- 19 May 2022
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The Australian Spotted Eagle Ray Gold coin is a brilliant masterpiece that you may be thinking about investing in. However, before you purchase some Gold Australian Spotted Eagle Ray coins, take a few minutes to learn more about this piece of bullion to decide if it is the best investment decision for you to make.
In the next few sections, we'll share more information about the coins value, design, and other important considerations, such as whether it is eligible to be held in an IRA. Read on to find the answer to all of your questions about this coin.
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Australian Spotted Eagle Ray Gold Coin at a Glance
History of the Australian Spotted Eagle Ray Gold Coin
The Australian Spotted Eagle Ray gold coin comes to us from The Perth Mint in Australia. This mint is only responsible for making bullion coins and other collectible bullion products. The other Australian mint, The Royal Australian Mint, is in charge of making the circulating coinage of the country.
The Spotted Eagle Ray Gold coin is a newer coin that was minted in 2021. If you've seen other Australian coins, you know that many coins are made showcasing different animals of the region, such as kangaroos, koalas, kookaburras, and saltwater crocodiles. The same is true with this coin that puts a spotlight on the Spotted Eagle Ray.
Spotted Eagle Rays are found in Australia's Great Barrier Reef, as well as other tropical waters across the globe. They are a protected species, and this coin was developed to honor how special they are.
Spotted Eagle Rays are known for their ability to jump out of the water. In fact, some have even leaped out of the water and landed in a boat.
The Spotted Eagle Ray prefers to swim alone most of the time, though you may sometimes see them swimming as a group. They are easy to tell apart from other ray species, with their darker skin covered with white rings and spots. Spotted Eagle Rays also have venomous barbed stingers on their long tails.
Australian Spotted Eagle Ray Gold Coin Design
This is an attractive coin that is popular among many investors. Let's take a look at the obverse and reverse designs of the Spotted Eagle Ray gold coin.
Obverse
The obverse design of the Australian Spotted Eagle Ray Gold coin will likely look familiar if you've seen other Australian coins. It features the "fifth portrait" or Her Majesty Queen Elizabeth II by Jody Clark. In this effigy, the Queen is looking to the right with the Royal Diamond Diadem crown on her head. This is the same crown that she wore during her Coronation.
Above the Queen's head, the coin reads: Elizabeth II Australia. The rim along the bottom of the obverse lists the coin's weight (1/4-ounce), purity level (9999Au), minting year, and face value ($25 Australian Dollars).
Reverse
The reverse image on this coin depicts a detailed image of the Spotted Eagle Ray. His fins are up with the tips slightly curved down to show that he is swimming in the Australian ocean. "Australian Spotted Eagle Ray" is written along the base of the coin, along with a stamped "P" for The Perth Mint.
How Much Is an Australian Spotted Eagle Ray Gold Coin Worth?
If you're familiar with how precious metals pricing works, you probably already know that the value of a gold coin correlates with, but doesn't always exactly match, the current spot price of gold. For this reason, we can't give you a specific value for the Gold Australian Spotted Eagle Ray coin. You can check the spot price of gold to get an idea of the value of this ¼-ounce coin or contact a precious metals provider for an exact quote.
Can You Add an Australian Spotted Eagle Ray Gold Coin to a Precious Metals IRA?
Precious Metals IRAs, or Gold IRAs, are a wonderful investment opportunity for those looking to diversify their portfolio and prepare for retirement. Precious Metals IRA holders also benefit from the tax regulations for IRA holders, making them very appealing.
The IRS has created very strict rules regarding which coins and bars can be added to a Precious Metals IRA. In order for gold coins or bars to be IRA-eligible, they must be at least 99.5% pure. The Australian Spotted Eagle Ray Gold coin is 99.99% pure, meaning that it is eligible to be held in a Precious Metals account.
If you think you're ready to set up a Gold IRA, contact a precious metals provider today. Look for an established company that is highly recommended by past customers to help ensure that you'll receive the support that you deserve.
Is an Australian Spotted Eagle Ray Gold Coin a Good Investment?
The Australian Spotted Eagle Ray Gold Coin can make an excellent investment. Its ¼-ounce size makes it more affordable than many other gold coins that weight 1-ounce. It also offers a beautiful design that will bring a smile to your face every time you review your portfolio. So, what do you think? Is the Australian Spotted Eagle Ray Gold Coin right for you?
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