- 14 May 2022
- Precious Metals
- Comments: 0
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Have you been shopping around looking for the right precious metals investment opportunity? If so, the Australian Silver Florin coin may have caught your eye.
Today, we're here to learn more about this coin, its history, value, and other key details. Take a few minutes to read through our comprehensive review below of the Australian Silver Florin to decide whether you're ready to begin investing in this piece of silver bullion.
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Australian Silver Florin at a Glance
History of the Australian Silver Florin
The history of the Florin traces back hundreds of years. Edward III, King of England between 1327 and 1377 issued the first Florin in 1344. The first Australian Florin was minted in 1910, matching the size and weight of Florins of the United Kingdom. The original Australian Florin has a value of 24 pence.
Between 1910 and 1945, Australian Florins has a .925 content of sterling silver. They weighed about 1/3-ounce. In the years between 1946 and 1963, the silver content of the coin was decreased to just 50% silver.
1963 was the last year that the Australian Florin was minted. The country was preparing for decimalization, or a transition to a decimal currency.
Recently, in 2021, The Perth Mint created a newer version of the Australian Florin. The silver version has a face value of $2 Australian Dollars and a weight of 2 troy ounces. It is made from 99.99% pure silver.
The New Australian Silver Florin
The newly minted Australian Silver Florin is a 2-ounce coin made using .9999 pure silver. This means that it has a purity level of 99.99% silver. Compared to the original Australian Florins, the silver content in the new coin is much higher. As we mentioned above, this coin was minted in 2021 by the Perth Mint in Australia.
Australian Silver Florin Design
The new Australian Silver Florin is a spectacularly-designed coin. Read on to learn more about its obverse and reverse design.
The obverse of the coin shows a portrait of Queen Elizabeth II. This portrait, by Jody Clark, is well-recognized and referred to as the "fifth portrait" of Her Majesty Queen Elizabeth II. The Queen is looking to the right of the coin, adorned in her drown and a necklace. She is centered along the bottom half of the coin.
Above the Queen's head, there is a smaller portrait of King Edward VIII, fondly known as the "soldier prince" to Australians. His portrait was added to the coin to pay homage to the courage he displayed during World War I.
A circular border surrounds the two portraits on the obverse of the Coin. It reads "Elizabeth II Australia" and lists the weight and purity level (2 oz 9999 Ag), year, and face value ($2 Australian dollars).
The coin's reverse depicts the 1908 coat of arms of Australia (the first coat of arms designed for the Commonwealth). The design features a kangaroo and an emu holding up a shield. The shield displays the Cross of St. George and displays five stars to represent the five Australian states.
"Advance Australia" is written on a banner beneath the coat of arms, and the seven-point star of Federation is shown above it. Additionally, the year 1910 is marked on the reverse to commemorate the original minting date of the first Australian Florins.
How Much Is an Australian Silver Florin Worth?
The exact value of an Australian Silver Florin can fluctuate based on the spot price of silver. For current pricing information, contact a precious metals dealer.
Adding Australian Silver Florins to a Precious Metals IRA
Silver Australian Florins are an IRA-eligible coin. That means that they meet the purity levels required by the IRS. For silver, coins must be at least 99.9% pure in order to be held in a Precious Metals IRA. As we mentioned above, the Silver Australian Florin is 99.99% pure silver.
If you aren't familiar with a Precious Metals IRA, it is a type of Self-Directed IRA that allows you to hold precious metals in your retirement account. You'll earn the tax benefits that IRA holders receive, while also being able to diversify your portfolio and protect yourself against stock market volatility.
If you are interested in opening a Precious Metals IRA with Silver Australian Florins, find a trusted and reputable precious metals dealer to help you get the account set up.
Is the Australian Silver Florin a Good Investment?
Investing some of your money in precious metals, like silver, is a good idea. It can help you diversify your portfolio, which is so important with market volatility. When some of your money is invested in gold, silver, and other precious metals, you won't be as negatively impacted by a stock market downturn and should still be able to carry forward with your retirement plans or other future goals.
The Australian Silver Florin is just one of many silver coins that you can add to your portfolio. It is a good option with its 99.99% purity level, gorgeous designs, and intriguing history. Ultimately, the decision regarding how to invest your money is completely up to you. Do you think you'll be investing in one or more Australian Silver Florins soon?
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