse always shows the motif of Kookaburras, it is the largest kingfisher in the world and lives mainly in the east and south-east of Australia. The design shows the name of the coin "Australia Kookaburra". Below the motif is the year of the issue 2016, the fine weight "1oz" and the fineness "999" is displayed. In addition to the design you can also see the Mint Mark "P" which stands for Perth Mint.
The reverse of the coin depicts an image of "Queen Elizabeth II", the Country "Australia" and the nominal value of "$1".
The Perth Mint is one of the most important mints for bullion coins worldwide. With a large portfolio designed to satisfy the needs of different investor groups, the Perth Mint also manufactures platinum and palladium products. The Perth Mint was officially founded as a branch of the Royal Mint London in 1896. In 1970, the ownership of the mint was transferred to the government of Western Australia. In 2011, the Perth Mint produced the largest gold coin in the world. The "Australian Kangaroo" has a weight of 1 ton and is 99.99 pure gold. To date, it is owned by the Perth Mint.
Kookaburra 1oz - Benefits & Tips
Silver is valued by investors because of its high demand and unique properties, for this reason the Kookaburra 1oz 2016 is not only a beautiful silver coin, but is also suitable for people who want to preserve capital. Of course, the investor should enter at the lowest possible price, so that the investment will be successful over the long term. For the Kookaburra silver coin to retain it’s appearance it should not be taken out of the packaging. The reason is simple: Silver is a very soft material that can easily scratch. Pure silver coins have a smooth surface and should be handled with care.
- Country of origin: Australia
- Manufacturer: Perth Mint
- Fineness: 999/1000
- Fine weight: 1oz
- Scratch resistance: poor
- Denomination: AUD 1 (since 1992)