2013 Australian Koala 5 Oz Silver Proof Coin in High Relief

by CoinNews.net on March 1, 2013 · 15 comments

The Perth Mint of Australia treads into new territory with the release of its 2013 Australian Koala 5 oz. High Relief Silver Proof Coin.

2013 Australian Koala 5 oz. High Relief Silver Proof Coin

2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Never before has the Perth Mint released a five ounce koala coin in high relief. Its unique size, limited mintage of 5,000 and collector’s perennial interest in the koala series combine for an attractive offering that could result in a sellout.

Both the obverse and reverse of the silver proof coin are minted on concave surfaces. This ensures an optimum flow of metal when struck by the die, resulting in a superb level of detail in each design.

Shown on the high relief reverse is the Perth Mint’s annual design for 2013 Koala silver coins. It was completed by Perth Mint artist Tom Vaughan and showcases an adult koala resting in the fork of a eucalyptus tree. Reverse inscriptions include AUSTRALIAN KOALA and 2013 5 OZ 999 SILVER. The Perth Mint’s ‘P’ mint mark is also on the reverse.

Case for the 2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Case for the 2013 Australian Koala 5 oz. High Relief Silver Proof Coin

Offered on the obverse is a portrait of Queen Elizabeth II by Ian Rank-Broadley. Obverse inscriptions include ELIZABETH II, AUSTRALIA and 8 DOLLARS. The artist’s initials of IRB are below the effigy.

Each proof coin is struck from five ounces of 99.9% pure silver. Maximum thickness of the high relief piece is 12.50 mm with a maximum diameter of 50.60 mm. The minimum gross weight of the release is 155.673 grams.

2013 Australian Koala Silver Proof Coins are housed in a presentation case that ships inside an illustrated shipper. A numbered certificate of authenticity is also included.

Direct orders are limited to Australia. Pricing for the 5 oz. silver proof coin is AUS $510.00, though that can change based on the market value of precious metals.

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The Perth Mint Australia

About the Perth Mint

The Royal Mint of England originally opened the Perth Mint of Australia (http://www.perthmint.com.au/) in 1899 as a branch of the London facility. It continued in operation as a branch of the Royal Mint until ownership transferred to the State Government of Western Australia in 1970.

Today, the Perth Mint is the official issuer of the Australian Federal Government’s Gold and Silver Bullion Coin Program. In addition, it produces some of the world’s most unusual collectible coins.

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Victor
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Victor

Yeah! In a pig’s eye!

Terry Power
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Terry Power

$500? Seriously? And not available in the US anyways? Come on…..

Victor
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Victor

I do believe the Aussies believe, after selling some dumb 1oz silver coin depicting some Chinese superstition for more than $125.00, they figure they can sell this for $500.00. Like I said, when pigs fly, I’ll think about buying on.

thePhelps
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thePhelps

Seems like the mints and the price of silver are going in opposite directions. The price of silver going down – the price of bullion going up. $60+ over bullion cost is not a collectible for me.

Lorayne
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Lorayne

FirstFederalCoin says that 300 are staying in Australia and that they have the other 4700 graded with approx. 45% of the 4700 grading PF70. Asked for confirmation from Perth….PF69 for $799? and PF70 for $1129?

Lorayne
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Lorayne

correction PF70 – $1150

Paul
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Paul

Lorayne What you said is interesting as the New York mint says that they have the other 4700 I wonder who is telling the truth or is it that they are all in this together to over price a 5 oz coin the price at New York mint is the same as you said first fed coin was selling them for makes ya wonder doesn’t it

Douglas
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Douglas

Paul, First Federal Coin and New York Mint are the same company. They have a huge catalog of high-end US and world coins they market via glossy printed catalog, Internet, and phone. I purchased a coin from them and was assigned an “account representative” who calls me every few weeks to offer me coins for which they have often gotten exclusive US distribution rights. I’ve found, though, that for coins for which their distribution rights are not exclusive, I can often find them on eBay for a 10%-20% lower price than they charge. In terms of price, it’s important to remember that a variety of things contribute to the original pricing from the mint and additional things to the pricing by the retailer. This starts with the value of the metal, the weight of the coin, the quality of the minting – especially when it’s assessed and certified by one… Read more »

Marie
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Marie

Reading your discussion, I am wondering was I over charged…? I purchased the 2013P Australia $8 Koala – High Release PF 70 Ultra Cameo One of the First 1000 struck. Although, it was graded by the NGC, placed in an expensive looking case, I am now wondering have I been taken.
My cost is as follows:
Product Cost: $1,250.00
Shipping and Insurance: $29.95
Total Shipment: $1,279.95
I will apprciate any comments or suggestion you have in while the difference in cost…I do have a Representative who supposed to let me know the latest and best rear coins buy.
Thank You!
Marie

Douglas
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Douglas

Marie, You don’t say what company sold you the Koala, but I assume it is NY Mint/First Federal Coin. Their mailings come from Burnsville, MN. Since they have exclusive rights to all of that type of coin to be sold in the US, they’re obviously looking to capitalize on that fact in terms of the price they ask. However, if one compares the markup on this coin with coins of lesser value, it can be seen to be comparable for graded coins. You don’t say when you purchased the coin, but let’s say you bought it on June 1, 2013, when $510 Australian equaled approximately $490 American. Therefore, the markup from your coin worth $490 was $660, or about 135%. Several things contributed to the initial price over the value of the silver: Perth Mint is one of the most prestigious mints in the world; 5 oz of almost pure… Read more »

Marie
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Marie

Douglas,

First, thank you very much for an educational response. I do value, and will get back to purchasing smaller coins from some of the reputable site you noted. Although, I will be putting away the 5 oz Koala coin for the future for my grandchild… I not materially wealthy, but have wealth in spirit. I don’t have the money to purchase high dollar coins, but his one was for my grandchild. I am amongst the government workers that are furlough until September… Not complaining, but it does require an adjustment in my spending habits. I am blessed, no matter what is happening in the world.

Again, thank you very much for taking the time to provide a detailed response.

May God Bless You!
P.S. You got the mint name correct!

Dominic
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Dominic

I got one of these as a gift . The Case says , 2013P Australia S$8 Koala – High Relief PF 70 Ultra cameo . One of first 1000 Struck . The coin # is 0181. Can any one tell me what its worth ?

Douglas
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Douglas

Hi Dominic, The best way I’ve found to discover the value of coins such as the one you got is to go to eBay and enter the description of the coin and see what comes up. When I did that with the coin you received, I found one seller asking $449.99 or best offer, with free shipping (which would cost the seller less than $5.00. Here’s a link to the listing: http://www.ebay.com/itm/2013P-AUSTRALIA-S-8-KOALA-HIGH-RELIEF-PF70-ULTRA-CAMEO-381-OF-1000-WITH-COA-CASE-/281613416242?pt=LH_DefaultDomain_0&hash=item419177b732 You could probably get about that much for your graded coin in the holder if you sold it yourself on eBay (minus eBay’s commission); but if you took it to a coin dealer, since the dealer would have it in inventory for an unknown length of time, thereby tying up some of his/her finances, and since the market for more expensive, heavier graded coins is relatively small, you’d probably get only about half or, if you’re lucky, 2/3… Read more »

Russell
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Russell

Would it make a difference if the CoA you have says #0001?

Dominic
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Dominic

Thank you Douglas , The person that gave the coin to my fiancée and I was a kind and generous man. The coin will stay with us for a long time. And the many others he has gifted us before his passing . I just couldn’t find much info on this on this particular coin. I thank you again for your help . Also because of this man I started my interest in coins .