- 14 May 2022
- Precious Metals
- Comments: 0
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Whether you're an avid coin collector or just love the natural beauty of Australia and its animal population, you may be thinking about purchasing the Australian Wildlife Silver Coin. Featuring images of a kangaroo, kookaburra, and koala, this coin is certainly a unique and attractive piece.
We'd like to share a little more about the value and history of this coin to help you decide whether you are ready to add it to your portfolio. Continue reading, we think you'll find our review quite informative.
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Australian Wildlife Silver Coin at a Glance
History of the Australian Wildlife Silver Coin
The Perth Mint in Australia has been producing coins featuring the island's most famous animals for several decades now. Over the years, some of the many animals to be featured on Australian currency have included kangaroos, koalas, kookaburras, emus, wombats, saltwater crocodiles, and more.
The release of the Australian Wildlife Silver coin offers individuals a unique opportunity. Rather than purchasing three separate coins, you can own one coin depicting an Australian koala, an Australian kangaroo, and an Australian kookaburra.
You probably already know that these three animals are popular native residents of Australia. Purchasing a coin showing all three of them is a wonderful opportunity for investors and animal lovers alike.
Australian Wildlife Silver Coin Design
We touched briefly on the design of the Australian Wildlife Silver coin above, but let's take a more detailed look at the obverse and reverse design of this coin.
As with many other Australian coins, the obverse of the coin features the "fifth portrait" of Her Majesty Queen Elizabeth II. This easily-recognized portrait by Jody Clark, is placed atop a horizontal lined pattern going across the coin. A circular border surrounds the portrait, with "Elizabeth II Australia" across the top and the face value of the coin (2 dollars-AUD) along the bottom.
The reverse of the coin features three different sections, each depicting a different iconic Australian wild animal. A large kookaburra sits on a tree branch on the left side of the coin, a hopping kangaroo is shown in the top right section, and a close up of a koala's face is depicted in the bottom right corner of the coin. In addition to these images, the reverse of the coin says "Australian Wildlife" across the top, displays the year of minting, and has a stamped "P" for the Perth Mint.
What is the Value of an Australian Wildlife Silver Coin?
The value of an Australian Wildlife Silver coin can fluctuate. While the coin's face value of $2 Australian Dollars is fixed, the actual value of a 99.99% pure silver coin like this will be much greater.
The value of silver coins rises and falls based on the spot price of silver. As a 2-ounce coin, you can expect this coin to be worth approximately twice the spot price of silver, though it may be a bit higher or lower depending on when and where you are shopping.
If you would like to find out the most current value of the Australian Wildlife Silver coin, your best resource would be to reach out to a precious metals dealer. Before selecting a precious metals dealer to work with, be sure to research the company, check their ratings with organizations such as the Better Business Bureau and Business Consumer Alliance, and see what past customers had to say in their online reviews.
Adding Australian Wildlife Silver Coin to a Precious Metals IRA
The Australian Wildlife Silver Coin is .9999 pure silver. This high purity level means that it can be added to a Precious Metals IRA. According to the IRS, silver coins and bars must be at least 99.9% pure, so the 99.99% purity level of this coin actually exceeds these regulations.
If you're not familiar with a Precious Metals IRA, they are a special type of Self-Directed IRA. Rather than investing all of your money for retirement in the stock market, you can diversify your investments and hold physical precious metals coins and bars instead. Precious Metals IRA holders also receive the tax benefits offered to other retirement account holders, making them an even better opportunity to consider.
Do you think opening a Precious Metals IRA is the right choice for you? If so, be sure to learn more about the best precious metals providers, and then choose the right one that you'd like to work with. They'll be able to help you open up your account and add the Australian Wildlife Silver Coin to it.
Investing in Australian Wildlife Silver Coin
So, what do you think? Are you ready to purchase some Australian Wildlife Silver Coins, either as a personal investment or for your precious metals IRA? This coin offers a gorgeous design with three iconic Australian animals, making it a good choice for investors, collectors, and animal loves alike.
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