Lunar II Rooster 1 Kilo Silver Coin 2017
|Purity:||999 / 1000|
|Mint:||The Perth Mint|
|Grading:||Mint State - Uncirculated|
|Packing:||Single in plastic capsule|
|Tax:||Taxfree accord. to article 17(1)3 Est. VAT Act|
The 1 kilo 2017 Lunar II Rooster is the largest coin in the series. The 1 kilo Rooster contains 32.15 ounces of Silver and this is the first year the Lunar II Rooster is being minted in 99.9% fine Silver. As a result, the coin is one of the purest bullion products in the world.
The 1 kilo Rooster is ideal for those investors or collectors who are looking for a higher weight Silver coin. The Perth Mint is one of the few mints that produce a wide range of larger Silver coins.
Weight, Size and Fineness
Some investors prefer higher weight coins over bars because the detailed and unique designs that coins offer. Higher weight coins appeal to collectors as well. The Lunar II is also available in 10oz, 5oz, 2oz, 1oz and 1/2oz.
|1 kg (32.15oz)||100.6 mm||14.6 mm||30 AUD|
One of the unique aspects of the Lunar II series is that the design on the front of the coin changes every year. The Lunar II series honor the 12 year Chinese Zodiac cycle. Each year a new animal is featured that is based on the Chinese Lunar calendar. The series began in 2008 and concludes in 2019.
2017 is the “Year of the Rooster”. The front of the coin depicts a rooster, hen and three chicks. Engraved on the front side are the mint mark “P”, which stands for the Perth Mint; the Chinese character for “Rooster” and the words ”Year of the Rooster”.
The reverse side of the coin depicts the iconic profile of Queen Elizabeth II. The image of her majesty is a popular feature of all commonwealth Gold and Silver coins. The image was created by artist Ian Rank-Broadley.
Engraved on the top edge of the coin are the words “Elizabeth II” and “Australia”. On the bottom edge the weight and fineness of “1KG 9999 Ag”; the year “2017” and nominal Value “30 Dollars” are embossed.
Buying Silver Coins
The two factors that mostly contribute to the price of Silver are first, the price of the metal Silver which trades on the different exchanges around the world. The Silver price can experience volatile price movements depending on demand and availability.
The second factor is the premium. When buying Silver coins and bars a premium is added to the Silver price and covers the production costs and margin of the mint and precious metals dealer.
Generally speaking, coins will carry a higher premium than bars, because coins are more expensive to mint. Typically, the smaller the coin, the higher the premium will be. Those investors who are purchasing a large amount of Silver will often choose bars because of the lower cost.
Premiums can vary significantly so it is always a good idea to compare prices. However, be sure to buy from a precious metals dealer who has a proven track record and a good reputation in the industry.
When choosing between coins and bars it’s all a matter of personal preference. Both are a good investment. Many Silver investors opt for a mix of both bars and coins. Depending on supply and demand sometimes the sell back price for coins can be higher than bars.
In Europe VAT will be charged on silver making bars higher in cost than coins which can be bought VAT free in CelticGold’s Estonian branch.
It all depends on what the demand is for the particular coin at the time you decide to sell. Name brand Silver coins and bars that are sold by CelticGold are easy to buy and and sell anywhere in the world.
- Name: Lunar II Rooster
- Year of Issue: 2017
- Country of origin: Australia
- Manufacturer: Perth Mint
- Fineness: 999/1000
- Weight: 1 kg
- Scratch resistance: poor
- Denomination: 30 AUD